Sunday 29 July 2012

BINTAI Is Out Of My List

Bintai (6998) broke the support of RM0.515 which was the recent low. Bintai is out of my Cup-with-Handle list.
My remaining list :
BRIGHT 
MKH 
PWROOT 
REDTONE 

Weekly Global Check

Dow Jones Industrial Index (DJI) has been bullish based on GPMMA and it went up by 187.73 on Friday (27 July 2012) and closed at 13075.66.

The followings are Global Indexes Weekly Checks : 

DOW JONE = Bullish 
NASDAQ = Bullish 
S&P 500 = Bullish 

FTSE = Bullish 
DAX = Bullish 

HANG SENG = Bearish (back to bearish again)   
SHANG HAI = Bearish 
NIKKEI = Bearish 
SEOUL = Bearish 
STRAITS TIMES = Bullish 
TAIWAN WEIGHTED = Bearish 
KLCI = Bullish  

HSI (Hang Seng Index) dropped for the whole week and bounded back a little making GPMMA turned bearish again. 

Sunday 22 July 2012

The Weekly Global Watch

I will try my best to update the weekly issue of 'The Global Watch' based on GPMMA in order to get some idea of the overall market situation.

DOW JONE = Bullish 
NASDAQ = Bullish 
S&P 500 = Bullish 

FTSE = Bullish 
DAX = Bullish 

HANG SENG = Neutral (waiting to close over to bullish)  
SHANG HAI = Bearish 
NIKKEI = Bearish 
SEOUL = Bearish 
STRAITS TIMES = Bullish 
TAIWAN WEIGHTED = Bearish 
KLCI = Bullish 


It looks like there was not much changes accept that Hang Seng Index turned to Neutral from Bearish last week. 

Thursday 19 July 2012

BINTAI - Cup-with-Handle Trade?

With recent high of RM0.63 then consolidation, BINTAI (6998) has potential for Cup-with-Handle trade. I am waiting for the break up; 15% increase for Bollinger Band.

So far our potential Cup-with-Handle stocks are :
BRIGHT 
MKH 
PWROOT 
REDTONE 
BINTAI

Tuesday 17 July 2012

The Higher The Market The Shorter The Trading Term

I think it is important to know that as the market goes higher, the risk is getting higher too. And so we should trade stocks in a shorter term bases (Short term means between the month latest not more than two months). Cup-with-Handle Trade seems to be the way to go.  

The cut loss point is short for Cup-with-Handle. Any change in market condition, we are out. The losses are kept in minimum. 

My watch list for Cup-with-Handle so far are : 
BIRHGT
MKH 
PWROOT 
REDTONE

Sunday 15 July 2012

GPMMA Global Watch - Nothing Changed - Neutral

The followings are the major markets indexes on GPMMA so as to get some idea of the market direction. 

DOW JONE = Bullish 
NASDAQ = Bullish 
S&P 500 = Bullish 


FTSE = Bullish 
DAX = Bullish (It was Neutral last week) 


HANG SENG = Bearish 
SHANG HAI = Bearish 
NIKKEI = Bearish 
SEOUL = Bearish 
STRAITS TIMES = Bullish 
TAIWAN WEIGHTED = Bearish 
KLCI = Bullish 


It is obvious that Asian markets are in bearish except Straits Times (Singapore) and KLCI (Malaysia). While US market and Europe markets are all bullish. 
As long as the major market ; US and Europe are doing fine, we are OK. 

Saturday 14 July 2012

Take Care Of Down Side, Upside Will Take Care By Itself

No body knows for sure the direction of KLCI or the entire markets. The best think to do is to rely on technical analysis. In this case, I would use GPMMA of closing over for direction; bullish when closes above and bearish when the blue lines (5 lines) drop below the 5-red-lines (entirely not partial blue lines).

KLCI closed at 1626.38 on Friday 13 July 2012. The blue lines stayed well above the 5-red-lines indicating that the market is still bullish. 
We have to constantly monitor KLCI and the rest of the indexes including the global ones like Dow Jones, Heng Seng, Shang Hai and Dax etc. for direction based on GPMMA.
Take good care of the downside and the upside will take care by  itself. 

Friday 13 July 2012

Redtone : Cup-with-Handle Potential Trade

I spotted another stock; Redtone which recently went up and touched the high of RM0.32. Let's see.

So far our Cup-with-Handle Stocks To Watch has four counters :
BIRHGT
MKH 
PWROOT 
REDTONE

Wednesday 11 July 2012

Wait For PWROOT To Consolidate

7237 PWROOT shot up 11.57% from RM0.605 to RM0.675 with a high of RM0.68. We could wait for the correction and get ready for Cup-With-Handle trading opportunity.

PWROOT (Power Root) is a solid company with good business and great dividend yield.

So far we have three counters under my watch for the potential of 'Cup-with-Handle' :
BRIGHT
MKH
PWROOT

Monday 9 July 2012

Potential Cup-with-Handle Stocks

I checked out the top gainers of today and I found two stocks which have the potential to have Cup-with-Handle trading; 9938 BRIGHT and 6114 MKH
Let's see. 


Independent

I think it is important to learn to be independent. I totally can understand how every one feels after the course. I felt loss, I felt directionless and I felt restless. I guess we just have to start one step a time independently looking for stocks, analysing the markets and taking baby step to buy stocks we think they are the right ones (whether based on GPMMA closes over or Cup-with-Handle etc.). I am doing it now. That is why I started this site to help me to focus and make progress in the process.

Please feel free to command.

Sunday 8 July 2012

GPMMA Global Watch

GPMMA seems to be a good way to identify the market situation; bullish / bearish.
The followings are the major markets indexes on GPMMA so as to get some idea of the market direction. 

DOW JONE = Bullish , NASDAQ = Bullish , S&P 500 = Bullish

FTSE = Bullish 
DAX = Neutral

HANG SENG = Neutral 
SHANG HAI = Bearish  
NIKKEI = Neutral  
SEOUL = Bearish 
STRAITS TIMES = Bullish 
TAIWAN WEIGHTED = Neutral  
KLCI = Bullish 


It is obvious that the markets are in neutral. Some are bullish and some neutral. There are only two markets in Asia are in bearish mode. It is important to watch closely for now since the market has been up since 2008.

My Suggestion: 
I attended a market talk by one of the local investment banks, they were very bearish about the markets; the whole markets based on Elliot wave theory. I am kind of drawn into believing the theory. 
Then what should I do? Sell all the stocks? 
Well, the best thing to do, I think, is to watch closely with the charts, all the major indexes of the world on GPMMA. I will get ready to sell all my stocks when GPMMA of KLCI closes below. I guess you all know what it means by "GPMMA closing below". 

Friday 6 July 2012

Old Town : Wait For Correction To Buy

OLDTOWN (5021) closed at RM1.75 with the high of RM1.78 which was higher than the previous high of 1.77 indicating the bullishness of OLDTOWN.
I would not buy the stock now, of course since it has been up. Instead, I would wait for the correction, a least cheaper than current price to buy in. I guess the best bargain would be the time when the price down to the red lines area (refer to chart). 
What do you think?

We could use Cup-With-Handle method, but there would not be much meat. Well, it did not 'qualify' our Millionology Cup-With-Handle conditions anyway.  

Note: OLDTOWN is one of the top pick for longer term investment by GrandPine. 

Thursday 5 July 2012

PohKong : GPMMA Closed Over Also

PohKong is back to bullish mode now. As we remember that CPTan; our SiFu did mention this counter. It is a company that we could keep for long term ( 12 months above ).

Note: In Millionology term, short term = 1 month , medium term = 6 months , long term = 12 months

KL Index Has Been Bullish

GPMMA of KL Composite Index turned bullish after the blue lines ( 5 lines ) totally closed over the red lines ( 5 red lines ) on 15 June 2012 of which KLCIndex closed at 1579.23. And now KLCI closed amazingly on 163.75. KLCI is bullish.