Week of Oct 15th, ASX & Rough Rice
Click to enlarge:
Stock Index Corner: Australian All ordinary Index
This market has found a stong bottom and has moved up strongly since. The upside momentum looks set to continue.
S&P500:
Big Picture: (monthly): Bullish
Medium term (weekly): Sideways to Bullish
Short term (daily): Bullish
Do note that next few weeks of US corporate earnings annoucement may increase volatility of the markets and also some key economic data are released this week: CPI, PPI, Housing starts.
Major World Indexes
Weekly MACD Histogram (Medium term): FTSE, Nikkei, ASX - UP (Bullish)
Commodity Corner: Rough Rice
Technical:The daily of Rough Rice presents good setup for the shorts. The first likely support is 954 (Nov futures)
Trading ideas : (please do your own research and apply your profit/ risk management rules in all trades, please note except options writing, all the other trades may last just several days)
Writing Options: OTM Soy Meal Puts
Futures: Short Rough Rice
Stock Options: EXPE (long calls), EXPD (long calls)
posted by "Frank" at Monday, October 16, 2006
2 Comments:
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18th Oct 2006, Wed, 7-9pm
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Hi frank, I saw your interview on Straits Times and was very impressed by what you have acheived doing investing as a full-time job. To be totally honest, I hope to be like you one day but Im still an amatuer in investing. I hope you can tell me a thing or two on how I can start on investing like what should I do, which books to read, websites to visit or any seminars that I can attend. Kindly email me at samang1175@yahoo.com.sg. Thanks and hope to hear from you.
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