Post for 1 Feb 2011 no1

Well the market has been threatening for some time to retreat as it was massively overbought.The creation of jobs in the USA is not taking place at a very fast rate at the moment,but as was expected more people were out of work in January as temporary year end jobs dried up as well.

Of course there jitters about unrest in the Middle East brought on by the recession ,but the main reason was probably that the markets world wide had run ahead of the rest of the recovery which is still in its infancy.

We in South Africa have the additional worry of the Rand weakening and it is probably not a good idea to go long till the Rand/Dollar stabelises and trades in a narrow band. As always the market over reacts. As always only my veiw .Do your own research before buying derivitives and keep short stop-losses upon them.We are not responsible for any errors or omissions.

OVERSOLD ARE;
AGL,AMS,ASA,BIL,EXX,IMP*,KIO,MTN,NED,SAB
IMP BROUGHT A BAD SENS THAT THEIR INTERIM DECLARATION IS LIKELY TO BE POORER THAN EXPECTED
SBK and SOL are showing signs of recovery OML is still rolling along at the top and might also be overbought at this time. There might be a recovery towards the middle of Febuary as resources are thenlikely to push the index higher as their results are showing dramatic improvements.

January Update no 2

Most of the majors are slightly overbought,but at the moment MOMENTUM in thie prices keeps them there and there is only small fallbacks in the Stoch then followed by some more gains.
ON 19/1/2011 TOPSKG IS +250%
TOPSKF IS +110% AND TOPSKV(put) -80% 


Near the top are  now,ACL,AGL,ASA,BIL,EXX,IMP,KIO,MTN,OML,SOL.

SHARES THAT SEEM TO OFFER A BUYING ;OPPORTUNITY FOR LONGS ARE'
NED is in the process of recovery
AMS HAS HAD CORPORATE ACTION and is still climbing
MTN APPEARS TO BE A BUY
MTN appears to be a buy
SBK is still a SELL and might turn next week.
REMEMBER TO DO YOUR OWN RESEARCH,ALSO REMEMBER ALL REMARKS ONLY PERTAIN TO WARRANTS SO ARE LIKELY TO PLAY THEMSELVES OUT IN SHORT PERIODS OF 15 DAYS OR LESS.ONLY MY OPINION
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Online Trading Academy Professional Trader Part 2 (Days 4-7)  //// 2009 BookOnline Trading Academy Professional Trader Part 1 (Days 1-3) 2009 Book
Online Trading Academy Professional E-Mini Futures Trader Course Book
Online Trading Academy Professional Forex Trader Course Part 1 Book
Online Trading Academy Professional Active Investor Course Book
Online Trading Academy Professional Trader Psychology Course Book

January Update no1

Well the new year is here and it has started on a positive note with the market continuing it its upward move started last month.AGL seems to be on steroids at the moment.Definitely the momentum share of the month,helped by them selling some devisions and retiring some of their debt,plus them being a laggard for the greatest part of last year,the largest  lagging resource share during last year.
All opinions are only my veiw and I take no responsibility for mistakes.
NOW FOR THE STOCHASTIC VEIW.
ASA,AGL,BIL,EXX,KIO,IMP,MTN,NED and SOL are all overbought.At this stage it is difficult to see any profit being made on PUTS as the down turns are very mild
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SBK,ACL and AMS are showing a negative REGRESSION line SO CAN BE CONSIDERED UNSUITABLE FOR INSTALMENTS.How ever ACL and AMS other indicators are showing a break from this line which is likely to lead them into positive territory.The STOCH SHOWS ACL,BIL OML ,SAB and AMS since August as OVERSOLD PERHAPS PRESENTING A BUYING OPPORTUNITY 
Remember to keep your stop-losses in place.
As far as the index warrants go since 25 May TOPSKF HAS GAINED 244% and since 11 Oct TOPSKG HAS GAINED 107% and AGL THIS MONTH has gained 41% I hope all warrant traders are happy!