Negative GMD completed. One can start to do some bargain hunting.
Posted by admin in Commodities, Forex Analysis, Futures Pick, Market Analysis, Stock Pick, Trivial of LifeGood Morning Everyone!
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As expected, the Dow completed the Negative GMD formation thus most likely all the Indicies will GAP DOWN. Once the market goes above the Opening Price (OP) of today, one should COVER BACK your shorts OR one can start to do some bargain hunting.
I am looking at SAR, Ying Li, Genting, Midas, YZJ, First Res, Novo for Bargain hunting
I will update more as the day go by.
Crude Oil created a CLUSTER formation despite failing to close above TAOS level of US$78/barrel. But since the trend of the Crude was on the way down and with a cluster formation, there is a chance that we might see some support around here. V3Go BC is around 79.31. It closed at 77.59 yesterday. But once it cross above 78.68, one can start to look into this commodity.
HK will be a GOOD BUY once it test the TAOS level at 20912 this morning and rebound. Should it go above 21312 convincingly, one can choose to HOLD it overnight. HK closed at 21183. One can looking to go LONG on the CALL Warrant today.
NIKKEI, resistance will be around 10720. Once this level is broke upwards, one can go LONG.
Continue to HOLD onto your DOLLARYEN long. I am looking at this currency to hit 92 soon.
STI, the index closed at 2893 last evening on a strong reversal selling BUT do watch 2888 today as that will be the pivotal level. If STI test this level and rebound above it, the Index may recover back above 2900 level.
In summation, as long as the market are trading above their OP of today, please look towards BUYING than SELLING.
Cheers!
Disclaimer as usual applies
Kelvin Han
aka Trend Master
Originator of V3Go Mentoring Program
ps: Lets all PRAY for the Haitians who are trapped in their country as another Earthquake strike the country. http://sg.news.yahoo.com/ap/20100120/twl-cb-haiti-earthquake-1be00ca.html
Let’s kindly donate some of your earning today via RED CROSS to help them. I will do my best to provide calls for you to benefit, to help them. Let’s HELP them!!
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