Archive for the “Commodities” Category
Good Morning Everyone,
On the 15th of June, when the the Dow crossed above the 10,300 resistance mark which I set, with such convincing note by rallying 213points to closed at 10,404, I thought that my concern and worry was proven wrong. Thus I reviewed my storyboard but the numbers on it seem pointing that there should be selling still. This make me very puzzeled but I stick to my gameplan and continued to stay on the bearish side BUT reduced my short quantity significantly.
6 days later, on the 21st of June, when the STI crossed the 2880 mark and closed at 2885, up 52points for that day… I was pretty amazed by its movement and the Dow was still holding above the 10,300 mark by closing at 10,450 the night before. But when I cross checked with the Blue Chips movement, the Currency Market, the Bonds Market, the Commodities movement with the recent economic data; I just cannot see the reason for the upside and even some of my grads are asking me why am I still so bearish in the market… Honestly, I know that, once again, I am in those position whereby I know the market is going to move in a BIG way but I cannot find any reason to prove it. I did the same type of predictions;
1. I called for a 1000points rally in late March last year on the Dow when everyone called for a sell. The Dow rallied more than 1200points from the level I called.
2. I called for another 1400pts rally in early July last year on the Dow and the Dow also did that by rallying 1500pts from the level I called.
3. In April this year, I called for a sell off from 11,000 level and that was days before the Dow collapsed 1000points on the so-called technical glitch.
In between, I made numerous calls on the Euro, Pound, Crude, Gold, HK Index, SIMSCI, NIKKEI and many more… Of course, I do have my fair share of Boo-Boos calls too. But I think overall, my macro views have been rather consistent. Nothing is 100% and I am definitely not God to be able to predict everything perfectly.
Nonetheless, when I see that the Dow cannot break above the 10, 483 level on 21st and 22nd of June, I quickly mass call for SELL on this Index as I know the selling is about to come and true enough, we saw another sell off in the Dow on negative economical numbers and Federal’s cautious view…
Here is www.cnnfn.com report
Stocks fell after reports showed a still-tough environment for the manufacturing and labor markets and one day after the Federal Reserve sounded a cautious tone on the economy.
The Fed issued a cautious growth outlook Wednesday on the back of the day’s weak May new home sales report. That left stocks mixed to lower, but the tone turned even more negative overnight, with markets in Europe falling and U.S. stocks opening weaker. “The Fed downgraded their economic outlook, which is not good for the markets,” said David Chalupnik, head of equities at First American Funds. “It tells us that the economy is losing steam and earnings are at risk.”
He said that markets are likely to be particularly volatile in July, as the second-quarter reporting period heats up, with many forecasts still too high relative to the current economic outlook.
——————————————————-
With that, here is my technical views of the Asian Markets today;
NIKKEI – This market must stay above 9835 today… if not, there should be further selling awaiting for it towards the 9700s level
(Currently trading at; 9760)
STI – I expect the STI to find support at 2833 today… if not, one should be expecting it to lose the 2800 psychological level.
(Currently trading at: 2847)
SIMSCI – I expect this market to test 333.5 region soon.
(Currently trading at: 337.2)
HK Future - Should see some support around 20500 level but I am looking at it to test 20200 region in the near term
(Currently trading at: 20733)
Shanghai Index – 2513 will be the first support for the next 1-2days
(Currently trading at: 2566)
Taiwan Future – 266.0 will be the first support for the next 1-2days
(Currently trading at: 268.1)
S&P Future – I mentioned a few days ago that this Index will hit 1070 which already happened this morning. I am looking at it to test 1053 in the near term
(Currently trading at: 1072)
Pound – I am looking at it to hit 1.4735 region if it cannot stay above 1.50 in the near term.
(Currently trading at: 1.4916)
US Crude – I am looking at this commodity to be affected by the recent economical data and hit US$73.50s level
(Currently trading at: 76.53)
Gold – I am looking at this precious metal to hit 1258 again.
(Currently trading at: 1243)
Hope all these levels will assist you in your short term trading direction and may everyone prosper in the markets!
Cheers!
Disclaimer applied
Kelvin Han
aka Trend Master
V3Go Originator
No Comments »
Good Afternoon,
Incredible right? I posted that 1.11 will be a key resistance for this stock and once it hit this level and fail to stay above, there will be profit taking and indeed, right after lunch, more than 1000lots were traded on 11 occassions and now it is trading at 1.08/1.09.. all within less than 30mins.
If this continue, I am not surprise to see it closing at 1.06 today.
And currently, SIMSCI, S&P, Euro, Crude, HK are all FALLING as predicted!!!!
Disclaimer applied
Kelvin Han
aka Trend Master
V3Go Originator
No Comments »
Good Day,
More than 80% of the seats are taken up for tonight’s Preview despite the lack lustre market performances from the market. This truely show that many people are still involve in the market and wish to findout more and tonight, they won’t be disappointed. I will be providing an enjoyable 2 1/2 hours of preview for everyone who turns up tonight.
Do remember to bring your own writing material.
BUT I would like to warn traders to book partial profit on your Long Positions first for today as I truely doesn’t like the movement of the market for the next 2-3days.
STI broke past the 2806 resistance that I set yesterday and that led the upside which I am happy for those who went long instead. We stopped out our PUT Warrant trade at 24.5cents as we saw the STI climbed above 2806 towards the end of the day, alongside with the SIMSCI. For today, the STI must close above 2819. If you do see the STI trading below 2819 later in the day, I kindly suggest you book profit on your long position.
Last traded price: 2825
For players involved in Swiber, 1.02 is the key resistance for today. Congrats to those who continue to held on. Our grads have booked most of their profit yesterday when it traded past 97.5cents. We are currently not in it anymore.
Last traded price: 1.02
For players involved in Genting, I mentioned before 1.06 is a key resistance and yesterday when it closed at 1.06, it was a sign and true enough, we saw the upside coming in. 1.11 will be the next resistance level. If you see it touching it and closing below it, that will be the signal to book partial profit.
Last traded price: 1.10
Hang Seng Future must close above 20123 today for further upside. Both of my V3Go Indicators are calling for SELL Signal on this market in the near term therefore we are looking to load on the Put Warrant on it soon.
Last traded price: 20158
Watch the NIKKEI, especially if it fail to close above 9890 today. This market could probably provide you the FIRST Signal.
Last traded price: 9880
The Dow hits a high of 10328 yesterday but reversed itself to close at 10186. Thats a 150points reversal. This is not good. This show that the Dow is still strongly resisted by my 10300 resistance prediction. (The Exact Number is 10315). Tonight, I expect the Dow to re-test around 10236… and should it fail to go higher than this number, I am looking at the Dow to trade lower back down to below 10,000 again!
Euro,V3Go TAOS Resistance is around 1.2245-1.2250 and it was tested and rejected last night and today, it hardly re-test this level. I am calling for a SELL on the EURO once it goes below 1.2195.
Last traded price: 1.2211
Dollaryen, as long as it cannot stay above 91.78, today is a CLASSICAL SELL based on V3Go Formation. I am encouraging traders to short it.
Last traded price: 91.56
NASDAQ, if fail to stay above 2248, there will be selling too.. so techs traders, do watch out on this point.
Last traded price: 2243
US Crude will be resisted at US$75.45-75.50 level for today. I am looking at it to re-test below US$72 level by this week.
Last traded price: 75.19
US Gold looks like going to test US$1210 level again. Won’t be buying gold in the near term
Last traded price: 1222.4
Nothing is for 100% and my call may be proven wrong too but I think today I will be more than caution as I approach this market as some of the signals are pretty clear. I am calling for SELL now!! The choice is yours.
Disclaimer applied
Kelvin Han
aka Trend Master
V3Go Originator
No Comments »
Good Evening,
We have booked profit on SIMSCI and got stopped out (small) on the Euro and Dollaryen.
We are not advising holding long position overnight except taking small long on the Gold Futures market, targeting new Record High tonight.
Disclaimer apply
V3Go Team
No Comments »
Good Morning,
Based on the Dow Futures trading at the moment, it is currently down another 1% in Asia trading hours thus most likely will cause more selling on the Asia bourses as the Dow Index closed 3% lower on last Friday.
At V3Go, we are expecting the STI to be supported at around 2714-2718 level range for today. The Index closed at 2806 on last Friday.
For HK Future, we are expecting support at 18920-18925 as it closed at 19814 on last Friday.
For Crude Oil, we are expecting a support at US$69.10-US$69.19 but should it close below US$69 , this could lead this commodity down to US$65 level and this could bring more selling in CPO stocks (Rem, I mentioned that we have all our grads to clear long positions before the weekend and we were proven right).
Overall, we are NOT KEEN to buy any shares at the moment because we expect more selling to come this week as many other non-V3Go traders been buying shares over the last week thus we expect them to unload once their contra day arrives. We won’t be shorting stocks at these levels now since most likely it will gap down a fair bit. We will only activate shorting the Index Futures and target quick profit too.
Sincerely, we hope that more people will make the decision to come for our V3Go Futures Mentoring Program and learn how to trade Futures so that they can make more money to recover their current situation or increasing their wealth than being constricted to trade stocks only.
Contact us at Sales@Genesismgt.com.sg now
Disclaimer applied
Kelvin Han
aka Trend Master
V3Go Originator
No Comments »
Good Morning Everyone,
Based on my V3Go System today, most likely if HK Future fail to go above its Opening Price, we are going to see some form of selling in the market. Since last week, I have been informing many people that Shanghai Index is like a time-bomb waiting to explode on the Asia market and there is a critical support at around 2550 level. Should it fail to stay above it during this period, most likely we will see it going lower to 2400 level and based on the first 30mins of market action, I am quite sure we are going to see it happening.
We are calling for a SELL on the HK Future today and will target to take partial profit at around 19665-19675 area first then follow by 19570-19575 area. The HK Future market closed at 19799 yesterday.
As for the Dow, I also mentioned before that it have to close above 10300 soon so that it can continue its upside… and last night, it hit a high of 10,314 but closed at 10255 instead. Hmm.. this is not good. I truly hope that the Dow can re test this number again and stay above it.
If not, I am expecting a 1000points drop from here, over the next 2-3months!
Last market to analyse is the US Crude Oil. It seem to have some difficulty to close above the US$75 mark which is an important level for it to recover back to above US$80/barrel level. US$72.50-72.60 is the nearest support for the time being. It is currently trading at US$74.30s region. I am not keen to go long on this market at this level at the moment as I do expect it to go down again to test the US$72 region thus I also advised my grads to book profits on CPO stocks like Noble, Olam, SMM etc.
With that, have a great day in the market today and may all of you prosper!
Disclaimer applied
Kelvin Han
V3Go Originator
ps: Due to a career move, I am going to conduct my potentially last Mentoring Program on the 26th and 27th of June. This program will be towards Futures as I wish to share my trading experiences that I accumulated over the last 15years. I will be touching on;
1. The Basics of Futures. From what is Futures, to using a Futures Account to placing orders
2. Understand how Futures affect the Stock markets, and how Big Boys use Futures to ‘fool’ retail traders
3. Learn how to strategically plan to capture big profit on SIMSCI, HK, TWI, Gold, Oil, S&P and NIKKEI
4. Make S$200 on Forex, using the 60mins chart, with V3Go Indicators
5. Learn where to find trading stops of others and BREAK IT!
6. Kelvin will teach you how to FLIP and DOUBLE trade when market reverse.
and more… + 3 weeks of On-Line Skype Conference + 1 Hand Holding Session + 1 Trade Live Session (10hours!!) + Kelvin’s Top 5 Winning Strategies in Futures market.
If you are interested, do kindly contact my Event Organizer at Sales@Genesismgt.com.sg and more details of the program will be sent to you via email. The cost of the program is S$2888/pax and if you are coming as a couple (husband and wife only), you will be given discount!
If you are coming in groups, you can contact us to obtain group discount but must be min 5pax or more.
Would really love to see you!
No Comments »
Good Afternoon,
This is what we shared with our grads;
[1:56:10 PM] 00 KH-Trend Master says:
Kindly take note of the Euro and the US Crude Oil market, this morning session, both of them hit 1.2295 and 72.94 DH but now, they are trading at 1.2222 and 72.07. Their OP is 1.2214 (FYI;forex no exact OP) and 71.94.
So if they goes below OP, one should expect another selling spree in both futures and stock markets.
Kindly take note.
[1:58:12 PM] 00 KH-Trend Master says:
Before Lunch:
NIKKEI is 9610
SIMSCI is 321.2
TWI is 256.80
dollaryen is 91.40
Dow future + 4
Now, Dow future is higher while twi lower and nikkei same
In summary, we have told all our grads not to be in long positions or take any long positions at the moment. In fact, one can go short on CPO stocks again and the Index Futures. Market doesn’t show the strength to go up and the selling pressure seem there waiting to pounced on the buyers. Of course, we may be proven wrong shall the market rocket up but we rather play safe than sorry. I repeat, we are encouraging SHORT or stay out from the Long today. Disclaimer applied
Kelvin Han
V3Go Originator
No Comments »
Good Morning,
I got 3 THANK YOU to say…
First, I would like to thank all my support and friends who made their way down to SMU despite not even having their dinner before they attended my talk. Deeply appreciate that.
Second, thank you for the nice encouraging words that you gave me for my new career… deeply touched.
Last, thank you for intending to sign up for the course which I made confidental that you can recover this small ‘investment’ within 2months of consistent trades with my assistance during the 3 weeks skype conference. The Best Thing to do now, is to learn how to trade FUTURES from me and I am sure you will learn how to GO LONG and GO SHORT at the same time!! Make DOuble the MONEY with the SAME Effort!!!
To register for my course, kindly email us at Sales@Genesismgt.com.sg and we will relate more information to you!
Today, I am a tab busy as I need sort out some admin on my side but this is what I shared with my grads… and I would like to share it with you too since all of you are so nice and kind people…
————————-
Hi All,
I am outside doing some work so alittle late in today’s market commentary.
Today I am still very bearish with the markets especially if Shanghai Index fail to stay above 2550, this market will re-enter into bearish mode (In my opinion)
I am looking at HK to close around 19300 level today. If that happen, most likely, we will see 19000 again by this week.
For the STI, 2701 is the critical reason for any buyers in the market based on our V3Go Diff. If the STI fail to stay above it by this week, most likely, we are going to see 2650 again.
Crude Oil most likely will re-test US$69 level again. At the moment, it is trading around US$72. The reversal of it last night clearly shows that the market is not having the strength for further upside.
Euro has a critical support at 1.2152 and tested and supported last night. I am looking at it to hold for now. But if it doesn’t then, I am looking at Euro to test the psychological level of 1.20 as I believe the ECB is going let its currency slide like the Greenback in 2009, so that in order to attract investors to return back to the battered economy.
In summation; If possible, kindly stay out in the market today if you have the intention to go long. The risk vs reward ratio is currently against the longists. If you are intending to go short, wait for each rally to come in.. and as long as its below OP of the day and diff is in play, you can go for it.
Have a great trading day ahead!
Kelvin
——————————–
Disclaimer applied.
No Comments »
Good Morning,
This is what I shared with my fellow graduates this morning;
[9:37:49 AM] 00 KH-Trend Master says: Morning,
Crude Oil is forming a classical SELL Signal based on the TSC as its DH failed to re-enter the UT TSC.
And with the current S&P trading much lower as compared to yesterday…
Most likely, we are going to see some profit taking soon. Traders who are in CPO stocks, please kindly set trailing stops so that you won’t be caught off guard if the selling do come in.
Shanghai index most likely will continue its selling as long as it cannot break above the OP of today as it is within the DT TSC
STI must minimumly stay above OP (2741) of today . Currently it is challenging the LB of the UT TSC at the moment. If the index goes below OP again, it could lead to a Classical Sell Signal formation.
My Take today:
For Futures side: I am encouraging traders to go SHORT based on Rules.
For Stock side: I am not going to buy any stocks.
Cheers!
Kel
No Comments »
Good Evening,
In all honesty, I didn’t expect such an incredible reaction from the public as more than 70% of the registered people are new friends whom have never attended my preview before. This truely shows that many people are really getting interested in learning more about Futures trading which I strongly believe, is truely very important to know especially in time like this.
One can go LONG. One can go SHORT on the same account. No daily roll-over interest to pay. Low capital on high leverage financial products and most important, one can do intraday trading without FEARING overnight global risk or fundamental news like suspension, stock split, Rights Issue or company CEO or CFO disappearing or asked for a coffee at CAD office.
Recently, during one of our V3Go Futures Trade ‘Live’ Session at International Plaza, fellow graduate, Mr. Andy Lim, made S$3000 trading intraday on the HK Futures, Crude Oil, Yen Futures, Taiwan Futures and SIMSCI. You can see that he didn’t win in all the markets. He did suffered a fair share of losses BUT he made more than he lose as he is trained to keep the losses reasonable and allow profits to run. That’s how we train our V3Go Grads. Real Life Trading Statement.

Don’t wait further! Join US now and learn how to trade Futures with the V3Go Family and Team
No Comments »
|
|