What is a market order?

A market order is a buy or sell order to be executed immediately at current market prices. As long as there are willing sellers and buyers, market orders are filled. Market orders are therefore used when certainty of execution is a priority over price of execution. A market order is the simplest of the order types.

Major & Minor Diamond Buy May 16, 2018

Major

KLSE

AEON CREDIT SERVICE (M) BHD
closing price (minor green diamond) 14.20

Nasdaq

Momenta Pharmaceuticals Inc Common
closing price (major green diamond) 22.65

Minor

KLSE

LEE SWEE KIAT GROUP BHD
closing price (minor green diamond) 0.83

NYSE

Tennant Co Common
closing price (major green diamond) 75.28

Nasdaq

Matrix Service Co Common
closing price (major green diamond) 18.15

Wide diversification...

In the beginning, diversification is relevant. Once you've gotten your feet wet and have confidence in your investments, you can adjust your portfolio accordingly and make bigger bets.

Major & Minor Diamond Buy May 15, 2018

Major

KLSE

DIALOG GROUP BHD
closing price (major green diamond) 3.32

NYSE

Moelis & Co A Common
closing price (major green diamond) 57.70

Nasdaq

Tecogen Inc Common
closing price (major green diamond) 3.58

Minor

KLSE

RHB CAPITAL BHD
closing price (major green diamond) 5.48

NYSE

Acorn International Inc ADR
closing price (major green diamond) 28.98

Nasdaq

Loxo Oncology Inc Common
closing price (major green diamond) 140.58

To live is the rarest thing...

A good inspirational quote to ponder about.

EcoPetrol SA ADR - May 16, 2018 (Weekly Stock Pick)

Based on EcoPetrol SA ADR weekly chart, a clear smart money campaign happened from accumulation (stage 1) followed by mark-up (stage 2). Smart money took a 5 months, from May 2017 to Oct 2017, to accumulate, with the evidence of Sign of Strength as iVSA chart above. EcoPetrol SA ADR broke through the resistance level in Oct 2017 with volume. Smart money continues to mark-up the price in few weeks after the breakout.

Price is consistently moving upwards. EcoPetrol SA ADR reached maximum high and we can see great profit taking have take place. To ensure the smart money continues to participate on the uptrend, we prefer to wait for more Sign of Strength.

Weekly Market Outlook for FBM KLCI by iVSAChart - May 16, 2018

In the past few months, KLCI market was remarkably moving upwards, In a few days, it started moving sideways.

A recap of FBM KLCI recap market outlook is noted below:

Looking at the Major Green Diamond Buy Signal on March 22, 2017, 1873.00 was the closing price. According to iVSAChart ATA Diamond observing the bar next day, the buy condition has been triggered.

Based on the 6-month period chart, on April 4th, we noticed the Red Diamond (sell signal) appeared. There has been slight decrease about 2.51% on FBM KLCI, within the last couple of months.

With closing price of 1873.00 noted on April 11, 2018, trend reversal which indicates Sign of Strength together with both Green Diamond Buy Signals.

The Red Sell Diamond (sign of weakness) appeared on April 4, 2018, but Sign of Strength was spotted on April 11 and 18, 2018 but red sell diamond reappeared on April 24, 2018. This state that the market has started to weaken, despite the strong signals that rallied in the past few months.

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Disclaimer: This post is meant for information sharing. It does not served as trading ideas for buy or sell. Please do your research and practice prudent risk management as you are responsible for your own decisions.