Market is currently in resistance zone and has managed to stay near TOP area for past week. Breaking through the resistance zone might need strong push which may not be easy, hence be cautious. Whats is in store for us?
After a massive dip in August of this year, market is back to making NEW HIGHs. However, it has to cross through the resistance which is in place from 2008 and could NOT be broken in 2010. Will it be any different this time? They say 3rd time is a charm...
How are our identified stocks doing so far!!!
The idea of this section is not to "pick stocks" but rather educate on how to pick Stocks with appropriate risk management, so that we can benefit from gains as well as cut short our losses.
New candidate are added to our watch list this week...
Market has surprisingly managed to get back to OLD HIGHs and hitting right against resistance zone. This is the fifth time from beginning of this year, market is trying to break through this area. ONLY time will tell if it will be successful this time!!!
Market is desperately trying to hold current levels in the middle of important global events. So far this year, market has managed to stay in a wide range (5400-6200) and could NOT break through the resistance. How much longer can this continue? What shall we expect in near term!!!
Just like all of you, hard working and trying to make a better living.