Friday, March 20, 2009
Dear readers, thanks for dropping by my blog. I'm currently expecting and will be due anytime from now :) Much as the market is in some exciting times, nothing will beat the joy and excitement on the arrival of our little junior. I will be taking some time off the market as well as blogging. But I'll be back...suggest you subscribe to my blog and once I'm back in action, you will be notified & updated. Meanwhile, all the best in trading. Take care!
Thursday, March 12, 2009
US Dollar and Gold Looking Weak


Thursday, March 05, 2009
How Low Can They Go? - C, AIG, BAC
American International Group, Inc. (NYSE:AIG), Citigroup Inc. (NYSE:C), Bank of America Corporation (NYSE:BAC) have been in the news day in day out. How much deeper is the hole? How much more money they do still from the government? How low can their stock price go? Frankly, I have no idea and I don't think anybody knows for sure. But looking at their charts, its not difficult to see where their next few level of support are.
Citigroup Inc. (NYSE:C) levels of support: $1.0, $0.8, $0.45

Bank of America Corporation (NYSE:BAC) rebounded from strong support at $2.5 on 20 Feb. Next level of support is around $2.0, followed by $1.32.

American International Group, Inc. (NYSE:AIG) has tested its all time low of $0.38 on 24 Feb this year. Basically, as you can see from the chart, there is no other support below. Yikes!
Citigroup Inc. (NYSE:C) levels of support: $1.0, $0.8, $0.45

Bank of America Corporation (NYSE:BAC) rebounded from strong support at $2.5 on 20 Feb. Next level of support is around $2.0, followed by $1.32.

American International Group, Inc. (NYSE:AIG) has tested its all time low of $0.38 on 24 Feb this year. Basically, as you can see from the chart, there is no other support below. Yikes!

Thursday, February 26, 2009
Forex and Options Trading
I talked about venturing in Forex trading last Dec. If you would like to dip your toes into Forex AND Options, here are a few Forex options by ISE you can consider:
YUK: ISE Yen FX Index
EUI: ISE Euro FX index
CDD: ISE Canadian Dollar FX Index
BPX: ISE British Pound FX Index
AUX: ISE Australian Dollar FX Index
SFC: ISE Swiss Franc FX Index
But do note that AUX has very wide bid-ask spread.
Of course there are also the currency shares trust by NYSE exchange which are also optionable:
Euro: FXE
Yen: FXY
Swiss Franc: FXF
Canandian Dollar: FXC
Australian Dollar: FXA
Despite the chaos in the US financial market, the USD/JPY is rocketing up towards 100 after forming a double-bottom. Here's a closer look at the USD/JPY by the MarketClub.
YUK: ISE Yen FX Index
EUI: ISE Euro FX index
CDD: ISE Canadian Dollar FX Index
BPX: ISE British Pound FX Index
AUX: ISE Australian Dollar FX Index
SFC: ISE Swiss Franc FX Index
But do note that AUX has very wide bid-ask spread.
Of course there are also the currency shares trust by NYSE exchange which are also optionable:
Euro: FXE
Yen: FXY
Swiss Franc: FXF
Canandian Dollar: FXC
Australian Dollar: FXA
Despite the chaos in the US financial market, the USD/JPY is rocketing up towards 100 after forming a double-bottom. Here's a closer look at the USD/JPY by the MarketClub.
Saturday, February 21, 2009
Weekend Learning- Free Videos & Book
Together with MSN, Andrew Horowitz is offering his book: The Disciplined Investor: Essential Strategies for Success for free download. Grab this free book by 21 Feb'09 before its gone!
Now on to some educational videos. Below is a series of five free educational videos by Adam from MarketClub that shows viewers how to trade in five different markets.
Wednesday, February 18, 2009
Market Breakdown, Financial Sector All Time Low



Tuesday, February 10, 2009
Sector Performance Since Jan 2009


I would like to take this chance to recommend a few excellent blog posts from Dr Brett and Trader-X. These posts are already bookmarked under MY DELICIOUS at the left hand column, but in case you missed it, here they are:
How to Identify and Trade Trend Days to the Upside
Recognizing Range Days in the Stock Market
A Life Lesson From Trading
How I Trade - revised Feb 09
Enjoy!