Did You Trade

Good Morning Everyone,

Last week alone, the STI rallied more than 90points and this week, would it continue again?

From the chart, it seem to heading towards the 2912 level soon (STI closed at 2881.36) but our V3Go Indicators are pointing that we might be hitting the brakes first especially if the STI fail to stay above 2869 today as that’s the Lower Band of the Uptrend V3Go TSC. (The Secret Channel)

When we placed our V3Go TSC on the S&P 500 Futures chart this morning, the opening price is OUTSIDE & BELOW the Lower Band of the TSC and this is the first time after many trading days. If the market fail to recover back to 1156.50 level, then we should be seeing some correctional move soon and if that happen, I believe the STI will also follow.

When we placed our V3Go TSC on the Light Sweet Crude Future chart, we also saw the same thing. In fact,  the closing price is BELOW the UT TSC, with a V3Go BHP formation. It opened at US$80.97 and its low rebounded off exactly at our V3Go SC Line at 80.76. If this commodity goes below the V3Go SC Line, then I can be quite certain to expect selling towards 78.80~78.90 level soon.

And if I am right on the both account of the S&P and the Crude Oil, then I believe Hang Seng Futures will also get the brunt of it. The Key support will be at 21181 as that is the V3Go SC Line. There is no TSC for today. With the Index closing at 21192 on last Friday, the market must stay above the V3Go SC level. If not, there could be a potential for it to reach 20610-20620s region.

Shanghai Index may continue to trade lower as the V3Go TSC indicate a trading band between 3051~3002 today. The Index closed at 3013 on last Friday. I fear that this Index may correct back below the 3000 mark again. First support should be around 2980~2985 region.

Japan’s NIKKEI, should also be following the potential unanimous direction shall it breaks the LB of the V3Go UT TSC at 10680 today. First support should be around 10550~10565 area.

Jakarta Stock Composite Index must stay above 2657 today for any chance of upside. If not, I am expecting it to trade lower today, especially if it trades below 2662 today. It closed at 2665 on last Friday.

With that, I would let you decide for yourself, on which pathway to take for today’s trading. For me, I am looking to SHORT the Index once I see the support levels break along the way. To buy, I will rather give a miss since our V3Go Indicators are not giving the green light signal for it.

Have a great trading day ahead!

Kelvin Han
aka Trend Master
Chief Trainer
Originator of V3Go Mentoring Program

Good Evening,

I just arrived back from a talk from one of the local trainers, not bad, as he talked about Elliot Wave and Fibonnacci. If he can make the screen bigger will be better for the eyes.

I turned on the computer and saw the S&P shooting up to 1159 level… thats quite a lot but as less than 10mins have traded, I begin to see some form of selling in the market, which is similar to the regional Asia markets.

So, S&P traders watch it, 1148 cannot break. If the Index failed to stay above it, then prepare for some serious selling later in the night.. The resistance will be 1151 for today.

Disclaimer apply as usual

TGIF!! Drink don’t drive hor…

Kelvin Han
aka Trend Master
Chief Trainer
Originator of V3Go Mentoring Program

Good Day Everyone,

START: 0750hr

Good Morning,

Dow continued its impressive rally, witha final hour of buying, pushing the S&P to 17-month high above the psychological 1150 mark. The US Banks closed strong, like Citi, up over 5% for the day. There was an initial weakness when the Jobless claim reports came out as economists were expecting more, targeting 8000 claims but the numbers came out 6,000. Tonight we will have the Consumer Sentiment Report.

June NIKKEI Futures opened at 10640, sitting exactly on the V3Go TSC UT LB. As long as it maintain above this level, this Index is most likely going to surge higher. Based on (V) Calculation, it should be resisted at 10690 first then follow by 10740 level.  But note of caution, this index upside might be limited as the V3Go Indicators are displaying signs of exhaustion on it.  

Straits Time Index, will have an important level at 2858for today. It closed at 2872, with a last hour recovery from 2854 low, yesterday. This is the 2nd negative ROC on this 6 days UT TSC but yet the market continued its upside. This really show some resilience in the Index to go down but there are some signs of exhaustion on some of the China and CPO stocks and one should take note of it. With an trading environment of T+3/5, its rather easy to count forward when would be ‘Die-Die’ must cut trading days. So traders, do take note of this known fact.

I am NOT that keen to suggest going long on stocks now…

Using Fishing in Pond as analogy;

4days ago, the Pondwas filled with big fishes and the first batch of fishermen enjoyed themselves… the word spread and more fishermen turned up to join in… but after 4 days of furious fishing… I, personally,  feel the Pond is getting dry and the ‘fishes’ in itare getting smaller and lesser to accommodate the ever growing number of players in it. Based on experience, shall one continue to try going into this pond, the % chance of ending with nothing and a hole in the pocket ( due to buying new fishing gears, new baits, etc ) later.

I may be proven wrongbut since 2007, I have been using my V3Go System to write market commentaries and I can confidently say, the % of eventual correct forecasts have been a reasonably high. Nothing is 100% as I, too, have my fair number of wrong forecast.

The choice is yours and you make the call for yourself. For me, I am staying out from this Pond and wait for the fishermen to leave with disappointment then wait for the small fishes to turn into big fishes again then I go back to the Pond to fish. This is my prefer style which something I educate my V3Go Grads during their Mentoring Program.

All Uptrend comes from Downtrend and before all Downtrend, there will be Uptrend first. So what trend are we now, I think you can see it too, right?

Market Psychology made up of Initial Fear then turn Skepticism then Optimism then Euphoria. I believe, we are now at mini Euphoria stagewhereby players are getting into shares market after a long time and this usually will catch many offguard shall the market turns against them. So I sincerely, wish that traders take note.

March Hang Seng Futures,shows a V3Go BHP formation on a UT TSC. The -ROC display clearly that even if the market is to gaped up later, there could be a potential of profit taking. Our V3Go Indicator is showing a maiden Downside Crocodile formation so I think one should be careful should the Index goes below OP(Opening Price) of today and goes below 21084. The potential trading range for today is between 21394 ~ 20945. The Index closed at 21127.

CPO Stocks: Despite the Upside on the Crude Oil overnight, I believe these stocks may have hit a roadblock already.

Indofood: If breaks below S$2.30, there should be some profit taking. Potentially, will hit S$2.17 in the mid term. It closed at S$2.31 yesterday. If it stays above S$2.30, no problem on the long side but go small.

First Res: If breaks below S$1.20, one shouldn’t be buying this stock. Downside potential is to around S$1.13.   If it stays above S$1.20, no problem on the long side but go small.

Noble: If this stock cannot maintain above S$3.43 today, one should be booking profit than jumping onto it.

Yanlord: If this stock cannot go above S$2.05 today, there could be more selling to come. May see 1.91 in the mid term if no recovery.

Yang Zi Jiang: If  this stock cannot go above S$1.21 today, there could be some profit taking to below S$1.13 in the mid term.  

With that, I wrapped up my morning forecast for 12th of March 2010 and hope that everyone will have a fruitful day in trading and may everyone enjoy their weekend with your love ones. Disclaimer apply.

Cheers!

Kelvin Han aka Trend Master
Chief Trainer
Originator of the V3Go System

ENDS: 0859hr

Dear all V3Go Grads,

There is no V3Go -GMD formation today as NIKKEI didnt meet the criteria needed. Please kindly take note.

V3Go Team

START: 1001hr

Good Morning,

With most regional markets opening higher, this could be a great potential set up of V3Go -GMD formation. From the way we observe the market for the last 60mins, we are quite confident to say that we might see some real selling today which will catch everyone off guard especially after yesterday’s rather surprising upside.

Across the board, many chat and forum are having retail traders jumping into the market to load shares. Some of the shares that only trade 2-3mil shares per day, surged by 300-400% within the same day! Whenever such formation comes into the picture,  there only could be one possible outcome, and thats where players will come into action.

It is like fishing in a pond… at first no one is interested but when suddenly, the news spread that there are alot of fishes to be caught and evidentally, when the first few batches of fishermen caught great deal of fishes… more people will surface out, some new guys will buy fishing gears, get baits and rush straight to the pond, to join the bandwagon but my question would be…. will there be any fishes left for everyone?? Then after fishing for sometime, nothing is caught, these guys will dump their fishing gears, baits and return home, with a hole in the pocket! And the pond will be left alone and waiting for the next cycle to begin, once again. Find that familiar/related to the stock market?

For those, I shared these informations with my graduates:

[9:14:35 AM] 00 KH-Trend Master: Genting, for those who bought yesterday, 93.5cents is the support, if break, must book profit.

[9:47:22 AM | Edited 9:47:33 AM] 00 KH-Trend Master: For those traders who are involved in Tiger, the strong entry was on 5th of March, whereby it broke and ago above DIFF R/L of 1.50. Now it is trading much higher, I suggest traders to book partial profit on it as the V3Go Indicators are showing signs of toppish. I suggest placing at 1.71 as thats where it goes below OP and below the UT TSC of today.

[9:53:37 AM] 00 KH-Trend Master: DBS:
If today, it can trade above 14.14, one can go small long on this counter. Anything below 14.12 is not advisable to buy based on the DIFF S/L level. There is a strong TAOS S/L at 14.06 which was tested recently and rebounded. So this will be a critical level to watch. Overall, despite the STI going higher on the last few days, this counter hardly move therefore I am not that keen to load on this share for the time being.

[9:56:05 AM] 00 KH-Trend Master: Indofood:
If today goes below 2.33, this the time to book partial profit as based on our TSC, the LB IP is 2.33, therefore going below it is a SELL/SHORT call.  So kindly take note.

[10:00:07 AM] 00 KH-Trend Master: Yang Zi Jiang:
This stock have risen a fair bit yesterday and today it touched the TAOS level of 1.22 as DH for now. If this stock goes below 1.19, one should book profit on it

[10:10:33 AM] 00 KH-Trend Master: HK Future EP is around 21230-240,  today OP is 21312 so it opened above TAOS R/L, so going below the range is a sell.

All the above information is meant for sharing purposes. No prejudice and disclaimer apply as usual. Nothing is 100%, the only reason is that we hope by sharing information, everyone can have another alternative view to the market and may everyone WIN BIG in the market.

If you have been monitoring the blog and is inpressed with it and wish to know more about our V3Go System, you can contact us at sales@cronwell.com.sg as we are going to conduct our 32nd Mentoring Program in late March and seats are taken up. If you like to have an installment plan, do note it in your email and our team members will assist you on it. Please kindly leave your full name and contact number so that we follow up.

 For those who paid for the Special Genting Email, please take a look at your email box as an email been sent to you, this morning.

Kelvin Han
aka Trend Master
Chief Trainer
Originator of V3Go System

END: 1036hr

START: 2320hr:

Good Evening,

Using our V3Go System, it is getting clearer that we might see the first resistance on the S&P very soon and it should be around 1144~1147 range, using our V3Go TAOS method. 

And if the S&P really cannot go past this range tonight then, we might see some profit taking soon. If the Index can stay above this range, then one should prepare for a huge jump towards 1169~1170 levels.

The potential downside is 1118~1120 range. So the upside is potentially, 25points while the downside is around 26points, quite even but since the S&P been up relatively for nearly 10days, I am not too keen to go too heavy on long side at this point. In fact, I am looking to take a small position on the short side soon as I think a correctional move is near.

 As everyone know, I am still a BULL since March 2009, thus to me, every correction is a great time to bargain hunt while every rally is good time to unload long and take some of the long winnings to short small on the markets; what a Professional trader should do.

 And I believe the timing is around the corner.

Lets see if I am proven right with my system, once again.

Cheers! Have a good night rest everyone!

Kelvin Han
aka Trend Master
Chief Trainer
Originator of V3Go System

END: 2340hr

Good Afternoon,

NIKKEI futures, cannot go below 10565 today. If yes, there could be some selling towards the  10350-10380s level. There is an artificial resistance at around 10590 level.

STI, the potential trading range based on V3Go TSC channel is between 2862 ~ 2830.  From the momentum of the current trend, its very clear that the Index is trying to cover the ‘gap’ at 2850. But some of the blue chips counters are showing signs of resistance for the upside thus I am getting a little worried for the retails who are gaining good profits from trading the 2nd/3rd liners stocks.

Hang Seng Future, there is an artificial resistance around 21243 area therefore this could act as the resistance for this index. I am looking at this Index to retrace back to around 20600~20650 level in the near term shall it fail to go up.

Shanghai Index, I am looking at the Index to re test back 3023 soon.

Crude Oil have an artificial  resistance  at 82.07 while supported at 80.21.  Last night, it brieftly touched it (DL 80.16) and rebound to 81.38.  It may re test 81.75 again or 78.84 between this 2days. Traders must pay attention on this 2 levels.

Have a great weekend.

Disclaimer apply as usual

Kelvin Han
Chief Trainer
Originator of the V3Go System

Good Evening,

We are looking at DOllaryen and Crude Oil to trade lower tonight. Potential 89 and 79 level, respectively.

V3Go Traders do take note.

Disclaimer as usual

V3Go Team