Dow to trade within a +/- 130points range
Posted by admin in Comments and Feedback, Events and Advertisements, Futures Pick, Market AnalysisGood Evening,
Today I was swarmed with work as I went around to sort out the admin before our V3Go Futures Program tomorrow and Wednesday’s V3Go Christmas SPECIAL Event.
To be absolutely honest, I am very impressed with the turnout on last Thursday despite the heavy rain prior to the event. I really salute those who took the effort to make it. Thank you once again.
From the way the stock market is moving today, I’m very glad that whatever I shared with the people on last Thursday seem to be moving nicely according to plan. The content that I shared on last Thursday will be the same for this Wednesday, no worries.
We have mass emailed those who turned up for last Thursday event. It’s like a post-event survey email. Please reply the email and send back to us so that we can give out the SPECIAL Email that we promised. Thank you.
Registration for this coming Wednesday is officially close. The extra seats were taken up within 48hours after we annouced it! Please do bring along writing material, an umbrella and a sweater on that day since the weather been rather wet these day especially the evening period.
This morning, this is what I shared with my graduates on our V3Go Grads Only Skype Conference before I take my leave.
[9:170:11 AM] 00 Kelvin Han:Today STI is a DT TSC with a postive ROC formation and its upside ROC is stronger on last Friday so OP +1 is a good long indication for further upside for today. But if the STI goes below OP, one must be careful.
[9:20:32 AM] 00 Kelvin Han: STI is going to test TAOS resistance at 2783 again. now trading at DH of 2780
[9:23:22 AM] 00 Kelvin Han: Dow Jones on last Friday is a SHP formation therefore one must expect some big movement to come to tonight. its a DT TSC with a smaller downside ROC but the W% indicator is pointing downwards therefore traders are to watch the afternoon session to see if there is any shifting from positive to negative sentiment. If that happen, one must be careful.
[9:25:56 AM] 00 Kelvin Han: Most of the banks are still trading above OP, so thats a good sign for the longists for the time being
This morning, our grads picked up shares like Capital land, Aussie Group, Ying Li on their own and I believe they must have profited from it. Well done grads!!
For tonight, based on our V3Go technique, the trading range for the Dow will be something to look out for as I believe the Dow may hit 10437 and then come back down to around 10,300 level. The upside seem plausible but I doubt it will close at the high.
Gold should hit my 1180 target by this week and that’s where I strongly suggest traders to lock in their profit and go for something as for investment/trading. Now trading at 1160 level.
As long as crude oil stay above US$77.06 tonight, I am expecting this commodity to re-test US$80/barrel again. Now trading at 78.35 level.
Hope that the market goes according to plan. Have a great evening ahead!
Nothing is 100%, disclaimer applied as usual.
Kelvin Han
Originator of V3Go Mentoring Program
Cronwell Pte Ltd
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