Did You Trade

Good Morning V3Go Grads,

STI closed at 2683 on last Friday. Dow did a 165points reversal from the bottom on last Friday, to close positive, in the last 2 hours. Normally, when we see  such late hours reversal, it usually indicate possible follow through buying in the Asia markets.

STI Indicator Support level is 2706 while the IP of the UB of the V3Go DT TSC is 2710. So if the STI can close go above, I am quite certain that there could be a chance to see STI trading 2763 in the near term future. Failing to close above 2706, then my advice to traders, is to be careful on the long side of the market as it may fall to 2629 level.  The Index closed at 2683.

Stocks that I am looking at is Genting since RWS recieved the licence from CRA. Based on technical,  if it can close above 1.14, our V3Go DIFF R/L, I do see it trading higher in the near future.

CPO stocks might be soon in play when the Crude Oil found support at the new V3Go TAOS support level. But I dun expect them to rebound immediately as usually, it will take a while for the commodity to lead the charge but it will be good to do some analysis now to prepare yourself where to buy or cut.

NIKKEI must go above 10125 to break above the V3Go DT TSC. Since the ROC is a positive one on a DT therefore today, unless the index goes below OP, if not, short sellers are not advised to short it.

SIMSCI is a V3Go DT TSC with the -ROC getting smaller therefore traders are to watch 324.1 today. It closed at 321.7. If it goes below OP, one can short it and expect small profit. But if it goes above 324.1, traders may see the market rebounding.

HK, closed at 19538, down 805points on last Friday. If it can stay above OP and go above 19785, then one can buy. If not, this market will still face some selling pressure.

Shanghai, closed at 2939 and its formation is V3Go DT TSC with a positive ROC therefore if this index can go above 2945, it may add some positivity to the battererd markets. If it goes below 2934, traders are advised to get out from the long and short stocks.

Jakarta Index closed at 2518, down 73points or near 3% on last Friday but its still on an uptrend therefore watch 2519 today. If the Index can open and stay above this level, this index may do a technical rebound. If not, traders are advised to stay out or go short as it may test 2431 if fail to find buying interest.

Dollaryen must trade above 89.90 to pave way for buyers to buy it confidentally. Should it go below 89.30, traders can go short on it.

Have a great trading day ahead and may everyone make good money from the market today!!

Event Note:
We have received prettygood respose for this coming WednesdayV3Go ExPRESS despite the CNY festival coming. It might be a great time to get some idea of the stock market and reap some good profit for the festive holiday!

Interested parties, please kindly email us at sales@cronwell.com.sg now so that we can reserve a seat for you. We have limited seats for this event due to the venue therefore it will be good that you make your reservation early. Email us now at sales@cronwell.com.sg now!!

Please kindly include your name and contact number in your email so that the registration can be completed.

Disclaimer apply as usual.

Kelvin Han
aka Trend Master
Originator of V3Go Mentoring Program

This entry was posted on Monday, February 8th, 2010 at 7:58 AM and is filed under Commodities, Events and Advertisements, Forex Analysis, Futures Pick, Market Analysis, Stock Pick. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.