Beacons of Light in Choppy Waters
The Dow continued its triple digits wild swing but trade within the range of a symmetrical triangle. Breakout above the upper border of the symmetrical triangle will rally to key barrier at 12,000 ( H&S neckline + 200MA ). Breakout below the lower border calls for a pull back to 10,600.
The Straits Times Index mimics the volatility of Dow swinging between positive and negative every other days. We found beacons of light in the chopping waters out of technical indicators include RSI, MACD and Parabolic SAR. Unless affected by the performance of Wall Streets, we may see STI staging a short term rebound to 2.890.
The Straits Times Index mimics the volatility of Dow swinging between positive and negative every other days. We found beacons of light in the chopping waters out of technical indicators include RSI, MACD and Parabolic SAR. Unless affected by the performance of Wall Streets, we may see STI staging a short term rebound to 2.890.
Trading Ideas !
IndoAgri - Parabolic SAR buy trigger soon
Noble - Parabolic SAR buy trigger soon
Both are meant for long trades aiming at 10 cents ~ 15 cents of gain. Tight stops are necessary since the long term trends are still bearish ( these are counter-trend trades ).
GOLD 10US$ - This is Gold ETF and can be traded in multiple of 10 lots. It is tracking the movement of Gold which has been in a strong uptrend ( This is trend trade, buy on dip )
Noble - Parabolic SAR buy trigger soon
Both are meant for long trades aiming at 10 cents ~ 15 cents of gain. Tight stops are necessary since the long term trends are still bearish ( these are counter-trend trades ).
GOLD 10US$ - This is Gold ETF and can be traded in multiple of 10 lots. It is tracking the movement of Gold which has been in a strong uptrend ( This is trend trade, buy on dip )
Labels: Market Direction, Stock Pick
posted by Market Wizards @ August 28, 2011
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