Confirm rally?

There is already news in the air that market is in confirmed rally mode. Many big pundits are out with the news. I will be updating the market monitor and my analysis later today.


VED was in DT scan yesterday and it is risen by almost 7% today. The stock may rally and go up to £25. I would recommend buy on weakness as it has rallied for last two days.

Raj

Market Update - 29 Nov 2007

Market rallied yesterday and there was a late rally today. Some of this was due to the speculation of another possible rate cut by Fed. 65 days ratio is still red so trade with caution preferabbly with lower profit margins.

Double trouble candidate for 28/11/07
EDD
FOGL

Double trouble candidate for 29/11/07
EMED
IDOX
PHC
VED

VED seems to be ticking all boxes of DT. The volume was ver high.

Market update 27 Nov 2007

There was no follow through for the high volume breakouts from yesterday list. Market monitor is still showing correction phase. There was some follow through on some stocks but the volume is not very encoraging.

Here is the list from todays scan. Some of these had exceptionally high volume.

BARC
BNH
DLAR
FIF
PMO

There is no candidate for DT today.

4% breakout on high volume

The scan came up with 18 stocks but I have narrowed down to following list based on volume. These share are worth a look. I will monitor these stocks for next day or two to study how these breakouts behave.

CKSN
ITM
MGNS
NRK - Nothern rock. Even a granny knows about this now.
PAG - Another casulty of sub prime.
SGI
TRC
WG

Market Update - 26 Nov 2007

A rally on Friday and today morning faded by end of day. Thanks to HSBC who revealed plans to prop up its sub-prime arms.

There is more bad news from ECB as it plans to pump in more money in the financial market. Housing market is not helping either. All doom and gloom in US market may impact the economy in India and China and this negative sentiment is causing the slide in the mining shares. Commerical property and banks are following the trend.

There are few candidated in DT scan but none of them worth mentioning here. The volume is very low.

Market Update - 22 Nov 2007

Market still seems in correcttion mode. With reading toching exteremes, chances of a bounce are increasing.

Even in this volatile market, sectors like Utilities and Healthcare are doing well,

For people who want to invest long term, here are few stocks worth having a look

National Grid
GlaxoSmithkline
AstraXenca
Northumbria waters

There are no candidates for Double Trouble scan today.

Market Update - 20 Nov 2007

After a brief busy period at personal front, here is update for today.

Market monitor is still shows correction mode. After making some losses due to some hasty decisions, I am finding it really difficult to control my nerves. This is normal as after a period of activity it is difficult to keep quite. However I am following my mentors advise and I am currently in capital protection mode. I have only one commitment. I am waiting for market to turn around. Even though a rally looks around the corner, it may take some time to build.

Currently there is lot of negative sentiments in air. Housing market, bad debt, banks, economy slowing down, retail sales down, high interest rate etc. Once the market stabilises, our methods should help to make some sustantial gains.

DT Scan:
Candidate: SNR - Volume is not very encouraging otherwise looks good on charts.

Double Trouble Scan - 14 Nov 2007

GMG - Focus this one. It is ticking most criteria of DT.
SCHE - Wait for 20 days weakness on this. It is close to all time high.

Start of another bull rally?

Market monitor reading are turning on postive side. 65 days ratio is about to turn. This could be start of another rally. Watch this space for next few days.

AIM STUDY IDENTIFIES KEYS TO MARKET'S SUCCESS

The returns on the stocks listed on Alternative Investment Market (AIM) is very high but so is the risk. If you carefully study the share and apply right principles, you can make some good returns. A recent study of London School of Economics and Political Science (LSE) has some interesting finds. Read the full report.

DT Scan for 13 Nov 2007

TAN - http://moneycentral.msn.com/companyreport?Symbol=GB%3aTAN

- Profits up by 200%


Today might be start of another rally. It will be confirmed in next few days.

Market Roundup - 12 Nov 2007

It has been very volatile since last Thurday. There have been some erratic moves. Miners which were making solid gains until friday were all in red today. It was other way round for banking shares.

Double trouble candidates
- none

Virgin
AMC.L
BES.L
IBB.L
JSG.L
LNR.L
PGD.L
QQ.L
REH.L

RareHighTightFlag Candidates

AAZ.L
AGLD.L
BNK.L
BODI.L
BRR.L
GFF.L
LEG.L
MDC.L
MTV.L
OSS.L
PLW.L
PLX.L
PPR.L
RAF.L
RVD.L
SFX.L
SNX.L
SOLG.L
TEO.L

Market Update - 07 Nov 2007

Market monitor is flashing alert. However commidities related stocks specially oil and gold are breaking through. One of the stocks I have been following since its breakout on Monday is SOLG http://moneycentral.msn.com/investor/research/newsnap.asp?Symbol=GB%3aSOLG. It share price is almost doubled today. Interesting it cameup in 4% breakout scan on Monday and it has come up in Virgin scan for today.

Double Trouble candiates.
-None

Virgin
MBK.L
CGNY.L
CSH.L
SOLG.L
SNX.L

Look for SOLG.L and SNX.L on Thursday. I am seeking some position in SOLG when market opens on Thursday.

Market Update - 06 Nov 2007

Double Trouble Candidates

FOGL.L
ITK.L
STBR.L

Virgin scan
FOGL.L
IMP.L
MTV.L
OPM.L
PAA.L
PELE.L
PPR.L
PXS.L
RIFT.L
TPH.L
VOG.L

RareHighTight Flag

AAZ.L
AGLD.L
ANTP.L
SOLA.L
SRV.L

Market Monitor

Market Monitor has been showing caution for last 2 days. However 65 days ratio is still positive. Trade with extra caution.

Double Trouble Candidates 02 Nov 2007

COP - http://moneycentral.msn.com/investor/research/newsnap.asp?Symbol=GB%3aCOP
-- Yet to be analysed
PANR - http://moneycentral.msn.com/investor/research/newsnap.asp?Symbol=GB%3APANR
-- Yet to be analysed
EROS - http://moneycentral.msn.com/investor/research/newsnap.asp?Symbol=GB%3AEROS
-- Yet to be analysed
PHC -- http://moneycentral.msn.com/investor/research/newsnap.asp?Symbol=GB%3APHC
-- Yet to be analysed.

Double Trouble Candidates for 01st Nov

These candidates are based on EOD data for 31st Oct 2007


GMG - http://moneycentral.msn.com/detail/stock_quote?Symbol=GB%3AGMG
- Good growth rate
ORI - http://moneycentral.msn.com/detail/stock_quote?Symbol=GB%3AORI
- No catalyst

Market on 01 Nov

Banks led the FTSE into red on Thursday. Here is an excerpt from email newsletter

"Big losses for the banks following a downgrade for Citigroup sent Footsie spinning into the red by the close. Citigroup could have to cut its dividend, sell assets or raise new funds to restore its capital base according to CIBC World Markets. Barclays, Northern Rock, Lloyds TSB, HSBC and HBOS all slumped in sympathy despite last night’s cut in US interest rates. "

Methods Triumph

Intially when I started trading, I use to buy/sell stocks based on news, broker tips or based on top movers for the day. Soon I realised that you can make money this way sometimes but most of the times you will loose. Here are few reason:

1. Tip from a news paper: By the time the news comes out in news paper, the stock has already priced in the good news. So it is already late as you have missed the rally. Sometime it may rally a bit as most novice traders will try to buy the share based on the tip.
2. Broker recommendation: By the time brokers recommendations comes out into the publc domain, large institutions have already bought their share. So again the news is already priced in.
3. Top movers of the day: Again the shares have already rallied by the time you look at your favourite website for topmovers. Ideally you should have bought this share a day before.
   

This is where methods comes into rescue. If you have right methods and sound principles, you will be able to pick up share before they make a major move and catch them on the way up.

Some of the principles I use or am learning are

1. Double Trouble : This scans for shares which have doubled in last one year and have a potential of further growth. The scan along with any latest news like earnings or new contract gives you a narrow list of stock. Not all the stocks in this list rally but chances are high.
2. Virgin: This scans for shares which have been neglected since thier IPO.

You can find more information on above scans at www.stockbee.net or stockbee.blogspot.com