|
 |
TRW Weekly
Report For June 28th-July 2nd, 2010
Bear, Bear, Bear, Bear, Bear.
That was the market trend for last week to close at
25,154.30
points. The worst rally NSE ASI has recorded for the year.
The resistance of
25,200
points which we've been noting over the past couple of weeks, seems
to have been broken and spooked traders directions in a selling
frenzy.
From a technical perspective,
the Relative Strength
index has fallen from overbought levels (above 70)
to Oversold levels (below 50), which
is used by bearish traders as a sell signal. This points to a
downward move in the indexes, but you'll notice that the RSI value
on the charts of the major indexes is near
30, and last support
line was RSI 34, This reading generally suggests that the supply
and demand aspects of the stock are nearing a balancing point.
Also for now I am finding more and more stocks on a daily time frame
falling out of favour with the bulls. While few are still in an
upward trend despite the drop in current rally.
This coming will surely give a
clearer picture if
this downward momentum is a brief period of consolidation before the
bulls step in again.
BOTTOM LINE
The markets are at an area where traders need to show patience.
Overall, most of the market indexes indicators are right in the area
of their most recent lows. The weakness shown this week was not
promising at all, but there is the possibility that the markets will
form a higher low in this area.
This would be a positive sign, and could cement the recent area as a
more important intermediate low. However, it is still too early to
interpret the possibility that this will happen, and there is still
the real possibility that the markets will flounder in this area for
a while before breaking much lower if current levels don't hold.
This is why traders need to show patience, and allow the markets to
fluctuate until more clear patterns emerge. While it is tempting to
try to pick the bottom of this pullback, traders are probably better
served waiting for the markets to stabilize and present a better
opportunity.
Use TRW STOCKBROKERS STOCKS WATCH LIST FOR MULTIPLE TIME FRAME OF
DAILY, WEEKLY & MONTHLY as your trading guide
Have a Great Trading week.
|
|
INDEX
|
Ticker |
Date |
Previous |
Price |
Weekly |
Yearly |
|
NSE |
21/05/2010 |
27753.13 |
26784.90 |
-3.49 |
28.61 |
|
NSE 30 |
21/05/2010 |
1145.24 |
1109.71 |
-3.10 |
34.02 |
|
NSE BANKING |
21/05/2010 |
440.43 |
422.04 |
-4.18 |
24.38 |
|
NSE F&B |
21/05/2010 |
865.75 |
848.43 |
-2.00 |
61.08 |
|
NSE INS |
21/05/2010 |
206.11 |
197.26 |
-4.29 |
-20.78 |
|
NSE O&G |
21/05/2010 |
414.53 |
405.43 |
-2.20 |
40.74 |
|
|
WEEKLY
GAINERS
|
Ticker |
Date |
Previous |
Price |
Weekly |
|
WAPIC |
25/06/2010 |
0.59 |
0.70 |
18.64 |
|
TANTALIZER |
25/06/2010 |
0.86 |
0.96 |
11.63 |
|
AFRIBANK |
25/06/2010 |
1.95 |
2.14 |
9.74 |
|
UPL |
25/06/2010 |
6.03 |
6.40 |
6.14 |
|
BIGTREAT |
25/06/2010 |
0.68 |
0.72 |
5.88 |
|
CONOIL |
25/06/2010 |
50.00 |
52.50 |
5.00 |
|
ZENITHBANK |
25/06/2010 |
13.70 |
14.05 |
2.55 |
|
STARCOMMS |
25/06/2010 |
2.35 |
2.40 |
2.13 |
|
INTERCONT |
25/06/2010 |
1.56 |
1.59 |
1.92 |
|
WEMABANK |
25/06/2010 |
1.06 |
1.08 |
1.89 |
|
VITAFOAM |
25/06/2010 |
6.40 |
6.52 |
1.87 |
|
UACN |
25/06/2010 |
41.00 |
41.50 |
1.22 |
|
WEEKLY LOSERS
|
Ticker |
Date |
Previous |
Price |
Weekly |
|
CRUSADER |
25/06/2010 |
0.72 |
0.57 |
-20.83 |
|
COSTAIN |
25/06/2010 |
7.99 |
6.58 |
-17.65 |
|
MAYBAKER |
25/06/2010 |
6.30 |
5.57 |
-11.59 |
|
FIRSTINLND |
25/06/2010 |
0.59 |
0.53 |
-10.17 |
|
JAPAULOIL |
25/06/2010 |
1.78 |
1.60 |
-10.11 |
|
UNIC |
25/06/2010 |
0.63 |
0.57 |
-9.52 |
|
OCEANIC |
25/06/2010 |
1.79 |
1.62 |
-9.50 |
|
STERLNBANK |
25/06/2010 |
1.90 |
1.72 |
-9.47 |
|
CADBURY |
25/06/2010 |
28.77 |
26.05 |
-9.45 |
|
FCMB |
25/06/2010 |
8.35 |
7.62 |
-8.74 |
|
AIICO |
25/06/2010 |
1.24 |
1.14 |
-8.06 |
|
NIGERINS |
25/06/2010 |
1.03 |
0.95 |
-7.77 |
|
ECOBANK |
25/06/2010 |
5.00 |
4.65 |
-7.00 |
|
DANGFLOUR |
25/06/2010 |
21.50 |
20.04 |
-6.79 |
|
UBN |
25/06/2010 |
5.46 |
5.10 |
-6.59 |
|
DIAMONDBNK |
25/06/2010 |
7.62 |
7.12 |
-6.56 |
|
OANDO |
25/06/2010 |
78.00 |
73.00 |
-6.41 |
|
PLATINUM |
25/06/2010 |
1.42 |
1.33 |
-6.34 |
|
FIDELITYBK |
25/06/2010 |
2.72 |
2.55 |
-6.25 |
|
BCC |
25/06/2010 |
66.05 |
61.95 |
-6.21 |
|
NASCON |
25/06/2010 |
7.91 |
7.42 |
-6.19 |
|
WAPCO |
25/06/2010 |
40.50 |
38.00 |
-6.17 |
|
FLOURMILL |
25/06/2010 |
69.98 |
66.10 |
-5.54 |
|
NEM |
25/06/2010 |
0.56 |
0.53 |
-5.36 |
|
ASHAKACEM |
25/06/2010 |
19.20 |
18.19 |
-5.26 |
|
PRESTIGE |
25/06/2010 |
3.62 |
3.44 |
-4.97 |
|
UBA |
25/06/2010 |
11.27 |
10.71 |
-4.97 |
|
NEIMETH |
25/06/2010 |
2.66 |
2.53 |
-4.89 |
|
CCNN |
25/06/2010 |
18.68 |
17.79 |
-4.76 |
|
PZ |
25/06/2010 |
31.49 |
30.00 |
-4.73 |
|
FIRSTBANK |
25/06/2010 |
13.99 |
13.34 |
-4.65 |
|
DANGSUGAR |
25/06/2010 |
19.90 |
19.00 |
-4.52 |
|
JBERGER |
25/06/2010 |
55.00 |
52.60 |
-4.36 |
|
CORNERST |
25/06/2010 |
0.69 |
0.66 |
-4.35 |
|
INTENEGINS |
25/06/2010 |
0.53 |
0.51 |
-3.77 |
|
CUSTODYINS |
25/06/2010 |
3.51 |
3.40 |
-3.13 |
|
UNILEVER |
25/06/2010 |
23.99 |
23.36 |
-2.63 |
|
ETI |
25/06/2010 |
16.71 |
16.31 |
-2.39 |
|
ACCESS |
25/06/2010 |
8.36 |
8.16 |
-2.39 |
|
SKYEBANK |
25/06/2010 |
8.17 |
7.99 |
-2.2 |
|
NESTLE |
25/06/2010 |
367.50 |
359.50 |
-2.18 |
|
GUARANTY |
25/06/2010 |
16.75 |
16.40 |
-2.09 |
|
NBC |
25/06/2010 |
30.50 |
30.00 |
-1.64 |
|
REDSTAREX |
25/06/2010 |
3.84 |
3.78 |
-1.56 |
|
UNHOMES |
25/06/2010 |
0.74 |
0.73 |
-1.35 |
|
AP |
25/06/2010 |
37.00 |
36.58 |
-1.14 |
|
BAGCO |
25/06/2010 |
2.73 |
2.70 |
-1.10 |
|
GUINNESS |
25/06/2010 |
159.60 |
158.51 |
-0.68 |
|
NB |
25/06/2010 |
63.50 |
63.30 |
-0.31 |
|
|
For 25/06/2010 the
closing price was 25,154.25.(NSE INDEX)
Overall, the bias in prices is: DOWNWARDS.
Short term: Prices are STALLING.
Intermediate term: Prices are Trending
The projected upper bound is: 25,993.13.
The projected lower bound is: 24,218.43.
The projected closing price is: 25,105.78.
Note: these price projections are for reference only, and can be
easily exceeded by the market. market.
 |
For 25/06/2010 the
closing price was 1,041.89(NSE30)
Overall, the bias in prices is:
DOWNWARDS
Short term: Prices are STALLING
Intermediate term: Prices are RANGING.
The projected upper bound is: 1,077..91
The projected lower bound is: 1,002.84.
The projected closing price is: 1,040.38.
Note: these price projections are for reference only, and can be
easily exceeded by the market.
 |
|
For 25/06/2010 the
closing price was 387.72.(NSE BANKING)
Overall, the bias in prices is: DOWNWARDS.
Short term: Prices are STALLING
Intermediate term: Prices are Trending.
Note: this chart shows extraordinary price action to the downside.
The projected upper bound is: 407.49
The projected lower bound is: 365.65
The projected closing price is: 386.57
Note: these price projections are for reference only, and can be
easily exceeded by the market. .
 |
For 25/06/2010 the
closing price was 820.54.(NSE FOOD, BEV.&
TOBACCO)
Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
Intermediate term: Prices are trending.
The projected upper bound is: 855.76.
The projected lower bound is: 785.59.
The projected closing price is: 820.67
Note: these price projections are for reference only, and can be
easily exceeded by the market.
 |
|
For 25/06/2010 the
closing price was 187.42.(NSE INSURANCE)
Overall, the bias in prices is: Downwards.
Short term: Prices are moving.
Intermediate term: Prices are Trending
The projected upper bound is: 194.33.
The projected lower bound is: 179.68.
The projected closing price is: 187.01.
Note: these price projections are for reference only, and can be
easily exceeded by the market.
 |
For 25/06/2010 the
closing price was 404.89.(NSE OIL & GAS)
Overall, the bias in prices is: Upwards.
Short term: Prices are moving
Intermediate term: Prices are trending.
The projected upper bound is: 424.94
The projected lower bound is: 386.70.
The projected closing price is: 405.82.
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 |
25/06/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
AFRIBANK |
25/06/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
AIICO |
25/06/2010 |
+ |
- |
- |
No Trend |
Progress |
live to trade another day |
|
AP |
25/06/2010 |
+ |
- |
- |
No Trend |
Initial |
live to trade another day |
|
ASHAKACEM |
25/06/2010 |
+ |
- |
- |
No Trend |
Initial |
live to trade another day |
|
ASOSAVINGS |
25/06/2010 |
- |
- |
|
Down Trend |
Initial |
Watch Trend? |
|
BAGCO |
25/06/2010 |
+ |
- |
- |
No Trend |
Progress |
live to trade another day |
|
BCC |
25/06/2010 |
+ |
- |
- - - |
No Trend |
Progress |
live to trade another day |
|
BIGTREAT |
25/06/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
CADBURY |
25/06/2010 |
+ |
+ |
- - |
No Trend |
Progress |
Risk for short term reversal |
|
CCNN |
25/06/2010 |
+ |
- |
- |
No Trend |
Progress |
live to trade another day |
|
CHAMS |
25/06/2010 |
- |
- |
|
Down Trend |
Initial |
Watch Trend? |
|
CILEASING |
25/06/2010 |
+ |
- |
|
No Trend |
Initial |
live to trade another day |
|
CONOIL |
25/06/2010 |
+ |
+ |
+ + |
Up Trend |
Initial |
Stay with Trend |
|
CONTINSURE |
25/06/2010 |
+ |
+ |
|
No Trend |
Initial |
Risk for short term reversal |
|
CORNERST |
25/06/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
COSTAIN |
25/06/2010 |
+ |
- |
- |
No Trend |
Initial |
live to trade another day |
|
CRUSADER |
25/06/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
CUSTODYINS |
25/06/2010 |
+ |
- |
- |
No Trend |
Progress |
live to trade another day |
|
DANGFLOUR |
25/06/2010 |
+ |
- |
- |
No Trend |
Progress |
live to trade another day |
|
DANGSUGAR |
25/06/2010 |
+ |
- |
- |
No Trend |
Initial |
live to trade another day |
|
DIAMONDBNK |
25/06/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
ECOBANK |
25/06/2010 |
- |
- |
- |
Down Trend |
Progress |
Watch Trend? |
|
ETI |
25/06/2010 |
+ |
- |
- |
No Trend |
Initial |
live to trade another day |
|
FCMB |
25/06/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
FIDELITYBK |
25/06/2010 |
+ |
- |
- |
No Trend |
Initial |
live to trade another day |
|
FIRSTBANK |
25/06/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
FIRSTINLND |
25/06/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
FLOURMILL |
25/06/2010 |
+ |
- |
- - - |
No Trend |
Progress |
live to trade another day |
|
FTNCOCOA |
25/06/2010 |
+ |
- |
|
No Trend |
Initial |
live to trade another day |
|
GUARANTY |
25/06/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
GUINEAINS |
25/06/2010 |
|
|
|
Down Trend |
Initial |
Watch Trend? |
|
GUINNESS |
25/06/2010 |
+ + |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
HMARKINS |
25/06/2010 |
|
|
|
Down Trend |
Initial |
Watch Trend? |
|
IBTC |
25/06/2010 |
+ |
- |
|
No Trend |
Initial |
live to trade another day |
|
INTENEGINS |
25/06/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
INTERCONT |
25/06/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
JAPAULOIL |
25/06/2010 |
+ |
- |
- |
No Trend |
Initial |
live to trade another day |
|
JBERGER |
25/06/2010 |
+ |
+ |
- - |
No Trend |
Initial |
Risk for short term reversal |
|
LASACO |
25/06/2010 |
- |
- |
|
Down Trend |
Initial |
Watch Trend? |
|
MAYBAKER |
25/06/2010 |
+ |
- |
- |
No Trend |
Initial |
live to trade another day |
|
MBENEFIT |
25/06/2010 |
- |
- |
|
Down Trend |
Initial |
Watch Trend? |
|
MULTIVERSE |
25/06/2010 |
|
|
|
Down Trend |
Initial |
Watch Trend? |
|
NAHCO |
25/06/2010 |
+ |
- |
|
No Trend |
Initial |
live to trade another day |
|
NASCON |
25/06/2010 |
+ |
- |
- |
No Trend |
Progress |
live to trade another day |
|
NB |
25/06/2010 |
+ |
- |
- |
No Trend |
Initial |
live to trade another day |
|
NBC |
25/06/2010 |
+ |
- |
- |
No Trend |
Progress |
live to trade another day |
|
NEIMETH |
25/06/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
NEM |
25/06/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
NESTLE |
25/06/2010 |
+ + + |
+ + + |
- - - |
No Trend |
Progress |
Risk for short term reversal |
|
NIGERINS |
25/06/2010 |
- |
+ |
- |
No Trend |
Initial |
trading range-avoid |
|
OANDO |
25/06/2010 |
- |
- - - |
- - - |
Down Trend |
Initial |
Watch Trend? |
|
OCEANIC |
25/06/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
PLATINUM |
25/06/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
PRESTIGE |
25/06/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
PZ |
25/06/2010 |
+ |
- |
- |
No Trend |
Progress |
live to trade another day |
|
REDSTAREX |
25/06/2010 |
+ |
- |
- |
No Trend |
Progress |
live to trade another day |
|
REGALINS |
24/06/2010 |
|
|
|
Down Trend |
Initial |
Watch Trend? |
|
SKYEBANK |
25/06/2010 |
+ |
- |
- |
No Trend |
Progress |
live to trade another day |
|
SOVRENINS |
24/06/2010 |
|
|
|
Down Trend |
Initial |
Watch Trend? |
|
STARCOMMS |
25/06/2010 |
+ |
- |
+ |
No Trend |
Initial |
trading range-avoid |
|
STDINSURE |
25/06/2010 |
- |
- |
|
Down Trend |
Initial |
Watch Trend? |
|
STERLNBANK |
25/06/2010 |
+ |
- |
- |
No Trend |
Initial |
live to trade another day |
|
TANTALIZER |
25/06/2010 |
+ |
- |
+ |
No Trend |
Initial |
trading range-avoid |
|
UAC-PROP |
25/06/2010 |
+ |
- |
|
No Trend |
Initial |
live to trade another day |
|
UACN |
25/06/2010 |
+ |
- |
+ |
No Trend |
Progress |
trading range-avoid |
|
UBA |
25/06/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
UBN |
25/06/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
UNHOMES |
25/06/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
UNIC |
25/06/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
UNILEVER |
25/06/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
UNITYBNK |
25/06/2010 |
+ |
- |
|
No Trend |
Initial |
live to trade another day |
|
UPL |
25/06/2010 |
+ |
- |
+ |
No Trend |
Initial |
trading range-avoid |
|
VITAFOAM |
25/06/2010 |
+ |
- |
+ |
No Trend |
Initial |
trading range-avoid |
|
WAPCO |
25/06/2010 |
+ |
- |
- - |
No Trend |
Initial |
live to trade another day |
|
WAPIC |
25/06/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
WEMABANK |
25/06/2010 |
+ |
- |
+ |
No Trend |
Initial |
trading range-avoid |
|
ZENITHBANK |
25/06/2010 |
- |
- |
+ |
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
|