Wednesday, December 8, 2010

Personal Disclosure

The market ended up in the green territory, closing higher by 23.17 points at 4221.09, higher by 0.55% from yesterday's closing suggesting that the market is tired from the recent bounce/run up and it might consolidate for the mean time.

AP recovered from the recent decline today, gaining 0.74% closing at 33.85. The buy signal given yesterday had a weak confirmation today so today would be a so-so entry. A strong closing in tomorrow's session would confirm the upswing in the immediate future.

The old timers JPMorgan and MACQUARIE continued to take profits today while a new comer EIB SEC bought alot of shares in the market today.

AGI gave off a buy signal today while filling out the previous gap up. If the signal is confirmed tomorrow, that would signal the beginning of the next upswing.

DMC continued to advance today despite looking toppish already.

SMC broke out of its consolidation today, closing higher by 5.74% at 129. However, it also gave out a take-profits signal so I would be inclined to take profits by then at the opening as it seemed to open higher by tomorrow. Let's see how this trading simulation goes.

AP is up by 25.05% within 32 trading days.