TRW WEEKLY REPORT FOR 18TH-22ND JANUARY 2010

There was a continuous bullish rally last week as The market continued to succumb to an impressive buying pressure, but by wednesday there was massive PROFIT TAKING as the index edged closer to the 200 day Moving average to close at 22,252.40. Thursday massive SELL OFFS continued as panic sellers took the liberty to salvage little profits remaining, After weak advances were recorded earlier in the trading session on friday, The INDEX bounced back on a bullish rally in the last hour of trading as Investors maintained their optimism following an assessment from stocks from the Banking, Food Bev. & Tobacco and, Insurance as they moved from a negative to Positive trend closing in full 5% in  prices.

TECHNICAL VIEW
This coming week will be very crucial as most of the stocks are trending upwards and bouncing off from RSI 50 predicting strength ahead of last high of 22.518.70  is a development which will require careful attention as a failure to break ahead of this level this week will be an event of greater significance almost certainly implying additional weakness which will challenge key resistance areas.

Bottom Line
We will see how the market will digest some of the recent rally and important to see how the market indexes deal with resistance levels and whether buyers will continue to buy at these current high trend. There are definitely some weak spots in the charts, but price action remains in an overall uptrend. Traders should remain patient, yet cautious at these levels, as the longer term patterns are in flux with near term action. Use the "TRW STOCKBROKERS STOCKS WATCH LIST FOR MULTIPLE TIME FRAME OF DAILY, WEEKLY & MONTHLY" as a guide to know what Time frame you want to trade.

HAVE A NICE TRADING WEEK

You want to learn more on RSI....
 http://www.investopedia.com/articles/technical/071601.asp

WEEKLY INDEX

Ticker Date/Time Previous Price % Change
NSE 15/01/2010 21658.7 22060.4 1.85
NSE 30 15/01/2010 860.34 878.07 2.06
NSE BANKING 15/01/2010 353.81 358.13 1.22
NSE F&B 15/01/2010 544.78 555.98 2.06
NSE INS 15/01/2010 238.21 231.5 -2.82
NSE O&G 15/01/2010 292.46 299.26 2.33
LAST WEEK INDEX
 
Ticker Date Previous Price % Change
NSE 08/01/2010  20827.17 21,658.69 3.99
NSE 30 08/01/2010 827.99 860.34 3.91
NSE BANKING 08/01/2010 339.32 353.81 4.27
NSE F&B 08/01/2010 526.71 544.78 3.43
NSE INS 08/01/2010 249.01 238.21 -4.34
NSE O&G 08/01/2010 288.06 292.46 1.53
WEEKLY GAINERS
Ticker Date Previous Price % Change
INTERCONT 15/01/2010        1.90        2.34      23.16
MAYBAKER 15/01/2010        4.25        5.14      20.94
PLATINUM 15/01/2010        1.65        1.98      20.00
OCEANIC 15/01/2010        2.13        2.45      15.02
AIICO 15/01/2010        0.83        0.93      12.05
UNILEVER 15/01/2010      21.05      23.50       11.64
VITAFOAM 15/01/2010        5.02        5.55      10.56
BIGTREAT 15/01/2010        0.78        0.86      10.26
CONOIL 15/01/2010      30.46      33.57       10.21
UNITYBNK 15/01/2010        0.95        1.04        9.47
JBERGER 15/01/2010      27.47      29.60        7.75
ZENITHBANK 15/01/2010      14.67      15.80        7.70
BCC 15/01/2010      46.50      50.00        7.53
AP 15/01/2010      34.51      37.10        7.51
NEIMETH 15/01/2010        1.55        1.65        6.45
UACN 15/01/2010      37.06      39.38        6.26
STARCOMMS 15/01/2010        1.90        2.00        5.26
NESTLE 15/01/2010    239.50    252.00        5.22
FIRSTINLND 15/01/2010        0.59        0.62        5.08
NBC 15/01/2010      23.64      24.82        4.99
GUARANTY 15/01/2010       16.01      16.79        4.87
FIDELITYBK 15/01/2010        2.50        2.62        4.80
DANGFLOUR 15/01/2010      12.56       13.11        4.38
NASCON 15/01/2010        5.52        5.76        4.35
CHAMS 15/01/2010        0.70        0.73        4.29
REDSTAREX 15/01/2010        2.39        2.49        4.18
SKYEBANK 15/01/2010        5.56        5.78        3.96
WEMABANK 15/01/2010         1.11         1.15        3.60
FTNCOCOA 15/01/2010        0.60        0.62        3.33
IBTC 15/01/2010        7.45        7.60        2.01
NB 15/01/2010      57.00      58.00        1.75
UPL 15/01/2010        5.21        5.29        1.54
DIAMONDBNK 15/01/2010        7.40        7.49        1.22
FCMB 15/01/2010        7.50        7.55        0.67

 

 WEEKLY LOSERS
Ticker Date Previous Price % Change
UNIC 15/01/2010        1.05        0.83 -    20.95
UNHOMES 15/01/2010        1.00        0.87 -    13.00
AFRIBANK 15/01/2010        2.88        2.60 -      9.72
WAPIC 15/01/2010         1.10        1.00 -      9.09
COSTAIN 15/01/2010        4.20        3.87 -      7.86
INTENEGINS 15/01/2010        0.64        0.59 -      7.81
ASHAKACEM 15/01/2010      13.30      12.40 -      6.77
JAPAULOIL 15/01/2010        1.28         1.21 -      5.47
BAGCO 15/01/2010        1.62        1.54 -      4.94
CONTINSURE 15/01/2010         1.10        1.05 -      4.55
ASOSAVINGS 15/01/2010        0.66        0.63 -      4.55
NAHCO 15/01/2010        7.80        7.45 -      4.49
FIRSTBANK 15/01/2010      14.80      14.30 -      3.38
FLOURMILL 15/01/2010      39.00      37.80 -      3.08
ACCESS 15/01/2010         8.11        7.86 -      3.08
STDINSURE 15/01/2010        0.66        0.64 -      3.03
STERLNBANK 15/01/2010        1.34        1.30 -      2.99
UBA 15/01/2010       11.20      10.99 -      1.88
NEM 15/01/2010        0.55        0.54 -      1.82
LASACO 15/01/2010        0.56        0.55 -      1.79
CILEASING 15/01/2010        2.40        2.36 -      1.67
CUSTODYINS 15/01/2010        2.88        2.84 -      1.39
PZ 15/01/2010      25.10      24.97 -      0.52
UBN 15/01/2010        6.40        6.38 -      0.31
DANGSUGAR 15/01/2010      15.00      14.98 -      0.13

 

For 15/01/2010 the closing price was 22,060.35.(NSE INDEX)
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are ranging.
Note: this chart shows extraordinary price action to the downside.
The projected upper bound is: 22,612.39.
The projected lower bound is: 21,518.56.
The projected closing price is: 22,065.47.80.
Note: these price projections are for reference only, and can be easily exceeded by the market.

For 15/01/2010 the closing price was 878.70(NSE30)
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
Note: this chart shows extraordinary price action to the downside.
The projected upper bound is: 900.24.
The projected lower bound is: 857.53.
The projected closing price is: 878.88.
Note: these price projections are for reference only, and can be easily exceeded by the market.
 

For 15/01/2010 the closing price was 358.13.(NSE BANKING)
Overall, the bias in prices is: upwards.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.
Note: this chart shows extraordinary price action to the downside.
The projected upper bound is: 373.82.
The projected lower bound is: 342.52.
The projected closing price is: 358.17.
Note: these price projections are for reference only, and can be easily exceeded by the market.

For 15/01/2010 the closing price was 555.98.(NSE FOOD BEV & TOBACCO)
Overall, the bias in prices is: Upwards.
Short term: Prices are Moving.
Intermediate term: Prices are trending.
By the way, prices are vulnerable to a correction towards 518.33.
The projected upper bound is: 574.86.
The projected lower bound is: 539.94.
The projected closing price is: 557.40.
Note: these price projections are for reference only, and can be easily exceeded by the market.

For 15/01/2010 the closing price was 231.50(NSE INSURANCE)
Overall, the bias in prices is: Downwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
Note: this chart shows extraordinary price action to the downside.
The projected upper bound is: 236.48.
The projected lower bound is: 223.89.
The projected closing price is: 230.18.
Note: these price projections are for reference only, and can be easily exceeded by the market.

For 15/01/2010 the closing price was 299.26.(NSE OIL & GAS)
Overall, the bias in prices is: upwards.
Short term: Prices are moving.
Intermediate term: Prices are ranging.
Note: this chart shows extraordinary price action to the downside.
Prices are vulnerable to a correction towards 292.66.
The projected upper bound is: 303.74.
The projected lower bound is: 294.40.
The projected closing price is: 299.07.
Note: these price projections are for reference only, and can be easily exceeded by the market.
 

Below are TRW STOCKBROKERS STOCKS WATCH LIST FOR MULTIPLE TIME FRAME OF DAILY, WEEKLY & MONTHLY
SHORT TREND TRADERS TO USE MA 5
MEDIUM TREND TRADERS TO USE MA-50
LONG TERM TRADERS TO USE MA-100
MA (MOVING AVERAGE)

ticker date MA-100 MA-50 MA-5 Overall Trend Trend Phase Comments
ACCESS 15/01/2010 + + - No Trend Initial Risk for short term reversal
AFRIBANK 15/01/2010 - + - No Trend Initial trading range-avoid
AIICO 15/01/2010 - + + No Trend Initial live to trade another day
AP 15/01/2010 - + + + No Trend Initial live to trade another day
ASHAKACEM 15/01/2010 - - - Down Trend Initial Watch Trend?
ASOSAVINGS 15/01/2010 - - - Down Trend Progress Watch Trend?
BAGCO 15/01/2010 - + - No Trend Initial trading range-avoid
BCC 15/01/2010 + + + + + Up Trend Initial Stay with Trend
BIGTREAT 15/01/2010 - - + No Trend Progress Risk for short term reversal
CHAMS 15/01/2010 + + + Up Trend Initial Stay with Trend
CILEASING 15/01/2010 - + - No Trend Initial trading range-avoid
CONOIL 15/01/2010 - - + + + No Trend Progress Risk for short term reversal
CONTINSURE 15/01/2010 - - - Down Trend Initial Watch Trend?
CORNERST 15/01/2010 - -   Down Trend Progress Watch Trend?
COSTAIN 15/01/2010 - + - No Trend Initial trading range-avoid
CRUSADER 15/01/2010 - +   No Trend Initial trading range-avoid
CUSTODYINS 15/01/2010 + + - No Trend Initial Risk for short term reversal
DANGFLOUR 15/01/2010 + + + Up Trend Initial Stay with Trend
DANGSUGAR 15/01/2010 - - - Down Trend Initial Watch Trend?
DIAMONDBNK 15/01/2010 + - + No Trend Initial trading range-avoid
FCMB 15/01/2010 + + + Up Trend Initial Stay with Trend
FIDELITYBK 15/01/2010 + + + Up Trend Initial Stay with Trend
FIRSTBANK 15/01/2010 + - - No Trend Initial live to trade another day
FIRSTINLND 15/01/2010 - - + No Trend Progress Risk for short term reversal
FLOURMILL 15/01/2010 + + - No Trend Initial Risk for short term reversal
FTNCOCOA 15/01/2010 - + + No Trend   live to trade another day
GUARANTY 15/01/2010 + + + Up Trend Progress Stay with Trend
GUINEAINS 15/01/2010 -     Down Trend Initial Watch Trend?
GUINNESS 15/01/2010 - -   Down Trend Initial Watch Trend?
HMARKINS 15/01/2010 -     Down Trend Initial Watch Trend?
IBTC 15/01/2010 -   + No Trend Initial Risk for short term reversal
INTENEGINS 15/01/2010 - - - Down Trend Progress Watch Trend?
INTERCONT 15/01/2010 - - + No Trend Initial Risk for short term reversal
JAPAULOIL 15/01/2010 - + - No Trend Progress trading range-avoid
JBERGER 15/01/2010 + + + + Up Trend Initial Stay with Trend
LASACO 15/01/2010 - - - Down Trend Progress Watch Trend?
MAYBAKER 15/01/2010 - + + No Trend Initial live to trade another day
MBENEFIT 15/01/2010 -     Down Trend Initial Watch Trend?
MULTIVERSE 15/01/2010 -     Down Trend Initial Watch Trend?
NAHCO 15/01/2010 - - - Down Trend Initial Watch Trend?
NASCON 15/01/2010 + + + Up Trend Initial Stay with Trend
NB 15/01/2010 + + + Up Trend Initial Stay with Trend
NBC 15/01/2010 + + + Up Trend Initial Stay with Trend
NEIMETH 15/01/2010 - + + No Trend Initial live to trade another day
NEM 15/01/2010 - + - No Trend Initial trading range-avoid
NESTLE 15/01/2010 + + + + + + + + Strong Up Trend Progress Stay with Trend
NIGERINS 15/01/2010 - +   No Trend Initial trading range-avoid
OANDO 15/01/2010 -     Down Trend Initial Watch Trend?
OCEANIC 15/01/2010 - + + No Trend Progress live to trade another day
PLATINUM 15/01/2010 - - + No Trend Progress Risk for short term reversal
PRESTIGE 14/01/2010 - -   Down Trend Initial Watch Trend?
PZ 15/01/2010 + + - No Trend Initial Risk for short term reversal
REDSTAREX 15/01/2010 + + + Up Trend Initial Stay with Trend
REGALINS 15/01/2010 -     Down Trend Initial Watch Trend?
SKYEBANK 15/01/2010 + + + Up Trend Initial Stay with Trend
SOVRENINS 15/01/2010 -     Down Trend Progress Watch Trend?
STARCOMMS 15/01/2010 - + + No Trend Initial live to trade another day
STDINSURE 15/01/2010 - - - Down Trend Initial Watch Trend?
STERLNBANK 15/01/2010 - + - No Trend Initial trading range-avoid
TANTALIZER 15/01/2010 - +   No Trend Initial trading range-avoid
UAC-PROP 15/01/2010 + -   No Trend Initial live to trade another day
UACN 15/01/2010 + - + + No Trend Initial trading range-avoid
UBA 15/01/2010 - - - Down Trend Initial Watch Trend?
UBN 15/01/2010 - - - Down Trend Initial Watch Trend?
UNHOMES 15/01/2010 - - - Down Trend Initial Watch Trend?
UNIC 15/01/2010 + + - No Trend Initial Risk for short term reversal
UNILEVER 15/01/2010 + + + + Up Trend Progress Stay with Trend
UNITYBNK 15/01/2010 - - + No Trend Initial Risk for short term reversal
UPL 15/01/2010 - + + No Trend Initial live to trade another day
VITAFOAM 15/01/2010 + + + Up Trend Initial Stay with Trend
WAPCO 15/01/2010 - -   Down Trend Initial Watch Trend?
WAPIC 15/01/2010 - - - Down Trend Progress Watch Trend?
WEMABANK 15/01/2010 - - + No Trend Progress Risk for short term reversal
ZENITHBANK 15/01/2010 + + + Up Trend Initial Stay with Trend
NSE 15/01/2010 - - - + + + + + + No Trend Initial live to trade another day
NSE 30 15/01/2010 + + + + + + + Up Trend Initial Stay with Trend
NSE BANKING 15/01/2010 - + + + + No Trend Initial live to trade another day
NSE F&B 15/01/2010 + + + + + + + + + Strong Up Trend Initial Stay with Trend
NSE INS 15/01/2010 - - - - - - - - - Strong Down Trend   Watch Trend?
NSE O&G 15/01/2010 - - - + + + No Trend Initial Risk for short term reversal

 
This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. TRW accepts no liability whatsoever for any loss arising from any use of this expert or its contents.
 
INVEST FOR A GOLDEN TOMORROW

Corporate Office: 62/64 Campbell Street (Kajola House) 4th & 5th Floor Lagos Island Lagos .
234-1-7646689,234-1-2710224
Enquiries: info@trw-stockbrokers.com  website: www.trw-stockbrokers.com