Futures is down a little now. Before we get started a new trading day, let's have a look at STI (Straits times index) ended 31-Jul-2006. It is interesting to see STI managed to closed both 50-day and 200-day moving average. And in fact, it closed above recent downtrend line, which appeared to be an resistance area before. Earning season is yet to be over, price action of STI seems to be better for August. I am very keen to see if it manages to advance further above current level. [photopress:STI_31_jul2006.jpg,full,pp_image]
Blog and Rants
Dummy day trading #1 31-Jul-2006: E-mini Nasdaq composite: Long trade closed
I was looking for Nasdaq-100 futures to move up further to resistance level around 15550. A nice setup during the opening, I have decided to get LONG above inside bar. Bull failed to impress further and my intial stop was triggered with 1.13-R loss.
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Full picture after market closed
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Dummy day trading 31-Jul-2006 II: U.S market
I was preparing to do a recap of Nasdaq, DJ and S&P before starts today's trading. And I have found TraderMike had done a good recap and some discussion on volume. July 28, 2006 Stock Market Recap
About blogging
I have been a blogspot (clogspot? ) user for more than 1 year, and my recent switch to wordpress is something that I hope I have done it earlier. The user-friendly interface and the stability of the platform impressed me. Besides, the free plugins and the easy theme switching are another plus. For those who are new to blogging you may try out a free blog at wordpress.com, in case you are getting your own domain and hosting service, remember to install the latest wordpress 2.0.4 for a stable release. And it is all FREE.
WordPress is an Open Source project, which means there are hundreds of people all over the world working on it. (More than most commercial platforms.) It also means you are free to use it for anything from your cat?s home page to a Fortune 500 intranet site without paying anyone a license fee.
Blogging has become a trend, or some says a new generation culture. Try it out.
SG futures market 31-Jul-2006 : No trade
It was another boring day for SG futures market. Both TIMSCI and SIMSCI did not provide good trade setup. Bulls failed to perform. TIMSCI closed in negative zone and filled the opening gap. SIMSCI opened high, and closed with +1.3 point gain, giving up most of morning gain. No trade was done. Here are the 15-min charts SIMSCI Futures
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TIMSCI Futures
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Dummy day trading 31-Jul-2006 I: 1st hour Asian trading
Good morning! 🙂
I was so excited after spending two days (full day man, I skipped my gym wokout session and movie, Oops) to set up this site. What do you think about it? Oh, the banner background is one of famous bay in Singapore, and the place where some cool yachts park. (Man, I am going to park mine there, someday ..🙂 )
Alrite, back to business, It was a positive day for DJ last Friday. Asian markets are continuing the positive sentiment (I guess, part of the force comes from the earning season trading). In the first hour of trading, I see Nikkei futures gaining around +200 points, though most of them are due to opening gap, intraday trend stays above moving averages and currently moving sideway.
MSCI Taiwan (TIMSCI) opened high and pulling back after opening gap. Gap is not filled. And it in fact, stays above moving averages. Intraday trend looks up. I am only looking at Long opportunity at this point time.
MSCI Singapore (SIMSCI), I am not trading this index futures, but I am interested in following SG market. Intraday trend looks up. I will only consider LONG for day trading purpose at this point of time. Looking at SG stocks market, advanced/decline is around 229/61. Pretty positive for the morning session
