₦airaland Forum

LIVE MARKET UPDATE June 23

Trump seems to be in control of everything,
warns against increase in price of oil(
https://www.investing.com/news/commodities-news/trump-says-everyone-should-keep-oil-prices-lower-following-us-strikes-on-iran-4106165)!!! Can this hold

From the look of things, it is possible that Trump pushed Israel as a front for this war, part of the reason is the fact that, further drilling of some areas which have been suspended by Bidden where released not too long ago. But, we should be in the conservative side, Iran is like a drowning man and in effort to make the last struggle before giving up will like to spring a suprise.

If you ask me how is market, I will say you need to join to see how sweet it can be if you are on the right side. Especially if you have stock like CONL, TSLL in your portfolio

Happy day to everybody. And once a while I dabble into penny stocks too, but I hold for very short period and I use money I can afford to loose (you know with zero commission you can put $1, $5 here and there and sell the following day and if loss hit 20, 35% I sell and forget). Just that we idolised some things $1 is just 1600, $5 is 8,000 so if I loose 30% of NGN8k what will be my stress, zero!!!

[quote author=layzie post=135832319]Good job @yok. Your posts keep this thread alive.

For Nigeria stocks. Go with MORGAN CAPITAL. For now this is the best APP for me and you, you cannot get any service better than what they will give you. Problem free trading, no human interventions, everything is smooth

ANOTHER DAY NEARLY WRAPPED UP/OPINION ON WHAT TO DO WITH CHAKA/TROVE/BAMBOO AND OTHER LOCAL PLATFORMS
Many times when I look at current prices of stocks that were once one of the best few days/months back, but have now fallen in price, I pity those that have little knowledge of technical analysis but believe they can trade/invest in the Global stocks, this is a very brutal environment.

For our local platforms, I am seeing them as old fashion (although not their fault. The technology that drought zero commission trading seems to have nearly rendered the local platforms obsolete). So, for me personally, I will try to use the local platforms for investing on dividend paying stocks/medium term holdings, while my main trading activity moves to the zero commission brokers. Where I pay zero commission, I can buy/sell, buy sell without the worry of my money sipping away via commission. This may be a way we can capitalise on the local and foreign Platforms, but problem now is that the local platforms will see less transactions, but generally if most of us recover some of our old losses, we may do more business with the local APPS.

But this commission thing does not affect Nigeria stocks, especially with the recent activities in the local exchange, since all players are paying the same commission I am paying, there is no complain. But in the global market where many are not paying commissions (this is the reason you see people talking day trading so much), if they are paying commission, I am sure the volume of daytraders will reduce). So somebody using Chaka/bamboo and saying he want to do day trading is practically deceiving himself, the rule that you cannot buy and sell the same stock in one day still applies except you are trading with $5,000 or thereabout, but I am not totally up to date here (again advent of technology/new stockbrokers could have reduced the minimum balance required to daytrade).

Wishing all happy weekend

Premarket Opening Comment 20 June
Another happy day as market is opened today. The Global market is like an open money making arena with not too high risk.

Today the Premarket is favouring the blockchain stocks.

For our Caucus our love market update should come withing one hour of market opening.

Wish all of us a profitable day.

TODAY WAS ANOTHER INTERESTING DAY IN THE MARKET
For us this is the best market to be. What I like in particular used to be the oil stocks/MLPs tat use to pay fanstastic dividends, but now not as before. But nevertheless other types of investment products have come on stream that ever pay higher yields than what the oil stocks used to pay.

Tommorrow 19 June is holiday for the US market, let us have a good rest and then come back on Friday refreshed (we hope Iran will not blow off the markets), for now no Country will support extremely high oil price, the Tariff has already done enough.

Which industries are in play at the moment: blockchain, Energy, Semiconductor, Uranium, Gold (this will continue to be relevant due to fear of inflation and now Iran/Israel war).

Premarket Opening Comment 18 June
Market looking fairly okay this morning. Oil spike has reduced, so stocks may resume uptrend.

DO YOU KNOW THAT SETTLEMENT PERIOD FOR US STOCKS IS "T+1
This week a Nigerian stockbroker confirmed that for Nigeria Market is T+3, yes correct the new T+2 is to start from November 2025.

But for US stocks, if you sell today, you can withdraw the proceed tommorrow, Chaka is king here on the 2nd day you press transfer and your alert will sound within 3 minutes of pressing the transfer button, 100% for Chaka here. On the other hand, Trove has added the Nigerian factor and made it t+3 via the backdoor, you press the transfer button and like they tell you "transfer will be concluded ater 2 business days and until after 2 business days after you process your withdrawal, the money will not drop into your account". And I will say Trove is still manageable, at least you get your money but delayed for extra 2 days when compared with CHAKA'S withdrawal.

For vest, I have not tried withdrawal, but you know that you can withdraw directly to you Nigeria bank just like you do with Chaka or Trove. Opening account with Vest is compelling now with the way CHAKA is becoming non challant to Customers complaints and Troves minimum commission clause. Also, if there is a Stock you cannot get in VEST (you email them and they tell you it cannot be added), that stock will not be an investable stock.

Today market not too bad. Inflation report saved the day.. Happy investing to all. This is a forum to be

Geist:
What is your advice on Securities lending? Is it generally a good turn on that extra feature?

_______________
Most brokers do it. They lend securities to Hedge funds and other big players. Here the broker is responsible for all the risk involved. You as the owner of the securities get some nominal payments.Vest Investment does it if you agree and from time to time they credit the interest/dividend for whatever has been lent out to your account, but amount is always very small.

There, is no big risk to your account. I believe most stock brokers in Global stocks do it and it is only the truthful ones that tells you and pay you the interest (Pls don't start suspecting some APPs for not paying you from security lending), but you are free to ask your platform why you are not getting paid for security lending?

MARKET UPDATE- US STICK PICKS
Today the market is looking forward to a weak non farm payroll as a catalyst for early than previously envisaged Fed Rate Cut.

So all things being equal, expect a bullish day. And if Trump also reach more agreement with Chinese President, expect the market to blow up.

How do we trade this and which stocks can we buy? The Caucus has the answer and our members have stocks to watch for today.

Wishing all ha. Eid Holiday.

MARKET UPDATE- US STICK PICKS
I am enjoying this Global market due. This market is like a mini ATM with the advent of weekly dividend paying stocks and many more stocks joining in paying dividend weekly, this s game changer.

Sorry that r not posting, this shit business is sometimes a very serious business, especially when you are weighted to a particular sector and you try to diversify. Diversification is very essential for longevity in the market. So, do not be in penny stocks 100%, I will not be in 100% dividend stocks too. We have to try and strike a balance.

Happy Eil-de Kabir to the Muslims. For us business continues tommorrow and Monday, but don't pity us we love it. [color=#006600][/color]Actually making the stock market open is in CBOE and will come in some years time.

TARGET TECHNICAL ANALYSIS MARKET COMMENT
Today will be a bullish day. So for Caucus we told the member to buy early 16 minutes after market opening. All the stocks on our watchlist today should put money in our pocket. We even look at a situation were we are buying what one big money is buying this big money must have done all the work, we just ride on their back.

For the big money reason, I am selling one of my loss making stock and buying that stock: N-- - S and - - - V

Happy Eid to the Muslims in advance and for all,let us enjoy this likely green day

Geist:
Is it possible to move stocks from trove to chaka or vest?

It is possible. Send email to the new place. Tell them that you want to move your accounts. They will give you the terms and if you agree, you can start the process

yok:
TODAY- CHAKA'S PLATFORM IS DOWN

Matter seems now resolved, just execute some transactions

TODAY- CHAKA'S PLATFORM IS DOWN
Our local brokers need to improve. CHAKA'S Platform has not worked since the market opened. They have been informed prior to opening of market but they never responded!!!

Sometimes we just try to tolerate these our local Apps.

No problem, we will continue to follow up.

MARKET UPDATE 2 JUNE- DON'T BE A QUACK TRADER
Today is a day where there was a lot of juggling to prevent our portfoliod from going negative in the early hours of the market. Again without a strong foundation in technical analysis (plus zero commission broker), I don't know how one would have been able to go through the juggling process of trading in and out of about 3 stocks, that is 6 trades. If I am using Trove $1.50 (One dollar fifty cents), that is the minimum commission would have gone to the broker.

We executed our trades as planned,sold some stocks and replaced them with another. But our 3 musketeer stocks stays in our watchlist.

Today taught us that we should not hold on too tight to any stock even if NVDA or TSLA. The only stock I will accept if it is going down are dividend paying stocks and here the sector matters fro time to time. When I look at stocks like EDIT, SAVA. even NIO. these were stocks in the $100 to $50 range in those days, but have now become penny stocks, I now accept that there will always be few people that can be in this forum for long or be making noise like what is happening in NSEMPA.

This is a brutal environment andarket is ready to take you money especially if your intention is to make money first and the learn the ropes later, it is like being a quack Doctors first and after you will go and lean Medicine properly. We all know this cannot be possible. The law or can we call it the market now, will catch up with the quack and throw him or her out of business or the market (reality, so many people have been thrown out of this market we are sorry for them, we hope they will come back). This is the reality of education being expensive?

The above reason is why we emphasised that we need a trading system first. Even if we are getting signals from Warren Buffett, we may not be able to make profit as we may not know the best time to enter traders. And mind you, Buffett or the funds can absorb bigger losses and dollar cost average as a stock falls (dollar cost averaging will not work for most midcaps or stock that do not have sound fundamentals).

Still not a bad day. We still have till Friday if we have bought any gold stocks, we should just hold on.

We need to keep our motivation, especially on the Coffee can stocks, surving the market is not easy.

TRADING NUGGET- TRADING CAN BE RISKY AND DANGEROUS
Before I used to be worried that this forum has few people, but mind you it was not like this before!!!

One of the reason is the fact that if you have what I called a reasonable small figure to play with and you are heavily weighted to a particular stock. Yes let us assume you are using $100 and you have a particular stock worth $80 and that stock falls by $16, you are likely to feel bad to take that loss and you watch the loss becoming like $50. So, tell me how will you be happy, I am sure you will not come and be posting here about the market.

Big lesson here is let us keep our stop loss small and let us know that making losses is part of the game and diversification is essential, do not put all our eggs in one basket.

Also, note that trading is not like a regular Day job, profitable opportunities may not be available everyday. There are days you should not do anything, like today: things were setting up well for a bullish day only for the employment report and others to come and turn things to the bearish side. So, I have to caution myself and say tommorrow will be another day.

Let us approach this investment thing in a proper way. As a newbie, start first with good dividend stocks in your Portfolios, you need to have a good defence in this game, like someone said "don't be like ManU in the olden days used to Dundee United ", the club's defence is not strong once they are consistently under pressure they are likely to consid a goal.

MARKET UPDATE 29 MAY- HERE IS MONEY FLOWING INTO?
This is the current position of the indices, 30 minutes ago.

TARGET TECHNICAL ANALYSIS MARKET COMMENT 28 MAY 2025
By tommorrow NVDA result would have been know these will determine if AI/semiconductor stocks will continue to move up. As at this morning, the bulls are still safe, so let us relax.

Diogo2019:
What’s your opinion about bamboo

Sorry I will not recon with Bamboo, it has high Commission just like Trove

Diogo2019:
Good Evening Boss

Trust you’re doing good?
Which platform is best to buy global stock and Nigeria stock.

Thanks

You need to separate Nigeria stocks from Global stocks. For Global stocks, best platform for now is vest Investment. The gap between vest and the local Apps (Chaka, Trove, Bamboo: here I will choose Trove & Chaka, but they are becoming old school) for US stocks is becoming too much.

For Nigeria stocks use Morgan Capital, United Capital .
is also good.

If you try and use Bamboo, Trove , Chaka for Nigeria stocks you will be short changing yourself. For Nigeria stocks use strictly reputable Nigeria stockbrokers platform

TARGET TECHNICAL ANALYSIS MARKET COMMENT 27 MAY 2025
Today premarket is looking fine. We look forward to NVIDIA earnings later in the day (looking at Tariff brouhaha, we may not see jump on price as a negative future guidance may come with the result despite the Quarta deal). But, let us fold our hands and wait.

Nuclear/Uranium stocks are in play at the moment.

At the Caucus we talk Nigeria stocks too. For today we mentioned: NPFmfb, as a good buy on the Nigeria side.

TARGET TECHNICAL ANALYSIS MARKET COMMENT 26 MAY 2025
Today is holiday, we are relaxing. We expect the market to open bullish tommorrow. (there is likely to be no negative news).

Tariff matter is still boiling plus Feds Vs. Trump. AI seems the Feds are united the the fact that any rate cut will have to wait till around September on the risk that tariff induced inflation risk need to be assessed.

One of the areas that should sustain the bulls should be URANIUM industry.

Wishing all a peaceful holiday.