13th of July, I called for a SELL on the HK market. And from the chart pattern and my system, the downside is coming soon. Too bad, the very night, the Dow rallied more than 140pts thus causing the market to open higher the next day, hitting a high of 29700s but you can see from the chart that it didnt stay up long and began to tumble towards the closing and the next day, it just sold down more than 300pts. It was indeed a roller coaster ride. Congrats to those who shorted, cut loss first, then shorted again. Well DONE!
For TODAY;
The NIKKEI is good SHORT once its goes below the Opening Price of today, based on the chart and our system
The SIMSCI is a good SHORT once it goes below 348.4
The TWI is a good SHORT at OP-1
The HK is a good SHORT at OP-1 too.
Continue to SHORT Bank and CPO Stocks.
Overall, I am staying BEAR for today and most likely we are going to See the STI going down by 10-15pts today. And if my forecast comes true then STI should be heading for the 60pts selling soon.
With the GDP and inflation numbers coming from China moments ago.. which gave the market the last burst of fire… hitting an intraday high and now coming off from it. This is the signal that I been waiting for.
I and my grads have shorted the NIKKEI and the Taiwan Futures at 9745 and 2719 based on our V3Go System. If the market goes in our direction, then we are looking to book profit tomorrow or later this week.
Rem, nothing is 100% but with the right technique, patient and discipline to go for trades and book profit or cut loss, one can go far in this trade.
With the revised GDP expectation, yes, I must say Singapore is going to be a real FINE place for investment and things may truely turn rosier by September-October. Overall, I am bullish in the stock market in the long haul esp Singapore market BUT I am not recommending for a buy since 2days ago as I think we are a little stretching it especially with the strong opening but weak closing for the market while the Dow ekes out 7th consecutive gain especially with the Bank skidding.
This is a combo signal to warn traders that one should be very careful trading the market today, especially if you are on the long side of the market. Many a time, at this stage, I know its very hard for traders not to be involved in the market especially when they seem to missed the run, staring 2 weeks ago and felt obligated to enter into the market at all cost (opportunity cost in their perspective) but usually they may catch the last few puffs of the cigarette butts but if they fail to know when to stop… then there is a good chance they inhale the toxic at the last part instead…
The STI closed at 2952 yesterday and if my forecast is correct then I am looking at the Index to reverse at least 60points to hit 2890 first within this 1-2weeks. This will definitely give many traders a scare and cut loss towards that level. And thats where I will be waiting while I start my shorting from here. I have been encouraging traders to take on the short position while the market is filled with prices for us to select.
Yes, we did suffer some minor cut loss but the ROC (rate of change) proved that the turn is just around the corner. So while we wait, we know sooner or later, we will get what we what later. (Just re-collect when I called for a 1000points reversal on the HK when everyone is calling for a buy on the 21st of June ( the day the HK ramped up 571points in a single day). The market stood sideway for 5 trading days before collapsing down more than 1300pts.
Today I am calling for SELL once again. I am looking to short the Banks and Crude Oil stocks.
Too bad, the Dow didn’t correct down as expected. Apology for that.
But the regional Asia markets are not really moving in the same wavelength with the Dow and this could spell some trouble soon. I have suggested to my grads that they continue to stay short in their position as long as it doesnt hit our cutloss levels. If hit, cut and wait for the next wave before entering.
Judging from the ROC of the chart, this is not healthy.. the price action clearly shows the players are dumping than buying on each gap up movement and usually this will turn ugly and torrid selling will set in once the Dow reverse its uptrend momentum.
Later tonight, I will do a Video to show what I mean.
While many people were curious and thinking why we kept calling for a buy 2 weeks ago… now while people who missed the bandwagon on the long side then… now many people are looking to buy now… but for the V3Go grads, we are have booked profit on ALL OUR LONG positions and now waiting to enter some short positions.
This morning, we entered DBS (short) at around S$14.46. This an excerpts of the conversation that I had with the grads this morning;
[9:52:44 AM] 00 KH-Trend Master: kel, yr shorting counters ? DBS …….Yes DBS is one of them
Looking to short candidates are
1. BIO
2. CWT
3. Parkway
4. Semb Corp
5. YZJ
Hope everyone will have a great trading day ahead. Rem, nothing is 100%. We are not Paul, the Octopus or Mani, the parakeet… who can predict…. We are just a bunch of traders who tracks the market’s price action with our V3Go System.
If anyone watched how Germany played in the first 15mins, we know that this team have the potential to win the game. That’s a total different attitude and professionalism that they displayed last night. Not only with the slicky passes but the superd team work. I watched the game at home and honestly, when German scored first, I thought that this is going to be rout but when the Uruguay team keep pressing for the equilizer, I know that today is going to be very entertaining and when the former scored 2 times after conceding one, my heart did skipped alittle. Of course, my 1×2 bet is small but I am rooting for the German team right ;-0 ?
But when the German kept pressing and levelled the game and even scoring the winner, 8mins before time and the last freekick that rocketed off the crossbar… I knew that my bet was safe!
But I must say, forlan have improved alot from his Man U days… this guy got a lot of bottles… take note of him in the time to come.
Here are the highlights!
ps: Who am I rooting tonight? HOLLAND of course! Reasons? I knew Paul, the Octopus will be correct for the germany game, if not octopus sashimi will be next… Both Mani and Paul picked different teams to win.. so last night Paul got it right… tonight it will be Mani’s turn. Wanna bet?
Too bad my soccer prediction is not as good but I am happy my fav football player’s country, Holland, is in the World Cup Final.
Honestly, I didn’t watch the Holland/Uraguay game but forlan goal and their setpiece goal were brilliant…
I did climbed out from my bed at 2.30am to watch the Germany/Spain game and within 15mins of the game, I know that Germany is going to lose. They are not even trying to play at all.
If the German vs the Argentina game is rated 10/10 for the former, then the game against the spain team was -10/10 for them. In Singapore’s context, = KELONG!! Any soccer players who know their game will know right?When the highlights were shown after the game, 10 highlights but yet 9 were on Spain and only 1 weak shot from the German! .. Look at the highlight at 2min 50s, Torres is given so much room by the German…just too bad, this guy just slipped on the last moment… but doesnt matter… this clearly show the Spain team deserved to win. Disgraced on the German team, as they let their fans down!
But of course, in the World Cup, Kelong is something common as we all know what happened to the Brazil 0-3 game to the French team.
With Paul, the Octopus, taking Spain to win, I believe our local Mani, the Parakeet,will emerge the winner instead. I am going to go down to the nearest 4D shop to place my bets on Germany (I still hate them but I know usually they will bounce back) and Holland (I believe in the Black Horse Odds) to win!! Meanwhile, you enjoy the highlights from the semi-finals. Ole Ole Ole Ole….
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Good Morning,
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