Be Selective on Any Rise

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BE selective should you decide to jump bandwagon. I didn’t find anything convincing other than a technical rebound so I would rather be careful. I generally look for 30mins “dust settle” time before making a decision (exception do exist).

  • CROX did wonderful. It will find support in $40 area and may bounce with a overhead resistance around $45.
  • Gold has been on the rise for long. It may find temporary resistance at around 850-870, an all time high achieved in 1980s, not before that.
  • Be on lookout for XFML, announce great set of results and increased the guidance. Only one of the few chinese stocks that are trading well below IPO Price. I am long XFML and you may read more for my perspective on this, why?
  • MA was under pressure y’day due to whole financial sector (but didn’t lose much). I expect it to bounce with the market’s rise. $195-$198 is a breakout area.
  • ADM beats estimates, so gap-up.
  • Oil is up and so is gold. Metal stocks may shine (BHP, FCX, PCU, XLB)

Cheers and have fun, profitable trading, OP






One response to “Be Selective on Any Rise”

  1. […] Be selective on any rise, (Nov 6), mentioned not to be trapped by any rally. Rally didn’t happen. […]

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