Good Morning Readers,
I am hearing this from the folks off the floor…
” Kel, check with you. There are news that big funds are exiting sg and asia. how would this be affecting the market? Where would the fund be targetting next? And seem that everytime the market is up, there are more people taking profit than pushing the stocks up. Should we follow and short the crude sector?”
My reply:
“Have you heard about the boy who cried wolf? If pple keep saying that market will SELL after it goes up… and it did happeend for 2 times in a row… what will happened on the 3rd time?”
“If my calculation doesn’t fail me, we should be sighting HK to break above 21,000 soon and test the first resistance at 21,140s while Shanghai to test 2400. Currently, both of them are trading at 20,800 and 2366 respectively.
Of course, the STI to test 16th of March’s high of 3035. NIKKEI may return to 10,000. (now 3006 and 9650 respectively)”
V3Go Grads Team used the capital from Futures side and bought in more counters. Recently, they lost money on Bio Sensor, China MZ, Civmec, Cordlife and Iev.
Over this 2 days, they bought in Yoma, China Fashion, Iev, Ezion, Genting, UPP and Interra, on top of other counters they bought since last week.
Total portfolio value have risen to nearly S$2mln.
Kelvin Han
V3Go Academy Chief Trainer