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Monday, November 12, 2007

Bear market and recession for sure

Downtrend should be dominated for the next couple months.
DJIA: Support 11500 - 12500
NASDAQ: Support 2300 - 2400

Friday, November 02, 2007

Stock market remain negative

Stock market remain negative, but maybe a bounce on Monday.

CTRP, RIG

Dow Jones drop below 50 day MA line. And NASDAQ still has a lot of room to fall.
China and Hong Kong stock market will continue to fall.

Tuesday, October 23, 2007

Market become neutral

Today's stock rebound back to above the 50 day MA support line. And a lot of stocks like AAPL, GOOG, AMZN, FSLR, and etc are reach their new time high.

Downtrend would most likely resume again if it can not break the 20 day MA resistance line.

Thursday, October 11, 2007

Market correction has begin

Today's market decline is not a good sign. Market correction is underway. Besides, a lot of stocks have raised too high lately (for example: technology and China stocks)

We should hold cash, wait or short.

Tuesday, September 18, 2007

Back to Bull again

NASDAQ and Dow Jones are both break their resistance lines today. Most sectors like home construction, mortgage, financial and energy have formed and recovering from their bottom. Technology sector remain strong (stay above thier support lines.

Thursday, July 26, 2007

Bear Market begin

Do not buy or hold stock for long now. Down trend begin for the whole market. Most sectors have already down for a while (break down their support line). Technology sector is the last one.

Monday, June 04, 2007

Rules to survive and grow in the stock market

1) Win more with big profit, make fewer mistake and loss less. Let profit run and cut loss early.

2) Protect your capital. Play safe is the key. Always place a stop loss order.

3) We should be modest and cautious all the time.

4) Don't be over optimistic or pessimistic with your holding position. Do be confident and act accordingly (market situation, chart, your rules)

5) Never buy more to average your loss pick stock.

6) Cut loss early if you make a mistake. Buy near market close to avoid making most of the mistakes if you decide to hold stock overnight.

7) Do not bet on earning. Risk and return are both high. We want return > risk.

8) Always follow market trend:
Bull ---> Buy at dip, support line
Bear ---> Short, when bounce to resistance line

9) Try to buy it in the right entry point ---> Make most money in the shortest time possible (1 to 3 days). Time is Money!

10) Control your risk. Only bet what you afford to lose. Don't put all eggs in one basket. We should not use all our buying power to buy one stock. (50% max)

ANW