Wednesday, November 17, 2010

Headlights of the approaching train

The market lost more than what it gained last Monday, lower by 1.69% closing at 4069.31, fast approaching the psychological support that is placed at 4000. Looks like the light that we saw last Monday was the headlight of the incoming train.

SMB +10.58% , LND 6.94% and APC 6.85% are today's top gainers with significant volume while URC -6.02%, MEG -5.36%, MER -4.85%, and JFC 4.35% are today's top losers with significant volume.

Seems like my trade setups that formed last Monday are fakes. I'm not willing to bet on them just yet.

For the meantime, I won't be in a hurry to make trades yet although I'll be holding onto my current positions as both are still showing some resilience against the current landslide.

AP is up by 12.49% within eightteen trading days with doubled up position.
AEV is up by 1.22% past break-even point at 35.07.