Market Update

The uptrend in the global market may have reversed to downtrend, at least in the short term.

The S&P 500 index may have reach it peak on 26/01/2018 at 2873 and is currently travelling in a downtrend channel. It hit a lower highs on 27/02/2018 and may test the support at 2580.

It is also in the process of forming a double tops with neckline at 2580.

The German DAX index is clearly in a steep downtrend and is also testing the neckline of a double tops at 11800.

Similarly, the STI may have reached its peak on 24/01/2018 with a lower highs formed on 27/02/2018.

A head and shoulder pattern is in the process of forming with its neckline at 3353.

These are signs that the 10 years bull market may have ended and give way to the bear market.

I am staying at the sideline to watch who will emerge as the clear winner before I enter the market again.

If You Are Not Patient, You Will Be A Patient.

Banyan Tree

After a month of retracement, Banyan Tree was very bullish today and it shot up to close higher at 5.9%.

It is being supported nicely by the uptrend line and has a trade setup for trading tomorrow.

Delong – Did You See It?

Today, this champion gaped up again to open at $4.80, went to a high of $5.07 and closed 5.8% higher at $4.90.

It is indeed rare to see a stock gaped up 2 times in a row and I am glad my trading system is able to pick up such gems for trading.

This stock pick was posted here and in the facebook yesterday and I hope you enjoyed the show and the profit in your trading account.

This week, I am fully contended to have 2 good trades in a row that gave me a fast and awesome profit that is more than enough to cover my Chinese New Year expenses.

Nothing Beats Trading And Investing

Delong

This champion gaped up and closed 20% higher today.

A very trendy stock with a superb trade set-up, I will be looking to scoop up this stock tomorrow.

Enjoy!

Hi-P – Did You See It?

An awesome performance by Hi-P this morning where STI and most stocks are in the red!

It just shot up 6.3% swiftly from $2.21 to $2.35 after the market opens.

As the move is pretty fast and the profit is decent, I closed my position and use the fast cash earned to pay for the expenses I incurred during last week Chinese New Year Celebration.

Life Is Great As Long As The Market Is Around

Frencken and Hi-P

Today is the first trading day after Chinese New Year and the STI rallied to add to the festive cheers by closing higher at 1.27%.

Majority of the stocks also went up and it seem like buyers are back again after the recent market correction.

Two stocks caught my attention and they will be in my trading list for this week.

Frencken gaped up today and closed strongly.

Hi-P is a very trendy stock and also closed strongly.

Genting Sing

Genting is a very trendy stock that is ideal for trading.

Today, after resting for 2 months, it surged 4.5%.

The buyers are back and this signals the start of a new wave.

I always tell others that one of the easiest and stress-free method to beat the house is by trading its stock. Not gambling in the casino.

I will be looking to beat the house by entering this stock tomorrow.

LionGold, Blumont

I am sure many of you would still remember the 3 infamous stocks – Blumont, LionGold, Asiason, that crashed to $0.001 and caused many to lose billions in the Singapore Stock Exchange a few years ago.

Today, after hovering at $0.001 for the past 2 years, they are showing sign of life.

Blumont had shot up aggressively to $0.007 in the last few days.

LionGold crept up to $0.003.

I love these kind of stocks which give me an INSANE risk-reward ratio. If I am wrong, I suffer a small loss. If I am right, I enjoy a BIG profit.

Memtech Int

Just went through my watchlist and spotted Memtech Int with a fantastic trade set up.

This stock just went through a minor correction in November 2017 and rebounded strongly in the last 2 days.

It seem like another wave of uptrend is coming.

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