Panic at the disco.

The market reacted to the turmoil in Middle East(Libya), causing the index to lose 53.37 points, lower by 1.39% with relatively lower turnover volume. No buyers perhaps? The index held better than its Asian counterparts who are now losing a little less than 2% on the average.

The gainers today with considerable volume are ANI - which is now resting at its 50EMA - gained another 5.96% today, probably just trying to catch more suckers in, MA/B with 3.33/3.44% gains respectively, LC with 1.20% - one fluctuation, and MWIDE with 1.60%.

Losers are pretty lot today, led by MEGW1 -7.21%, DFNN -5.98%, PCOR -5.30%,
MEG -4.27%, LND -3.70%, RLC -3.69% - probably because of its 1:2 rights offering at P10 coupled by the bearish market condition - and CYBR -3.67%.

TEL met another wave of selling losing 0.70%, SCC and MBT both losing 2.98%, AP -1.8%, AEV -2.33%. Other non-index issue loser includes NIKL -3.06%.

The only index gainer today is AC gaining 0.89% - gave me a buy signal at 341.

AP candlestick pattern looks profitable. I think today's pattern has a high probability of turning into a winner. AEV has yet to give a buy signal.

RFM looks exactly the opposite of AP so buy signal will probably be generated late this week to early next week.

NIKL got pretty much sold down at the opening, barely recovering at the closing. ASIASEC also started to shoot his own foot today. ASIASEC tried to push the issue up last Feb 16/17 buying 500k shares at the close. Today they crossed 500k shares. Did the guy got out already?

I could be mistaken that R&L is shorting the stock today as there were no short covering at the close. But if they are just purely profit-taking, why take profits at the lower end of the price range? Price difference from 23 is too wide for a stop. Hmmm..

I hope everyone who wanted to sell has already sold everything they have already.
Covered my hypothetical short positions in MER and AP today.

MER lost 2.35% and AP just lost on commission and taxes. Reverse positions tomorrow?


*I was actually scanning for possible trades last night. I was looking for long black candlesticks on the lower end of trading ranges for possible short term reversal plays and I was a little frustrated not to find any. It never occurred to me that I would see alot of them today. Ironically, I had it coming lol. Nothing is making sense in this market anymore suxlol

covering hypothetical short positions in MER and AP at the close.

R&L investment short of 306k shares of NIKL aev 20.55

Asian markets are now down by more than 1% except for Hang Seng. I doubt that our market will be spared from this bloodbath. Oil(WTI) closed at 93.65 higher by 8.64% and Gold closing at 1409.

European markets are down big time(more than 1%) amidst the turmoil in the Middle East (Libya).
Oil is now back to 90.25 levels gaining +4.70% and GOLD now 1405 up by 1.25%, 25 points away from its all time high of 1430 as of this writing.


I think I need gold's historical data so I can plot them on local gold producing issues if they are correlated or not.

Our market has been totally random with no correlation with DOW at all now. Up DOW, PSE down, down DOW, PSE down. Jezuz. /wrist