Announcements

Project 100 will start again in January.

10 clients per month as usual.

Contact me for more info

Thursday, May 1, 2008

Fed Cuts Again... Watch Out

April 30 (Bloomberg) -- The Federal Reserve lowered its main interest rate by a quarter of a percentage point to 2 percent, the seventh cut since the onset of a global credit squeeze that's eroded economic growth. ``The substantial easing of monetary policy to date, combined with ongoing measures to foster market liquidity, should help to promote moderate growth over time,'' the Federal Open Market Committee said in a statement after meeting today in Washington. ``The committee will continue to monitor economic and financial developments and will act as needed to promote sustainable economic growth and price stability.'' While a nine-month contraction in credit and soaring fuel prices have pushed the economy to the edge of recession, confidence has begun to return to financial markets. Inflation expectations are also picking up, driven by near record prices for oil and higher food expenses. ``Financial markets remain under considerable stress, and tight credit conditions and the deepening housing contraction are likely to weigh on economic growth over the next few quarters,'' Chairman Ben S. Bernanke and his colleagues said in the statement. Oil prices marched to another record high of $119.93 a barrel on April 28. The Fed said indicators of inflation expectations have risen. ``The committee expects inflation to moderate in coming quarters, reflecting the projected leveling- out of energy and other commodity prices and an easing of pressures on resource utilization,'' the Fed added. ``It will be necessary to continue to monitor inflation developments carefully,'' the Fed said. Uncertainty about prices ``remains high.'' At the same time, the economy is faltering. Hours before the Fed decision, the Commerce Department reported that gross domestic product increased at an annual pace of 0.6 percent last quarter. Spending by households, the biggest part of the economy, grew at the slowest pace since 2001, when the U.S. economy was in a recession. Discount Rate The Fed Board of Governors also voted to lower the discount rate, the cost of direct loans from the central bank, to 2.25 percent. Officials reduced the normal 1-point spread over the federal funds rate in August to a half point to ease liquidity constraints. They further narrowed the difference on March 16, in the first weekend emergency move since 1979. Dallas Fed President Richard Fisher and Philadelphia Fed President Charles Plosser dissented from today's decision, preferring no change. They also objected to last month's reduction. Central bankers have reduced the interbank lending rate 2.25 percentage points in 2008 with a series of aggressive rate actions, including two three-quarter point cuts and one half- point cut prior to today's move. In addition, the Fed resorted to an emergency authority in March and opened a direct loan window for investment banks. Creaking Into Life The actions have reduced risk premiums for financial firms, and stock prices have climbed since the previous Fed meeting on March 18. The Standard & Poor's 500 Index has rallied since Fed officials last met. Yields on five-year obligations of Fannie Mae, the largest U.S. mortgage company, have fallen to 0.56 percentage points over Treasury notes of similar maturity, down from 0.90 percentage point. ``Credit markets seem to have stabilized in most areas,'' Brian Sack, senior economist at Macroeconomic Advisers LLC in Washington, said before the meeting. ``We believe that the Federal Open Market Committee is ready to slow the pace of its actions.'' The world's biggest financial companies have posted at least $312 billion in writedowns and credit losses tied to U.S. mortgage markets as of April 28. U.S. foreclosure filings more than doubled in the first quarter as payments rose for subprime adjustable mortgages. One in every 194 U.S. households, or 650,000 properties, were in some stage of foreclosure during the quarter, according to Irvine, California-based RealtyTrac Inc., a vendor of data. Hastening Inflation While easing borrowing constraints, the central bank has also pushed money market yields below inflation, giving consumers an incentive to spend or take on more risk in their investments to earn a return. The Fed's preferred inflation barometer, the personal consumption expenditures price index, minus food and energy, rose at a 2.2 percent annualized rate in the first quarter. Six-month Treasury bills yield 1.7 percent. Five-year-ahead inflation expectations measured by the Reuters/University of Michigan survey rose to 3.2 percent April, the highest level since October 2005. ``If they do lose credibility as an inflation-fighting institution, they will find it much harder to do anything,'' James Hamilton, an economist at the University of California, San Diego, said in a television interview before the meeting. ``It is a slope you do not want to start sliding down, and I am afraid the Fed has already started.'' Meanwhile, housing markets are still in a slump. Home prices in 20 U.S. cities fell in February by the most on record. The S&P/Case-Shiller home-price index dropped 12.7 percent from the same month a year earlier, the most since the figures were first published in 2001. Builders broke ground on 947,000 new homes at an annual rate in March, the fewest since March 1991.

Thursday, April 24, 2008

No-Boundaries Food Crisis! Prices Streak Skyward!

SQ009 workshop

I apologize for the delay in workshop, as I faced certain health problems.

All is fine now and my workshop is back.

Venues are a little pricey during this peak season, so i will rent a room from my office. Save money save money. And they will be split into 2 half day courses from 1pm to 5pm. Drinks, snacks, writing materials and notes will be provided.

2 workshops as below:

3rd May:

- starting out in TA
- Basic Chart Reading
- The Psychology behind the charts
- Identifying basic trends and patterns
- Trading strategies and money management

10th May:

- Deeper into TA charts and patterns
- Making use of indicators (and how to avoid newbie mistakes)
- Application of TA and introduction of FA
- Understanding the macro market, how to look at other markets to determine your strategy

The address will be:

1 Keong Saik Road (opp Ebay and at cross junction)
nearest MRT will be tanjong pagar & Outram (walkable distance)

Time:

1pm-5pm

Things to bring:

Yourself

Workshop Fees:

$20 per day. If coming for both days, will be $30 (tried to make it as cheap as possible le)

Please Email to sq009@hotmail.com

PS: If you feel that you've learnt nothing throughout the 2 workshops, do let me know, I will refund you your money.

sq009

Wednesday, April 16, 2008

Monday, April 7, 2008

Market Bottom?

Friday announcement of job data reflected that it was the worse in 5 years with a loss of approximately 80,000 jobs in the US. However Dow Jones showed resilience to downside movements.

The main question to most traders will be – Is this truly the bottom?

Catching bottoms by itself is a very risky strategy to adopt. Imagine 2 scenarios: Buy low and sell high and buy high sell higher. Both method works very well, but I would favor the latter as no one can really predict the bottom of the market.

A typical scenario would be September 11 – After market resumes trading, the stock market rose 15% in 4 trading days (after the giant plunge). The rise was expected to be a ‘recovery’, however after ‘bargain hunting’, the market continued its downtrend and Greenspan cut the interest rates over and over again to bail out failed companies. This was also the start of the declination of USD.

So, market really hit the bottom? Personally I wouldn’t bet my money on it, although things may be cheap. Bottom or not, with the correct investment strategy, we can all profit from this market.

Good luck to all traders~

SQ

Catch the rest of the discussion here: http://forum.channelnewsasia.com/viewtopic.php?t=140743

GOLD VS DOLLAR

Tuesday, April 1, 2008

How to use MetaStock to give you a winning edge?

One of the feedback for the course is that it is too long.
So I have decided to take out the my trading system module and teach it on a later time.This course is suitable for beginner and those who want to know more how to fully benefit from Metastock .

How to use MetaStock to give you a winning edge?

This is the course content
SESSION 1 INTRODUCTION TO TECHNICAL ANALYSIS
1.1 DEFINITION
1.2 ASSUMPTION OF TECHNICAL ANALYSIS
1.3 TECHNICAL VS FUNDAMENTAL ANALYSIS
1.4 DOW THEORY – 6 TENETS
1.5 QUIZ

SESSION 2 CHARTS BASIC
2.1 TYPES OF CHARTS
2.2 TIME FRAME
2.3 3 TYPES OF TRENDS
2.4 SUPPORT AND RESISTANCE LINE
2.5 TRENDLINES
2.5 HANDS ON PRACTICE ON PAPER

SESSION 3 CHART PATTERNS
3.1 2 TYPES OF CHART PATTERNS: REVERSAL AND CONTINUATION
3.2 6 PRIMARY POINTS COMMON TO ALL REVERSAL PATTERNS
3.3 REVERSAL PATTERN AND CONTINUATION PATTERN
3.4 THE IMPORTANCE OF VOLUME
3.5 FINDING A PRICE OBJECTIVES
3.6 HANDS ON PRACTICE ON PAPER

SESSION 4 INDICATORS
4.1 3 TYPES OF INDICATORS
4.2 TREND-FOLLOWING INDICATORS
4.3 OSCILLATORS
4.4 QUIZ
4.4 HANDS ON PRACTICE

SESSION 5 CANDLESTICK PATTERNS
5.1 BASIC CANDLESTICKS
5.2 CANDLE PATTERN ANALYSIS – REVERSAL AND CONTINUATION PATTERNS
5.3 QUIZ

SESSION 6 METASTOCK
6.1 CHARTING BASIC WITH METASTOCK
6.2 INDICATOR BUILDER
6.3 EXPLORATION
6.4 EXPERTS
6.5 SYSTEM TESTER

SESSION 7 MONEY MANAGEMENT
8.1 2 TRADING GAME
8.2 MUST FOLLOW RULES

SESSION 8 PUTTING ALL TOGETHER

9.1 REVIEW
9.2 CHECKLIST
9.3 TRADING JOURNAL

APPENDICES
1 INDICATORS GLOSSARY
2 CANDLESTICK PATTERN
3 CHART PATTERN

The course fee will be at $388 w/o Metastock software. If you want to include the Metastock software, It will be at $1069.
Note: if you were to buy Metastock directly from Phillip Cyberquote as a non-member ,it will be $866 and as member $799.

I am confident that this is worth your investment that I will give FULL 100% money-back guarantee.
Upon completing the entire course, if you feel that it is not worth your money. I will refund every cent to you. No question asked.

Email now to admin@collinseow.com with title heading: Metastock course with name , mobile number and email. Please indicate whether you want to include the Metastock.

Date : 18th Apr (7pm -10pm) 19th Apr (10am- 5 pm)
Place : to be confirmed

Thursday, March 27, 2008

Bush on the economy

Spot The Rubbish This Fella Is Talking

Wednesday, March 19, 2008