Tuesday, December 3, 2019

S&P 500 - Flashing Red

S&P 500 could have topped out and could be heading for a huge correction.


All posts and charts are for educational and illustration purposes only
Monday, December 2, 2019

SGX – Breaking Out Of the Range


  • Recent price action triggers a bullish implication of a multi year basing pattern and breaking out of the 2016-2018 trading range between 6.80 to 7.70 adds more evidence to the upswing cycle.
  • Breaking above resistances at 8.50 and 8.80 will set the stock for another swing up to its next upside target at 9.60.
  • Staying firmly above its 200 days moving average since early 2019 confirms the uptrend is intact.
All posts and charts are for educational and illustration purposes only
Friday, November 29, 2019

UOB - Trading within a Range


  • UOB is trading between the range 24.30 to 27.00. After touching 27.00 level in early November it has retraced to its 200-day MA support level.
  • The current pullback could continue towards the next support at 25.4.
  • A break below 25.40 could trigger a downward move toward 24.30 which will offer an opportunity to accumulate new long position in anticipation of a rebound.
All posts and charts are for educational and illustration purposes only

PetroChina – Downtrend Intact


  • PetroChina is still a significant underperformer within the China A50 index stocks as price action maintains a series of lower highs that has formed since November 2018.
  • Today it broke its 3.70 support and if it stays below this level, it could test the next support at 3.44 in the short term.
  • It trades significantly below its 200-day MA and the longer price objective points to a target of 3.11.
All posts and charts are for educational and illustration purposes only

Hang Seng Index - Middle Of The Range But Expect A Corrective Pullback

  • A corrective pullback is underway after bouncing off the November highs. Current resistance is capped at 7212.
  • The short-term price action indicates a pullback to 26050 which coincides with the support on the long-term uptrend.
  • A break below the 26000 to 26050 range would be bearish and would bring our attention to the next support at 25390.
All posts and charts are for educational and illustration purposes only

Straits Times Index – Losing Steam

  • The FTSE STI is unable to hold above the 200-day moving average support and is showing sign of reversal to test the next support at 3142. A break below 3142 could trigger a test of the next support at 3090.
  • The STI currently sits below the 200 days MA but is above its long-term trend line support. A break below the long-term trendline support could result in prolong weakness of the index.
  • The resistance is capped at 3227.
All posts and charts are for educational and illustration purposes only
Wednesday, November 27, 2019
Thursday, November 14, 2019

Breadtalk - Sign of Life



All posts and charts are for educational and illustration purposes only
Thursday, November 7, 2019

Yangzijiang - Bearish Price Action

On 5th November, it was ramped up on high volume, giving the impression that the stock has finally turned around after a period of consolidation. Today, the stock reversed to give up almost all its gains. Many traders were caught on 5th November and it will take many more days before the stock can turn up again. It could test the last support 0.95 in the short term. A break below 0.94 could see the stock price testing its low at 0.91 again.


All posts and charts are for educational and illustration purposes only
Monday, November 4, 2019

China Everbright - More Upside Ahead In The Short Term

China Everbright (CEWL.SI)

A unusual huge volume spike today could be an indication the stock had bottomed after a prolong downtrend . Next target is at 0.345 and 0.375.
All posts and charts are for educational and illustration purposes only
Friday, November 1, 2019

Hang Seng Index - Hesitating at the downtrend resistance line

Hang Seng Index  - Continues to hesitate below the resistance provided by the blue downtrend line. This price action is consistent in the last 6 months with the lower highs established . Its is testing the 100 days Moving Average (MA) and supported by the 50 days MA currently at 26315. The risk remains on the downside  until the index breaks convincely above the downtrend line.
However, if it breaks above 27150 it could close the gap to reach 17512 which is also near the 200 days MA
All posts and charts are for educational and illustration purposes only
Wednesday, October 30, 2019

DBS - Near Term Target Hit

Update to blog post on 24 Oct 2019.

Yesterday, DBS hit our target published on 24 Oct 2019. Today it continued to trend higher before being resisted at the channel line according to the trade plan!






All posts and charts are for educational and illustration purposes only

Wait Till the Midnight Hour

Here is a prolonged puzzle. Over the last quarter-century, trading during market hours in the U.S. stock market has lost money. This is true even though the stock market as a whole has, as we know, risen impressively over that period.

The reason for this is that almost all the price action happens at the open. This chart from Ned Davis Research Inc. shows the phenomenon clearly enough. Davis refers to it as the “Goodnight Moon trade.” The black line is what you would make if you bought at each day’s closing price, and sold immediately after the following day’s opening. The red line is how you fared trading at all other times during the day.

Source: Bloomberg


All posts and charts are for educational and illustration purposes only
Thursday, October 24, 2019

DBS - Bullish Breakout Day!

DBS - Bullish Breakout day breaking above the long term downtrend channel and rebounding off the 50 days Moving Average. Near term target 25.40
All posts and charts are for educational and illustration purposes only
Wednesday, October 9, 2019

2 Death Crosses on Dow Transportation Index - Could History Repeat?

During the Global Financial Crisis in 2008, the stock market crashed after the occurrence of 2 death crosses on the Dow Transportation Index.

We just saw the second death cross on the Dow Transport index in 2019, will history repeat itself?




All posts and charts are for educational and illustration purposes only
Tuesday, October 8, 2019

SGX Lunch Time Seminar



Date
Monday, 14 October 2019

Time
12.30pm - 1.30pm

Venue
SGX Auditorium, Level 2
SGX Centre 1, 2 Sherton Way
Singapore 068804

RSVP
Admission is free but pre-registration is required


Click here to register.


Enquiries
Tel: +65 6327 5438 
(Operating Hours: 9.00am - 5.00pm)


Have you always wanted to learn the ropes and skills needed to become a successful active trader?

Introducing Live Trading Hour, a session that enables you to learn from a different professional trader each week as they demonstrate trade plans for the upcoming week and show you ways to express your trading views with popular SG and HK stocks.

In this seminar, Robin will be covering the following market events, and how they can affect your trading plans:

1. High level US-China trade talk is scheduled in Oct, how do traders view this upcoming trade negotiation?

2. The landmark 70th National Day is coming in China, how will the market there react after this?

3. Gold recorded a 22% gain YTD, is there more upside for this commodity?

Join us in this session to learn more.

We look forward to your participation!


Speaker's Biography

Robin Ho

Trading Representative, PhillipCapital

Robin Ho is a top tier Trader and Remisier with PhillipCapital, and is one of Phillip's most active and successful trader. Having been through the peaks and troughs of the volatile markets, Robin is a well-sought after speaker who shares his in-depth trading knowledge with traders and investors at numerous investment seminars.

Robin has taught and mentored thousands of professional traders. He has developed his own proprietary trading system that focuses on Price Action which he believes is the answer to the volatile market today. He believes that many traders fail today because they have been employing long term and traditional indicators to short term trading, and to achieve trading mastery traders must understand market behaviour and develop a trading strategy that fits the trader's profile.
All posts and charts are for educational and illustration purposes only
Monday, October 7, 2019

Testimonial for Robin's course, September 2019

Graduates of Robin's trading course, September 2019

Testimonial from Vincent, graduate of Robin's trading course: 

"With the knowledge gained in the course I can better time my entry and exit points.I learned to analyse trends and have a clearer view of the market.Previously, I only did long trades. After attending the course I learned practical strategies for short trades as well. The course is special as we were analysing a common portfolio over six lessons and we could see how the charts evolved according to the trade plans we prepared.We saw how the technical skills and knowledge taught in the class came into play in the live trading session. Now I have a better feeling of what traders do on a daily basis."


All posts and charts are for educational and illustration purposes only
Saturday, October 5, 2019

Jinxin Fertility 1951.hk - Next Move Upwards Is On The Cards

Jinxin Fertility 1951.HK -  The Next Push Upwards Is On The Cards.
A niche business in the healthcare industry  providing assisted reproductive services such as vitro fertilisation treatment. In 1H19 it booked revenue of Rmb 791.1m, with adjusted net profit of Rmb 256m, representing a 102% increase.

On the chart , the price action is indicating the BB are accumulating the stock after it broke  above its IPO debut high on 8 Sep. This consolidation phase are about to result in a push upwards  to test its Sep high at 12.80.  This blog expect this stock to break above 12.80 that we pave the way to  its next price objective at 13.60 soon.
All posts and charts are for educational and illustration purposes only
Friday, September 20, 2019

Yangzijiang - The Big Boys Could Have Distributed

Yangzijiang - Great rebound could have ended . Could have peaked at 1.11. There are technical sign of BB distributioning betwen1.08-1.10. The share price is currently capped at the 1.08 resistance. Could be heading for the next target at 0.99, 0.95 and 0.90.
All posts and charts are for educational and illustration purposes only
Friday, September 6, 2019

The Trade War Cycle

Since Trump became President he has said for 14 times that US is close to a deal with China but the deal has never materialised. In spite of being played out so many times, traders continue to believe in what Trump says. This is the trade war trading cycle. Every trader gets sucked into this cycle of death.




All posts and charts are for educational and illustration purposes only
Wednesday, August 28, 2019

Gold Glitters - Why it will be the Best Performing asset class this year

According to Deutsche Bank about 15 % of the government bonds globally trades at negative yield, many investors who shunned  gold because of its zero yield does not consider it as a penalty now. Its unthinkable that Government are getting paid to borrow money as people seek for a safe haven to park their money as trade tension and volatility rise, its no surprise that people are flocking to Gold.

Another compelling reason that make Gold a natural investment choice is central bankers around the world competes in a monetary race to bring rates to zero. Fed cuts interest rates from 2.5 to 2.25% last month and this marked the central bank's first rate cut since 2008. Recently New Zealand, Thailand and India followed in the wake of the Fed to cut rates.

As interest rates worldwide goes negative, investors suffers less opportunity cost from  gold's zero yield. Gold is traditionally  an inflation hedge and its appeal as a stored value is back again.

This blog has been predicting Gold will be the top investment asset class since 23 Mar 2019 when Gold was trading at 1310 and thus far it has hit my first target at 1550. Gold is poised to test its 2011 high of 1915 this year.

On the Chart, this is my outlook and where Gold stands now
All posts and charts are for educational and illustration purposes only
Sunday, August 18, 2019

Robin Ho At Spore InvestFair 2019

I will be speaking at Spore Investment Fair 2019 on Sunday 12.00. Hope to catch some of you there!
All posts and charts are for educational and illustration purposes only
Monday, August 12, 2019

The Giant Hunt For Yield Will Lead To A Financial Melt Down


The Giant  Hunt For Yield Will Lead To A Financial Melt Down
The US 10 Years Treasury yield is poised to test the 6 years low at 1.35% as negative bond yields wash over Europe and Japan. This will force  the Fed to keep lowering rates so that America can remain competitive with the rest of the world. Investors and corporation will be force and lured into taking riskier bets and anything that provides some sort of decent cash flows will be bought up, as American yields head lower and lower. The elusive inflation,  that central bankers hope will rise to ease the global debts problem has not materialize inspite of prolonged monetary stimulus. The build up in risky asset and debts will eventually lead to a Big Blow up. The only safe haven this blog believe is in Gold.

All posts and charts are for educational and illustration purposes only
Tuesday, August 6, 2019

China Yuan Devaluation and Its Impact

China’s currency broke through the psychologically important level of 7 yuan to the dollar, prompting President Trump to accuse Beijing of manipulating its currency .

PBoC said the currency’s slump was “due to the effects of unilateralist and trade-protectionist measures and the expectations for tariffs against China,” the People’s Bank of China said in a statement.

Currency weakness is a textbook response to tariffs being imposed on a country’s exports but do not expect a repeat of Monday’s large one-day depreciation because devaluation will hurt both countries as imports becomes more expensive for chinese companies.

Monday’s move should be seen as a warning shot , its more likely the PBoC will be to allow a gradual (2018-style) depreciation in response to the heightened tariff threat given that global trade and manufacturing are already considerably weaker than a year ago.

The other smaller Asian currencies will also weaken in the wake of the yuan . The weakening of the yuan will be also post as a tailwind for commodity prices Historically, turning points in the CNY/USD exchange rate have also coincided with turning points in commodity prices. This blog expect commodity prices to be soft going forward to the end of the year.
All posts and charts are for educational and illustration purposes only

Robin Ho's Live Trading Bootcamp

I will be conducting a live trading boot camp on National Day, 9 August 2019 at One Good Trade Cafe. 

The cafe can accommodate 30 participants, and registration is on a first-come-first-serve basis. Join me if you are free!

Registration and details here:




About One Good Trade Cafe / Menu for the Day

One Good Trade Cafe is a social networking platform for traders & investors. Come enjoy great coffee with like-minded people or chill with a beer, wine or cocktail with bar bites and all-day dining.

Your meals are covered for the day! Enjoy the sumptuous signature meals at One Good Trade Cafe while you learn. Here are your meal options (please indicate your meal preference as you checkout).
All posts and charts are for educational and illustration purposes only
Monday, August 5, 2019

Market Outlook 3Q 2019 - Slides Download

We had a fruitful market outlook seminar on Saturday! More than 400 participants gathered at Nexus auditorium as I shared on the new global trends and stock trading ideas, particularly what a smart investor will do in the new digital age and the low inflation and low interest environment.




If you have missed the seminar, you may download selected slides for more trading ideas: Click here to download slides

Please join us for the next Market Outlook and take advantage of the super early bird promotion (last few days): Click here to register

Next Market Outlook

14 Dec 2019, Saturday
930am - 1230pm

Cuppage Plaza
5 Keok Road #05-07
Singapore 228796


My upcoming Master the Markets trading course with Cyberquote is scheduled in October 2019.

In this course, the class will monitor and trade a portfolio together with me over a 3 week period. Join me for a hands-on, practical experience in trading!

Send your queries to: robinhosa@phillip.com.sg cc: tanyunyou@phillip.com.sg.












All posts and charts are for educational and illustration purposes only
Thursday, July 18, 2019

FANG INDEX - Early Sign Of A Breakdown. Chart Point Target Reached .

FANG INDEX - Early sign of a Chart breakdown . The long term target at  293 has been hit . A
double top reversal pattern could be forming. A break below 280 could trigger a downward aceleration to 255. The index tracks the performance of Fang stocks along with several other high growth technology shares like Nvidia , Baidu and Tesla.
All posts and charts are for educational and illustration purposes only
Tuesday, July 9, 2019

S&P 500 - topping out

S&P 500 is forming a topping out pattern, which could lead to significant decline.


All posts and charts are for educational and illustration purposes only
Friday, June 28, 2019

Y Venture - Today's Price Action Could Indicate That The Big Boys Have Distributed !



Y Venture - Today's Price Action Could Indicate That The Big Boys Could Have Distributed at 0.15. A break below 0.14 support will bring the stock to  0.132, 0.12 and 0.101


All posts and charts are for educational and illustration purposes only
Tuesday, June 25, 2019

Four Signs the Gold Bull is Back

Gold break out of 6 years downtrend. I have called a buy on Gold since my market outlook on 23 mar when gold prices was at 1315. Back then the call to overweight on gold was the bearish outlook for the US dollar, the impending recession due to the inverted yield curve and the expectation of the central bankers reverting to another monetary stimulus in the form of modern monetary theory if recession sets in.
I see 4 signs why the gold bull run is back. First, despite a strong dollar gold was quickly closing in on multi year highs. Second, and perhaps more important, gold mining stocks are outperforming Gold for the first time in many years. This is evident in the Gold ratio index. Because gold stocks provide leverage to the price of gold, they tend to move faster than gold if it is a real bull run. Thirdly Gold is also outperforming the other precious metal like silver and platinum. Fourthly. the world’s biggest central bankers are all preparing to flood the world with “easy money” again and add in the rising Middle East tension and your can expect a explosive move higher.


All posts and charts are for educational and illustration purposes only
Thursday, June 13, 2019

HK Extradition bill could inflict huge damage on HK economy and stock market

The passage of the extradition bill could be a tipping point for the removal of US-Hong Kong Policy Act which can potentially inflict huge damage on the Hong Kong economy and its stock market

The passage of the extradition bill could potentially be the tipping point in US-Hong Kong relations, from which the US begins to seriously question whether Hong Kong is justified to receive special treatment from the US.

The US is also concerned that the proposed changes “could create serious risks for US national security and economic interests in the territory. If passed, the bill could potentially violate several key provisions of the US-Hong Kong Policy Act of 1992” “ and subject US citizens residing in or visiting Hong Kong to China’s judicial system.

There are fears the US will revoke the US-Hong Kong Policy Act. The policy act treats Hong Kong as a separate jurisdiction from mainland China and gives Hong Kong special treatment with regards to matters trade and commerce . For example, Hong Kong is not subject to the tariffs imposed by the US on Chinese goods in the current trade war.

I believe that the risk of the US withdrawing the US-Hong Kong Policy Act immediately is small since Donald Trump has not sound any serious opposition so far . Removal of the US-Hk Policy act could also set off the withdrawal of foreign investment in Hong Kong businesses and asset from a loss of confidence.
All posts and charts are for educational and illustration purposes only
Monday, June 10, 2019

Dow Jones - Key Resistance at 26090

Dow Jones had one of its best rebound this year, rebounding 1200 points over the last 4 days. According to this trade plan, the key resistance stands at 1600. A pullback to 25620 and 25450 in the short term is expected.


All posts and charts are for educational and illustration purposes only
Thursday, June 6, 2019

Short Term Outlook and Strategy

The G20 meeting scheduled on 28 – 29 Jun in Japan where Trump said he will meet with President Xi. As G20 meeting approaches it could spark some short covering and buying interest. However this blog believes that ‘Red lines’ indicated by the China White Paper makes quick deal is unlikely as “China will not sign a deal that does not immediately remove all tariffs on Chinese exports” and “China will not sign an agreement that requires unrealistic increases in China’s purchases of US goods. 

The initial request by the US, that Chinese imports rise by US$200bn is already borderline unrealistic.” The recent China PMI figures shows that manufacturing is contracting.  Thus monetary policy support will continue, but demand from the real economy is not catching up. If the trade issue escalates, there will be more earnings cuts in the future. Offshore markets will be affected by Rmb depreciation. Stick to consumer sector, with strong domestic demand is good, dividend plays, such as utilities but not banks because of the low interest rate environment.
All posts and charts are for educational and illustration purposes only
Tuesday, June 4, 2019

RHO Index Key Levels - Recent Highlights

On 27 May, the first trading day after our first anniversary, both our predicted day high and day low for China A50 were hit. On top of that, we had 3 take profit signals for the long trade, followed by a bonus short signal after it had reversed from the day high. The intra-day range of our prediction today was 318 points. 


We are constantly enhancing our RHO robot's algorithm. On 29 May, 2 trades were triggered, and our RHO predicted day high was hit twice. As you can see from the illustration below, subscribers received step by step notification for entry and profit taking.


We had two buy signals for S&P 500 on 3 June. Here, we can see the advantage of a responsive algorithm. After the first buy signal, the take profit signal was sent less than an hour later, right after it had reversed from the peak! Without the robot to signal the first take profit, it would been back to square one. Shortly after that, the second buy signal was triggered, and we took all the profits within 30 minutes.


The same night, our RHO prediction for Dow Jones was also triggered, but it was a signal to short! What's more impressive is the take profit signal which was sent just before the rebound, which would have erased the gains. Also see that the partial profit and full profit signals were just 2 minutes apart, which shows the responsiveness of our algorithm in protecting the profits made.


You may visit Tradingkungfu.com/keylevels to try out the signals!


All posts and charts are for educational and illustration purposes only
Friday, May 31, 2019

How I made almost $20k SGD in 3 days with a simple trade plan

I would like to share how I used a simple trade plan to trade the Hang Seng Index, and make a decent profit in just 3 days!

In this chart, you can see Hang Seng Index hitting the resistance of my trend channel, where I opened a short position of 480,000 shares with the Hang Seng Index 7X short DLC.

If you are new to DLC, DLC stands for Daily Leverage Certificate. It is traded on the Singapore Stocks Exchange, and allows you to long or short selected indices or single stocks with up to 7x leverage factor.

For this DLC trade, I bought 480,000 shares of the 7X Short Hang Seng Index DLC at $1.535. The next day, I sold them at $1.572, reaping a total profit of SGD $16,716.






The second trade is an intra-day trade I did today, 31 May 2019. I shorted Hang Seng Index at 27096 with Phillip CFD, and covered the positions within the same day with an intra-day profit of HKD$19,765 (approx. SGD$3400).




Hence you can see that trading doesn't have to be complicated. With a simple trade plan, we can all trade better!

Today is the last day for you to lock in the promotional rate for our RHO Index Key Levels trading signals. 

It is our proprietary trading robot which gives subscribers step by step guidance to enter their trades, take profit and stop loss. 

Check out this link to sign up: https://www.tradingkungfu.com/keylevels








All posts and charts are for educational and illustration purposes only
Thursday, May 30, 2019

Dear readers, ­

We are pleased to announce that after one year since RHO Index Key Levels trading signals was first launched, it has evolved from its humble beginnings to become a sophisticated system that provide step by step guidance, real time!

Now, with precise entry and take profit signals, traders can have more free time to do what they love instead of glueing their eyes to the screen. They are only called to action when prices hit potential inflection points. They can find in RHO robot a tireless trading partner who helps them trade in an objective and disciplined manner.

We have a string of good results recently. For instance, take a look at FTSE China A50 predictions on Monday. Both our predicted day high and day low were hit, covering an intra-day range of 318 points. On top of that, subscribers received 3 take profit signals for the first trade, followed by a bonus second trade after it had reversed from the day high.

In the coming months, we have exciting plans lined up for RHO signals, such as the roll out of our auto trading robot, and the introduction of more varieties of signals.

Hence, we would llike to invite you to join us on this journey. To reward subscribers who got on board early, those who sign up before 31 May 2019 will be able to lock in the promotional rate of $149 per 3 months for RHO Index Key Levels basic subscription package.

Click here to sign up:
https://www.tradingkungfu.com/keylevels

Lets trade better together!



Robin Ho




All posts and charts are for educational and illustration purposes only
Saturday, May 25, 2019

Happy Birthday RHO Index Key Levels!

Today we are celebrating the 1st anniversary for RHO Index Key Levels!
The RHO Index Key Levels is the first intraday trading strategy that trades major stock indices like the Hang Seng Index, MSCI Singapore Index, FTSE China A50, Dow Jones Industrial Average, Nasdaq Tech 100 and S&P 500.
Over the year, we have served over 300 subscribers, allowing them to ride on the intraday movement of these major Asian and US indices.
The idea was simple: Instead of scalping a few points on each trade, the potential day highs and lows for these indices were sent to subscribers before the start of each day.
When the price reaches these levels, subscribers can then take an intraday trade with less risk and higher potential returns!
When we first started, all we had were the predictions sent before each trading session. There were no further alerts, and subscribers had to track the movement of the prices and enter the trade when the levels were hit.
Fast forward to today, we've evolved into a full fledged trading system with intelligent real-time buy and sell calls, incorporating the proprietary trading strategy of Singapore's renowned trader Mr Robin Ho.
Backtesting using our new algorithm, our one year performance has been rewarding. 5 of the 6 indices covered made a profit, with our best performer SIMSCI yielding a 79.6% win rate and making over *250% return!
Just over the past 1 month from 24 April to 23 May, if you have followed the signal calls strictly, from the actual performance, the gross return is *SGD$4742 with a capital of just *SGD$22202, with a maximum drawdown of 2.56%.
Our simple idea is now revolutionising the way people trade, and created a new way for retail investors to seek profit from the market on a intraday basis, under any market condition.
With this solution, anyone can trade better than professional traders.
* Returns are gross figures based on POEMS CFD margin requirement and contract size (excludes broker commissions)
Join us for a free trial of the RHO Index Key Levels at https://www.tradingkungfu.com/keylevels









All posts and charts are for educational and illustration purposes only