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).

MARKET IS RECOVERING 11 APRIL 2024
We should be happy and for active people like me, this zero commission by some brokers is a game changer. Now all I need to concern myself is take the good trades. It is either no commission or just 1% to 1.5% commission.

However, Chaka need to look at their policy too many good stocks are not on the platform, it is now when they become expensive that the platform will now add them. We know they (Chaka are deaf, I don't know they are dump too[/i]). As much as possible we will do whatever trade is possible on their side, and then take the rest of our trades somewhere else (TROVE IS A GOOD ALTERNATIVE).

Today, we add more to our [i]NVDA position. The stock has good pullback pattern today. To find the trade, we sold one of our slow moving oils stock BTE

A TOUGH DAY IN THE MARKET TODAY
For today we continue playing on the defensive, we added more to our dividend paying portfolio, bought PBR and added more to our crazy dividend paying blockchain ETF.

For this market, we are taking things more serious. The biggest loss we will allow in any postion will be 25% ( at least we can recover from this fast, and would be be fat less than 1% of our total portfolio value).

Actually, our magic is dividends, we do not bring new money to the market. Also, we can flip our underperformibg stock to buy a better one. For whatever Fed will say, tommorrow we will see it. Earnings or CPE may come to the rescue of the market.

Wishing everybody longevity in this market. Not easy but we continue to improve on our tricks of dealing with whatever market may bring.

CPI IS NEGATIVE WHAT NEXT?

Naturally immediate effect is negative, but we should wait till later today for Fed February minute, plus tomorrow's CPE report.

The Fed has a very tough job of doing the needful to keep the hope of Democrat presidency intact. Either by hook or crook, the Government will try to ensure that rate cut do not disappear from the scene. Let us fold our hands and be looking.

Equally, let us see it tge current earnings season will be as good as tge last one.

Nevertheless, let us be ready to manage our risk. Market can go anywhere and all we need is just play along. We should be prepared to short if necessary or ready to stay on the sideline.

Wishing all the best.

THE MARKET IS KEEPING US GLUED TO THE EDGE OF OUR SEATS
The market is highly volatile at the moment, next week would be worst as we expect another inflation data on Wednesday and tge easy GDP report on Thursday.

These days, I do not bother about news. The charts tells me what the news is and what I do is assess the news based on what the charts are telling me. Like today, the chart is telling me, to be prepared to continue taking profits on my bitcoin related stocks and that generally, AI should have some cash set aside to capitalized on lower prices that are coming soon.

I NOW realize why best services are from paid subscriptions. A serious service provider will be on his desk working out how to make the subscribers profitable. Trading with your winnings wiping out your profits and for months you don't see growth in your accounts is not an interesting situation!!!

We must be prepared for hardwork and readiness to pay for necessary resources whether it be fast computers or paid signal services. We cannot know everything (it is not possible), we may need to pay for seminars/books/tutorials.

So, for our caucus we will only buy strong stocks as defined by RS, not the more popular RSI

MARKET PLAN FOR 4 APRIL 2024
The Fed people are trying (but we hope it is not the Government that is pushing them to ensure that market does not go down, TRUMP is an entrenched friend of the market, so democrats may want to show the businesses, that democrats too love the market (again this is bringing the situation in Nigeria into mind, when everybody wanted to buy the shares MSCI Nigeria was selling and fundamental did not matter again). So, this is a good idea we can play on.

Happy investing. We look forward to another green day. Market is not easy, but we can learn to navigate with time and a good guide.

THE FED IS NOW OUR FRIEND
It seems anytime FED people are speaking, the market must go up. This was nit tge case before!!! For our caucus, please check what we bought today. It is just in line with what I have been posting here. In

WHAT DOES THE MARKET HAVE FOR US TODAY:

MARKET PLAN FOR 3 APRIL 2024
Looking at the activities in the early morning/Asian season. Highly probable that we see some recovery today's as per the pre-market gainers having some heavy weights [/b]from S & P 500 showing up in the gainers list.

Also looking at intermarket analysis, GOLD still has some postive move to make, while Oil
looks fairly weak.

[b]Happy day to all. Again we remember our GO (OAKPEAL) today. God should continue to protect him and the anointing to read the market should increase and for us (AREMSO, ZAGEE, PENBOY & Others that I have not name) let us keep the flag flying "THERE IS MONEY HERE"

TO TRADE WELL IN THIS MARKET ONE NEED LONGEVITY PLUS AN EDGE

Market is down today. It is okay not too suprised, the profitable traders need to cash out from time to time.

No, I am getting to the point where, I can say I am using some dangerous scanners. Yes, I use technical analysis, buy the technical analysis only pick up "alpha stocks". So, I can say the technical analysis incorporates some element of fundamental analysis.

Just like a member in our caucus asked me if I am buying stocking trading at 52 weeks high, I said no and true I went to scan for stocks at 52 weeks high, for me this 52 was just like a random picks of stock without our kind of quality.

So, I will ask that we should continue to be students of the market, fir example today we bought PBR fot our coffee can position (if you are hearing coffee can for the 1st time, please google "coffee can investing strategy so you understand what I am saying.

Wishing everybody the best. If you are in blockchain stocks, let us defend our postion by ensuring that profits does not turn to losses.

MARKET COMMENT 2 APRIL 2024
Today a lot of traders are going to sweat in this market. It is time to take some profits off the table especially in blockchain stocks.

Let us take profit, it is sometimes necessary. Opportunities in CHINESE, and metals/materials

MARKET OPENING BULLISH ON THE 1ST HOUR OF THE AUSTRALIAN SEASON
When the US stock market opens, we are likely to see the bulls opening the dance floor for the week.

This is a good time to be in this market. The market has sidestep all the bearish bombs!!!

CPE INFLATION FIGURE WAS FAVORABLE
On Monday we look forward to the market opening on a bullish note.

WHAT IS MARKET EXPECTATION ON RATE CUT
Expectation of rate cut is what is keeping the market bullish (FED has assured of rate cut, but the time it will start is uncertain). We need tave this behind our mind so that when we see anything rate cut, we need to read the article to the end (will rate cut in the future still happen? This is what is important) . Actually for political reason, it will be suicidal to totally abandoned rate cut, to abandon rate cut mean the risk of democrats losing the election is higher and may mean handling the Presidential ticket to Republicans. The US is not like the undeveloped world like Nigeria where the welfare of the masses is taken for granted (rate hike means higher prices for goods/more suffering for the common man on the street) ,

Also to understand further, Le us read this:https://www.investing.com/news/stock-market-news/us-stock-futures-edge-lower-as-hawkish-waller-cools-rate-cut-hopes-3356004

Rate cut is a torchy matter, I am sure the FED are having a tough time on this rate cut matter. However, to align with the Government political objective (avoid saying or projecting that Government does not care if people will suffer), FED are having a heculian task, especially if inflation keep rising!!! On the whole, technical analysis will help us in knowing what to do without having to know too much economics or predict the future, we move along with the market dictates!!!

Conclusion: bullish hope is kept alive, all hinged on expectation that rate cut will happen, starting sometimes this year!!!