"Long term investor"

Sold CYBR for 1.36% profit! I was being greedy and stupid thinking that it will still climb higher right after the opening. I suck at day trading! I'll try to test it this month. If I don't get better at this, I would simply stick to short to medium term trading instead.

Bought ORE today at 3.85. I thought it would close higher before getting sold down at the last minute! I already bought at the last 30 minutes of trading and still end up with paper loss? I might be handing my money to JAP! Just kidding. I checked the previous transactions of ORE this week starting from Jan 3 and I found out that JAP(broker) is still holding around a million or so shares. Looking at last month's war chest, JAP is holding around 30 millions shares or so. From the looks of it, I am going to be a "long term investor" in here as they still have 30 million shares to sell! Haha!

My only consolation for keeping my negative position here in ORE is, it is poised to go up as suggested by the increasing(slight) ROC. Should have put my bet NIKL for the mining play. Anyway, what done is done and I am simply going to let it hit my stop before getting out.

AP closing above 32 would suggest the start of the uptrend. Bounce from 30 already~

Oh, and did anyone notice that the same amount of shares that was bought up yesterday in PA was also sold today? That's alot of "investors" right there!

*Metastock update: I tried to use the downloadable data from COL's website. Unfortunately, most of the files have "bad date" rendering some of metastock's feature useless. Anyway, I'll try to get the data using PSEGET today.

*As I was checking the monthly warchest starting from November, I found out that in November and December, A&A Securities have been buying(no selling done). Who could A&A Sec be? Sure they have lesser amount of shares than JAP but they never sell(except this week as they sold 30k shares).

Universal Robina Corporation (URC)

URC 3-YR Daily Chart



URC seems like nearing/at the bottom already as there has been a bullish MACD divergence on the daily charts.

If the bands constrict at 34 levels, a breakout from that level would suggest the reversal of the intermediate trend.

Watch it, no need to rush to get in as it might still slide further.

Metastock!

I finally got myself Metastock! Yay! I am psyched! Anyway, I have been tinkering with it last night and I find some useful stuff like scanning the entire market with your own trading conditions, etc etc. Unfortunately, I only have 6 months worth of data to backtest the trading systems that are included in the application so that's a little let down. Anyway, I am trying to figure out how to get and convert the downloadable data from citisec.

Thanks to Sir Jax (from FM) a.k.a. Mr. Jun Ignacio. You can visit his website at http://funnymentals.uphero.com. If you need help to systematize your trading, you can avail his services through the website! Many thanks again sir Jax!

Got to go and play with Metastock!~

*AP is looking to head down to 30.50 before bouncing back up! I am basing on intraday speed resistance lines. It has broke down from 2 speed resistance lines so it is now heading for a quick intraday drop!

Sucker game in play?

I was choosing between CYBR and LND today and I decided to buy CYBR at 0.81 at the closing with my available funds today as it seems to have stronger momentum. Hopefully it goes well tomorrow.

LND formed a bullish engulfing which provides a good signal for short term trading. However, it is relatively at the top of its trading range which I feel much risky than the momentum setup in CYBR.

I missed PA too as there's no way for me to buy it(well I was trying to figure out ways to trade this type of issue). Buying PA at the closing is probably the best method to take position in this type of issue - plus the fact that it was illiquid for the past year - no way for me to catch a trade like this.

Hopefully, I could get out alive with CYBR just in time for MER/MPI/SMC/LC.

Still holding AP. Let's see how it goes next week. For the meantime, basura plays. :)

Oh, and I finally figured out how to trade those long white candlesticks! :)

Correction, Your Honor!~

I was planning to do some day trading today and CYBR was on the top of my list and I would only trade it if it doesn't make a gap on the opening - exactly what happened today so I didn't buy it. Instead, I decided to look for possible trades for the day.
I didn't find anything worth trading (with minimal risk). So no trades were executed today.

Fortunately, stocks that are trending/moving up strongly for the past week that I've been watching has started to make corrections: SMC, MPI, MER, and BEL. BEL, however, is showing RSI bearish divergence so I am having doubts on to whether to trade it or not. I read before that a trader should look out for signs on not to trade the stock. That's a reason not to trade so I might take it out of the my list. NIKL also looks nice so I might also trade it when I find a good entry.

I am still looking to trade third liners/penny stocks though.

Looks like AGI is just range trading for the mean time. It needs to form a higher low - a bounce at 12 levels - to resume its uptrend.

I wanted to buy AEV today but somehow I did not have the guts to execute the trade. RSI breakout and turning up of the ROC should have been enough to trade it. It might be the limited short term upside.

JGS seems to be having a bullish RSI divergence.

And did ICT formed a double top today?

Metropolitan Bank and Trust Com. (MBT)

MBT bounced from its major uptrend line invalidating the target of the reversed head and shoulder pattern when it broke down.

Best case scenario is that it retraces and finds support somewhere at 68 levels, forming a new high low to resume its uptrend.

However, it could also range trade within 68-73 in the meantime.

Metro Pacific Investment Corp (MPI)

This is how it looked like after a week:



10% in a week - not bad for a short term trade!

Apply a trailing stop for those who want more!

Still tired after a week long vacation?!

Just returned from the week-long vacation early this morning. Man, I missed few good trades early this morning! I was supposed to buy CYBR on the opening today but I completely forgot about it! I already labeled it in the newspaper last week(since there's no easily accessible internet in Quezon province) but I was pretty tired with 2 hours of sleep from the trip so there, I missed the trade.

MER and MPI too! And I wasn't expecting MER to steadily climb up to 250 levels.

The only consolation for me now is there would be more trades like them in the future.

I liquidated my position in AGI today so I'll have funds for short term trading as I plan to trade more actively this year - by actively i mean to have more quality trades rather than the 2-point-profits I did before the year ended. I also feel like AGI is simply range bound in the meantime so there.

Also, as you can see, AP is still in consolidation mode although I am expecting it to finally move back up by next week~

Anyway, I'll be practicing how to day/momentum trading with the proceeds from AGI this month. However, if I find a better trade setup tomorrow, I think I'll take the old fashion trade setup first.

On the watchlist I made before the year-end, JGS and URC performed poorly specially JGS as it brokedown from its secondary trendline and now heading to the primary trendline. It could head down up to P15 and There's now certainty that it will bounce back from there(unless Mr. G buy backs another truckload of shares like what he did in URC back then).

So for now, it would be safe to assume that they are out of trend in the mean time as the weekly chart is also down.

Update on MPI chart~

Heads up on DMC!

Alliance Global Group (AGI)

Weekly Chart



1. Price has crossed above the 10EMA.
2. MACD is poised to generate a buy signal.
3. RS is recovering and building up.

Daily Chart



Price has crossed above 10EMA, 20 and 50SMA. The last time it did -early August, it made a run from 5.75 until it tanked at 10.90.

Conclusion:

Poised to breakout of its sideways movement.
Bullish on short and medium term.

If trading range is broken, pattern target: P14

MPI (Metro Pacific Investment Corp)

I can't believe that I missed this!



1. Buy signal on MACD
2. Support found and tested (the dragonfly candle and red hammer)
3. RSI bullish divergence
4. Price closing above 10EMA.

4 is definitely going to be tested again.

Now serving Whipped cream

Another whipsaw on BEL as it advanced again today by 8%. That's what you get when you try to outsmart your own system. I missed both big moves on SMC and BEL!

MBT had a weak follow through today as it only gained 0.85% today. Anyway, I'm just going to let MBT run for a while. I'll keep it until next year if it closes up strongly this week.

I doubt that day trading is for me.

AP is still looking out for support. Best case scenario is that it resumes its uptrend in 2 weeks.

Got whipped!

The index seems to be still in a choppy mood. Hopefully, it would start to resume its uptrend by early next year as suggested by the RSI and ROC.

Got whipped hard in SMC as it finally got into the lower range of the offering at 150 while BEL produced mediocre result.

Sold BEL today at 3.98.
Bought MBT at 64.50 as the confirmation of the RSI buy signal was relatively strong.

Still looking to trade stocks with momentum until the year ends!

Thoughts before trading week

There had been alot of fundamentally sound stocks that are currently free-falling, some have found support already while the others are still doing their thing.

Although it would be best to wait for the dust to clear out for the others, what would be the right thing to do with the stocks that have found support already?

One particular stock is looking extremely attractive technically and I wanted to try my theory out since I couldn't find concrete answer in the interwebs.

Let's see if I could trade them before this week ends.

Christmas ain't so bad after all...

I don't know what's up with BEL but it's going up with exceptional volume today. Looks like 4 is going to be taken out on Monday as the bid volume at the closing is very good. My favorite guru also gave a sell recommendation on this one so I am holding! :P

MBT continues to slide down. Looks like my target for the H&S are going to get hit!

AP is simply consolidating in the time being and I am expecting it to do so for about another 2 weeks, give or take.

Most of the stocks on my watch list are, well, taking a vacation already.

SMC is 140 already, P10 to go before the low end of offer range at 150.

Currently on the lookout for buying windows and I am currently looking at:

AGI - Consolidating/moving sideways
DMC - Consolidating
JGS - Oversold
MER - Gaining momentum(?)
MBT - Oversold
URC - Oversold
SMC - RSA play factor

Cashout for Christmas

The market lost another 35.83 points today closing lower by 1.23% at 4039.40 with relatively average volume.

Another lousy day and I was simply waiting for trade setups the entire session.

AGI looked relatively week as it formed lower low on RSI. I think it's going to head down a little further in the short term so I'll just avoid it for the meantime until it gets extremely oversold.

DMC still looks weak in the short term. I'll be waiting for momentum to buildup for the meantime.

I'm expecting a signal to form in 2 days in MER just for confirmation as it is already resting at 50% fibonacci level.

I'd probably get back on SMC next year.

Interestingly, a trade setup appeared in BEL today despite of the overall weakness of the market so I bought at the closing at 3.83. Hope it gaps up tomorrow.

Oh, and MBT broke down heavily today, breaking the third support(main) line so I'm expecting it to head further down to 54-58 levels and/or until it is extremely oversold.

Boring day is boring.

The market closed lower today at 4089.75 losing 58.28 points, lower by 1.40% from yesterday. Looks like the week is going to end flat.

Sold SMC today at 135.20 covering the small loss I incurred in PWR yesterday with the same capital.

Position in AP is flat and I am expecting it to move sideways until late late December to early January.

I am currently looking to trade AGI, DMC, MER and possibly SMC for the meantime while the market is still relatively choppy. I am just waiting for a trade setup to form.

I am also looking at/for blue chips that are extremely oversold.

Metropolitan Bank and Trust Com. (MBT)

MBT Daily chart




Breakdown from 2 major support levels at 68.50 and 75.50, head and shoulder neckline breakdown at 68.50 pointing at 54-58 as a possible target in short/medium term.

It is also resting now at the major trend line. A breakdown from here would suggest further decline in the short/medium term, confirming the down trend up to the H&S target.

Avoid until it finds solid support.

The market gained 32.65 points today, closing higher by 0.79% at 4148.03 on a higher turnover.

I took a position in AP again today at 32.30, higher by 3% than my stop yesterday.
I tried to day trade PWR as I thought it still has leftover momentum from yesterday but I was wrong so i sold it wil a small loss at 0.40.
I also took position in SMC at 134.
I am also looking at MER for a possible trade setup but there is no buy signal just yet.

Let's see if red is the color of Christmas.

Red is the color of Christmas

The market continued to decline on a lower turnover, declining by another 20.37 points, lower by 0.49% from last week's closing. Looks like we are going to go sideways until proven otherwise.


AP declined further in today's session, closing lower by 3.40% again. My medium term stop with AP got hit today so I sold my entire position at 31.80 and 31.60. I don't know what ATR is thinking but most of the foreign brokerage houses are selling and I don't see ATR supporting the stock. Anyway, my best case scenario for AP right now is to form a lower high in the short term and move sideways although I would still be on the lookout for a good buying window and I am hoping to get a bargain for it.

There are two setups that I am currently looking at so I'll wait and see how they go first.