Week of Aug 20th, NK225 & S&P500
Click to enlarge:
S&P500: S&P is now in a bull trend, confirmed by both the weekly and monthly MACD Hist.
Next target is 1329 (Sep Futures) if it stays above 1298 this coming week. The interest rate hike fear is out of the way and investors are focusing on earnings picture which most of the S&P 500 companies are performing better than expected.
Nasdaq is not shown above, but seminconductor sector leads the Nadsdaq recovery. The strong rally last week may continue in the following weeks and provide more upside potential for the broadmarket.
Nikkei 225:
Nikkei is enjoing the bull trend since middle of June and looks likely to continue.
Big Picture: Long Term has changed (monthly)... Bullish....(The May low is now the higher low on the monthly chart.
Medium term: Weekly Bullish
Short term: Daily Bullish
Technicals: FTSE, SPX Nikkei, ASX, Weekly MACD Histogram (WMH) - still UP (bullish),
Trading ideas :(please apply your risk management rules in all trades)
Writing Options: Coffee (OTM Puts)
Futures: Short Lean Hog, Short Feeder Cattle
Options: SLB (long calls), SIRI (Long calls)
posted by "Frank" at Sunday, August 20, 2006
14 Comments:
Hi Frank,
I read on today Sundaytimes and decided to write to you.
Just like you, I am engineer by training with MBA (Finance) from NTU.
I am contemplating to enrol for Mirriam Macwilliams Option trading course. I knew you attended her course. This is my first step. Hope you can comment.
Thanks.
Jim
Hi,
I've read about your success on the Sunday Times today. Happy for you that you are doing so well. I have read Jim Rogers book about commodities and am interested to learn more. So far, I've dabbled into Gold only and was burnt HAHAHA :D But it was a great lesson learnt. Will you share your trading ideas in commodities. In my humble opinion, a substantial amount of cash is required when investing in Futures. Please comment.
Hi Frank,
Like everyone else, I read about this blog in the papers and wanted to write to congratulate you on your decision to trade professionally.
I have been trading "actively" with my e-trade accounts for 3 years and had moderate success. What I mean is that I do not have the guts to trade professionally (yet). However, I had not been as successful with options and futures trading. I have not done any commodities trading excepting oil and gold (gold miners to be precise).
So I look forward to learning from you and other contributors and hope that the blog will grow into a great community of traders/investors wanting to exchange ideas.
All the best
hoong
Hi frank,
like many others, i have read about you on the papers. Well, i know nothing about trade commodities and stock, never try them before either. Maybe you can share and enlighten me on how i can start and go about with it.
cheers
zac
HI frank,
sorry, forgot to leave my email, zacfang02@hotmail.com
look forward to hear from you...
cheers
zac
Hi Frank,
read about you in the Sunday Times and it was very inspiring! I looked thru your blog and looks very techincal. It sounds like the starting capital required is substantial as well. Well, I have never traded in commodities before and would like to learn from you. WOuld be very grateful if you could share where i should start and how to go about it. Thanks.
my personal email address is spore2005@hotmail.com
kind regards,
diane
Hi Frank,
Amazing, so many like minded investors wrote to you since yesterday.
Forgot to attach my contact earlier.
My email: ccwu@pmail.ntu.edu.sg
Await your reply.
Jim
Hi there,
Thank you for providing this information to the public. It is very big of you.
Winston Chan
chanwinston@yahoo.com
PS. Unlike the usual kind of posts, I'm not asking for any help whatsoever. I'm only writing to offer my thanks that you have decided to freely provide your knowledge online. Although I'm a novice at investing, I understand that also people need their space, so even if I have any questions, I'll try to find out it out online by myself. I intend to continue reading your archives and current blogs to acquire some knowledge in your area of expertise.
Hi Frank,
Congrats! You made it, but just curious, in % term per yr, what is your track record over the past 15 yrs?
The paper says you can make 6-8% per mth, which means close to 100% in one year. If you have made 100% return per yr for 15 yrs, you should be in Guinness Book of Record.
It's kind of personal info, will respect your decision if you choose not to disclose. Thanks!
I am more of a value investing guy, my blog at
http://8percentpa.blogspot.com
Dear Frank,
I like to congratulate you on your success and wise move. I am interested to know how you did it.
Thanks,
Sapphire
unisapp@gmail.com
Hi Frank,
Read with interest your article in the Sunday Times. Just to congratulate you on going at it on your own. Would you mind sharing some of what you do with me, If so, please email me at dare2venture@yahoo.com. I am considering picking up commodity trading.
Hi Frank,
I would like to learn from you.Thanks.Please contact me.
Email:faizal74@singnet.com.sg
hi frank,
i'm Don. 23 this year. i too have read about you on the newspaper. i have no experience and little money but i do want to learn about futures. it there any sites or place u think that i can learn more about futures. i really want to put some money down and start learning asap. pls contact me if u are free. thx.
Tokyo_Neo@hotmail.com
Thx a lot.
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