Central Bank of Egypt Cuts it’s rate again by 25 bps

bank MPC statement here

WED 16 SEP 09/26 Ramadan Wrap/ Eid Mubarak

another 0.9% up leg in this small congestion printed today by EGX and impulsive run by other middle east exchanges

I closed 4 positions today before the Eid holiday (Sunday, Monday) and because they begin to retreat after touching the upper boundary of their sideways action

and they’re: SUGR, IDEA, ETRS, UNIP and I’m very lucky in them cuz all of them are profitable specially SUGR regardless their short lives

and from the watch list posted yesterday 3 positions only triggered to gain some profits from this Eid run: IRON, ABRD, CEFM

I didn’t scan the charts today cuz I will not be available the next week, I will be in holiday trip to calm my mind and will follow my trades via phone

TUE 15 SEP 09/25 Ramadan Wrap-up

finally the middle east markets agreed on something and closed green today except Doha Exchange and the best performer was TADAWUL, yeah it’s weird I know

today no position closed but three new positions triggered in: NCGC, CSAG, ECAP

now we’ve 12 active positions 4 MT and 8 ST, 6 in green and 6 in red

some stocks to watch for breakout and the modified weekly watch list

Monday 14 SEP 09/24 Ramadan 1430 Wrap-up: Middle East Stocks

EGX30 (the main index of the Egyptian exchange) printed another down leg today –1.4% in this sideway below august high and taken the small pivot 6655

our portfolio transactions today: closing both MNHD and EREC, the first at BE and the second with good profit 1.6R/1R

and new 4 positions initiated from the watch list posted yesterday

and they’re: ALCN, ETRS, NASR, UNIP and all of them from the same industrial sector, I don’t know what’s cooking in this sector but history tell those are the main sector movers

the middle east markets retreated more today after the prior week surge and the only advancer was the Saudi Exchange TADAWUL

some stocks to watch for tomorrow Tuesday and the modified weekly watch list too

 

Monday 14 SEP 09/24 Ramadan 1430 Wrap-up: Middle East Stocks

EGX30 (the main index of the Egyptian exchange) printed another down leg today –1.4% in this sideway below august high and taken the small pivot 6655

our portfolio transactions today: closing both MNHD and EREC, the first at BE and the second with good profit 1.6R/1R

and new 4 positions initiated from the watch list posted yesterday

and they’re: ALCN, ETRS, NASR, UNIP and all of them from the same industrial sector, I don’t know what’s cooking in this sector but history tell those are the main sector movers

the middle east markets retreated more today after the prior week surge and the only advancer was the Saudi Exchange TADAWUL

some stocks to watch for tomorrow Tuesday and the modified weekly watch list too

 

Sunday 13 SEP 09 Wrap-up

SKPC and IFAP closed today, the first in profit 1R/1R @ 12.12 and the second in small loss 0.3R/1R @ 15.4

from  the weekly watch list 3 positions initiated: AUTO @ AV27.8, MICH @ av14.2 (2nd in pyramid), IDEA @ av32.8 and nothing more from the daily watch list

the active positions list contain now 7 orders and EREC is the best performers

today, the scan generates many opportunities from the daily charts and that beside the remaining of the weekly watch list

the list below, click to enlarge

Stocks to Watch: Week 38/2009, EGX

the last week we liquidated one position in the last session Thursday, NRPD @ 108 with small profits and this cuz the stock price action didn’t play well

and still hold 6 positions to the next week: MICH, MNHD, SKPC, EREC, IFAP, SUGR (2 Chemicals, 2 Food, 2 Real Estates, nice diversification huh!) LOL

one of them MT: MICH and the others ST

the global Un P/L in green and this close our eyes at night

some stocks to watch in the next week, the majority for weekly tracking and only 4 for sunday

I like this type of markets because not everyone can trade it

Middle East Wrap-up Week 37/2009

 

UAE rocks this week and the others still in sideways

the portfolio update and the watch list for tomorrow and the next week will be posted later today

Tuesday 8 SEP Wrap-up: New: MNHD, SKPC, EREC

I get a feeling from the last sessions that the emerging markets now preceding the big ones, I don’t know is this right or not but time will tell

today the market still in this range under august low around it’s pivots and down –0.4%

Three positions triggered today:

MNHD 18500/35, SKPC 127000/11.7, EREC 4500/61.25

now the active positions contest contain 9 active trades, all of them still under their settlement period

some stocks to watch for tomorrow:

we still in congestion, be selective and trade wise

MON 7 SEP/17 Ramadan Wrap-up: NRPD, MICH, EFIC

a strange day today, the market performed in strange way

two stocks initiated from the weekly watch list, and one from today’s watch list

NRPD W 3200/105, MICH W 28400/14, EFIC D 60000/24.6

many stocks declined today and stayed in it’s previous range under august high and today’s down leg signals many breakout opportunities for tomorrow if it played well, it will be great reward at September beginning

lets see how it develops