Friday, January 28, 2011

Trading plan

Here is the trading plan that I made for this past week:

Avoid/Sell holding and industrial stocks.

Buy financial and property stocks for oversold/technical bounce play.

Buy mining stocks for bucking the short/medium term downtrend but be extra careful.
Check for bearish rsi divergences to spot weakness as weakness has already starting to surface.

Take positions in leaders.

MEG in property sector.

NIKL/LC/SCC in mining sector.

General market short to medium term trend is down.


I never took position in MEG but in SMC instead.

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