|
 |
TRW WEEKLY REPORT FOR
22ND TO 26TH MARCH 2010.
The markets continued its bullish rally for 4 days to inch higher
for most part of the week until a thursday correction with Fridays
trading ended up with BULL taking charge.
Thursday's steep which seem to have ended 8 days bullish run
reversed in a BULLISH ENGULFING week. The markets had shown an
amazing resiliency, rattling off several higher closes and all time
new highs in NSE ASI INDEX, NSE BANKING & NSE FBT.
The market has stayed bullish with regular profit booking at higher
levels and consistent buying at lower levels. This might suggest
that markets are in a consolidation phase. At the same time,
individual sectors and stocks have moved beyond expectations.
In order to make money in this market, the investor needs to be a
bit patient. If you are too impatient with your positions, you are
every likely to miss out on the big moves.
March is the beginning of earnings season for the market and markets
might turn a bit more volatile based on the news flow. Although my
observation is that markets are usually good in anticipating
results, my concern so far will be some stocks from the BANKING
sector as market filters say we still expect more PROVISIONS will be
made.
With interest rates as low by 2%, Investors
continue to buy blue chips stocks despite the potential risks from
the above to get better returns on their investments.
Technically, Fibonacci extension levels of 78.6% 24,362.37 and 100%
24,747.56 will continue to act as PROFIT TAKING LEVELS.
So it might make sense to be cautious and book partial profits
around these levels. Take fresh positions only if
markets make a convincing move upwards without much intraday
volatility.
As far as individual stocks are concerned, I’d stick with the stocks
that are in a firm uptrend. I still see a lot of participation in
stocks in the sectors that have made new highs.
Last week, we mentioned that the markets were clearly overbought and
that traders should be cautious moving forward. The market took a
break on thursday, We look forward to when to expect such again.
Consolidation is healthy and if the markets are to continue with
sustained strength higher, then a rest break is needed. It is too
early to tell what the next move is, as one weak day that held above
support doesn’t really change anything.
Overall, the markets are still showing strength and much
will depend on the price action in the coming days. The preferred
pattern for continued strength would be for volume to begin
dwindling as the markets begin to drift sideways. This would allow
for things to cool off while maintaining technical strength. If we
start seeing continued high volume distribution days, take this as a
sign that a more cautious approach is needed.
Use TRW STOCKBROKERS STOCKS WATCH LIST FOR MULTIPLE TIME FRAME OF
DAILY, WEEKLY & MONTHLY as your trading guide
Have a Great Trading week.
|
|
WEEKLY INDEX
|
Ticker |
Date |
Previous |
Price |
Weekly |
|
NSE |
19/03/2010 |
24141.72 |
24517.88 |
1.56 |
|
NSE 30 |
19/03/2010 |
969.40 |
985.09 |
1.62 |
|
NSE BANKING |
19/03/2010 |
407.88 |
414.89 |
1.72 |
|
NSE F&B |
19/03/2010 |
654.61 |
684.25 |
4.53 |
|
NSE INS |
19/03/2010 |
194.05 |
201.73 |
3.96 |
|
NSE O&G |
19/03/2010 |
303.02 |
303.25 |
0.08 |
|
|
WEEKLY
GAINERS
|
Ticker |
Date |
Previous |
Price |
%Change |
|
ZENITHBANK |
19/03/2010 |
16.85 |
17.69 |
4.99 |
|
FIRSTBANK |
19/03/2010 |
15.12 |
15.87 |
4.96 |
|
SKYEBANK |
19/03/2010 |
7.5 |
7.87 |
4.93 |
|
DANGSUGAR |
19/03/2010 |
16.88 |
17.71 |
4.92 |
|
REDSTAREX |
19/03/2010 |
2.52 |
2.64 |
4.76 |
|
WAPIC |
19/03/2010 |
0.84 |
0.88 |
4.76 |
|
BAGCO |
19/03/2010 |
2.59 |
2.71 |
4.63 |
|
PLATINUM |
19/03/2010 |
1.83 |
1.91 |
4.37 |
|
CILEASING |
19/03/2010 |
3.15 |
3.28 |
4.13 |
|
TANTALIZER |
19/03/2010 |
0.98 |
1.02 |
4.08 |
|
MAYBAKER |
19/03/2010 |
4.86 |
5.00 |
2.88 |
|
FLOURMILL |
19/03/2010 |
50.00 |
51.39 |
2.78 |
|
FIDELITYBK |
19/03/2010 |
3.02 |
3.10 |
2.65 |
|
GUARANTY |
19/03/2010 |
19.00 |
19.50 |
2.63 |
|
DANGFLOUR |
19/03/2010 |
16.06 |
16.40 |
2.12 |
|
OCEANIC |
19/03/2010 |
2.10 |
2.14 |
1.90 |
|
AFRIBANK |
19/03/2010 |
2.65 |
2.70 |
1.89 |
|
DIAMONDBNK |
19/03/2010 |
9.30 |
9.39 |
0.97 |
|
WEMABANK |
19/03/2010 |
1.12 |
1.13 |
0.89 |
|
FCMB |
19/03/2010 |
9.00 |
9.06 |
0.67 |
|
NASCON |
19/03/2010 |
6.51 |
6.55 |
0.61 |
|
NAHCO |
19/03/2010 |
8.95 |
9.00 |
0.56 |
|
INTERCONT |
19/03/2010 |
2.06 |
2.07 |
0.49 |
|
IBTC |
19/03/2010 |
9.97 |
10.00 |
0.30 |
|
CUSTODYINS |
19/03/2010 |
3.78 |
3.79 |
0.26 |
|
PZ |
19/03/2010 |
28.45 |
28.52 |
0.25 |
|
WAPCO |
19/03/2010 |
33.10 |
33.18 |
0.24 |
|
OANDO |
19/03/2010 |
80.50 |
80.51 |
0.01 |
|
WEEKLY LOSERS
|
Ticker |
Date |
Previous |
Price |
%Change |
|
BCC |
19/03/2010 |
64.61 |
61.38 |
-5.00 |
|
ASHAKACEM |
19/03/2010 |
18.50 |
17.58 |
-4.97 |
|
UAC-PROP |
19/03/2010 |
20.00 |
19.03 |
-4.85 |
|
VITAFOAM |
19/03/2010 |
5.61 |
5.34 |
-4.81 |
|
ASOSAVINGS |
19/03/2010 |
0.65 |
0.62 |
-4.62 |
|
CHAMS |
19/03/2010 |
0.67 |
0.64 |
-4.48 |
|
UNHOMES |
19/03/2010 |
0.91 |
0.87 |
-4.40 |
|
UNIC |
19/03/2010 |
0.73 |
0.70 |
-4.11 |
|
FIRSTINLND |
19/03/2010 |
0.71 |
0.69 |
-2.82 |
|
INTENEGINS |
19/03/2010 |
0.53 |
0.52 |
-1.89 |
|
UACN |
19/03/2010 |
46.79 |
46 |
-1.69 |
|
STERLNBANK |
19/03/2010 |
2.05 |
2.02 |
-1.46 |
|
UNILEVER |
19/03/2010 |
25.95 |
25.6 |
-1.35 |
|
FTNCOCOA |
19/03/2010 |
0.88 |
0.87 |
-1.14 |
|
CRUSADER |
19/03/2010 |
1.01 |
1.00 |
-0.99 |
|
AIICO |
19/03/2010 |
1.06 |
1.05 |
-0.94 |
|
UBN |
19/03/2010 |
5.88 |
5.85 |
-0.51 |
|
UBA |
19/03/2010 |
14.50 |
14.45 |
-0.34 |
|
COSTAIN |
19/03/2010 |
5.11 |
5.10 |
-0.20 |
|
NB |
19/03/2010 |
57.92 |
57.90 |
-0.03 |
|
|
For 19/03/2010 the
closing price was 24,517.88.(NSE INDEX)
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are Trending
The projected upper bound is: 25,202.82.
The projected lower bound is: 23,954.29.
The projected closing price is: 24,578.55.
Note: these price projections are for reference only, and can be
easily exceeded by the market. market.
 |
For 19/03/2010 the
closing price was 985.09(NSE30)
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are Trending.
The projected upper bound is: 1,015.89.
The projected lower bound is: 959.50.
The projected closing price is: 987.69.
Note: these price projections are for reference only, and can be
easily exceeded by the market.
 |
|
For 19/03/2010 the
closing price was 414.89.(NSE BANKING)
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: 432.10.
The projected lower bound is: 400.26.
The projected closing price is: 416.18.
Note: these price projections are for reference only, and can be
easily exceeded by the market. .
 |
For 19/03/2010 the
closing price was 684.25.(NSE FOOD, BEV.&
TOBACCO)
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
The projected upper bound is: 711.03.
The projected lower bound is: 663.27.
The projected closing price is: 687.15.
Note: these price projections are for reference only, and can be
easily exceeded by the market.
 |
|
For 19/03/2010 the
closing price was 201.73.(NSE INSURANCE)
Overall, the bias in prices is: Downwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
The projected upper bound is: 206.94.
The projected lower bound is: 195.03.
The projected closing price is: 200.99.
Note: these price projections are for reference only, and can be
easily exceeded by the market.
 |
For 19/03/2010 the closing
price was 303.02.(NSE OIL & GAS)
Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.
The projected upper bound is: 310.29.
The projected lower bound is: 296.70.
The projected closing price is: 303.49.
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/time |
MA-100 |
MA-50 |
MA-5 |
Overall Trend |
Trend Phase |
Comments |
|
ACCESS |
19/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
AFRIBANK |
19/03/2010 |
- |
- |
+ |
No Trend |
Progress |
Risk for short term reversal |
|
AIICO |
19/03/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
AP |
19/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
ASHAKACEM |
19/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
ASOSAVINGS |
19/03/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
BAGCO |
19/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
BCC |
19/03/2010 |
+ |
+ + |
+ + |
Up Trend |
Initial |
Stay with Trend |
|
BIGTREAT |
19/03/2010 |
- |
+ |
- |
No Trend |
Initial |
trading range-avoid |
|
CHAMS |
19/03/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
CILEASING |
19/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
CONOIL |
19/03/2010 |
+ |
+ |
|
No Trend |
Initial |
Risk for short term reversal |
|
CONTINSURE |
19/03/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
CORNERST |
19/03/2010 |
- |
- |
+ |
No Trend |
Progress |
Risk for short term reversal |
|
COSTAIN |
19/03/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
CRUSADER |
19/03/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
CUSTODYINS |
19/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
DANGFLOUR |
19/03/2010 |
+ |
+ |
+ + |
Up Trend |
Initial |
Stay with Trend |
|
DANGSUGAR |
19/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
DIAMONDBNK |
19/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
FCMB |
19/03/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
FIDELITYBK |
19/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
FIRSTBANK |
19/03/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
FIRSTINLND |
19/03/2010 |
- |
+ |
- |
No Trend |
Progress |
trading range-avoid |
|
FLOURMILL |
19/03/2010 |
+ |
+ |
+ + + |
Up Trend |
Initial |
Stay with Trend |
|
FTNCOCOA |
19/03/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
GUARANTY |
19/03/2010 |
+ |
+ |
+ |
Up Trend |
Progress |
Stay with Trend |
|
GUINEAINS |
19/03/2010 |
|
|
|
Down Trend |
Initial |
Watch Trend? |
|
GUINNESS |
19/03/2010 |
- |
+ |
|
No Trend |
Initial |
trading range-avoid |
|
HMARKINS |
19/03/2010 |
|
|
|
Down Trend |
Initial |
Watch Trend? |
|
IBTC |
19/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
INTENEGINS |
19/03/2010 |
- |
- |
- |
Down Trend |
Progress |
Watch Trend? |
|
INTERCONT |
19/03/2010 |
- |
+ |
- |
No Trend |
Progress |
trading range-avoid |
|
JAPAULOIL |
19/03/2010 |
+ |
- |
+ |
No Trend |
Initial |
trading range-avoid |
|
JBERGER |
19/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
LASACO |
19/03/2010 |
- |
- |
|
Down Trend |
Initial |
Watch Trend? |
|
MAYBAKER |
19/03/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
MBENEFIT |
19/03/2010 |
|
|
|
Down Trend |
Initial |
Watch Trend? |
|
MULTIVERSE |
19/03/2010 |
|
|
|
Down Trend |
Initial |
Watch Trend? |
|
NAHCO |
19/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
NASCON |
19/03/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
NB |
19/03/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
NBC |
19/03/2010 |
+ |
+ |
|
No Trend |
Initial |
Risk for short term reversal |
|
NEIMETH |
19/03/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
NEM |
19/03/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
NESTLE |
19/03/2010 |
+ + |
+ + + |
|
No Trend |
Progress |
Risk for short term reversal |
|
NIGERINS |
19/03/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
OANDO |
19/03/2010 |
- |
- |
- - - |
Down Trend |
Initial |
Watch Trend? |
|
OCEANIC |
19/03/2010 |
- |
+ |
- |
No Trend |
Progress |
trading range-avoid |
|
PLATINUM |
19/03/2010 |
- |
+ |
+ |
No Trend |
Progress |
live to trade another day |
|
PRESTIGE |
19/03/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
PZ |
19/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
REDSTAREX |
19/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
REGALINS |
19/03/2010 |
|
|
|
Down Trend |
Initial |
Watch Trend? |
|
SKYEBANK |
19/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
SOVRENINS |
19/03/2010 |
- |
|
|
Down Trend |
Initial |
Watch Trend? |
|
STARCOMMS |
19/03/2010 |
|
+ |
+ |
No Trend |
Initial |
live to trade another day |
|
STDINSURE |
19/03/2010 |
- |
- |
|
Down Trend |
Progress |
Watch Trend? |
|
STERLNBANK |
19/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
TANTALIZER |
19/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
UAC-PROP |
19/03/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
UACN |
19/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
UBA |
19/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
UBN |
19/03/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
UNHOMES |
19/03/2010 |
- |
- |
|
Down Trend |
Progress |
Watch Trend? |
|
UNIC |
19/03/2010 |
- |
- |
|
Down Trend |
Initial |
Watch Trend? |
|
UNILEVER |
19/03/2010 |
+ |
+ |
- |
No Trend |
Progress |
Risk for short term reversal |
|
UNITYBNK |
19/03/2010 |
- |
+ |
+ |
No Trend |
Initial |
live to trade another day |
|
UPL |
19/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
VITAFOAM |
19/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
WAPCO |
19/03/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
WAPIC |
19/03/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
WEMABANK |
19/03/2010 |
- |
+ |
- |
No Trend |
Initial |
trading range-avoid |
|
ZENITHBANK |
19/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
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
|