As part of its efforts to provide the very best of market education to stock market investors, Absolute Traders and Consulting Services will open a course in Fundamental Analysis starting Oct. 6 to 8, 2010. Premier financial analyst and educator Prof. Alexander Gilles will be conducting the Fundamental Analysis classes that will teach students to examine [...]

Citic Pacific (267)
Perfect Box Breakout Chart.
The drama of this chart is very simple.  The breakdown from 20 dollars to 4 dollars was mainly the derivative losses coming from the company’s AUDUSD position.  If you look at the AUDUSD currency chart position, it is very similar.  They are identical twins.
The AUDUSD chart looks like it’s going [...]

Our stock pick last Jan. 6, Country Garden (2007 HK), is still doing well.  It opened up at 1.95 and went up to as high as 2.04 but moved sideways after that.  The stock is still consolidating but closed near highs at 2.02 for a 3.59% gain from the previous day.  The stock is gaining [...]

The index went south breaking its 1865 support and closing near the day’s low at 1840. The market opened on Monday at its highest intraday level and from 1893, shares were sold down to as low as 1831 before inching back a little on closing. Volume remained light as expected and only 485 million shares [...]

The market closed 19 points higher from its previous close Monday following some gains in Wall Street last Friday. It opened at the low of 1904, went as high as 1932, and closed weaker than expected at 1913. Foreigners were net buyers while advancers were heavier than decliners with value traded up to more than [...]

The PSEi inched up a bit posting a 20 point gain closing at 1908. Less than 400 million shares were traded, diminishing the gains of this market rally. While advancers finally outnumbered decliners, most were unchanged and our market remained the weakest gainer among major indices in our region. Investors remained on the side lines [...]

Here’s what I believe in. The markets these days are gyrating so wildly that in order to preserve capital, I’d rather stay out rather than take up risks. Whether as a trader, or as an investor, I’m confident that my cash is better. However, I would advice that intraday trading is possible. You can do [...]