Well, I have been published some stock market trends and some stock market picks from time to time. I found a few attractive stock market picks that is hard to resist. They are trading near to their 200d MA resistance and I believe they are going to fall soon based on technical analysis.
The reward/risk ratio are more than 2 and very attractive to me. Plus the major trend of these stocks are still down trending, so, it is now a best time to short. Therefore, I titled this post as “Please Do Not Read This if You Do Not Want Money”, it is a intended post only for those who like to make some money in the stock market.
Let’s check it out now!
After posting the rebound of Dow Jones at the beginning of the week, I mentioned that the Dow Jones, S&P500 and Nasdaq are all trading very near to the moving average resistance. I was predicting then that there was a possibility of retracement or correction coming soon.
Very soon, the market plunged on Monday. That’s the power of technical analysis as it can give us some information on the stock market trends and direction.
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.
