Friday, July 29, 2016

Sembcorp Ind - Another Bearish Counter

Yesterday was just a plain open book exam to all Marine, Oil and Gas stocks. 20 minutes after studying the whole market conditions using what was freely available on the internet, I also decided to give a bearish outlook to all my SOMM members on Semcorp Ind. The demand was definitely weaker and there were no real buyers to support the stock since more oil related counters collapsed. The price we shorted as near day day and today was the resultant of yesterday's weak buying where to stock gap down. Yet another good trade.

Ronald K - Market Psychologist - A Stock Market Opportunist

Sembcorp Marine - Reap Profits, Mission Accomplished

Mission accomplished. Locked in short term profits. The prediction before the bad news on Sembcorp Marine's profits down was accurately and timely spot on. Seeing students traded, shorted and made $$ out of it was just a good feeling. Not only that, seeing students practicing what I taught in my program into Japanese stocks, making $ out of it was even more exhilarating because I know my method works in all markets, all instruments. Congrats!

Ronald K - Market Psychologist - A Stock Market Opportunist

SembCorp Maine - Gap Down

Today STI gap down as predicted in my last sharing session on a Tuesday this week. I am happy everyone who came for my outlook that day, you guys saw the prediction I made for STI and all the other stocks that now suffering selling. See the amount of people who witnessed my outlook.

In the next few more sharing session, I want to show more stocks and outlooks so that everyone profit. Sembcorp Marine, look at the gap down now. The buy/sell Q suggested more downside if the mid term. I am still bearish. The whole market is entering a bear mode.

Ronald K - Market Psychologist - A Stock Market Opportunist

Sembcorp Marine - Q2 Profit Down, Analysis on Chart

The Marine, Oil and Gas Sector was down with a big slam yesterday and hence knowing that it wasn't possible to short any oil & gas penny stocks, I turned my attention to good blue chips for shorting. I was studying Sembcorp Marine and did a quick analysis of the chart which I discovered that the stock lacked of buyers which meant sellers were coming in to capitalize on the weak buying. Hence, I decided to give a bearish Whatsapp alert to all my members so that they can study and profit from it.

I believed the Whatsapp outlook I sent out yesterday morning at 9:30am was correct because after market hours, a bad news was released. Sembcorp Marine's profit was down by 89.5% which was terrible and I hope when the market opened later today, the stock would gap down so that everyone is in the big $. I believe most shorted and I expect some trade records. Congrats to all who shorted. I focused heavily on timing and not pricing. How do I know based on the chart that the result is bad? The answer is actually by studying the supply and demand to see buyers/sellers are dominating. I will share more when I have the time to do the workshop again.

picture and news source:

Ronald K - Market Psychologist - A Stock Market Opportunist

Thursday, July 28, 2016

Swiber - DBS $700m Suffered

DBS just released an announcement saying that it expects to recover only half of the $700m exposed to Swiber. It was really that bad with so many bad news from the financial industry. The Swiber chart before it wind up it's business was purely bearish, combined with most of the marine and oil sector stocks entering a bear phase, that just made the entire collection of oil related stocks like Rex, RH Petrogas, Ezra, Ezion, Ausgroup, SwissCo tumbled big time.

Studying the chart of DBS, today it just had a first day of break down with great sellers. In the short to mid term, I expect DBS to have further break down. The chart looks bearish with a major profit taking followed by weak lackluster of buying. Getting ready my CFD for shorting.

Ronald K - Market Psychologist - A Stock Market Opportunist

Wong Fong Ind - IPO 23 Cents, Closing 30.5 Cents

Wong Fond Ind really caught my attention off guard as first, I did not check when it was the official trading day and when it started traded today, I got caught up with some early morning meetings. But well, my direction for the stock was still correct. So when I managed to buy some time and scanned through the Top Volume, I observed the bearishness about the stock blogged about it LIVE on my blog. Although it did not hit the selling zone as predicted, the stock closed really weak at 0.305 cents.

The IPO was 23 cents and the high was 0.43 cents before suffering a sell down to 0.305 cents @ closing. The recent IPOs are really high profile with many of them IPOing at a low prices and when the official trading day starts, the stock usually opens really high and followed by a heavy sell down on the first day. I am wondering the next IPO soon. I hope I am able to get at IPO price because that's how fast $ is made.

Ronald K - Market Psychologist - A Stock Market Opportunist

OCBC - Shorting is The New Game

A student of mine just finished a decent swing trade on OCBC, shorting the stock on 18th July and covering his shorts today on 28th. The stock was definitely bearish on the day he shorted and that day was almost at the day high when he shorted. $1200 for a 2 weeks trade is considered not bad considering that he did not trade that big. Actually trading big/small is not that important as the most crucial thing is getting the direction right and getting the job done. Congrats!!

Ronald K - Market Psychologist - A Stock Market Opportunist

Wong Fong Ind - New IPO Stock

There is a new IPO stock Wong Fong Ind listed in the exchange today. The stock after opening just suffered a huge sell down and the next thing I know, it is jammed now with no major buyers supporting the price. I am expecting the price to hit some selling zone as depicted above before continued down side. While the whole market is just bearish today, it's good to find some good counters that are weak before taking a trade.

Ronald K - Market Psychologist - A Stock Market Opportunist

SwissCo Holdings - More Downside

More downside for SwissCo Holdings. From the chart analysis, the sellers looks like it may appear anytime soon again. Be alert of all the Oil and Marine penny stocks. They are all tanking! Just take a look at Vallianz, -50% down! They had been distributing for a long while and there wasn't any real form of buyers supporting the price and hence unable to recover.

Ronald K - Market Psychologist - A Stock Market Opportunist

Swiber - Closed Down, Closed Shop

Swiber just winded up their business and everything was closed down. It used to be a $6 stocks and after market closed yesterday, it was only worth $0.106. From the peak to the bottom, what a few sell down in just a mere 9 years.

Today the market reacted heavily with this news where the Marine and Oil stocks just gap down further. Study the Top Volume and you will see I had been staying out from oil stocks for a long long time and never touch any oil and marine related counters for now. With 2 sectors less, the SG market is really getting tougher and tougher. Embrace a new challenge in this market!

Picture and news source:

Ronald K - Market Psychologist - A Stock Market Opportunist