Yesterday, we called for SHORT in the market in the morning session because our Indicators were expecting more downside shall the market losses their OP(Opening Price) level of the day. Indeed, all Asia markets were sold down when it traded below the OP mark as the Dow Futures sold down more than 1% during the day.
We made good money from the morning trades especially on Taiwan.
But during the late morning, I sold that SIMSCI and I realised CPO stocks are holding and US Crude Oil Future is not really going down despite the rest still falling. It aroused my suspicious and at 1140hr, I repeatedly wanted my grads to get out of the SHORT side first. They heed my advice and covered. Then we waited and true enough SIMSCI begin to move and HK market also recovered from the low. Even the US currency was firming against the yen. I know we have to reverse our plan.
Based on the daily chart of the market and using our system, once the market goes above OP, we can go long. We decided to do that.
Using our V3Go (V) Calculator, we booked profit on the SIMSCI at 322.2. Good Profit; S$440/contract
Using our V3Go (V) Calculator, we were stopped out on the S&P trade at 1077.50. Lost S$385/contract. We re-entered the trade again at 2005hr at 1084 (missed the OP+1 trade) and booked profit at 1088.50. DH was 1089.50. Made back S$280/contract.
We booked partial profit on Genting at 99cents (it was placed once we bought based on our (V) Calculator) and we were surprised that it matched up to S$1.00. Our orders were filled. Remember we mentioned before that Genting will have a upside potential of S$1.00? (double click on link). Mentioned on the 25th of May.
This morning, we were stopped out on the HK as it gapped down to 19025. Lost S$295/contract.
Overall, we made from 3 trades and lost in 1 while still holding some Genting. Intending to let go at S$1.00 again.
Are you INTERESTED in Trading Futures or FOREX? V3Go Methods are proven techniques that One can use for trading on not only stocks but also in the Futures, Forex, Commodities markets.
We are organizing a V3Go FUTURES Mentoring Program in late June 2010 and our Chief Trainer will be focusing on training people on the Futures & Forex Markets and we will trade ‘LIVE’ together with the rest of his Senior Graduates!
Our proven record for our Futures Trade live sessions: Profited 6times out of the last 7 sessions. With an average winning of S$440/student. Highest earner was S$7000 on ONE SINGLE of Intra-Day trading!
Kelvin Han, our Chief Trainer, 31, made his first pot of gold when he started trading in the commodities markets back in 1999. He traded the Pork Bellies, Corn, CRB Index and Cotton market then. He moved into trading the SIMSCI, TWI, HK Future market later in 2001 and made his first million trading them. He persuit further, going for classes and began to venture into the Forex and S&P market in 2004 and established himself as a trader who trades almost everything except Options.
His accuracy in predicting the Dow’s bottom in March 2009, he called for BUY on the STI at 1450 when the rest of the people are calloing for SELL! He predicted Crude Oil will go to US$85 when it was trading US$60 back in 2009. He predicted Jakarta stock Index will hit 2850 when it was trading at 2200. He predicted that NIKKEI will recover above 10,000 when it was selling down to 9055. He predicted Euro will recover from 1.22 recently which also happened.
Of course, he may not be 100% in his predictions but since 2004, he have established a mailing list group of more than 2500 people inside it, a market blog which have an daily average of above 5000 views and had trained thousands of people since 1999, one should really give a try and start making from the market, by going LONG and SHORT in the markets.
We will have a Preview in SMU on the 1st of June 2010, from 6.30pm onwards. Kelvin will showcase on how one can profit from the Futures and Forex market, step by step. From Basic to Advance. He will use his 15years of trading experiences to coach individuals on:
1. What is Futures and the simple basic including placing STOP, STOP LIMIT, OCO orders
2. How to set up and use a Future Account
3. How to see the relative and inter-relationship between the Forex, Future market with the stock market.
4. He will show how to make S$200/day on the Euro and Pound market on the Hourly Chart.
5. He will show how to establish market view using the NIKKEI and S&P and Currency market as a guide.
6. He will show how to prepare your trading day towards Futures market.
7. How to be a PROFESSIONAL Trader**
Most important, this could be Kelvin’s LAST Program for 2010 as he got a pretty lucurative job offer from a reputable brokering company to be their market analyst.
So if you are tired in losing money in the local stock market or tired of its slow movement and wish to move towards a more active market and turned PRO then this could be the Preview you should attend.
To register for this Preview: Sales@Genesismgt.com.sg with your Full Name and Contact Number and your trading experiences with Futures. (If no experiences, please kindly indicate too).
US Stocks erased most losses by the close Tuesday night, with the Dow ending down just 22 points after having fallen close to 300 points earlier in the session, as worries about the global economy were tempered. In the first hour of trading the Dow fell as much as 292 points to 9,774.48, the lowest level since Nov. 4.
US Stocks had been hit hard through the early afternoon (US timing), but began to recover late in the session, with investors nibbling at bank and select technology and consumer issues. Bank stocks bounced after comments from Barney Frank that one of the more intensely disliked components of the Wall Street reform proposal could end up being cut from the final bill.
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When the STI and regional markets were selling off in the afternoon session (yesterday), the Dow Futures was down 220points or 2%. So inclusive of the day before yesterday’s Dow, of 1% downside, the total damage was 3% and thats why regional asia stock markets were down around 3% yesterday too. But with this recovery by the Dow last night, even though the Dow is still negative 22points, but it will definitely led the asia stock market to a higher opening in the morning.
But the question is whether the market will go up after the it gapped up?
Based on our V3Go system and indicators, most likely, the answer is no.
If we are correct, we will see all regional asia markets opening higher, go up a little and then come down instead. Key things to watch is the S&P Futures, Dollaryen, Euro and the SIMSCI. If the stated markets are trading below the OP of today then most likely we are going to see selling activity once again. This morning, most marekt only gap up 1 – 1.5% as compared to their 3% sell off. If this is the case, that mean traders are really not vesting on the long side of the market for the time being, then its pointless for us to go into the market now.
Once Hang Seng Future opens at 0945hr and it fail to stay above Opening Price by 1030hr and trading below 19000 by then, then its quite clear that we are going to see more selling.
For today, we are shorting the SIMSCI, HK, S&P and TWI Future based on DIFF and OP Rule.
We apologize for our Genting call yesterday, our cut loss level was triggered at 92cents and we were stopped out there. Although it is trading at 94cents now, no regrets. We followed our rule and we are glad that we only lost 2.5cents on this trade and this is the only counter in the top 50active list that is down 0.5% while the rest is down 4-11% on average.
May everyone prosper by shorting in the market or staying out which is not bad choice too. :-)
Asia stocks and the Korean WON plunged to the lowest levels in 10months after a report that North Korean leader KIM Jong LL ordered his military to preparefor combate last week. The Euro continued to weakened and commodities declined on concern of Europe’s debt crisis may spread.
This morning, we expected TWI, STI and HK to recover once they go above OP, but most of them recovered alittle and sold down on stronger market forces by the bears. STI opened at 2694 and did try to go above 2700 but missed the posted level of 2718 and retreated back down to 2666. HK Future opened at 19327, below the posted level of 19360 so selling was expected. It hit a low of 19080 before covering to close for lunch at 19126.
We also called for Genting and it did hit 955cent upon calling it but the selling in the regional market made it came back down to 925 before closing at 935 for lunch. We have shared with our grads… if this stock goes to 92cents, just cut the long that we bought at 94.5cents earlier.
US Crude still trying to find grounds at US$69 level while the Euro trying to find a foothold at 1.23 level.
Dow sold off in the last hour of trading, to close at 3months low as worries about the global economic outlook overshadowed a bigger-than-expected rise in existing home sales.
The Dow Jones industrial average (INDU) lost 126 points, or 1.2%, closing at its lowest point since Feb. 2. The S&P 500 index (SPX) declined 14 points, or 1.3%. The Nasdaq composite (COMP) lost 15 points, or 0.7%.
The housing market report marked a positive start to a busy week for economic news. Investors are looking for evidence that the U.S. economy is holding up despite the turmoil abroad. More housing reports are due later in the week. Readings are also due on durable goods orders, personal income and spending, and consumer sentiment.
Nonetheless, the positive report was countered by continued worries about the European debt crisis. The euro slumped, erasing last week’s gains, following reports that Spain’s central bank took over a long-established regional savings bank.
For today, we expect most markets if not all, to open lower as compared to yesterday’s closing but we are looking at STI, TWI and HK to recover from the opening, based on our V3Go Indicators.
STI must stay above opening price of today and above 2718. As long as the both items meets our criteria, we should be looking to pick some recent battered down stocks especially the CPO stocks as we suspect there could be some big movement on them soon. More details in awhile. The STI closed at 2723.
Hang Seng Future must stay above 19360 today. It closed 19548 yesterday. As long as the market stay above the support level, I am still expecting the market to re-test 19800s level this week.
We are looking at the US Crude to head for a big movement very soon, based on our V3Go Cluster formation pattern. The million dollar question is which direction. Our bet will be UP. The support level should be around US$69 while the potential upside is around US$72 first with a longer target of US$76. It closed at US$70 last night.
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