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Written by David Hanson
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Monday, 07 July 2008 05:41 |
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The DJIA went through a large consolidation starting April of last year. On January 4, 2008, it broke through the neckline support (LINE 1) of the head and shoulders formation. If we follow this pattern formation, the index should bring us to roughly 11,100 (TARGET POINT). The good news is that we already hit 11,000 last week. Hopefully, selling should taper off as of the moment and a rally should happen very soon. However, the bad news is that the index broke through all the support levels we have set last week - 11,250-11,280. This signifies prevailing weakness of the DJIA and it is seeking new support levels. Based on the following chart, new support levels are at LINE 2, a psychological support level at 11,000 and LINE 3, at 10,650. |
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Written by David Hanson
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Sunday, 29 June 2008 16:31 |
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Bears has totally taken control of the market and bulls are no where to be found. When DJIA plunged last June 26, it broke through 2 major support points 11,650 of March 17 (Line 1) and 11,508 of January 22 (Line 2) from which the bulls catapulted the index higher to keep the index from falling. Now at 11,346, with continuous sell offs marked by huge volume, the DJIA seeks initial support at 11,250-11,280 (Line 3). Next suport would be deeper at 10,650. |
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Written by David Hanson
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Sunday, 22 June 2008 14:59 |
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DJIA: The Dow Jones Industrial Average has been beaten badly the past couple of weeks. It all started with the break of support (Line 1) last May 21, 2008(Point A). Since then, the index has been trending lower and pretty much established a significant short-term down trend line (Line 2). The index tried to break free from this trend last June 17, 2008 but was a failure (Point B). To make matters worse, last Friday's performance broke support (Point C). |
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Written by Zandro Zulueta
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Saturday, 07 June 2008 01:54 |
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This is the trading performance of Zig Traders as of June 7, 2008. The ZIG customer account was launched last January 4, 2008 and trades equities listed in the NYSE, NASDAQ, and AMEX. The ZIG account has a cumulative rate of return of +7.08% since January 4, 2008 or an annualized yearly return of +16.73%. The US market has been very weak of late due to renewed concerns in housing, the financial meltdown, economic weakness, and recession. However, the main highlight of the month is the strong rise of oil which as of yesterday has nearly reached 140 USD per barrel. The very strong rally of the market in April has made everyone think that the economy is about to recover. However, the strong oil has stifled this rally. We may see the market continue to go down to retest its previous lows set in mid-March of this year. Due to all these events, Zig Traders was forced to become agile. ZIG Traders was forced to change strategies from buying stocks in April to short selling stocks in May. Zig Traders has again performed quite well as the S&P 500 returned a cumulative loss of -3.61% for the same duration we have been trading. |
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Written by David Hanson
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Tuesday, 10 June 2008 00:00 |
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Most people shy away from the financial markets because of the risks involved. Their impression of investing in the financial markets is that it is similar to gambling in a casino. In this last installment, we talk about risk management and why the financial markets should not be feared of. Risk is prevalent in every situation in our lives. Everyone is aware that the risk of getting into a car accident is very high. But this does not stop people from driving. Everyone is aware that there are risks of getting hurt when one has a failed marriage or relationship. But this does not stop people from marrying or getting into a relationship. In those instances, people first study the situation, determine the risks involved, find ways to manage them, and are rewarded in the end by doing so. Similar to relationships and driving a car, the risks involved in stock market investing/trading can be managed properly. And those who do manage the risks properly do get rewarded - by achieving high profit returns. Here are key steps on how to manage the risks involved in investing in the financial markets: |
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Written by Zandro Zulueta
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Saturday, 31 May 2008 17:09 |
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Here is a comparison of Zig Traders' performance versus popular Philippine Mutual Funds as of June 2008. Zig Traders has outperformed by far any Mutual Fund in the Philippines. The comparison was done by comparing Percentage Year to Date returns on an end of month basis. The Philippine Mutual Funds listed below are popular mutual funds listed in the Philippine Stock Exchange. Some mutual funds are pure Equity Funds while others are Balanced Funds (mix of stocks and bonds). |
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Copyright © 2008 Zig Traders. All Rights Reserved.
ZigTraders.com: Investment Advice - Fund Management
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ZIG Performance | 6/21/2008 | | Currency | USD | | Current Value | 70,741.64 | | Previous Month's Value | 71,314.86 | | Launch Value | 67,753.04 | | Launch Date | 01/04/2008 | | Annualized Yearly Return | +9.56% | Return since Jan. 4, 2008 | +4.41% | | SP500 YTD Return | -6.64% |
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