Tuesday, June 19, 2018

Singapore Straits Times Index - Short Covering and Selling






As highlighted on my earlier post that the STI rebounded today, I also said I witnessed some short covering and expect more downside first in STI before any sustained rebound can be materialized.

http://stockmarketmindgames.blogspot.com/2018/06/singapore-straits-times-index-rebounded.html



As of blogging now, the banks and STI indeed sold down after that! The rebound we saw earlier was indeed some form of short covering from yesterday's gap down. The Dow futures plunged even further following my analysis!

Ronald K - Market Psychologist - A Stock Market Opportunist

Singapore Straits Times Index - Rebounded as of Now








As I did my homework on a Sunday and saw an imminent rebound in STI, it's now happening. See my Sunday blogpost below.

http://stockmarketmindgames.blogspot.com/2018/06/singapore-straits-times-index-short.html




The Dow futures is selling down like hot cakes and the STI is inching upwards? I believe I witnessed some short covering and there might be more down side first. OCBC started to rebound, UOB was + 1.1%  and DBS kept running madly. Looking for more evidence of a sustained and strong rebound which I have not yet seen.

Ronald K - Market Psychologist - A Stock Market Opportunist

Monday, June 18, 2018

DBS - WS and Rebounded





DBS just experienced some mini selling and trended higher and rebounded. After the ws, the stock started to attracted some buyers and slowly it started to trend and more buyers started to take higher prices where the stock rebounded above the high of this morning. As highlighted earlier at my 10:07am post where I expect more downside first before a rebound, the STI indeed came down first and rebounded! See the 5 minute chart attached. Easy day to predict but tough selling day.






Pleased to see 2 of my students got the job done from my important sharing session with a precise outlook before it happened today! Congrats on the $ made!

http://stockmarketmindgames.blogspot.com/2018/06/an-afternoon-event-on-trading-sti.html

Ronald K - Market Psychologist - A Stock Market Opportunist

SembMarine - Shorted Small






Both Sembmarine and Hi-P started to fall and most of the blue chips started to tank heavily. Good short on Hi-P and Sembmarine since both stocks have no strength and lacked of buyers. As you can study and see the 5 minute chart, both stocks are dropping down at a very fast alarming rate. The market is unusually bearish and soon it might rebound maybe later this week or next. Looking to lock in profits to avoid profits turning losses.

Ronald K - Market Psychologist - A Stock Market Opportunist

DBS - Gap Down and Rebounded




The STI gap down today after some bad news on the trade war between US and China. Most stock tumbled and sold down at 9:00am sharp but because it's a gap down, many banks rebounded in less than 5 minutes like a dead man resurrected. The rebound was so strong that many retailers who longed above went to cut losses asap to avoid more downside and hence the price simmered off after it rebounded. The gap down as predicted last Thursday afternoon when I did a sharing started to materialized. I am happy to made some fast scalps. Will the STI rebound from here? I expect more downside first before a short term sustained rebound.

http://stockmarketmindgames.blogspot.com/2018/06/an-afternoon-event-on-trading-sti.html

Ronald K - Market Psychologist - A Stock Market Opportunist

Sunday, June 17, 2018

Singapore Straits Times Index - Short Term Rebound



Studying the STI chart, it looks like there is a rebound coming soon next week as the STI has reached a short term demand zone. The selling has been relentless and the throw down has been furious. The panic set in was serious and everyone was in some mini flurry state of exodus mode. The market has no strength and the buyers were disappearing. It's during these tough times that the market would start to attract the BBs to buy at wholesale prices. I will be catching the rebound and bought some good counters. Tomorrow is the start of a new week and Tuesday is an important day. Let' see how it pans out.

Ronald K - Market Psychologist - A Stock Market Opportunist

Thursday, June 14, 2018

An Afternoon Event on Trading STI - The Market For Next Week







Did a sharing on the market drought lately and shared with a group of students on what to look out for in the current STI market. I believe there is still more downside to come as the market slowly unwinds. Very soon, the bearish sentiment will set in as there could be a major downfall coming. To go long, I am expecting some form of panic selling first and some strong buying before deciding to take a trade on the long side. It was a long day for me today and after the sharing session, I went to ya kun coffee shop to do some small trading on the DAX. I was pleased to see results in 20 mins for $235 profits. Hope to have more coffee session and drive more successful trades.

Ronald K - Market Psychologist - A Stock Market Opportunist

The Top Volume Stocks - Chopping and Ranging






The STI is in phase where stocks are trending down everyday but at the same time it's also moving up a little. It's more sellers than buyers but it's also moving in a tight and choppy range. The Top Volume stocks were unusually quiet except the banks and some blue chips has range for short term trading while the rest of the stocks were pretty dead. It's going to be public holiday tomorrow and hence it's tough to make predictions on where the market is moving since everything is coming down now. Only the banks are in my watchlist now while the rest I would just stay out for now temporary.

Ronald K - Market Psychologist - A Stock Market Opportunist

Dow Jones - Coffee Trading with Ronald K






Conducted a coffee trading session for the Dow last evening. My initial outlook was correct but then somehow the market tricked us as the Dow broke out in the first 8 minutes and then broke down profusely before recovering. It was treacherous and all these were in a range as illustrated above. In the middle of the night, the Dow looked like breaking out again to be only caught be bars and more bars of breaking down after the interest rates news was released. It was a tough night for me as I only took 1 trade with a small loss but congrats to the rest who made $ instead. Looking forward to the next session with clearer direction.

Ronald K - Market Psychologist - A Stock Market Opportunist