Tuesday, March 1, 2011

The index closed lower from its high as profit taking in AEV pulled the index down. However, the spike in AEV caused most of the issues to rally today, negating the correction of AEV which left the market with 17 points.

Gainers for today is led by LND with massive volume, gaining 12.87% followed by PAX +11.32%, CEB +10.13%, ORE +8.61%, VLL +8.26%, ICT +6.73%, JFC +5.51%, PX +4.08% and MEG +3.88%.

Losers for today is led by AEV -7.45%, MA -5.88%, MAB -2.94% and NIKL -2.40%.

Best case scenario for AEV is to form a flag/pennant pattern.

The guy from ASIASEC, buying up at the close from last week, decided to sell at the close at 20.35. Buying up the stock to 20.90/20.80 and then selling at 20.35? This doesn't makes sense to me.

Going to trade actively now. Just waiting again for trading setups to appear. Hopefully, the market reaches 3900 levels before heading back down to confirm the sideways bias.