Asian markets closed higher today with an average of more than 1% gain, European markets are up by more than 1% too with the exception of FTSE, Futures are up by 0.48%.
Gold is up to 1414 while Oil has dropped again below 100, now trading at 97.
Monday, February 28, 2011
Speculating
People had been speculating that the sell down in several issues is due to the fact that they are shifting funds to AEV. Do you think that the big players are impulsive traders? Sounds pretty ridiculous.
Aboitiz!
The index has held above 3730 support and suggesting further advance/s in the short term. If the index meets resistance at 3900 levels, I would be expecting it to move sideways from that onwards, until it breaks a support/resistance.
Today's performance was led by AEV with a humongous gain of 17% for today, lifting
the index up by 29 points from -26 points with exceptionally high volume courtesy of AEV 3.8B turnover, followed by AP, AGI, MBT, TEL and SM.
Gainers is led by AEV +17.50%, followed by ORE +8.54%, PCOR +7.69%, GLO +7.58%,
SECB +6.44%, CEB +5.95%, CYBR 3.88% and AP +3.24%.
Losers is led by PX -9.84% after releasing the news of 100% increase in income for the 2010, ICT -8.08%, MWC -5.63%, JFC -5.49%, WEB -4.62% and VLL -4.11%.
TEL did completely the opposite of what I was expecting, losing 2.79% instead.
Totally missed out the action today in AEV. I was thinking whether to buy the 7k shares at 43 or not but I decided not to act on it. I would be very cautious to buy AEV now. A very long white candle with large volume could probably result into a blowout. MACD/RSI bearish divergences are both showing on the daily chart. Weekly chart is showing bearish RSI divergence too. With that being said, it is probably safer to trade it with a tight stop loss.
The volume in AEV today could mean a blowout or it could also mean a reversal already. Place your bets.
NIKL is still being bought up at the closing. A strong close at 22 or above would suggest that the demand for the issue is back.
Previous doji setups in CYBR is now up by 3.88%, MBT slightly higher, MPI slightly down, NIKL up by 3%, and SECB is now up by 5%. Removing the lagging MBT and MPI, issues with a doji setup produced profits after an average of 2 days, gaining an average of 3% during the holding period. 60% of winning rate with 3% average gain in 2 days after the doji setup, 40% chance of losing with minimal loss(commission and tax) within the same holding period. Profitable? Maybe the other positions would also turn out profitable after a few more days or so. Will monitor further to determine how long it would take to make them a winner/loser.
Today's performance was led by AEV with a humongous gain of 17% for today, lifting
the index up by 29 points from -26 points with exceptionally high volume courtesy of AEV 3.8B turnover, followed by AP, AGI, MBT, TEL and SM.
Gainers is led by AEV +17.50%, followed by ORE +8.54%, PCOR +7.69%, GLO +7.58%,
SECB +6.44%, CEB +5.95%, CYBR 3.88% and AP +3.24%.
Losers is led by PX -9.84% after releasing the news of 100% increase in income for the 2010, ICT -8.08%, MWC -5.63%, JFC -5.49%, WEB -4.62% and VLL -4.11%.
TEL did completely the opposite of what I was expecting, losing 2.79% instead.
Totally missed out the action today in AEV. I was thinking whether to buy the 7k shares at 43 or not but I decided not to act on it. I would be very cautious to buy AEV now. A very long white candle with large volume could probably result into a blowout. MACD/RSI bearish divergences are both showing on the daily chart. Weekly chart is showing bearish RSI divergence too. With that being said, it is probably safer to trade it with a tight stop loss.
The volume in AEV today could mean a blowout or it could also mean a reversal already. Place your bets.
NIKL is still being bought up at the closing. A strong close at 22 or above would suggest that the demand for the issue is back.
Previous doji setups in CYBR is now up by 3.88%, MBT slightly higher, MPI slightly down, NIKL up by 3%, and SECB is now up by 5%. Removing the lagging MBT and MPI, issues with a doji setup produced profits after an average of 2 days, gaining an average of 3% during the holding period. 60% of winning rate with 3% average gain in 2 days after the doji setup, 40% chance of losing with minimal loss(commission and tax) within the same holding period. Profitable? Maybe the other positions would also turn out profitable after a few more days or so. Will monitor further to determine how long it would take to make them a winner/loser.