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Friday, April 27, 2018

Dow Jones - Showing symptom of Bear market?


Has the Dow peaked for this cycle?  Trading volume has been declining on counter rallies versus rising volume when the market is rising. This is one of the symptom of a Bear Market.

All posts and charts are for educational and illustration purposes only
Wednesday, April 25, 2018

SOX (US Semi-Conductor Index) - The chart could signal the bull run in the Semi-Conductor sector is over

SOX - US Semi-Conductor Index  - A false breakout could eventually result in a Double Top formation which is a major reversal signal to many chart follower. This chart could signal the bull market for the semi-conductor sector has ended!



All posts and charts are for educational and illustration purposes only

High Probability DLC Trading Strategies with Mr Robin Ho - DLC Interest Group Meetup

Trading Kungfu

High Probability DLC Trading Strategies with Mr Robin Ho

Come join us at the Inaugural Singapore Daily Leverage Certificates (DLC) Interest Group Meetup!

At this session, you can learn from one of the most active and successful traders in Phillip Securities, Mr Robin Ho, as he shares how he uses his proprietary trading system to make high probability trades on the DLCs.

Using his trading system right after its launch SGX in July 2017, Robin made more than S$30K in one month, trading the DLCs.

Event Details

Date and Time: 

5th May 2018 (Saturday)
1:00pm - 4:00pm

Venue: 
SGX Centre 1 - Auditorium
2 Shenton Way, Singapore 068804
Register Now - Seats are Limited!

About Mr Robin Ho

Mr Robin Ho became a well sought after speaker after turning $100K into $2 million dollars in 15 months during the global financial crisis in 2008, predicting correcting the market peak in 2007.

Every Monday, Société Générale will feature Robin in their weekly Hang Seng Market Outlook webcast, where he will share his views and strategies on trading the DLCs.

Over the years, Robin has taught and mentored thousands of professional traders. He has also developed his proprietary trading system that focuses on Price Action which he believes is the answer to the volatile market today. Robin has been conducting his flagship Master The Markets (MTM) course with CyberQuote since 2004, and appointed as SGX accredited trainer since 2012.

What You Can Learn At This Event

During this session, Robin will be sharing with us on two topics:
Topic 1: The Outlook of Hong Kong and Singapore Market

The increase in volatility seen in the Dow Jones recently spells exciting times ahead, especially for short term traders.  But how will this impact the Asian markets?

 
Find out more as Robin shares his thoughts on the outlook of the markets closer to home.
Topic 2: High Probability Trading Strategy Capturing the Potential Movement of HSI and SIMSCI using DLCs

DLCs are great for short term traders who want to leverage their trades, but how do you make use of them to make high probability trades?

Learn how Robin uses the DLCs maximise his returns with his trading strategy.
We also have representatives from Société Générale and Phillip Securities to explain more and answer any questions you may have about this newly launched financial instrument in SGX, and also a demo session by on how to go about trading the DLCs from within the POEMS trading platform.

So whether you are an active trader looking for opportunities to leverage your trades, or just curious to find out more about DLCs, come join us on the 5th May 2018!
Event Details

Date and Time: 

5th May 2018 (Saturday)
1:00pm - 4:00pm

Venue: 
SGX Centre 1 - Auditorium
2 Shenton Way, Singapore 068804
Register Now - Seats are Limited!
All posts and charts are for educational and illustration purposes only
Friday, April 20, 2018

The Yield Curve is Flattening, why should investors be worried?

The Yield Curve is Flattening, why should investors be  worried?

The US 2 Year Treasury Yields is at the highest since 2008 at 2.42% and its spread on the 10 year Treasury Yields is narrowing resulting in a flat yield curve. The last time this happened  in 2006 was followed by the Global Financial Crisis in 2007.

This blog view remains that the more the Fed raises rates from here, the more likely the yield
curve is to flatten. Indeed, after having flattened significantly last year, in terms of the spread
between the two-year Treasury and the 10-year, the yield curve began to flatten again towards the
end of last quarter.  This is primarily because short-term rates have continued to rise based on rising Fed tightening expectations.

10-year Treasury bond yield is currently at 2.92 is threatening to reach the year high of 2.95 and could set the stage to take the 3% mark which would  signal to many chartist  the end of the disinflationary era which commenced in the early 1980s and which has, for the most part, proved extremely positive for the stock market. When inflation returns, stock would suffer a massive derating in terms of price earnings ratios as a result higher real interest rates.

All posts and charts are for educational and illustration purposes only
Wednesday, April 18, 2018

Best World - Fundamentals are Good but Price Action Shows Otherwise

Best World - Result due in  early May with analyst expecting upbeat results, management guided 20% growth target for 2018 backed by free cash flow yield of 6% and  trading cum dividend 2.6c.  All these looks rosy but today's price action suggest Big Boys could have distributed in March/April . Could rebound to 1.65 from current price 1.59 . If prices stay below 1.61 , it could go down to its next support at 1.55. A break below 1.55 could trigger a sell down to 1.46 and 1.35
All posts and charts are for educational and illustration purposes only
Friday, April 13, 2018

KSH - A Rebound Is On The Cards! Any News of the launch of Gaobedian project could revive the stock!

KSH - A rebound is on the cards! The company is likely to launch phase 1 of the Gaobedian Project this year after a pre-sales permit is obtained. The stock rallied last year on the potential wind fall from its 22.5% owned Gaobedian project located near the SEZ. The rally fizzled away as the market was uncertain of the timing of the launch of the project rumoured to be targeting up to Rmb 20,000psm. This theme could be played up again on any news of the project launch. On the Chart it could have seen its near term bottom at 0.61 and is due for a rebound to  resistance at 0.70 , 0.72 and 0.76


KSH
All posts and charts are for educational and illustration purposes only
Sunday, April 8, 2018

Dow Jones - Why I would be concern if it falls below the 200 Days Moving Average !

The 200 Days Moving  Average is considered a key indicator by traders and market analysts for determining the overall long term trend. The Dow has not broken the 100 days MA since 10 Nov 2016 and the 200 day MA since 16 Mar 2015. The last time Dow broke the 200 Days MA was on 20 Aug 2015 and 6 Jan 2016 and on both it loss 10 percent . The Dow chart has not look this bearish for a long time falling from Jan  high of 26600 to Feb low of  23290. The current obvious price action of consecutive swing points registering lower lows are indications of more weakness ahead. The current 20 Days MA sits on the 23476 level and if history repeats we could see a 10 percent drop to 21128. My charts are indicating the immediate support of the Dow at 23000 and 21680 respectively in the event the 200 Days MA is breached.
All posts and charts are for educational and illustration purposes only
Saturday, April 7, 2018

Rocky Week Ahead - These are the Big Events That Could rock the stock market



China said it was fully prepared to respond with a "fierce counter strike" to Trump’s  threat for $100 billion more in tariffs on Chinese imports. The week ahead promised to be high stakes with high expectations as earnings season heats up. Traders are expecting one of the best US quarterly  earnings season boasted by the implementation of  the  reformed US Tax to show its biggest quarterly profit growth in seven years.  The corporate reporting kicks off in earnest on Thursday and Friday with reports from several large financial institutions including BlackRock and JP Morgan.The fragile market could be  further upset  by disappointments . The most volatile U.S. stock market in two years will meet 3 major test in the coming weeks as first-quarter earnings pour in, announcements of the outcome of NAFTA renegotiation when Trump meets Mexico President and Canadian PM at the end of the week and Chinese President Xi speech on Tuesday for any reference to the Trade war .  

All posts and charts are for educational and illustration purposes only