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I closed my McDonalds short position yesterday but the stock kept diving today. Well, am I feel upset why I cover the short so early? Honestly, I do. But, there is always win or loss in stock market trading, still I did made some little money on McDonald, just that not that much. Compared to loss, I am far better

I am still holding on to another 2 short positon now, they are Lorillard & Airtran Holdings. I just checked my portfolio, I have a profit between 7% - 11% and I am still riding on the down trend.

Ok, let’s focus back to today stock market picks. I found another interest stock counter to look at again using the trading system I back tested earlier. I am now doing some forward testing by bring the system to test in the real stock market.

As I mentioned earlier that I have covered back my McDonalds short position, while I am still holding on to the other two short position that I have - they are Lorillard & Airtran Holding.

Let’s just have an update by taking at their stock chart now!

My last stock picks on Singapore stock market was Parkway and Yanlord. I have seen Singapore stock market has also going bearish today after the market condition seems to deteriorate in US.

I will not do a through analysis on each stock today as I am a bit tired. However, I will just post them here or your reference such that you can take a deeper look into the following stock picks of the day on Singapore stock market.

While during the election day last week, I spotted McDonalds that it is trading very near to the resistance level, I initiated a short position with a stop loss.

I opened a total of 3 short positions last week, they are McDonalds, Lorillard & Airtran Holdings Inc. I decided to cover my McDonalds short position today.

As I mentioned yesterday that I was doing some back testing on some trading systems and I was surprised to see that one of the trading managed to achieve 60% ROI in merely 4 months period. I am now doing some optimization and sentivity analysis before I finalize and publish the result to share with you.

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We have seen that the US Dow Jones market trends is heading downwards. S&P500 & Nasdaq is also having the same bearish pattern as well. The US down trends will definitely spill over to the Asian market soon.

I am looking at some stock picks on Singapore market today. I have found Parkway and Yanlord offering good reward/risk ratio.

Obama has finally won the US presidential election to be the 44th president and the first African American to get into the white house. The Asian stock generally reacted positively to the news, but Europe and US market seem to be in the red as I am writing this post. There might be some profit taking action going on.

Do you think the rally will still last? What is my stock pick today?

US is holding their presidential election today. We have seen a rally in the US markets since last week and many people believe that is so called presidential election rally. Obama fights against McCain. It is also one of the historical moment for American as they either elect the first African American or the first oldest president elected to a first term.

Where to you think the stockmarket will head to?