Friday, May 25, 2018

Singapore Market Update - Top Volume Counters

The market yesterday was bullish as the STI climbed back up after some sell down in the morning. However for today, the tables turned and everything changed. The market collapsed and everything started to fumble. Many stocks sold down and many counters started to have panic selling. Watch the Top Volume and you will see nothing looks good except maybe some tech stocks like Venture? I don't know what's causing the market to be bearish but I am pleased at least some profits were made in Venture from my students. Congrats and move to the next trade.

Ronald K - Market Psychologist - A Stock Market Opportunist

Thursday, May 24, 2018

OCBC - Longed at Momentum

After lunch earlier, there was some good buying momentum in the banks where the buyers were relentless in their buying and prices went higher. I saw the momentum when OCBC was at 12.93/12.94 cents but did not have to courage to buy until I saw a strong wall that was about to breakout and that's where we started buying at a little higher price. The momentum there after was strong as DBS followed and went up another 40 cents while OCBC followed closely behind. I was so pleased that many made $ while one of them was making $ at the beach at overseas.

When OCBC reached 13.0/13.01, there was a huge sell queue with 550 lots queuing to sell when all of a sudden the buyers were so strong that the wall was broken and OCBC hit a high of 13.03. I couldn't believe what I saw but it was a good push to break the 13.01 barrier. I believe there might be more upside for OCBC but along the way, I expect some reactions here and there. Congrats to all who went long earlier.

Ronald K - Market Psychologist - A Stock Market Opportunist

Singapore Straits Times Index - Turned Bullish

The market suddenly turned bullish after lunch where I believe there might be some good news coming out from the general market. The buyers flocked in and many stocks moved. The market finally see some light and after so many days of drought, there were some movements for actions. Banks are moving, Shipping stocks are also moving, comfort delgro and many others were also taking a leap of faith. Looking at it, there will be an upmove in coming days before hitting supply zone and simmer again. The Top Volume stocks are flashing some signals for bullishness, can you see it?

Ronald K - Market Psychologist - A Stock Market Opportunist

DBS - Shorting with Profits

Received this trade record from my student and she's making some good progress in trading DBS. DBS was such a weak stock where the stock is currently in a range with a lot of sellers. Every time it tried to climb up, the sellers stop by and sold it down with sheer force. There were a lot of good entries for short and the best trick is to always short on rising price and lock in profits at declining prices. As the market today is up and downs, there were many opportunities in trading DBS. The Top Volume consists of many good/bad stocks for trading in/out.

Ronald K - Market Psychologist - A Stock Market Opportunist

Dow Jones - Coffee Trading with Ronald K

The Dow was easy to predict last evening. While everyone thought that it would tank yesterday with the general market, it went to do the reverse instead and closed with +52 points. During the Asia hours before the Dow started, I had already provided the outlook to my Dow Trading participants on what the Dow might do which was up first then down.

At 930pm, I conducted a coffee session with all the traders and when the Dow started trading, it indeed shot up first before started to suffer some sell down. I got caught shorting not at the best price but still managed to pull through and made some profits. It was a test of emotions but I was convicted that everyone learnt and took back something value. It was my time in the evening and I caught a flu but I was willing to help as many people as possible so as to make trading as easy as possible. Thank you all.

Ronald K - Market Psychologist - A Stock Market Opportunist

Wednesday, May 23, 2018

CityDev - More Sellers Emerging

The sellers in CityDev was definitely in control as the stock continues to sell off. Based on my earlier post, the chart looked bad as the sellers were relentless in their selling. Even after a breakout 3 days ago, the sellers came back and prices were declining.

The Singapore market has hit a supply zone and the market has been selling down non stop. The STI continue to plunge today with more heavy throwing and many banks suffered the sell down too. Let's see how much more selling we need to sustain before any rebound is imminent.

Ronald K - Market Psychologist - A Stock Market Opportunist

Falcon Energy - Traded 1800 Lots

Traded another 1800 Lots of Falcon Energy last week when the stock had a scary throw down in the 5 minute chart. It was such a carefully throw down that the price was so scary at first glance. During the same day, the price recovered a bit where there was a removal of 4-5 million queues at 2 levels and the next thing I knew, it started to broke out the following day. Entered 0.041 and 0.042 and slowly the price rose and as of yesterday the closing was 0.046.

Yesterday I also saw some 1 lot marker on Falcon at 0.047 where thereafter, the buyers ate up and I thought it would start running towards the 0.050 level. At 0.048, there was another marker followed by an ate up which at that point of time, it looked pretty bullish. But suddenly, because of the market condition, the stock became stagnant and stopped it's movement. It might need some time before any up move can be materialized again.

Ronald K - Market Psychologist - A Stock Market Opportunist

Dow Jones - LIVE Trading with Ronald K Part 7

Tough night in trading the Dow last night. I got my direction wrong and cut some small losses. The market I though we sell down first and recovered but instead it turned lower and triggered the cut loss. It's was a battle between the buyers and sellers and finally the buyers gave way and the Dow tanked overnight. We did not trade till midnight but that choppy ups/downs caught us and we have to go for a small losses. However some do make $ instead because they were fast in reacting when profits were alive. Some nights it's just tough but certain nights it's easy to reap profits. Looking forward to the next Dow trading.

Ronald K - Market Psychologist - A Stock Market Opportunist