Refresh

Lost a week's post because of the deleted database on one of my subdomains (my fault).  Too bad since I was on a blogging spree due to the bountiful market last week, plus I had with me charts coming from COL.

Anyway, now I'm 75% cash ready for this week, hoping not to repeat my earlier mistakes of eagerly getting in the market. 

DOW-J ended favorably last Friday with a +130 on its scales.  It seems that PSE's market would still be on the rise tomorrow.  This would be good for my EDC as it has already surpassed break-even levels.  I should be ready on my exit which has been one of my problems last weekend.up:gucci handbags

EDC Chart via Citiseconline

 I'm looking at an exit @5.2 , but with the positive effect of DOW, I shall wait near the close.

General DS of FM has now issued his last free POW.  Though I have not been to dependent on it, I guess I should take advantage of his tips now while it's free and available. So far, I'm currently looking in the following stocks:

RFM:
-consistent long term uptrend
-still looking for more entry signals.  Might be a sideways to down on the short term.
-buy@1.79
-RSI = 61.6

PNB:
-#2 of DS' POW
-sideways to up trend
-buy below 42
-RSI = 54.7

Buy on the dips on Property Stocks:
MEG - 1.92 ; FLI - 1.17; ALI - 15.9

DMC - Reentry @21.25

Hard Exit

My portfolio is currently full having 4 different kinds of stocks and no more cash available for investment.  I allot 4 slots for my portfolio, but ideally I should hold on to 2 slots while half of my investment is cash.  Being cash ready would mean I can enter any stock that I would want to invest in especially when one goes cheap.up:gucci handbags

One of the major challenges in short term stock trading is knowing when to enter and exit.  Though I've decided to sell my ALI shares, it was unfortunate that with the drop of DOW, prices of shares went down.  Basically I'm currently stuck with all my shares now, waiting for the prices to go up again.

I've been holding ALI for almost a month now, bought it at a good price @14.25 and now it's current support is 15.25.  In hindsight, I should've sold it when it reached its short term resistance @15.8.  Now, it went down to support.

Seems like a major downtime for PSE today, currently 40 pts down as I write this blog.  Could've been a great time to buy.