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

 

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

 

SUN 6 SEP Wrap-up: NASR, MOSC

two pending orders initiated today: NASR, MOSC and the others those triggered ignored for liquidity purpose

today chart scan generate 6 stocks for tomorrow

EGX: Stocks to Watch, Week 37/2009

some stocks to watch for breakout in the next week MT and ST

the last position was in ENGC and we’re flat now for new round ..

 

WED 26 August Wrap-up

the market climb +1.4% today without any following from the main blue chips or even the main stocks of the basket

and the portfolio we liquidate both NASR.CA @ 18.5 and SUGR.CA @ 23 at the trialed SL (we talk about in yesterday wrap) with small profits

and one positions triggered today only from previous watch list, which is ENGC.CA 32200 @ av 13.85

there is no good opportunities on the charts today unless 4 risky in AFMC, EPPK, CIRF, GSSC, the points shown below

I dont recommend them specially at our time but we can take them with very small lots

TUE 25 August Wrap-up

the market today continue the upward by taking off the peak of August @ 6646 and print new high 6690 so the reversal signal we talk about before in 19 August was false breakout but also we must be aware cuz this is the 4th up day in row

we can see sharp correction like what happened in June after we breakout the peak too ..

out active positions still doing well and we trail our stop to protect some of the profits, the trailing based as multipliers of the ATR, ALCN @ 112.5, NASR @ 18.5, SUGR @ 23

the chart scan today generate some opportunities but not all of them are class A

the best of them are NCCW, ENGC, UNIP, EHDR

stocks to watch

the market rebound in Thursday and now we’re facing one of two options a congestion or upward continuation

also downward move can occur too if the congestion low taken ..

five stocks to watch in Sunday:

we still hold AITG only and will liquidate on any sign of weakness

Happy Ramadan …