Head and Shoulders detected on the major US indices

admin — Wed, 25 Aug 2010 09:36:21 +0000

Wow wow…. as of last night’s US Home Sales data we have a Head and Shoulders, implying more downside for the Dow. My estimate is that there will be some support @ 10,000 being a round number (but looks like it would be taken out easily and 9,961 would offer some support after which we’ll see some form of strong support around 9,685 and ultimately 9,600 (which translate to a 15% drop from the highs of late april (11,250).

Gold

admin — Wed, 07 Jul 2010 12:51:35 +0000

Recently been real quite busy meeting people and i’ve got to know some great people around. On top of that i’ve also come across a few nice lobangs worth sharing. 2 Questions to ask today…. 1) how many of you have gold from your wedding? 2) Is your gold earning you any cash?

Interested to know how you can make your gold work for you? Or just want to know what i have done to mine? Drop me a msg or ring me up.

Biggest drop in Dow Jones intraday history… 998.50 (9.2%) points

admin — Fri, 07 May 2010 01:19:10 +0000

Dear all, i haven’t been updating much on stocks and trading stuff but i just coldn’t refrain myself from posting this in celebration of Dow’s record breaking day. 6th May 2010 marks the biggest intraday drop in Dow Jones history with a 998.5 drop, but at closing it traded back up to close the day at a loss of 348 points

MVCI Premier Plus Membership

admin — Wed, 05 May 2010 09:35:43 +0000

Yes!!! We’ve been a MVCI (Marriott Vacation Club International) Member since 2008 and recently they gave such a good deal that we couldn’t resist and thus we took up the offer and upgraded our membership with MVCI to Premier Plus in Dec 2009 and it was approved recently yeah yeah yeah more holidays to look forward to.

Would update some travels we had with MVCI soon

Wealth Academy Expo 2010

admin — Wed, 14 Apr 2010 01:43:21 +0000

Hi friends…. do you hunger for financial info? Is recession a bad time or a golden chance to make your fortune? Have you met winners who profit from recession? Do you want to take action and take charge of your life or let life (or recession and retrenchment) take charge of you?

Well here is the chance to invest in the best financial instrument of all…. YOUR KNOWLEDGE!!! For a mere SG$29 come meet the winners in recessions this coming May 22nd - 23rd @ Singapore Expo, Hall 3 and absorb their experience just like a sponge absorbing water!!!!! Seats are limited grab yours now!!

VIP Seats : ~~SG$599~~ SG$199
GOLD Seats : ~~SG$299~~ SG$69 *SOLD OUT*
General Seats : ~~SG$99~~ SG$29
SPECIAL OFFER!!!! Bring a friend for SG$1 only

Interested parties please contact me via
Mobile : +65 97826199
Email : duke_lim@yahoo.com

Dive Packages in 2010!!! Anyone??? :)

admin — Wed, 24 Mar 2010 01:26:07 +0000

Dive package 2010

Pulau Aur
Leisure Dive Trip - SGD330
Open Water Diver Course - SGD540
Advanced Open Water Diver Course - SGD530
Rescue Diver Course - SGD700

Pulau Tioman(Paya)
Leisure Dive Trip - SGD360
Open Water Diver Course - SGD540
Advanced Open Water Diver Course - SGD530
Rescue Diver Course - SGD700

Pulau Tioman(LOB)
Leisure Dive Trip - SGD340
Open Water Diver Course - SGD530
Advanced Open Water Diver Course - SGD520
Rescue Diver Course - SGD700

For more information, please visit our website @ www.apachediver.com

My pledge!!!!

admin — Mon, 08 Mar 2010 02:42:11 +0000

Made a pledge to myself just before March… CNY had been a good time of the year…. especially to the taste bud combine that with the Xmas and New Year partying… well you get an oversized Alvin at the weight of 105kg AGAIN!!!! Now now 1 week into my pledge … ahh YESS!!!! (pledge to shed some weight) i’m glad to announce as of this 8th of March 2010 morning i’m 102.4Kg!!!! Yes….

Can you guys imagine how a 80kg Alvin looks like?? ok get ready for this preview….. See the guy in the middle??? and i was only 90kg

Happy 2010!!!

admin — Thu, 07 Jan 2010 14:55:50 +0000

Its been a long while…. and i’ve been busy …. over the past few months (oct - nov 2009) i’ve been to phuket, bali and then bangkok.

Well well i sure love travelling and guess what??? We’ve upgraded our MVCI (Marriott Vacation Club International) membership from 40k points to 60k points. That would translate to more holidays…. YEAH!!! but the problem is with the leave…. Jenn recently got a new job and so far apart from 1st day everyday is OT day…. and for the past few days only back home around 11+ pm only to leave house before 8am the next day.

But nevertheless so far for this year my travel plan would be as follow… :

JAN : 13 - 19 ShenZhen (maybe + HK or Macau)

Jan : 23 - 25 Kuala Lumpur

Apr : 25 - 29 Phuket (Tiffany’s bday and yes our wedding anniversary!!! both on 28th April)

Above are confirmed dates which can only be added on and not taken out!!!!

My New Year Resolution for 2010 is a holiday once every quarter, seems like we would be able to accomplish target for 1st and 2nd quarter

Daily Market Analysis - 08 October 2009

admin — Thu, 08 Oct 2009 13:39:40 +0000

WELCOME TO Q4 2009!!!!

U.S. MARKETS RECAP : Wednesday, October 07, 2009 AMC

Quote:

Briefing.com - Wednesday October 07 2009 @ 16:36 ET AMC
Daily Sector Wrap : Financials Help Market Shake Off Dollar’s Drag
Leadership from the financial sector helped stocks log their third straight gain after they spent most of the session chopping along in negative territory amid a moderately stronger U.S. dollar. Though the greenback’s gains weighed on the stock market and many commodities, it didn’t deter gold from extending recent gains.

Stocks spent most of the session trading listlessly as the Dollar Index recovered from losses in the past three sessions to advance 0.2% Wednesday. However, bank stocks emerged with strength after struggling to find direction in the early going. With banks finishing strong, the KBW Bank Index netted a 1.2% gain and the broader financial sector settled at session highs with a 1.0% gain.

The energy sector was the next best performing sector. It finished 0.6% higher even though oil prices closed pit trade 1.7% lower at $69.66 per barrel. Oil prices were hampered by bearish gasoline inventory data, which overshadowed news of a 978,000 barrel draw in crude oil. The consensus had called for a build of 2 million barrels of crude.

Though a stronger dollar likely added to oil’s woes this session, it didn’t derail gold from continuing its ascent. Gold futures closed at $1044.70 per ounce, up 0.5%, but had been as high as $1049.70 per ounce in overnight trade. Small-cap gold stocks and precious metals stocks of a lower quality benefited most from gold’s gains as momentum money trickled into the group. That helped the materials sector (+0.2%) offset general weakness among commodities-related stocks and basic materials stocks that stemmed from a 0.4% decline in the CRB Commodity Index.

Monsanto (MON 74.33, -1.04) was also a drag on the materials sector. The company posted better-than-expected adjusted earnings of $0.02 per share, but reaffirmed downside guidance for fiscal 2010.

Other earnings announcements were generally positive as Yum! Brands (YUM 34.37, -0.49), Costco (COST 59.00, +1.07), and Family Dollar (FDO 28.21, -0.27) each bested earnings expectations for the latest quarter.

Leadership from the financial sector may have led the S&P 500 to a strong finish, but it couldn’t prevent the telecom sector from logging an outsized loss of 2.9%. Weakness among integrated telecom giants AT&T (T 26.18, -0.56) and Verizon (VZ 29.38, -0.31) kept the Dow from making a gain of its own.

Separately, Treasuries made solid gains. The benchmark 10-year Note settled some 22 ticks higher, which pushed its yield back below 3.2%, following strong results from a $20 billion auction of 10-year Notes.

Market Internals for Wednesday October 07 2009

Leading Sectors: Financials (+1.00%), Tech (+0.47%), Health Care (+0.25%), Consumer Staples (+0.34%), Consumer Discretionary (+0.08%), Energy (+0.62%), Materials (+0.22%)
Leading Industries: Diversified Metals & Mining +4.45%, Home Entertainment Software +4.06%, Auto Parts & Equipment +4.06%, Internet Software & Services +3.11%, Internet Retail +2.94%, Oil & Gas Equipment & Services +2.65%, Managed Health Care +2.58%, Drug Retail +2.52%, Specialized Consumer Services +2.40%, Aluminum +2.23%,

Lagging Sectors: Industrials (-0.28%), Telecom (-2.89%), Utilities (-0.18%)
Lagging Industries: Integrated Telecommunication Services -3.08%, Photographic Products -2.18%, Forest Products -2.16%, Fertilizers & Agricultural Chemicals -1.50%, Automotive Retail -1.42%, Construction Materials -1.26%, Home Improvement Retail -1.23%, Electrical Components & Equip -1.23%, Paper Products -1.21%, Wireless Telecommunication Services -1.12%

NYSE:
Lower than avg volume @ 1091 vs. 1229 avg
Advancers outpacing Decliners : 1567/1384

NASDAQ:
Lower than avg volume @ 2228 vs. 2276 avg
Decliners outpacing Advancers : 1300/1319

Other Market Moving Factors:
• Alcoa tops earnings estimates, PepsiCo, too
• U.S. dollar falters
• Weekly initial jobless claims not as bad as feared
• August Wholesale Inventory data due at 10:00 AM ET

Quote:

Briefing.com - Wednesday October 07 2009 @ 18:45 ET AMC
After-Hours Report : AA 5.6% Higher After Hours Following Earnings
Leadership from the financial sector helped stocks log their third straight gain after they spent most of the session chopping along in negative territory amid a moderately stronger U.S. dollar. Though the greenback’s gains weighed on the stock market and many commodities, it didn’t deter gold from extending recent gains.

After the close, Alcoa (AA) reported third quarter earnings of $0.04 per share, which was $0.13 better than the First Call consensus of a loss of $0.09. Revenue also came in above expectations. The company said, "In the second half of 2009, there are signs that key markets the company operates in are stabilizing. Due to low inventories at distributors and rising shipments, regional premiums are improving and global aluminum consumption is expected to increase 11% in the second half of 2009." The stock is trading ~5.6% higher after hours as a result of its earnings release, while close competitor Century Aluminum (CENX) jumped 50 cents (or ~5.2%) to ~$10.20 after hours due to AA’s results.

Seven of the ten sectors were in positive territory, led by financials (+1.0%), energy (+0.62%) and tech (+0.5%). The telecom sector (-2.9%) was the worst performing sector by, with industrials (-0.3%) a distant second.

Futures are higher after hours with S&P 500 futures 2.85 points above fair value of 1053.95 and Nasdaq 100 futures 3.53 points above fair value of 1708.97.

Companies trading higher in after hours in reaction to earnings: AA +5.6%… Companies trading lower in after hours in reaction to news: SVNT -7.1% (announces a 4 mln share common stock offering pursuant to an effective shelf).

Tomorrow morning, two economic reports are scheduled to be released at 8:30ET. First, initial claims figures, which have a consensus of 540K and second, continuing claims, which have a consensus of 6105K.

Ahead of tomorrow morning’s opening bell, International Speedway (ISCA), Marriott (MAR) and PepsiCo (PEP) are scheduled to report earnings.

_______________________________________

U.S Markets - Thursday October 08 2009 - BMO

TECHNICAL UPDATE
DOW JONES INDUSTRIAL AVERAGE (DJIND: CBOT) 9,725.58, -5.67 (-0.06%)

NASDAQ COMPOSITE INDEX (COMB) (COMP.IDX: NASDAQ) 2,110.33, +6.76 (+0.32%)

S&P 500 INDEX (SPX: CBOE) 1,057.58, +2.86 (+0.27%)

__________________________________________

Current Markets

Asian Markets Thursday October 08 2009 @ Oct 8 9:16am:
HANG SENG 21,492.90 ( +251.31 +1.18% )
NIKKEI 225 9,832.47 ( +32.87 +0.34% )
KLSE 1,196.32 ( -5.75 -0.48% )
STI 2,648.86 ( -12.05 -0.45% )

Currencies Thursday October 08 2009 @ Oct 8 9:16am:
U.S. Dollar vs Euro ( +0.0072 +0.49% ) 1.4761
U.S. Dollar vs Yen ( -0.08 -0.09% ) 0.0113
U.S. Dollar vs UK £ ( +0.01 +0.62% ) 1.61

Treasury Yields :

2 Year Note 0.88% +0.02 • 5 Year Note 2.17% 0.00
10 Year Note 3.17% -0.01 • 30 Year Note 3.97% -0.03

Gold (CMX ) December 09 ($US per Troy oz.) : 1057.00 ( +12.60)
Light Crude (NYM ) November 09 ($US per bbl.) : 69.57 ( -1.31)

Earnings Highlights for Thursday October 08 2009
ISCA , MAR , PEP , NUHC , TSCM

Events for Thursday October 08 2009
08:30 Initial Claims
08:30 Continuing Claims
10:00 Wholesale Inventories

___________________________________________
Summary
"Jobless lose lifeline as Senate stalls" : http://money.cnn.com/2009/10/08/news…ion=2009100806

"Gold’s record-breaking run continues" : http://money.cnn.com/2009/10/08/mark…ion=2009100807

"Jobless claims fall to 9-month low" : http://money.cnn.com/2009/10/08/news…ion=2009100808

Alcoa swings to surprise profit" : http://money.cnn.com/2009/10/07/news…ion=2009100718

"Stocks poised to roll up again" : http://money.cnn.com/2009/10/08/mark…ion=2009100808

Resistance levels @ 9,790 and 9,920
Support levels @ 9,700 and 9,660

Direction for Thursday October 08 2009; ∆ Up

admin — Thu, 08 Oct 2009 07:08:10 +0000

Cool out in 3 mins… finger too slow was supposed to grab 20pips but since the darn thing moved so fast i better get out with 17pips. Anyway coz it is near the strong resistance level 1.6045.

Current : +96.2206%
Target : +350%
Difference : 253.7794%