TODAY WAS NOT A BAD DAY
Nvidia delivered as expected. This our stock business is real business. Lately I have been busy on another area where technical analysis is useful.

Having a mentor is good, my dream of trading the other side (let us be talking in coded terms here sometimes). the spoilers of good things are in so many threads that before you know it they may start reporting what they do not have full knowledge about to their masters (who reported OPAY and Co to Government).

So, I am happy in this forum, I will forever, continue to remember our GO (OAKPEAL) , whose legacy we are enjoying today).
May he continue to have the mercy of God following him everywhere he goes.

Going forward, it seems king Dollar is about to regain it's MOJO back (a little bad for stocks, but equally good for some type of stocks, gold inverse and if you know how to short Gold, Good luck).

TODAY IS A LIKELY BULLISH DAY
NVDA delivered as expected. So today we are likely to see a strong uptrend day.

Other TECH stocks should benefit.

MARKET LOOKING FORWARD TO A BULLISH DAY
Meme stock seem to be cooling down, today is for heavy weight stocks, so the US stock index will likely be bullish for the day.

For local platform with penny stocks, Trove is good, but note the minimum commission charge. If you want penny stocks foreign brokers are your best bet or you move to forex, where NGN10k will get you started (for this you can DM me)

Let us all have a nice day

CHAKA HAS BEEN RESPONSIVE ADDING MORE TICKERS.

So if there is a ticker that you see on a platform like Trove that is not on Chaka, just let us know and I will email Chaka to add it.

However, on my side, I will only e-mail Chaka if the stock has a minimum market cap/AUM of up to $300Million.

We are going to have a good time in this forum as we get more stocks added in a platform like Chaka.

I WANT TO TELL CHAKA TO ADD "BITO"- TODAY

Try it. You will see it is not in the platform.

Before close of market today, it may be added to the platform.

So let us see.

WITH TIME WE WILL LEARN TO OBEY ONE OF THE CARDINAL RULES THAT REAL & PROFESSIONAL TRADERS FOLLOW
We should not trade earnings? Trading earnings can be tempting, but it may likely lead to a large loss if for any reason the market fails to accept the earnings (some stocks go down on good earnings SMCI, UBER etc are examples).

Somehow, market seem to have made a small recovery at tge latter part of tge trading day. So tommorow, although looks unusual toward the weekend, we may see some recovery.

Wishing everybody a good night rest. To mm9row will be another day. Today, we resisted the temptation tk put back our proceed from exiting a trade back into the market!!! We just need to learn to may, there are days that is not safe

TARGET TECHNICAL MARKET COMNENT 8 MAY 2024
Tiday is an equal opportunity chance for the bull/bears. So we may start going into cash.

A WEEK LIKE THIS WITH NO HIGH IMPACT NEWS!!!
This week should be a sweet week, with RUSSEL, technology and communication section showing bullish chart pattern.

The week should rank high in terms of profit for our portfolio.

There is no looking back, there will be longevity in this market as long as we learn how to play it.

Wishing everybody a sweet trading week.

Aremsssoo:

I think I asked for a ticket to be added on bamboo too but they sent me list of criteria it will meet before it can be added.

Good, you can post the criteria and then we can start sending our favorites tickers to the various Nigerian platforms. The foreign based platforms have no problem (average availble stock is over 6000- six thousand minimum). Here, Chaka is most affected. Chaka is a platform that is strong due to financial capacity/reputation/experience of the founders (they have been a SEC Nigeria Broker for ages!!!). So, you can see why some of us are endear to Chaka (longevity in stock broking business at least for the family of the Founder)
.So they have a name/reputation they can protect and guard jealousy.

CHAKA SHOCKED ME WITH ONE OF THEIR BEST RESPONSES TO A CUSTOMER'S REQUEST
During the week CHAKA added on new ticker to their plaform!!!

It was done just because I asked for it (I have checked the ticker 0rior to making the request, it was not there. All I did was to tell them to add the ticker and I gave then the following details:

Ticker name: xxxxx
Approximate Market Capitalisation: $373million

And in less than 10 minutes I got a message that the ticker is now available on Chaka (they even sent me the screen shot).

I thought it was a joke (actually there are some thickers available in Chaka, but if you trade them , it will never be executed, like YINN or the inverse, SOXS, BSM), so I was thinking this may be those tickers that are available, but your trades may be REJECTED, so I put in my order, voala it was executed tge stock hit my account. Again, second day I bought the stock again.

So, if you have a favorite stock and you are on Chaka, just try and as for it. And if your request is turned down, let us ask the for the criteria they use in putting a ticker on their platform. For example a stock like GCT, is not there, but this stock is making waves in the market ( I did not border to ask, as with about 3 active alternatives, there is a limit we should push things).

Going forward into the new week, Monday may probably start on a bullish note, as the type of employment report on Friday favour's rate cut, and rate cut creates excitement for investors.

TARGET TECHNICAL MARKET UPDATE 2 MAY 2024
Higher for longer rate is still in play, we maintain our current position of being long term bullish, but we want to slow down as there is much risk in the market. Chinese stocks are comming up strong. We have mantioned some Chinese stocks for our Caucus members.

Wishing all safe investing

TARGET TECHNICAL MARKET COMMENT 30 APRIL 2024
The market still looks dull, but from tommorrow, we may see better move in the market. The reason for this is that a lot of big names (AMZN, AMD, SMCI, STLA etc). are going to release their result. The 1st 3 had to do with AI and as we know the noice about AI, it is the wave making trend in the market, performance of these stocks will affect the market especially the TECH sector.

TARGET TECHNICAL MARKET PLAN FOR 29 APRIL 2024
Today we will use the 1st trading day to assess how the market will behave. Chinese stocks are looking fairly good and we néed to watch our selected stocks for stability

TARGET TECHNICAL MARKET PLAN FOR 26 APRIL 2024- NIGERIA MARKET
we hold tight to our cash for the time being. Government at the moment seems to be running out of ideas to improve the economy, so the bearish drum beat continues.

However, the good news is that we have penciled some stock down for purchase as we believe the market may likely recover soon. Example is MANSARD: our buy point is around: 5.10 and as usual our caucus members have the full details.

TARGET TECHNICAL MARKET PLAN FOR 26 APRIL 2024
MSFT, GOOG release good earnings and this is lifting other stocks. So, we still give priority to tech stocks and we expect a bullish day/weekend

MARKET STARTED ON A TOUGH NOTE BUT IS ENDING WELL TODAY
W hope Microsoft and Google will deliver good results so that the fear in the market can reduce

TARGET TECHNICAL MARKET PLAN FOR 24 APRIL 2024
Early indicator is indicating that we should be prepared for a bull run for TECH on market opening.
The charts are giving so much information, even before the news.

N:B-- For anybody that is listening to youtube stock recommendations, we need to be careful (it is difficult to win in the medium timeframe, listening to those YouTube stock picks). Reason for this is that these youtubetrs are influencers that are paid big money for PROMOTING STOCKS, so for them they do not expect to make money through those recommendations, they have already been paid by the indirect advertisers a far bigger amount than they will ever make from investing in thr promoted stock.
. Wishing all, a profitable trading day.

aremso:
NYSE wants to introduce 24/7 trading just like crypto, gurus how can this affect us positively and negatively?

This should be neutral. Most activity/high volume will take place during normal hours. Just like futures now. It is a 24 hrs market, but bulk of trading takes place when the major markets are opened.

The only risk here is if we attempt to trade when market (US) market 8s not opened, it is extremely risky, you can pay $10 for a $2 stock. So, we need to restrict ourselves to normal market hours. Even for forex, same caution applies, only trade when there would be liquidity in the market.

TARGET TECHNICAL MARKET PLAN FOR 23 APRIL 2024
The market is still in a early fearful stage so we thread softly (out of the 2 legs of the market, one has been amputated-- higher for longer rate, while the earnings leg is just tge one remaining, and this is fairly a weaker Stand for market stability). Bitcoin sector is good, ENERGY is equally trying to maintain stability. Generally commodities are down, but may not be too long if China is able to see some stability.

MARKET PLAN FOR 22 APRIL 2024
The market is likely to open the week in a challenging mode for stocks. With earnings being the main catalyst left on the table for the market, it is a 51 49 probability for the bear bull relationship. Any slip in earnings from any of the big stocks, especially NVDA may likely send the market to a strong downward spin.

For now, one of the sectors that the odds favour for uptrend are the bitcoin related stocks (they have been beaten down to some extent and with halving risk off the table, let us see if more money will enter the stocks)

MARKET UPDATE 19 APRIL
In a volatile market like this defending our capital is vital. So, we need to watch our stop loss closely.

TARGET TECHNICAL LIVE MARKET UPDATE 18 APRIL
Market looks good today, some optimism is returning. What I even like more about the state of the market today is that, there is fewer news that will disrupt the market. The only news that may pose some challenges is PCE next week Friday.

Energy and Teh sectors are not looking bad. And buying some beaten down stocks for the "coffee can" is equally okay.

MARKET PLAN FOR 17 APRIL 2024
With rate likely to stay same or go up if inflation increases, the FED has now let the market to find get own level. Temporary we want to slow down and our guide will be the chart of our indicated stocks going higher above the opening price after 30 minutes of market opening.

LET US BE READY FOR A TOUGHER MARKET
The unexpected has happened, inflation has won the fight against rate cut expectation.

https://www.investing.com/news/economy/powell-says-recent-inflation-data-point-to-need-to-keep-rates-higher-for-longer-3380757

Now we need to add some shorting to our strategies. So it is back to the drawing board.

We will not panic, now it is the quaterlibg earnings that will determine the next direction of the market. Now the dollar is going to be stronger? What are we to do. Let us face the task of Managing our trades. Trading is serious, this is the reason we should avoid distractions when we are planning our trades.

At a time like this quality of our stocks matter. It is very unfortunate that we will see more people being washed out of the market. So expect some people to become quiet, some people that you see that have made comments may not be able to make comment aga, due to dicipation of their trading capital

MARKET LOOKING PRETTY DIFFICULT TODAY
This is a point where book fundamentals can make somebody mad. However, the chart/what is happening live will give us the headway. One of the thing we need to learn at a time like this is how to edge our portfolios (in Cas we do not want to sell the stocks that are likely to be impacted by the downturn).

Wishing everybody the best. Again China is dissapointing, as it is trailing the issue that US is contending with.

For those of us using brokers with zero commission, going in and out of the market frequently should not be our worry, as commission burden is off our neck.

Wishing all the best. We should avoid panic, we should do what we need to do (get out, wait or hedge) as necessary.

TARGET MARKET COMMENT FOR 14 APRIL 2024- US MARKET
Today is a day that NO ACTION may be the best action.

Market looking bad for both commodities and stocks. However, we want to see what the 2 Fed speakers will say on the update for rate cut.

Generally we are preparing for the short side, but this may be too early. We are looking at China (Government has done a lot of things to ensure the market picks up, but nearly all incentives are still not effective). This China situation is nearly similar to what Nigeria will go through, if the Government policies have destroyed the foundation for which business growth (Government was chasing Jac Maa all over the place and even stop him from doing IPO for one of the businesses at a time). Now some of the Chinese entrepreneurs has moved their businesses out of China for good, so all the Government policies for business growth now seems to be like future trap and son the big businesses are ignoring any need to grow their businesses in China. So, we have to approach opportunity to buy Chinese stocks with care, but we hope the present Govenment incentives will yield some positive results.

So today, we should keep our cash market is looking very dangerous. We will have a better few after the market consider the pronouncements from the 2 Fed speakers.

One of our plan is to short gold and the others will unfold subsequently.

Also for Nigeria market, the current zone is good area for big money to sell, so we may see more pullbacks (and more is still expected, as the Government is still in the stage of being hostile to businesses)

yok:
NIGERIA BREWERIES STOPPING OPERATIONS ON SOME PLANTS
This may not be that fresh. Sorry, I don't read news so much. I am more conversant with the charts.

Okay. Is old news. My big worry is that this Government and some people did not know what damage this Goverent has done to the economy. In 2 years time we will see the extent of damage. This is a Government many business people do not trust (like one MD of a business, the business is small probably generates turnover in single digit billion Naira range, the person express fear for businesses when we have a tax contractor (Alpha Betta related) as our President. Except something change for the positive from the Government side, so many multinational will exit and many local business may become history. It is already happening with the worsening power situation plus the less power now available now commanding double the tariff rate that was in place before this new hostile Government.

No wonder in our private forum, we observed that no Manufacturing stock is in buy zone these days. Then we just said, the answer is clear, look at the recent results/projections for next few quarters, only a good gambler will buy the manufacturing stocks with confidence or someone is using stolen funds (we know where the bulk of the funds are stollen from, the Government covers of course)

Okay let us see what will happen in the next 2 years? .

NIGERIA BREWERIES STOPPING OPERATIONS ON SOME PLANTS
https://nairametrics.com/2024/04/12/nigerian-breweries-to-suspend-operations-in-two-of-its-nine-production-plants/

This may not be that fresh. Sorry, I don't read news so much. I am more conversant with the charts.

MARKET IS ABOUT TO DO A Reset!!!
As we prepare for the new week, we need to slow down on buying. If nothing unsual happens to keep the bullish expecting alive, we may see the bear on full throttle.

So we should be prepared to take some of out money out of the market (temporarily). Then we should be prepared to start playing on the short side. From the look of things, among the 1st casualty of th8s bearish move may be the Gold stocks.

So, not a time to panic, let us look at our portfolios on Monday/Tuesday, we should see how the market is playing out and then see other sectors that will be bearish (Gold and blockchain industries are pencil led down already).

Wishing all the best, at a time like this no stock is safe, a big bear is likely to bring the prices of most stocks down including the blue chips (you can can check the price chart for: VZ, PSX, T, PFE etc they are I strong downtrend). Agains, conclusion is don't panic, mark down those stocks you need to sell af chats are bearish, not those you are to sell and take profits and you may rebuy at lower price. Losses are normal ( but we should keep them to manageable level, 25% of our purchase price, if you are well diversified this should be around 2% of your portfolio value). This may also be an opportunity for some of us with too many stocks in our portfolio (some have over 40) to look forward to consolidating some of the stocks such that we will have a portfolio that make us to forget that we even have some stocks, only for us to check one day and see that we have a stock that has been falling heavily, which we should have sold long ago).