This was the subject line of an urgent mail sent to our trading and investment clients on Tuesday morning 9h05!
Caution: Shooting Star candles across the stock markets and indices especially for Resources so take caution today.
We considered that short term traders should take profits and that investors be aware of a pull back but to use it as an opportunity to add to their existing investment positions at a discounted price in the resource rally.
Some prices have already bounced including Kumba our preferred stock pick. It pulled back to the moving average as support at 31600c and is now sitting right back at 330000c in just 2 days.
Platinum stocks had a similar experience. Some sectors like construction failed to secure a higher top so therein lies a potential opportunity to short the sector and construction stocks like Murray (target 4000c) and Group 5 as well to name a few.
We also discussed how the pharmaceutical sector have topped out and are due for a pull back and it happened this week. Aspen is now testing the 50ema support at 7000c and for medium term investors could prove to be a fair entry level as this is off the high of 7350 or so and provides an opportunity to enter with a 5% discount. It may be early however. Consider confirmations...
GOLD Futures reached $1145 and beyond in the recent rally discussed from $1075 low. The dollar yoyo effect is playing havoc with short term position calls so it is best to wait it out until the dust settle and take the next swing position as it comes.
Keep an eye on TECH stocks.
Best stock trading this quarter.
Financial & Investment Workshops, ebooks & financial freedom @ www.newsweek.co.za
Visit Aurora Global Markets for Global trading platform in equities, foreign exchange, commodities, precious metals and interest rates.
Showing posts with label kumba. Show all posts
Showing posts with label kumba. Show all posts
Wednesday, January 13, 2010
Thursday, December 3, 2009
I’ve done some calculations you will find amazing! You can’t miss out on this opportunity to see how much money was made over the last 3 days!
It will only take about 1 minute for you to go over the basic stock market money PROFITS set out below!
…SPECIAL UPDATE EMAILED ON 27TH NOVEMBER @10H30
Our special stock market update sent during the morning of the 27th November stated the following:
"We find the market selling off in droves today as we discussed at the meeting this week and in our newsletter and update earlier mid week..."
"Kumba has pulled back to the neck line of 25000 odd. Keep an eye on this level this afternoon for signs of hammers."
"Similar with Northam @ 20ema and 50ema, Lonmin @ 20ema (R209) with 50ema as critical."
"ALSO watch Anglo American now at 10ema and other RESI and base metals shares. Watch Pharmaceuticals, Industrial and Technology sector based shares as these sectors show highest strength on the market. PSG 20ema is 2429c however this share is thinly traded. Line support of the old high is 2353c."
"Exxaro is at the entry price of the moving average convergence of 9030c again."
In addition, the global indices like S&P 500, Dow Jones, FTSE100 and DAX would also be excellent buying opportunities!
What price are they now?
Northam entry @ 3900 - price as at close of 2nd December at 4198 (7.6% in 3 days)
Kumba entry at 24700 - price as at close of 2nd December at 26500 (7.3% in 3 days)
Lonmin entry at 20900 - price as at close of 2nd December at 23201 (11% in 3 days)
PSG entry at 2429 - price as at close of 2nd December at 2431 (no move in 3 days
Standard Bank at 9300 - price as at close of 2nd December at 9724 (4.3% in 3 days)
Anglo American at 31000 - price as at close of 2nd December at 33164 (7% in 3 days)
Exxaro at 9100 - price as at close of 2nd December at 9230 (1.8% in 3 days) but it did got to 9560 on Tuesday (5%)!
How Much Money was MADE by our Wealth Club Members?
If you were trading with any geared instruments like CFDs, Single Stock Futures or Spreads you would have an average of 5.5% profits (including only 1.8% in Exxaro although we closed at 9500) if you took all of the trades listed above.
For every R5000 you had traded you now have R2500, less brokerage of estimated R500, per stock traded. In essence in 3 days you would've made R2000 for R5000 you traded in the stock market since Friday 27th!
That's a whopping 40% profit in just 3 days - That's just 1 way you make money on the stock market!
In just 3 days, using our Wealth Club Subscription newsletter, you not only made money enough to pay for a year's Wealth Club membership but much more money for yourself! How much is that worth to you?
What if we can help you do this every month? Subscribe now to Wealth Skill's Club! Or come on our stock market courses or enquire about our personal trading coach programme or our stock broker / prop dealer consultancy!
Bear in mind that some of these positions will be held by our Medium Term Investors as wealth creation tools for at least a few weeks to a number of years! The above scenario illustrates opportunities for short term traders and may not reflect on future earnings. Trading is risky. Returns are not guaranteed. Understand your risk and ensure you trade with money you can afford to lose.
Trade well, not often!
All the best investing this quarter,
Financial & Investment Workshops, ebooks & financial freedom @ www.newsweek.co.za
Visit Aurora Global Markets for Global trading platform in equities, foreign exchange, commodities, precious metals and interest rates.
It will only take about 1 minute for you to go over the basic stock market money PROFITS set out below!
…SPECIAL UPDATE EMAILED ON 27TH NOVEMBER @10H30
Our special stock market update sent during the morning of the 27th November stated the following:
"We find the market selling off in droves today as we discussed at the meeting this week and in our newsletter and update earlier mid week..."
"Kumba has pulled back to the neck line of 25000 odd. Keep an eye on this level this afternoon for signs of hammers."
"Similar with Northam @ 20ema and 50ema, Lonmin @ 20ema (R209) with 50ema as critical."
"ALSO watch Anglo American now at 10ema and other RESI and base metals shares. Watch Pharmaceuticals, Industrial and Technology sector based shares as these sectors show highest strength on the market. PSG 20ema is 2429c however this share is thinly traded. Line support of the old high is 2353c."
"Exxaro is at the entry price of the moving average convergence of 9030c again."
In addition, the global indices like S&P 500, Dow Jones, FTSE100 and DAX would also be excellent buying opportunities!
What price are they now?
Northam entry @ 3900 - price as at close of 2nd December at 4198 (7.6% in 3 days)
Kumba entry at 24700 - price as at close of 2nd December at 26500 (7.3% in 3 days)
Lonmin entry at 20900 - price as at close of 2nd December at 23201 (11% in 3 days)
PSG entry at 2429 - price as at close of 2nd December at 2431 (no move in 3 days
Standard Bank at 9300 - price as at close of 2nd December at 9724 (4.3% in 3 days)
Anglo American at 31000 - price as at close of 2nd December at 33164 (7% in 3 days)
Exxaro at 9100 - price as at close of 2nd December at 9230 (1.8% in 3 days) but it did got to 9560 on Tuesday (5%)!
How Much Money was MADE by our Wealth Club Members?
If you were trading with any geared instruments like CFDs, Single Stock Futures or Spreads you would have an average of 5.5% profits (including only 1.8% in Exxaro although we closed at 9500) if you took all of the trades listed above.
For every R5000 you had traded you now have R2500, less brokerage of estimated R500, per stock traded. In essence in 3 days you would've made R2000 for R5000 you traded in the stock market since Friday 27th!
That's a whopping 40% profit in just 3 days - That's just 1 way you make money on the stock market!
In just 3 days, using our Wealth Club Subscription newsletter, you not only made money enough to pay for a year's Wealth Club membership but much more money for yourself! How much is that worth to you?
What if we can help you do this every month? Subscribe now to Wealth Skill's Club! Or come on our stock market courses or enquire about our personal trading coach programme or our stock broker / prop dealer consultancy!
Bear in mind that some of these positions will be held by our Medium Term Investors as wealth creation tools for at least a few weeks to a number of years! The above scenario illustrates opportunities for short term traders and may not reflect on future earnings. Trading is risky. Returns are not guaranteed. Understand your risk and ensure you trade with money you can afford to lose.
Trade well, not often!
All the best investing this quarter,
Financial & Investment Workshops, ebooks & financial freedom @ www.newsweek.co.za
Visit Aurora Global Markets for Global trading platform in equities, foreign exchange, commodities, precious metals and interest rates.
Monday, November 23, 2009
Dollar Weakens & Commodities Rally!
Dollar Weakens & Commodities Rally!
It's not entirely what I was expecting but the global markets seriously rallied today after the dollar took a pounding (ahem, excuse the pun)!
With that being said about commodities rallying, GOLD hit a new high again and is well on its way to my medium target of $1350! So hold on to the rodeo horse cos it's going to be a fun ride!
My favourite share of the moment, Kumba also closed up very strongly today. I missed the entry at 25000 by R1.00 on Friday with my automatic order in the system. Sometimes you get the trade, sometimes you don't. It would've been a fantastic entry however as the share closed R9.00 up from low of Friday.
Also, Anglo American and PSG were good trades today and I like the look of Datatec too. There is some convergence of the moving averages on that chart.
Platinum also pulled back on Friday and although it didn't quite reach my support level it certainly did weaken considerably. It gave entries to my other favourites Lonmin and Northam platinum. Both up on the day with Lonmin moving over R10 to the good which puts it at about 5% for the day. Can't complain!
Short term trading can still be exciting on day's like this when the markets run in your favour and you know you going to bank some serious profits over the next day or two. Stock market trading is not supposed to be a full time job. Learn to take short term trades with high profitability over time with consistent success!
Do this and you write yourself cheque for life! And you can enjoy life with some stock market trading inbetween!
Trade well, not often.
Financial & Investment Workshops, ebooks & financial freedom @ www.newsweek.co.za
Visit Aurora Global Markets for Global trading platform in equities, foreign exchange, commodities, precious metals and interest rates.
It's not entirely what I was expecting but the global markets seriously rallied today after the dollar took a pounding (ahem, excuse the pun)!
With that being said about commodities rallying, GOLD hit a new high again and is well on its way to my medium target of $1350! So hold on to the rodeo horse cos it's going to be a fun ride!
My favourite share of the moment, Kumba also closed up very strongly today. I missed the entry at 25000 by R1.00 on Friday with my automatic order in the system. Sometimes you get the trade, sometimes you don't. It would've been a fantastic entry however as the share closed R9.00 up from low of Friday.
Also, Anglo American and PSG were good trades today and I like the look of Datatec too. There is some convergence of the moving averages on that chart.
Platinum also pulled back on Friday and although it didn't quite reach my support level it certainly did weaken considerably. It gave entries to my other favourites Lonmin and Northam platinum. Both up on the day with Lonmin moving over R10 to the good which puts it at about 5% for the day. Can't complain!
Short term trading can still be exciting on day's like this when the markets run in your favour and you know you going to bank some serious profits over the next day or two. Stock market trading is not supposed to be a full time job. Learn to take short term trades with high profitability over time with consistent success!
Do this and you write yourself cheque for life! And you can enjoy life with some stock market trading inbetween!
Trade well, not often.
Financial & Investment Workshops, ebooks & financial freedom @ www.newsweek.co.za
Visit Aurora Global Markets for Global trading platform in equities, foreign exchange, commodities, precious metals and interest rates.
Thursday, November 19, 2009
Global markets at resistance
"Global markets at resistance" was the main heading for my recent issue of Stock Market Outlook, a trading newsletter I write for a club membership database on a weekly basis.
This weekly investment newsletter and trader's update focuses on the global indices, global commodities and then local stocks in South Africa as well as the Resources index and FINDI index.
I spoke about trading KUMBA Iron Ore last week Monday when it opened at 23200 and ended up at 26600 yesterday. Only 8 days to achieve over 10% return! That's no playing around! It's also not geared either. My medium term target for Kumba is 32000.
I was long of S&P 500, Wall Street and DAX last week to close near the highs of the top of the channels on these indices.
This week, the focus was off the stock markets and onto gold again. After sitting on $1000 it rallied back to my target of $1150within a very short space of time.
Now I wait for the global markets to settle at or near their support levels on the channel. Once this happens which should be by early next week I will be taking short term trades in the stock market again.
As the dollar weakens, commodities will rise. It is a patient game waiting for the dollar to turn, find resistance in its decline and then continue its downward movement. It is the opportunity to take longs on commodities again and stocks that mine those commodities.
It's fascinating but there's always something to learn.
Short term trading is't all its cracked up to be. People have a romantic disbelief about how exciting it is. The reality is that trading is mostly boring and repetitive.
It's a great hobby for retired persons and people who have wads of money. It is NOT for someone trying to replace their job.
Some people however, can find the happy medium of having a job and being patient while waiting for the trades to come. Building confidence in their trades but also mental discipline. Lastly growing their portfolio size over time like a professional golfer.
Support levels on the S&P 500 are 1093 in the short term. For the DOW it be 10100. The DAX is around 5400. KUMBA support is 24900 but could extend to 24400 odd intraday before closing on a hammer candle formation as example.
Watch the dollar. Keep an eye on the Baltic Dry Index. Copper is also a good early indicator as prices start to edge up.
Have a great trade,
Warrick
Financial & Investment Workshops, ebooks & financial freedom @ NEWSWEEK
Visit Aurora Global Markets for Global trading platform in equities, foreign exchange, commodities, precious metals and interest rates.
This weekly investment newsletter and trader's update focuses on the global indices, global commodities and then local stocks in South Africa as well as the Resources index and FINDI index.
I spoke about trading KUMBA Iron Ore last week Monday when it opened at 23200 and ended up at 26600 yesterday. Only 8 days to achieve over 10% return! That's no playing around! It's also not geared either. My medium term target for Kumba is 32000.
I was long of S&P 500, Wall Street and DAX last week to close near the highs of the top of the channels on these indices.
This week, the focus was off the stock markets and onto gold again. After sitting on $1000 it rallied back to my target of $1150within a very short space of time.
Now I wait for the global markets to settle at or near their support levels on the channel. Once this happens which should be by early next week I will be taking short term trades in the stock market again.
As the dollar weakens, commodities will rise. It is a patient game waiting for the dollar to turn, find resistance in its decline and then continue its downward movement. It is the opportunity to take longs on commodities again and stocks that mine those commodities.
It's fascinating but there's always something to learn.
Short term trading is't all its cracked up to be. People have a romantic disbelief about how exciting it is. The reality is that trading is mostly boring and repetitive.
It's a great hobby for retired persons and people who have wads of money. It is NOT for someone trying to replace their job.
Some people however, can find the happy medium of having a job and being patient while waiting for the trades to come. Building confidence in their trades but also mental discipline. Lastly growing their portfolio size over time like a professional golfer.
Support levels on the S&P 500 are 1093 in the short term. For the DOW it be 10100. The DAX is around 5400. KUMBA support is 24900 but could extend to 24400 odd intraday before closing on a hammer candle formation as example.
Watch the dollar. Keep an eye on the Baltic Dry Index. Copper is also a good early indicator as prices start to edge up.
Have a great trade,
Warrick
Financial & Investment Workshops, ebooks & financial freedom @ NEWSWEEK
Visit Aurora Global Markets for Global trading platform in equities, foreign exchange, commodities, precious metals and interest rates.
Monday, March 9, 2009
Alsi & Market update
After a fun-filled afternoon on Friday with our market rallying after the US unemployment figures came out, it was a great way to end the week!
The SNP 500 closed down below the critical 700 level as I discussed it could last week. This bodes well if you can short the local stock market. It doesn't give me a warm fuzzy feeling about our local rally or bounce right now except for one thing: Resources.
The ALSI created a bullish engulfing candle formation at the close on Friday. This gives some impetus to the weak going forward being bullish. There is also positive divergence on the stochastic.
The trouble is that the ALSI is made up of the financials and resources. The financials are being hit pretty hard and so if the resources don't rally hard the ALSI could take a tumble.
The Resources opened fairly negative this morning with DRD gold being a star performer again last week seconded by Anglo Gold and Anglo American. Silver has the potential to trigger a falling wedge formation and therefore suggests further upside in gold this week.
After the gap in DRD however I suspect it may be exhausted. We may see a retest to the old high of 950c before it goes to close the gap at 887c. Be aware that the candle chart is showing a potential double top formation on DRD.
Grindrod, is certainly making a go of it. As we discussed late last week, the chart was looking very oversold. The assessment was to look to buy it at 1126c with a stop loss at 1100c and at worst case 1080c. This is with a view to take a short term trading profit of around 106c and a swing trade profit in equities at say 1303c. Note that this trade is against the overall trend as Grindrod is below its 89 moving average.
Yes and so it happened. The market fell out of bed from 9h45 with a great 200 point drop on the ALSI. I grabbed 160 of them and that's why the delay in this post this morning... I went short at 9h45 and was out at 10h10.
We are holding an investor's club meeting tomorrow night at Wanderer's Sports Club. You're invited to come along. Visit www.wealthskills.co.za for more info.
Our Financials & Industrials index is falling like a hard rock in a big pond. This combined with the fallign resources will cause havoc on our local stock market - at least for the Monday morning session.
Resources seem to be following suit after the Financials heading south. Anglo Gold and DRD seem to be holding out as well as Grindrod. Watch these shares this week. Kumba opened way down today and is probably following a drop in copper prices. This will have an effect on Billiton, Anglo American, Metorex and other copper miners.
Trade well, not often.
Financial & Investment Workshops, ebooks & financial freedom @ www.newsweek.co.za
The SNP 500 closed down below the critical 700 level as I discussed it could last week. This bodes well if you can short the local stock market. It doesn't give me a warm fuzzy feeling about our local rally or bounce right now except for one thing: Resources.
The ALSI created a bullish engulfing candle formation at the close on Friday. This gives some impetus to the weak going forward being bullish. There is also positive divergence on the stochastic.
The trouble is that the ALSI is made up of the financials and resources. The financials are being hit pretty hard and so if the resources don't rally hard the ALSI could take a tumble.
The Resources opened fairly negative this morning with DRD gold being a star performer again last week seconded by Anglo Gold and Anglo American. Silver has the potential to trigger a falling wedge formation and therefore suggests further upside in gold this week.
After the gap in DRD however I suspect it may be exhausted. We may see a retest to the old high of 950c before it goes to close the gap at 887c. Be aware that the candle chart is showing a potential double top formation on DRD.
Grindrod, is certainly making a go of it. As we discussed late last week, the chart was looking very oversold. The assessment was to look to buy it at 1126c with a stop loss at 1100c and at worst case 1080c. This is with a view to take a short term trading profit of around 106c and a swing trade profit in equities at say 1303c. Note that this trade is against the overall trend as Grindrod is below its 89 moving average.
Yes and so it happened. The market fell out of bed from 9h45 with a great 200 point drop on the ALSI. I grabbed 160 of them and that's why the delay in this post this morning... I went short at 9h45 and was out at 10h10.
We are holding an investor's club meeting tomorrow night at Wanderer's Sports Club. You're invited to come along. Visit www.wealthskills.co.za for more info.
Our Financials & Industrials index is falling like a hard rock in a big pond. This combined with the fallign resources will cause havoc on our local stock market - at least for the Monday morning session.
Resources seem to be following suit after the Financials heading south. Anglo Gold and DRD seem to be holding out as well as Grindrod. Watch these shares this week. Kumba opened way down today and is probably following a drop in copper prices. This will have an effect on Billiton, Anglo American, Metorex and other copper miners.
Trade well, not often.
Financial & Investment Workshops, ebooks & financial freedom @ www.newsweek.co.za
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