Good Morning,
Dow finished below the psychological 10,000 mark for the 1st time in 3months, dragged lower by financial stocks, as investors remained concerned about Europe’s debt woes and the U.S. economic recovery.
The Dow lost 104pts or 1% while S&P and NASDAQ, gave up 0.9% and 0.7% respectively. Market breadth was slightly negative with low volume traded. Dow components like Coca-Cola and Walt Disney will be reporting their earning reports today. Treasury prices continue to rise as traders seek for safer haven, lowering the yield to 3.59%.
Yesterday, I gave an overview of the Asia stock market and I’m glad that most of calls turned out right. That clearly show that V3Go techniques are reliable and one can use it to gauge the market potential outcome. All these efforts are done for the interest of our V3Go graduates so that they can compare notes. This is a good way to refresh whatever they learnt.
For the public reading this, if you are intrigged and wish to know more about our techniques, please kindly email us at sales@cronwell.com.sg so that we can provide you more information about our upcoming courses/events.
This blog is primarily an avenue for our grads to keep track of what they learnt and a place to advertise our course. All calls here are primary made based on our V3Go techniques. We cannot prevent people who choose to abuse or act childishly with our postings
Overall, we believe that our V3Go graduates are well trained by our V3Go trainers. They should know why/what certain levels are mentioned in the calls. So unless, certain particular individuals failed to comprehend the V3Go techniques or ’selectively’ forgotten certain techniques then it just only shows that he/she need more revision. We welcome you to take the V3Go Refresher program. Just kindly contact us at sales@cronwell.com.sg
But of course, if you are NOT trained with our V3Go techniques but claimed to be and abused our calls, using cyber nicknames on other forum, then I can only say that it is very sad for you. We believe, our followers are wise and mature. We been writing market commentaries since 2006, with more than 6000 viewership per day, 3400 receipents in our ever-increasing mailing list. We believe, there is not a need to further comment or response.
We believe, Right Energy should be channelled to the Right Cause for Right Reason.
We are clearly Technical traders, using market Sentiment Analysis to affirm our calls. If anyone is expecting a 100% winning ratio resultant, expecting a crystal ball precision or even expecting to buy at DL and sell at DH via our calls… then this is the wrong place/blog for you to read. We really CAN’T do that…. Hope we have made it clear.
Lets concentrate back on the market and its potential out look.
——————————————————–
Yesterday:
I mentioned that NIKKEI must go above 10125 for buying and if it doesn’t go below OP, one cannot short.
What happened:
NIKKEI Opened at 9960 and rallied to DH of 10055 before easing off to close at 9945. So people who shorted from the start would have lost money. But the buying signal was not triggered.
What to expect today?
NIKKEI is still within the downtrend channel with ROC turning positive to negative therefore do expect initial selling as long the Index stays below the OP. There is a V3Go TAOS support at 9855. V3Go Grads, look out for this level.
—————————————————————–
Yesterday:
I mentioned that STI may have a technical rebound BUT the support is 2706 therefore, failing to go above it, the market will still prefer to sell than buy.
What happened:
STI opened at 2690, hit a DH of 2700 and slammed down to 2665 before closing at 2693, up 10points for the day. (Technical rebound completed). But the Index didn’t go above 2706 therefore traders shouldn’t be buying yet.
What to expect today?
STI Index is in a downtrend formation with a positive V3Go ROC. Traders should watch 2695 today. If the market can go above it, the market may actually continue its upside. But since it fail to close above the 2706 V3Go DIFF S/L, traders should expect selling whenever the market goes below the Opening price of today.
———————————————————-
Yesterday:
I mentioned that Hang Seng must go above the opening price (OP) AND above 19785. If not, there will be further selling pressure.
What happened:
Hang Seng Futures opened at 19662 and hit a DH of 19666 before crashing down to 19380. It close at 19515. It show very clearly that V3Go graduates can only choose to short than long yesterday.
What to expect today?
19906 is the V3Go DIFF S/L therefore by closing at 19515, its very clear that if the market chose to stay below its OP of today, there will be further selling on this index unless the Index can go above 19650 today, which will break itself from the downtrend channel formtion.
Note: Traders are to take note that despite the negative closing, the -ROC is getting smaller so short sellers do take profit fast or do remember to set in your cutloss level.
———————————————-
Yesterday:
I mentioned that Shanghai Index must go above 2945, to give indication of further upside. If not, anything below 2934, shorting stocks will be a better choice.
What happened:
The Index opened at 2939 and rallied to 2954, triggering the 2945 resistance. One would have entered into a buying mode based on what we mentioned. But then, the selling came in and brought the Index below the 2934 level that we also mentioned and saw it sold down to 2922 before suprisingly closing at 2935. This show that there are support in this market. For this trade, we were whip-sawed but the damage is small as the Index ended 4pts lower.
What to expect today?
Using our V3Go TAOS technique and the V3Go ROC pattern, it clearly shows that there is an artificial support at around 2934. So if the Index can go above 2950 today, then I am pretty sure that the Index may challenge 3003 in the near future. If it goes below 2934 again, traders are advised to stay out from the long or go small short.
———————————————
Yesterday:
2519 was the magic number that I mentioned in the blog for Jakarta Stock Exchange Index. If the market fail to go above it, there could be selling to 2431 level.
What happened:
The Index opened at 2516 and hit a DH of 2518.61 and crashed down to 2431 before closing at 2473!! Unbelivable Accuracy right?
What to expect today?
For today, we do expect some initial selling first on the Index because the V3Go ROC and the poor Dow closing may attract sellers to come in first. But if the Index can maintain above its OP AND above 2440 today, then traders are advised to go slow in their shorts or turn long in small qqty.
————————————————
Yesterday:
Dollaryen: I mentioned specifically that it have to trade above 89.90 to pave ways for buying. If not, anything below 89.30, traders can go short.
What happened:
The Currency hits a high of 89.56 and low of 89.12. Yesterday, we have a very tight range trading for this currency.
What to expect today?
If the Dollaryen trades below 89.21 today, there should be some selling on this pair of currency. If it rises above 89.22, no selling on it. Using our V3Go TSC technique, one can only go long on this pair if it goes above 90.21 today.
—————————————————
Total time spent on this article: From 7am to 8.51am
Sincerely hope that our V3Go Graduates and Public will have a good idea on how our V3Go techniques work and benefit from it. Thank you.
Have a great trading day ahead and may everyone make good money from the market today!!
Event Note:
We have received prettygood respose for this coming WednesdayV3Go ExPRESS despite the CNY festival coming. It might be a great time to get some idea of the stock market and reap some good profit for the festive holiday!
Interested parties, please kindly email us at sales@cronwell.com.sg now so that we can reserve a seat for you. We have limited seats for this event due to the venue therefore it will be good that you make your reservation early. Email us now at sales@cronwell.com.sg now!!
Please kindly include your name and contact number in your email so that the registration can be completed.
Disclaimer apply as usual.
Kelvin Han
aka Trend Master
Originator of V3Go Mentoring Program