mastersoequity.com Blog

Our Footers, which used to be manually updated for all 69 pages are now javascript based at last! Never thought that it will be easy to manage contents over so many pages. Ought to have looked into these areas years ago when I started this page.

Yes, surprisingly, I used to manually update our dates every month. I never realised that such a date display function can be so simply automated using javascript. I am now beginning to think that our programmer leaving the team is becoming a good thing. Without which, I would never have learnt so many advanced webpage techniques.

FUNDAMENTALS
Markets took a turn to downside yesterday on concerns over a slowing economy and the energy sector turning down along with falling oil prices. The problems in the US economy is not a simple one and one that will eventually show up in the stock markets. With very little positive developments in the economy and mounting pressure from a rising China, US is quickly losing its global competitiveness. This showed up as a 5.8 points decline in the business index for December at a negative 4.3 versus a positive 5.1 in November. With a national debt that is 4 times national GDP, there is no way debts can be repaid with the baby boomers retiring from 2008 onwards. Like a person deep in debt and forced to repay very soon, this giant’s financial picture is not an optimistic one.

TECHNICALS
Sadly, the “Black & White Brothers” failed to lift the NASDAQ Composite index. Ending the day in a 0.48% drop, all trend indicators are pointing to a short term  bearish trend for the first time since the same indications showed up on 10 July 2006. We saw the same example of such a behavior in the indicators on 11 May 2006. The Dow is displaying a completely different sentiment, however, as it continues to form yet another plateau of its staircase formation with no indications of coming to a halt. Eventhough all major indices tend to move in the same direction under the same market undercurrent, there are times when they are different. On such time is the tech crash of 2000 – 2001. By 2002, however, the Dow yielded to the falling tech sector and fell in tandem for a year. Oil prices have lasped back into range trading within its neutral channel of $60 – $63 once again. Looks like it is going to stay neutral for a while here.
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FUNDAMENTALS
The Dow closed down marginally on profit taking and FEDEX’s $2.15 drop. With almost no more news release or economic news, markets remain lacklustre. The Energy sector also failed to follow up on its rebound as Crude oil fell from its 3 weeks high to close at $63.19. A warmer winter is expected to cut demand for heating oil thereby relieving the pressure on oil inventory. At this point of time, many analysts are quick to agree that this is no longer a fundamental driven market.

TECHNICALS
Markets continued to move sideways yesterday as the Dow continues a series of doji like candles and the NASDAQ Composite forming a doji with a higher high and a higher low. The candlestick formation we see on NASDAQ today is very interesting. Even though it dropped 0.08% yesterday, it formed a formation I call the “Black & White Brothers”. It is a formation consisting of 2 candles (one open candle and the other a close candle) with relatively small candle bodies, lined up horizontally side by side. There are many names given to this kind of formation addressing the specific arrangement of these 2 candles, but the effects to be expected are the same. That is why I gave it a different name, encompassing all the variants. It doesn’t matter which candle comes first; The black candle can come before the white candle or the white candle before the black candle. This formation occurs commonly after a big down or a big up day and usually signals a reversal. We saw a similar formation in BBBY on 3 Nov 2006, lifting BBBY up by more than $2 after a $1.01 drop on 1 Nov. With the Black & White Brothers knocking in after NASDAQ’s 0.88% ditch 3 days ago, it may signal a rebound back up into its neutral channel. This is a very fast formation. If it should be accurate, we should see the action by today.
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The Nav Bar in our pages has been changed from a gray background with black words scheme to a black background with white words scheme. This will enable the navbar to better integrate into the header as part of the header instead of being part of the content body.

Other minor changes have also been made with this revision:

1. All Nav Bars Standardised.

2. All footers standardised.

3. Privacy Policy improved in look and text.

In the very near future, a content management system will be created by me using my simple PHP, Javascript and Mysql knowledge to automate the update of all headers, footers and common content along with an admin interface. It is indeed amazing how much you can do yourself by reading up for a couple of days. Save the company thousands in dollars in salary per month.

FUNDAMENTALS
Markets closed mixed after spending most of the day deep under water. The early drop in oil prices caused an immediate ditching reaction in the sensitive energy sector bringing the markets down hard. However, as oil prices recovered later in the day to close up by another 1.5%, the energy sector rebounded, lifting the Dow to close up 0.24% for the day. It sure looks like crude oil price, whose ditch supported the recent rally, needs to remain strong in order to boost the energy sector and consequently, the market. PPI numbers will rise with rising oil prices and that could give rise to renewed inflationary fears. Crude oil closed $63.15 per barrel with Exxon Mobil up another 2.1% to close at $77.06. From the recent market actions, it now seems like the only sector left that could still move is the energy sector. The rest of the market seems almost powerless to give lift to the markets. However, if the energy sector continues to rise on rising oil price, the rest of the markets will very soon come to yield under rising inflationary pressure. Unless the markets see some new strength and reason for optimism across the board very soon, there could only be one direction left for it soon.

TECHNICALS
Markets closed sideways yesterday after a scary opening. NASDAQ is the focus of attention here today. NASDAQ has rallied on its 30 SMA steadily since August. Yesterday, the NASDAQ composite index broke below its 30 SMA line and its rising trendline for the first time since August. This is a trendline break on above average volume…. meaning, bad news. NASDAQ seemed to have missed out on the strength in the Dow so far and with the Dow also slowing down, the NASDAQ composite could win this tug of war to downside along with major indices soon. All short term trend indicators are showing a bearish trend developing on NASDAQ for the first time since the rally begun in August. The only consolation is that it managed to close somewhat at the 30SMA line by the end of the day. Today will be a critical day, if NASDAQ get back up today, it could negate yesterday’s action as a false ditch. If NASDAQ continues lower today, I will have to announce that we are at the beginning of the Bear trend for the NASDAQ composite index.
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FUNDAMENTALS
Markets suffered the first setback in 4 days as crude oil prices plummetted by more than a dollar within a day. The already weak and sensitive energy sector brought NASDAQ down by 0.88% as the Dow followed it down by a marginal 0.03%. Crude oil sent shares of Dow component ExxonMobil down $1.79, or 2.3 percent, to $75.51. Rival Chevron Corp. shed $2.05, or 2.7 percent, to $73.33. British Petroleum PLC declined $1.13 to $66.75. Other giants affected by the year end sell off are Google and Yahoo, both dropping by 3.65% and 2.23% respectively. All eyes continue to be on crude oil action with the complete lack of any major release anytime soon. It will certainly be of benefit to the market in the mid term should oil price remain constant within a $60 – $63 range.

TECHNICALS
A sideways day at the markets yesterday despite great drops in NASDAQ. The Dow closed a completely neutral day while NASDAQ fell back down into its sideways movement. NASDAQ has remained neutral since 27 Nov and still do not look like it’s mustering the strength needed to go further up. Unlike the Dow, NASDAQ has failed to complete its staircase formation and is now forming a flat top neutral trend. Such a neutral trend usually spells the end for a rally as it needs to make a new decision soon whether to go up or down or simply stay sideways like it did during the first 5 months of the year. The Dow continues to look strong and if it continues its bullishness, it can also help NASDAQ break to upside. Oil slipped back down into its neutral $60 – $63 channel yesterday surprisingly. Let’s see if it follows up today.

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FUNDAMENTALS
Markets gained last Friday on favorable November CPI numbers. The CPI numbers continued to point towards a controlled inflation as both total and core CPI remains unchanged. The bullishness didn’t last throughout the trading day as a sudden surge in oil price put renewed pressure on the markets and brought the markets back down to closing near the day’s low. The ISM national survey of manufacturing conditions also ditched below 50 for the first time since 2003, showing a contraction in the manufacturing sector. Even though it does put pressure on the manufacturing sector, we all know that manufacturing cannot always be on the top of the list for a matured economy. I will be watching oil price very closely now as it is showing sure signs of recovery with the surge last Friday. The market’s bullishness so far will certainly end if oil should rally from here.

TECHNICALS
The Dow has regained it’s uptrend condition last Friday since it laspe into a short term neutral trend towards the end of November. NASDAQ continued to struggle with a neutral trend as it continues to go sideways. Well, this is an interesting juncture here as all major indices eventually affect each other. If one rallies strongly, it will lift the other indices too and if one ditches strongly, it will pull the others down too. So, we will have to see if NASDAQ follows the Dow back into an uptrend soon or have the Dow laspe back into a neutral trend along with it. Oil remains the focus of concern here as it breaks the $63 psychological resistance level last Friday to close at $63.40. Even though right now oil prices have retreated back down a little in asian trading, it is still holding well above $63. Short term stochastics on USO is showing a recovery from the oversold position indicating strong possibility of more upside to come. As we can see, the rally so far has been the result of an inverse movement against oil prices. If oil should take a turn around, the possibility will be high that the markets will also be affected.
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Mobile seems like the way to go for all services these days. In order to provide that same level of modern convenience that matches up to our status as a premium service provider in the information era, we are currently working on a mobile sms alert system that will alert our subscribers when there is a pick for the day. This will save our subscribers time from having to log in everyday to check for the pick of the day. Stay Tuned! In the meantime, you might also want to check out our Trader Psychometric Test Here!

FUNDAMENTALS
Markets rallied yesterday led by the energy sector. The energy sector rose 1.81% overall with OPEC’s decision to cut production by another 500K barrels per day starting on 1 Feb. This has led oil to break above the $63 for the first time since November. If oil prices continue to move up due to a drop in production, that can spell higher capital cost for industries and put some pressure on earnings.

TECHNICALS
Surprisingly, the Dow found enough energy to break the 12340 resistance level yesterday as it ended up 0.81% for the day to close at 12416.76! This is an extremely important move as it completes the staircase formation that the Dow has been stepping up on since August and spell more upside for the market. All we need to see is some significant follow up today to seal in the deal.

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FUNDAMENTALS
Oil took a boost yesterday as oil inventories dropped for a 3rd straight week which resulted in a marginal gain in stocks. OPEC will be meeting today again to discuss if further production cuts are necessary. Their decision will have a definite effect on the lukewarm oil price and the US economy at large. Analysts speculate that OPEC will not agree on further production cut this time round given that the effects of the last production cut has already held oil prices up from further drops. For me, I would say, “You’ll never know”.

TECHNICALS
Markets continued sideways exactly the same way it did for the whole of the week. It is obvious by now that major indices are up against their respective resistance levels and if they do not make a definite break to upside soon, we could really see a correction. This is the first time we are witnessing such a strong resistance level and weakness in the market since the rally begun. The only consolation is the all trendlines remain intact.

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Before today, I used to have to manually update 6 pages everytime I update our results. After a short online course in javascript, I have learnt and incorporated a simple code which updates all pages with the new results everytime it is posted! That not only saves me time but also spells an advancement to the website from a completely manually managed website to a professionally automated one. Eventually, I will make a full scale content management system for the updating of the whole website.

Daily US Market Comments by Master Option Trader, Jason Ng for Free!

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The bahasa indonesia version of our website is now completed at http://indonesia.mastersoequity.com . This will be where our Indonesian friends can find indonesian version and indonesian mentoring for our Star Trading System.

Aditya Nugroho, our Vice President of Operations Indonesia, will be fully in charge of the updating and marketing of the website as well as mentoring of Indonesian students.

After putting it off for the past 3 months, I took the past 2 hours to add a Google XML sitemap to our site at last. I visited a free online sitemap generator to generate the base copy and then realised that many of our sites, especially those in the sub-directories, were not captured in the sitemap. The googlebot must also not have captured these sites too. I then downloaded a free XML editor called More Motion XML Editor and added those missing links into the sitemap manually. I then uploaded the sitemap to our directory and submitted it to Google, hopefully googlebot don’t miss many of our great pages including the psychometric test page again.

FUNDAMENTALS
The Feds left a trail of disappointed traders yesterday as there were no indications as to when a rate cut might take place. Markets ended flat on mixed sentiments as to the sustainability of the current rally. With no real indications of a rate cut coming up, there is therefore no real cause for optimism.

TECHNICALS
Markets continued to move sideways on rising volume yesterday. This is a stalemate situation where more participation did not result in a significant change in direction. Major indices are once again near their respective trendlines, especially NASDAQ, and would have to muster the strength to bounce from this level in order to sustain the rally. Failing which, we could see a correction, testing the 50SMAs. All momentum indicators are showing definite signs of fatigue to this rally and is commonly a point from which the markets turn around to the opposite direction. We saw a similar example in the August 2004 rally where a complete turnaround to downside occurred in December 2004 with similar signs of lose of momentum. Let’s get ready to cover longs.
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After tens of failed favicons, I have at last completed one that looks good and discernible at that kind of small scale.

Here it is :

The “Link To Us” page for the psychometric test is completed not only with a text link but also an image link consisting of a 110 by 40 animated gif image. I only learnt how to make animated gifs a while ago from a post in Yahoo!Answers. Even though it looks a little crude, it is afterall a product of my own creativity and photoshop ability. I am proud of myself.

Check It Out Here!

FUNDAMENTALS
Markets rose slightly yesterday in range bound trading yesterday. Volume was also significantly lower than the 15 days average. Traders are sitting on the sidelines yesterday while waiting for the Fed release today. Although it is almost 100% sure that it is going to be an interest rate pause with a dovish promise to lower interest rates in the future, it is still customary for investors to feel edgey about it. Institutes will also be covering their positions for the year this month and will probably do it some time after the Fed release. Such a move will definitely give a definite tone to the market.

TECHNICALS
Markets continued sideways yesterday with no surprises. The Dow remains overbought throughout this consolidation, which is very different from its previous behavior. However, being overbought does not necessarily mean there are no further upside to come. Trendlines and support levels remain intact, showing no signs of a correction in the making…yet. Oil continued to correct as it fall down another step to $61.20. That drop also took it out of the short term overbought condition made by the end of November rally while still maintaining a strong support level at $61. This may give it a reason to go up sometime in the near future.

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Simplicity . Profitability . Mastery

This is the new slogan that we have adopted from today onwards. This is derived from the testimonies of our thousands of subscribers and students. Almost all the testimonies so far can be crystallised to these 3 simple points.

Simplicity : Our system is so simple to learn and apply that even complete amateus and newbies can become a master option trader overnight.

Profitability : Our system is not only simple but its profitability and consistency continue to astonish option traders worldwide.

Mastery : Our system not only make you a profitable option trader, it makes you a Master Option Trader! This is the eventual goal of all our students and subscribers.

Mastering the stock markets starts from Mastering Yourself. Mastering youself starts from understanding what kind of trader you are so that you can use and trade strategies that are suitable for yourself. For this purpose, we have developed the very first proprietary Trader’s Psychometric Test!     Take The Test Now!

New PhP Based Form

Daily US Market Comments 08 Dec 2006 by MastersoEquity.com

Database Offline

Daily US Market Comments 7 Dec 2006 by MastersoEquity.com

Resignation of System Administrator, Linda Khoo

Daily US Market Comments 06 Dec 2006 by MastersoEquity.com

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Congratulations Master Star Trader Nov 2006!

Daily US Market Comments 03 Dec 2006 by MastersoEquity.com

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