Though SIMSCI gapped up at opening, it drifted down after that. I see an opportunity for SHORT position on SIMSCI futures. In fact, short position has been established at 291.4.
Take stocks 03-July-2006
I saw some interesting stocks trading candidates :
-Hengxin Technology
-FerroChina
-Luzhou BioChem.
These counters show me some potential upside for the coming week.
RE: SIMSCI 30-June-2006: Potential Long: No trade
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SIMSCI 30-June-2006: Potential Long
A three digit gain in DJ. Nikkei gains more than 300 points in the first hour of trading, SG gains around +8 points, pretty bullish day. I am watching for any possible entry to Long SIMSCI. With this type of big gap opening, patience is needed if one is to day trade. It might end up as a boring day with no trade setup completed.
No trade 29-June-2006
I did not have any position for TIMSCI today. It was rather volatile and boring. It failed to complete my setup. In fact, after watching TIMSCI for the past few days, I found that it is a little bit tedious to trade this index. Price action goes wild frequently.
No setup for SIMSCI. I guess tomorrow should have some action after Fed meeting tonight.
I agree with some comments put on my blog about Mini Dow. I do find opportunity on this index futures. However, opportunities normaly appear after 11 to 12am Singapore time. I am the person who needs to struggle staying through the night (That’s why watching World cup is just not for me), it is risky for me to day trade in the wee hours of the morning.
I am not interested in trading stocks at this point of time.
So far, it has been a lousy week to me. Looking forward for a next better trading week.
Trading for 29-June-2006: Potential Long TIMSCI, Pattern Pending SIMSCI