Website to read

1. Newsletter : Extreme Value

2. Moore Research Center Inc. (MRCI)

3. Trading Education

4. Trader Tech

5. Crestmont Research

• Matrix
  

6. Dow Theory

7. Ken Long on ETF

Books to Read

Van K. Tharp

• Super Trader : Make consistent profits in good and bad markets
• Trade Your Way to Financial Freedom
  
• Safe Strategies for Financial Freedom
• The Peak Performance Course for Traders and Investors
• The Definitive Guide to Expectancy and Position Sizing
  

Michael Steinhardt

• No Bull : My life in and out of markets

Jack Schwager

• Market Wizards (must read)
  
• The New Market Wizards (must read)
  
• Fundamental Analysis
• Technical Analysis
• Schwager on Futures : Fundamental Analysis
  

Charles LeBeau

• The Technical Trader's Guide to Computer analysis of the futures market (must read for systematic process of developing trading system)

Perry Kaufman

• Smarter Trading : Improving Performance in Changing Markets
  

Cynthia Kase

• Trading with the Odds

William O'Neil

• How to Make Money in Stocks : A winning system in good times or bad
  

Tushar Chande

• Beyond Technical Analysis (beware of his idea of portfolio testing and position sizing)
• The New Technical Trader : Boost Your Profit by Plugging into the Latest Indicator
  

John Murphy

• Intermarket Technical Analysis

Edwin Lefevre

• Reminiscence of a Stock Operator

Michael Alexander

• Stock Cycles : Why Stocks Won't Beat Money Markets over the Next Twenty Years

Ed Easterling

• Unexpected Returns : Understanding secular stock market cycles

Laurence A. Connors

• Street Smarts : High Probability Short-Term Trading Strategies

Ken Roberts

• The World's Most Powerful Money Manual & Course

William Dunnigan

• One way Formula for Trading Stocks and Commodities

J. Welles Wilder, Jr

• New Concepts in Technical Trading Systems

Bruce Babcock

• Trendiness in the Market

Robert W. Colby

• Encyclopedia of Technical Market Indicators

log

Freshness : 9
Mental : 8

Psychology : Regret getting in too soon into the market even though knowing the market will be very very slow last month. Should have used position sizing. Should have predefined stop loss & profit taking method.

Portfolio - MacArthur

Macarthur Weekly Chart

Support at $0.37. Resistance at $0.43

ADX - Sideways.
MACD - Positive but low price increment.

GMMA - Price movement up but very slow. Not yet time for breakout.

Macarthur Daily Chart


MFI - below 50%

ADX - sideways

GMMA - Price not moving up

Stochastics - Overbought

This stock is not going to move much for a long time.

SELL.

Portfolio - Jaya Holdings

Jaya Holdings Weekly Chart

ADX - weak. Sideways

MACD - Not much price movement. Sideways.

Jaya Holdings Daily Chart

Support at $0.43. Resistance at $0.515.

MFI - around 50%
ADX - Weak trend. Sideways.
GMMA - Sideways
Stochastics / RSI - Oversold region

SELL when reach upper part of Band or at cost price.

Portfolio - Innovalues

Innovalues Weekly Chart

Resistance at FR 23.6%. Support at $0.19.

Volume very high.

ADX & MACD - very strong uptrend

Innovalues Daily Chart

MFI - good
ADX & MACD - going down. Sideways.
GMMA - Short term retracement. Long term going up.
Stochastics -  in Oversold region. May go up soon.

Currently sideways due to retracement. Price going to reverse in band.

HOLD.

Portfolio - Dayen

Dayen Weekly Chart

ADX & MACD - Might be going sideways
GMMA - Need some more time for breakout to happen

HOLD

Dayen Daily Chart

MFI - poor
ADX & MACD - Uptrend. ADX getting stronger.
GMMA - Not much movement

Notice that the 200MA is turning up. 50MA is also upward.
Volume since early this month have been very high.

Monitor for breakout to happen.

Portfolio - Annica

Annica Weekly Chart


MACD - Price pattern may reverse

Annica Daily Chart

MFI - No big money at this moment
ADX - Uptrend getting weaker. But still in uptrend.
GMMA - Short term going down but will go up again in near future
Stochastics - Already in oversold zone. Price may go up anytime.
Momentum - Near '0'. Going to have more price movement soon.

Strong support at $0.08 due to gap up previously. Possibility of bouncing back after touching support.

HOLD
Stop loss at $0.075

Portfolio - Tenaga

Tenaga Weekly Chart

ADX show uptrend not as strong as before. MACD no longer show strong upward trend.

GMMA consolidating.


Cautious of it going sideways.

Tenaga Daily Chart

Trend is very weak.

Prepares for sideway consolidation.

Portfolio - Landmark

Landmark Weekly Chart

ADX have been showing weaker uptrend as blue line is now below green line. Thus Green line may go towards a u turn soon. if this situation continues.

MACD is also showing u turn already.

GMMA have been consolidating.

Overall, the price have been in consolidation.

Wait for Stochastics to turn upwards for the uptrend to continue.
If not, treat this as a sideway market.

Landmark Daily Chart

ADX had been weak.

GMMA is going towards sideway.

Treat this as a sideway market.

Support at 23.6% and resistance at 20MA. Alternatively Bollinger Band can be used.

Wait for RSI / Stochastics to reverse to enter.

KLCI - Market

KLCI Weekly Chart

Support at FR50%. Resistance at 61.8% and 20MA Upper Envelope 10%.

ADX & MACD in strong uptrend.

GMMA show strong uptrend.

KLCI Daily Chart


ADX, MACD and GMMA have shown some retracement going on up till now.

Need to wait till Stochastics reverse to enter.

STI - Market

STI Weekly Chart

Resistance at FR 50% have been very strong.

ADX uptrend is now showing sign of weakness as ADX blue line (uptrend) is going down. If the blue line continue going down, this may lead to the green line going down too. Together with this, MACD is also showing sign of price going towards negative side.
Some retracement in price chart may happen soon.

GMMA also smaller gap for short term.
Some retracement in price chart may happen soon.

STI Daily Chart

STI have been consolidating for quite some time at FR 50%.

ADX and MACD have been showing weak trend (more into sideways). Need to wait for reversal into stronger trend.

Need to monitor when Stochastics is going to turn up. If the trend is going up, then that's the time to enter.

SSE - Market

Shanghai Stock Exchange is also influencing KL & Sgp Market. Thus need to monitor.

Looking at Weekly Chart, SSE have been having retracement after hitting FR 38.2% to FR 23.6%. Trend is now weak. Look out for reversal to upside soon.

SSE daily chart

SSE Weekly Chart

DJI - Market

I am now looking at DJI because KLSE & STI strongly correlate to DJI.

DJI is now still in uptrend. Support at 20MA. Resistance at FR (Fibonacci Retracement) 50% or 50MA. ADX(daily) is showing strength is strong but weakening. ADX(weekly) is showing trend is weak but strength is going to increase soon. Need to monitor weekly when trend starts, is it uptrend or downtrend.

DJI Daily & Weekly Chart

Log

Have been sick for 1 week plus. Time for me to resume work.