STI spent most of the time aimless yesterday… that usually signal directional movement today. 2850 target for this week
Posted by admin in Comments and Feedback, Commodities, Events and Advertisements, Futures Pick, Market Analysis, Stock PickGood Morning,
Yesterday, we had our regular Trade ‘Live’ session with our V3Go Grads and boy we have a tough day trading. We shorted Taiwan, NIKKEI and SIMSCI. Taiwan gave us 2 round of profits, easily US$250 for the day. NIKKEI’s trade we ended flat and for SIMSCI, we ended with a small loss.
Overall, we had a good day as we shared with another more stuffs about intraday trading.
But before the Grads left, I told them that Wednesday, 24th of March will see a more directional day (meaning market going towards a single direction) and they should capitalize on it. And if I am correct, we should see STI Gapping UP first and then SELL Down.
Later in the night, we had our V3Go Preview cum Genting SP Special and I expressed 2 schools of thoughts to those who attended. I am bullish on the 3Q and 4Q of 2010 but I am bearish on the 2Q. I believe that we have seen the resistance cyclical high at 2932 level and should see some correctional movement back down to 2850 first. Currently, it is trading at 2911. So I advised my grads not to go too heavy on long side especially if they are trading on speculation (contra). If you have seen my drawing on Genting, 2-3days ago, it clearly show that I am looking for this share to trade LOWER first after the important 97cents resistance failed to break above.
For those who are in my SPECIAL Genting Emailing Group, do wait for my next update but meanwhile, kindly reserve your ammo first.
Obviously, with 2 trade ‘live’ session and preview in a row, me and my team members are definitely exhausted so other than SHORTING the Future market especially SIMSCI, NIKKEI and Crude and the CPO stocks, like Noble, Indo, Wilmar, Olam etc, we are not doing anything else.
Of course, nothing is 100% but since we have our time tested V3Go System on our side, we believe we will be the profitable side by the end of this week. Disclaimer apply.
Have a great trading day ahead! Cheers!
PS: Our 32nd V3Go Mentoring Program is this coming Weekend, 26th-28th of March. If you interested and wish to join our big V3Go Family, kindly contact us now at sales@cronwell.com.sg
Kelvin Han
aka Trend Master
Originator of V3Go System
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