Why V3Go Graduates know that yesterday MAY NOT be a good day to short….. and IF you want to buy today??? Expect Profit taking first!
Posted by admin in Events and Advertisements, Market Analysis, Stock PickGood Morning,
By this morning, I have received at least 30 SMS in total from my friends and graduates, congratualating me on my call(s) yesterday. But the million dollar question was, how did I know??
In V3Go Mentoring Program, we will share with you
(1) Be Fearful when everyone is getting greedy AND the market doesn’t move UP further and Indicator calls for potential overbought.
(2) Be Greedy when everyone is getting fearful AND the market doesn’t move DOWN further and Indicator calls for potential oversold.
You can see that, in a Bull Market; market always rebound after a series of selling and if the V3Go Indicator concur with a potential oversold situation, one should wait for bargain instead. And for yesterday, it opened at 2607, hit a low of 2605 for less than 5mins and then it rallied up to closed near the DH of 2636, at 2632. So in theory, if anyone shorted since the start of the opening bell, most likely may not profit from it. I am not refering to everyone as some stocks still fallen but from the look at the Top 50 Active counters, most of them actually close near their DH, away from their opening price.
So with the Dow closing 199points higher as 3Q GDP turned positive , I am sure that traders are preparing to jump into the stock market after recent selling in the market. When I was at Phillip Securities meeting a broker friend of mine yesterday, I was pretty sure that the market will recover… because I hardly see anyone at the free terminals. Usually, it will be packed with people, ”parking” themselves at the terminal to watch the market while rotating with those who wish to take a peek at their portfolio. But yesterday was a Ghost Town instead. Less than 4 people were there. I knew that the usual signs are back. I always believe Retails participation is the best Indicator for trading and I was proven right.
But for today, I’m going to take a back seat as I think PROFIT TAKING will be on the Menu for today. Based on our V3Go System, shall the market fail to close above OP of today, one shouldn’t be buying into the market as V3Go Indicators are still showing sign of selling pressence and usually, this will lure the sharks to the pool. They came due to the blood in the water and today, they will harvest while the retails jumps into the market, again….
With today being TGIF (Thank God Is Friday), I believe that Professional traders may want to lock in some gains in the morning and then wait for a better entry to re-establish their positions. I strongly believe that since the GDP is positive for the US, most likely, Fund Managers, will have to come in in size during the December 2009 and Janurary 2010 dressing period, so to see STI crossing to 2850 level by end of Dec shouldn’t be a problem but for today, my stand is to expect initial profit taking to set in first for ALL markets.
Local Stocks in Mind: Rotary, Guccoleisure, UTD, Ramba, Ecowise and Ziwo. (Active Counters) DBS, Caplad, SGX, Kepland (Blue Chips)
(Advice: Trade with care. If the stock is trading below the OP of the day, I suggest you Not to buy unless you are looking at long term investment then of course, trading criteria will not be necessary for you)
If you are impressed with our V3Go way of teaching/looking at the market and wish to know how we use our V3Go Indicators to know which day is good for long and which day is good for short, then attend our V3Go ExPRESS on this coming Wednesday. Seats are limited and registration for it is building up. Please kindly register with us at Kelvinhan@Cronwell.com.sg so that your seats will be reserved for you!
Have a great day ahead and happy Weekend!
Cheers!
Disclaimer applied as usual
Kelvin Han
Originator of V3Go Mentoring Program
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