Just got an email from my student that traded the Dow Jones and Rex Intl. Both instruments she traded, she made $$ but more importantly, it was the skill which made her survive during this tough times where jobs were lost and economy is bad. It's during this volatile market that $$ can be made easily using because of the big swings which allowed for high reward in the Dow Jones. In the Singapore market, the market today moved high up first and soon later in the late hours, the market reversed and tumbled again. I was glad to see trade records and profits from Rex Intl since this is the only penny stock with good trading range.
In the daily chart, Rex Intl looked not bad and looked like it wanted to reverse up while in the 5 minute chart, there was this trading range which looked very beautifully setup waiting for a catalyst to move a stock. For this stock to move higher now, a catalyst is needed and oil price needs to turn higher up first and hence it's currently in a trading range in the 5 minute chart because traders were indecisive where the market is moving. Some stocks turned up today too like the slow couch Thomson Medical which recorded 15% and also Hi-P and Yzj which withstand the strong selling force. Let's see how much more the market is coming down before a real turn happens.
Ronald K -
Market Psychologist -
A Stock Market Opportunist
