Buying stocks today? I prefer you to stay cautious especially S chips
Posted by admin in Futures Pick, Market Analysis, Stock PickGood Morning,
This is what I shared with my graduates before and during the market hours.
[8:49:29 AM] 00 Kelvin Han:
Good Morning Everyone,
Dow closed down more than a hundred points while dollar losses recent strength against the YEN. All these were forecast since last week till early this week.
As what I mentioned, NIKKEI and HK will go below 10,000 and 22000 and from the way the Dow is moving, the chance of that happening is pretty high.
Gold lost another US$30 last night. I already mentioned before, GET OUT of GOLD if possible. There might be another last push to US$1160-1180 but once it hit there, that could be the last ditch. I am very confident to see Gold hitting below US$1000 in 2010. So longer term, I prefer to short Gold on each upward correctional move than buying on each downside correctional move.
This shows the power knowing V3Go and the techniques. I hope everyone have made good money recently.
Yesterday I was very busy with my personal admin but I managed to catch a few glimpse of the stock market and know that china stocks rallied on China XLX dual-listing debute. The movement will definitely attract the retails to return into the market and this definitely will lure sharks to the water when blood starts to leak (not yet).
So traders, please be very careful if you want to speculate any shares today. I will be online in the morning so feel free to seek for me, if you have any questions.
Personally, I am not keen to long stocks until 15-16th of Dec. I prefer to wait for the market to cool down further then I go back into the market for my Christmas Shopping. I may be wrong and miss the entire run but I prefer to trade when I see comfort.
V3Go Philosophy: Trade to WIN than trade to trade.
Have a great trading day ahead!
[8:54:39 AM] 00 Kelvin Han: Today STI is a UT TSC with the V3Go indicator presenting an upside croc formation and yesterday closing is above diff r/l so with the Dow ending in the red last night, most likely the STI will gap down first BUT if it stays above 2792 ( the LB of the UT TSC ) and goes above OP, the stock market may GO UP today. So traders, watch the above points!
[8:59:09 AM] 00 Kelvin Han:HK futures should gap down later as S&P was trading at around 1103.50 when it closed at 1615hr. So with the S&P now trading at 1092, the chance HK gapping down later is higher. So traders may want to take notice of the 0930 – 1000hr (sing time) period.
Disclaimer as usual.
Kelvin Han
Originator of V3Go Mentoring Program
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