Did You Trade

< Short Sellers >

If the markets can recover by 11am (meaning trading above OP of today)

My advice is NOT to short anymore as afternoon may see some technical rebound.

Dear all

Some of you are holding some Federal and may wish to know where is the support and the possible direction of it.

I am going to give u a rough guide of it.

Disclaimer Applied

Federal

On the 2nd of April, this counter hits a high of 0.042 with 7.3mln shares traded after witnessing a fall from grace at the height of 0.076 on the 14th of Feb to hit a low of 0.031 on the 6th of March.

Then this level of 0.042 became a resistance level …

Until on the 24th of April, this counter became “alive” and rocketed from 0.038 to close at 0.069 with more than 73mln shares traded on a single day as compared to the average daily vol of 3mln shares!!

The next 3 days, the counter kept selling off, to end at 0.043 but it did touch 0.041 first

On the next day, 2nd of May, it actually opened at 0.04 but shot back up to 0.052 with 9mln shares traded.

With the above, today, closing is 0.042, back to the resistance turned support level.

If anyone wish to cut loss, then you are near the support level.

This counter can either go below 4cts or stay around here.

My take:

On the 3rd Of May, this counter lure in more than 34mln shares

Yesterday is the T+5 for many traders…. to see it collapsing down… its rather expected and sad…

But if this counter can recover back to above 0.053 today… this counter may recover upwards again.

Dear all

Some of you are holding some Rowsley and may wish to know where is the support and the possible direction of it.

I am going to give u a rough guide of it.

Disclaimer Applied

Rowsley

This counter is doing a lower high formation since 3rd of May and yesterday closed at day low.

Normally, when a counter that is supposedly to be good but closed at day low, normally will attract short sellers to come in and likely today, there could be a battle between the 2 parties

Lets bring ourselves to 11th of April, whereby it shot up from 0.109 to 0.12 before closing at 0.116.

The next few days, the market tried to close above 0.12 but failed ….

Until on the 19th of April, it closed at 0.121 and that is where the counter goes all the way to 0.16!

Then the stocks goes into a selling spiral but on the 30th of April, this counter hits a low of 0.118 but closed at 0.121 again. And that is where the counter rebound  to 0.148 this time.

Now with the closing at 0.124, I am looking at this counter is re-test, TAOS S/L around 0.12 or below 0.12 to find support.

If this counter can do the same thing, I am looking at this counter to rebound in the near term.

FYI, the W% Indicator is at 85%, the lowest since March 2012.

Meaning the selling pressure is at the strongest over the last period therefore one should pay more attention on the Price Action instead.

Dear all

Some of you are holding some Informatics and may wish to know where is the support and the possible direction of it.

I am going to give u a rough guide of it.

Disclaimer Applied

Informatics

On the 11th of April, this stock opened at 0.086 and hit a high of 0.105, within more than 124mln shares traded

That spiked of trader’s attention….

Then subsequently… it started to tapered off and hit a low of 0.088, to almost where it started with

On the 25th of April; with more than 178mln shares, the stock crossed the TAOS R/L around 0.10 and closed at 0.119.

The next day even hit 0.141 before closing at 0.135 but more than 345mln shares traded!

Then it slammed down to hit a low of 0.107 (due to curbs from brokerage houses) on the 30th of April

3 days later, it hit a high of 0.131 with 60mln shares traded.

Based on the above, the rightful support level should be around 0.104 level for this counter.

Based on V3Go, it broke below TAOS S/L and closed below it (0.111 today), it may really go back to around 0.09, the next TAOS S/L.

My Feel:

This counter been trading lower high formation since 3rd of May and with the Dow down more than 5days in a row, yet this counter can break the previous day high, shows that this counter do have the intention to trade higher in the next few days as long as it stay above 0.107, the lowest point before it rebound, on the 30th of April.

I am going to say, if a trader is getting worried, then your stop loss should be place at 0.107 or 0.104…

But if this counter is cross 0.113 again tomorrow with vol of more than 19mln shares; I got a strong feeling that this counter is likely going to test back 0.126 level in 1-2 weeks time.

Kindly do your own assessment and check if you can handle the risk invovled.

V3GoI Sentiment Calculator Today for:

1. HSIC1 (62% — Bear) — HongKong
2. SHICOM (65% — Bull) — Shanghai
3. JKSCI (92% — Bull) — Jakarta
4. FTSE (56% — Neutral) — London
5. DAX (58% — Neutral) — Germany
6. AAOI (66% — Bull) — Australia
7. INSEI (66% –Bear) — India

8. DJIA: (83% — Bull)
9. EURUSD: (52% — Neutral)
10. GBPUSD: (87% — Bull)
11. USDJPY: (70% — Bull)
12. AUDUSD: (80% — Bear)
13. USDCHF: (58% — Neutral)
14. LGD: (66% — Bull)
15. G.CLC1: (80% — Bull)
16. ESC1: (88% — Bull)
17. STI: (53% Neutral)

A Service from V3Go Team
Disclaimer Applied

< Morning Market Outlook >

ES was trading at 1352 before STI closed at 1705hr therefore at present, it is trading at 1349 thus likely market will react by opening a tab lower despite the positive closing of the Dow.

SIMSCI is now trading below OP while S&P did drop more than 10pts after it closed.

China will releasing CPI data later

Dear Readers,

I am spotting a series of Positive ROC on the FOREX market ie. AUD and EUR against the Dollar Index.

Although they are showing lower high formation but based on experience, such V3Go +ROC in series is usually signs of a potential reversal from the current downtrend movement.

I actually foresee that we might see a pull-back in the Dollar Index very soon…
As I do believe Bernanke tonight’s speech will likely be touching on possibility of putting more money into the credit market without mentioning the term; QE3.

Based on the chart, the Dollar Index have risen from 78.80 to now 80.20 over this period…

And that partially fuelled the selling the Asian Equity markets and commodities.

Weakening of the US Dollar will bring good fortune to Crude

As mentioned before many times,

I am very bullish in US Crude at this current level as although the market hit new low of 95.17 but it charged back up to close at 96.37… closing above the last 2 session’s low (7th of May’s Low is 95.34 and 8th of May’s Low of 95.52)

This is a bullish signal to Professional traders…

Therefore, I am watching this market very closely, as a closing above 97.37 today, will spike a potential upswing back to 103 and this could bring the S&P back to 1400 level.  Now S&P is trading at 1358 as of writing.

STI will likely be trading up again

Thus if the US Dollar comes down, HKD will rise, HK market and Shanghai should rally and STI is likely to recover back to above 2980 level. The Index closed at 2903 today.

Disclaimer.

Ps: If you like my analysis and wish to learn more from me, www.v3go.com or www.didyoutrade.com to get more details.

Kelvin Han

V3Go Academy Chief Trainer

Good Morning Readers,

V3Go Grads Team is focusing their positions on HK as China’s Data was not too positive;

Imports YoY% (China) {CH} OBSERVATION PERIOD:
APR (Monthly) ACTUAL  : 0.3% PRIOR   : 5.3% REVISED : – - SURVEY  : 10.9% 
(Mean: 10.6%, High: 20.0%, Low: 5.0%)

Thats caused many traders to sell into the market and this HK market sold down from 20050 to 19880s earlier…

This is my take in the afternoon market…

=======================================

< Afternoon Market Outlook >

NIKKEI opened at 8985, hits a low of 8980 and rebounded to a high of 9075.

Now trading at 9030.

ES opened at 1347, hits a low of 1345.75 and rebounded to a high of 1357

Now trading at 1355.

SIMSCi opened at 331.20, hits a low of 331.1 and rebounded to a high of 333.70

Now trading at 332.6

HK opened at 20140, hits a high of 20178 then slammed down to 19882

Now trading at 19955

From the above, you can see that the selling in the market has dwelled down quite a bit for most market except for HK.

If HK market can recover to above 20,050 by end of today, I believe the rest of the markets will react rather positively.

I am looking at S&P to recover back to 1400 in 1 month time from today… which I know many might think that I am MAD but I have confidence in my analysis… or unless there are some global fundamentals that yet not surfaced to the eyes of the market… if not, I really don’t think there is any issue to afraid of because I won’t and don’t believe that Spain or Italy will be such a big issue for the market …

as for Greece, this country is like Iceland back then…. it will take a long while to return back to normal but life still goes on… US elections will still continue and the Democrats will see no reason to let Obama losses his seat in the White House by Nov…

So lets move “FORWARD”

http://news.yahoo.com/mitt-romney-makes-fun-obama-campaign-slogan-during-012631360–abc-news-politics.html

Kelvin Han
V3Go Academy Chief Trainer