Undeniable facts, Euro is coming down while the Dollar Index rose. US Crude hit a high above US$101 and now is back to US$98.40s. US Consumer Confidence came in below expectati0n. US Home Prices fell short as compared to the previous month.  

Yesterday, we saw the STI closed at the Day High on last 20mins ‘selective buying’ on certain Blue Chips.

With all the above, it fits perfectly into our system to warn us that a 200-300pts correction move by the Dow is just around the corner.

We have been warning traders since last week that the STI is likely to see further profit taking on the recent favourites like ie. Noble, Cosco, YZJ, Olam etc. Local Banks price actions are showing signs of exhaustion too. And yesterday we witnessed 21/30 Top Active counters were pennies and trading very actively, exceeding their average daily volume by huge %.

All these are typical signs of danger and seriously, any savvy trader should know that it is time to bill out from the market and sit on the fence, while awaiting for the next correctional move to come. Bulls and Bears makes money… Pigs get slaughtered!

We are looking at the US S&P to hit 1270 by next Monday or Tuesday. It closed at 1308 last night. 
STI Support will be at 2892 today. It closed at 2906.
Euro may hit 1.2880 this week. Now trading at 1.3090.  
US Crude may test US$95.80 by next Tuesday. Now trading at US$98.45

Caveat emptor.

Kelvin Han
V3Go  Chief Trainer

The USD Index have started to fall since it touched 82 on the 13th of Jan 2012 and has hit below 79.20 on last Friday. During this period, we saw the Dow rising alongside with the regional emerging Asia markets. USD crosses like Euro and Pound, during this period, traded higher on arithmetic reasons despite the economic fundamentals doesn’t support it.

Interestingly, even the mortgage-backed bonds are back in favor thus the RISK is back on. The Price Action on the Municipals confirmed it.  

V3Go Graduate Team bought the CHF (Swiss Franc) at 0.9130 and shorted more Euro at 1.3214 and placed a short position on the Pound at 1.5714. They also added more short positions on Crude at US$99.66 and new position on Gold at 1736.80

Should the USD Index rise above 79.50, they will add more positions on the S&P, HK and SIMSCI short positions.

Based on calculation, the markets mentioned above, are likely to PROFIT-TAKE for this entire week until 7th of Feb 2012. Traders are adviced not to enter the market on the long side from today onwards unless you are willing to take the extra risk. 

Wait for 1 week so that you can have a better long entry for the next rally that might stretch for 2-3 weeks  until 20th of Feb 2012.

On the 8^th of Feb,

We will be sharing on which counters to look at and the outlook for the STI. We believe some stocks are  about to move in waves once certain resistance levels are taken out. To register for a seat, kindly register @ www.didyoutrade.com/signup. For enquiries, kindly contact Ben at sales@v3go.com or 9270 8681.

Sincere opinion,

Kelvin Han
V3Go Chief Trainer

V3Go Graduate Team did a few discretional shorts (today) on

1. S&P at 1319

2. SIMSCI at 333.0

3. HK at 20480s

4.  Noble at 1.395

5. Cosco at 1.215

6. NIKKEI at 8890

7. Crude at 99.80s

Note: The V3Go Graduate Team bought back our Euro & Crude at 1.2955 and 98.22 (shorted at 99.90 and 99.20 for Crude  and Euro bought at 1.2835) The Day Low of Crude and Euro last night was 97.53 and 1.2928, respectively. Congrats to those who followed.

V3Go Team  

For today I am going to watch the markets than trade on the long side especially without HK and China market around.

Reason why I prefer to stay away from the Long side is because I dun like the movements in the currency & commodities market and based on rules and patterns, the moves from the last 2 trading nights show that the market is exhausting and the effect may be seen by later part of this week. 

Our V3Go Graduate Team Shorted Euro at 1.3035 as it hit TAOS Resistance over the last 2 trading days (@1.3048 level). Currently trading at 1.3029Breaking below 1.2950 will set the confirmation signal of further downside. 1.2935 will be the first profit level while 1.2850 will be next.

US Crude must stay above US$99 today… if not, based on V3Go SC Line, it may bring this market lower to 98.35 level.
Breaking lower may bring it to US$97 levels.. Currently trading at US$99.20

STI is expected to be resisted at 2866… failure to stay above it, may bring it lower down to 2800s level.  Now at 2869

Kelvin Han
V3Go Chief Trainer

 Dear Readers,

 We are expecting the US Dollar Index to go into profit taking mode in the near term therefore, it would likely be able to motivate the Equities market higher this 2weeks.

 This is a temporary inverse relationship between the 2 financial products.

 Once the transition is over, one should be expecting them to move in tandem and likely to ignite a Super BULL market by then.

 We are looking at the Dow to trade much higher until end of July 2012.

Kelvin Han
V3Go Chief Trainer

 Morning Market Outlook:

Last night, the S&P hits a low of 1195.50… missing the 61.8% retracement by 0.5pt and rebounded (these Ang Mo traders really love Fibonnacci)

So 1209.5 become the near term resistance…

If the market can break above it and close above 1222 then 1246 and 1280 is not far…. Currently, trading at 1205, on the high side of the day.

Shanghai market is also expected to trade higher this morning as looks support at around 2180 level.

It closed at 2218 and likely to test back to 2375 area in 2-3 weeks time.

This should propell HK to recover back 19,000 (closed at 18069 yesterday)

STI should be challenging the 2660 resistance today (closed at 2618 yesterday)

A good closing above it, should see 2701 by this Friday.

Gold and Crude are expected to trade higher to 1630 and 96 level this week.
Currently trading at 1597 and 94.59 respectively.

AUD, trading at 0.9924 now, is expected to test 1.01 this week too.

Trade with Care

Kelvin Han
V3Go Academy

Our V3Go Graduate Team been waiting for this sell in the GOLD and AUD for sometime and finally their wait is over.

They bought into Gold and AUD as we believe that the Dollar Index is poised for a technical pullback soon.

Looking at Gold and AUD to recover back to 1710 and 1.0150 by next week

V3Go Team

Are you having thoughts of giving up in the market? Are you wondering why you are losing money AGAIN after making some recently?

Are you feeling frustrated of your trading as you seem not to get it? Or more important, are you thinking that you are a JINX in the stock market?

………. Honestly, if you are feeling this way, you are perfectly NORMAL as Human will always have such thoughts in the time like this and that’s where despair and disappointment will overwhelm the same person whom was happy and joyful when he/she was making from the market back then…

Stock market in certain operate like a casino in a way…. the participants are using skills and experience to play the game… capital is the chips to play the game… luck element plays a part but overall, it is the psychology that separates the winner and losers.

Being in this market for 16years now… I have trained thousands of people in my life and I cannot deny that this repeated pattern have been flashing by me tens of time since 1999 and interestingly, it is still repeating…

I can talk about it for hours and give you so many examples but I think, at this time, what you need is a direction and now I will share some excerpts of what I shared with my graduates LIVE on SKYPE conference this morning… which will make you think… which training school in Singapore actually shares so much, so diversify macro view with you?

Only V3Go Academy does it…

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

Hong Kong Market

The HK Futures market’s 61.8% retracement method is at 17706… yesterday, it opened lower and traded above

Now it is trying to do the same… if the market really can do the same thing and close in positive and above previous closing

that will create a double support on the market. That will be positive.. if not… traders must still go slow

Shanghai Stock Market

The Shanghai market recovered most of its morning losses… the market is having a TAOS support at 2395 and if the market can hang above it, current price at 2396, this could be the support in the market..

The US Dollar Index

The DX have risen quite a bit recently therefore giving pressure to the regional asian market but it also shows the US Dollar is in demand by the market which actually translate to the US economy is actually doing better than last year… this could effectively put investors into the better mindset and frame to return into the Equities market

This will be a tug of war game… and it will take some time to see the result… therefore one need to be very calm and assess the situation and invest accordingly…

Big Picture Overview

Even if you want the market to cheong (move) back to forward gear…

One still need to go thru the motion of Neutral to First to 2nd to Third… and so for…

Let the course of Nature takes its course… France will likely lose its Triple A Rating like US… but kindly take a look at what happened to the US stock market after it was given the AA- rating… you will see the same thing repeating…

Why? That’s Human for you….

http://www.didyoutrade.com/posts/v3goi-sentiment-calculator-today-20/

 2. HSIC1 (52% –Neutral) — HongKong
3. SIMSCI (58% –Neutral) — Singapore
4. STWC1 (57% –Neutral) — Taiwan
5. SHICOM (57% — Neutral) — Shanghai

Look at our Indicator…

It is clearly telling us that the market is in Neutral level… We need to be steadfast with our views and be patient with your selection

Once you found the way and tempo of this market… I am very sure… money will come to you soon…

STI Outlook?

Our V3Go STI TAOS Level is 2676…

Today opened at 2665, hit a low of 2658… less than 1(V) movement

Therefore, if this market can recover up and stay above 2676 will be a good sign

2666 is the DIFF S/L therefore will show the market is support above DIFF S/L

2668 is the 61.8% Fibo Number which last 2 days; the market been testing and staying above it.

Although the market is still coming down but the DIFF is turning up = a clear cut V3Go Divergence..

it was the same pattern when the market kept rising up (4weeks) and the V3Go DIFF was turning down …

And of course… now we are witnessing the aftermath… the selling…

So lets not be sucked into this selling and give our scripts to the Big Boys who are benefiting from our Fear…

The above represent my personal opinion and I do have vested interest at the moment.

Have a great Black Friday and good weekend ahead.

Note: If you think you are want to be a SERIOUS Trader and wish to JOIN Me and Trade Professionally.. contact Ben at 9270 8681 or email us at sales@v3go.com to get more details aboutour 40th and 41st V3Go Mentoring Program…. the market is going to rally …  don’t you want someone to guide in the macro picture.…  Make the Life Changing Decision now.

Kelvin Han
V3Go Chief Trainer

Not only I have covered 80% of my short positions this morning, I also bought into AUD & EURO Dollar to keep. (average 0.9960 and 1.3460)  

The quantity is not a lot as compared to my shorts but I am beginning to feel positive with this market temporary. 

I am not saying that the market is going to turn bull now but I believe we are near to the bottom of this crisis.

 Although the Spain and France have paid great yields for their bonds but the bottom line is that they already get what they need
at least for the time being.

 Therefore this borrowed money will be put into good usage very soon and the Smart Money should be coming back into the market too.

 US Jobless Claim dropped by another 5000, the lowest level over the last 7 months clearly shows that the Obama Administration may have
a chance to bring back the US Economy into the pink of health in the time to come.

 Undeniable, the effect of it won’t be immediate as Rome was not build overnight thus we must give time for the people to regain the lost confidence
which is most important now as it is a key element for recovery and it is missing from the equation due to the waves of uncertainty since the US
CDO Crisis back in 2009.

 I mentioned before, STI at 2750 is an important level to watch and once the market is near there, I will be looking for buying opportunities..

 If the Index can trade to 2694 to cover the gap on the 24^th of Oct 2011, will be better and I will definitely be buying more when that day come while I cover the rest of my shorts.

 So you can see that I am not expecting the selling to end yet… but I believe we are near… therefore we really need to be patient to profit from this market.

 I am still looking at the DOW to hit 13,500 by end of Jan 2012 and if you wish to know more, you can register for my FREE Seminar on the 21^st of Nov 2011 at 7.00pm. To register – www.didyoutrade.com/signup 
(We added one more seminar as our previous 3 dates are all over-booked)

 Looking forward to see you and may all of us profit from the market volatility.

Kelvin Han
V3Go Chief Trainer