YZJ Shipping - Building Buying Interest

Watched the market for a while today and saw YZJ as the only stock to have an opportunity to make $$ while most of the stocks had already gap up quite a fair bit. This is the only stock in the Top Volume which has some range for some good intraday trade. The buying interest was building at the gap up point as marked by a X in the 5 minute chart while collections followed thereafter. The stock then ran to a high of 0.99 before taking a break there. The chart has all the answers for a good entry point but the STI is a little lackluster. For those who missed, will have to watch for some mini selling first before considering re entry.



Ronald K - Market Psychologist - A Stock Market Opportunist

Singapore Stocks Update - Top Volume Counters

The market gap up today. I was very surprised to see stocks don't move during the last hour of trading yesterday since the Dow was recovering back then. I remembered watching DBS, OCBC and YZJ and none of them exuded any strong buying at the last minute even the futures was up like +140 points. Today most of the stocks gap up with strength where the chance to get in was virtually 0 except if one was doing some very quick scalp. Well, that's the way it is for now. One day down and the next day up. It's not difficult to spot the turning point but signals were pretty confusing during the holiday on Tuesday. Looking forward to the next trade.



Ronald K - Market Psychologist - A Stock Market Opportunist

DBS - Short Covering

After the short covering today, DBS continued to trend down lower with more and more sellers as highlighted earlier at 11.34pm in the late morning. AT 5.05pm, DBS gap down even further from the pre closing price. It seemed like sellers were non stop.

http://stockmarketmindgames.blogspot.com/2018/05/dbs.html

I was so surprised that OCBC stayed stable while DBS met more avalanche of sellers. The short covering was weak and there wasn't any form of strong buyers which cause price to tank strongly. The STI closed -2.12% lower today and many stocks tried to climb but there wasn't strength to do so. I believe DBS is following STI closely so if the price for DBS drop, you can expect STI has already dropped quite a bit. It's a bad market today and I will share more during my talk on June 12.



Ronald K - Market Psychologist - A Stock Market Opportunist

DBS - Profited Today

DBS gap down and tanked further today. Just per my last blog post that the STI was having some mini short covering, it indeed happened now. After the short covering where profits were made by shorting the market, STI continued to dropped further. Read my earlier blog post below.

http://stockmarketmindgames.blogspot.com/2018/05/singapore-straits-times-index-heavy.html

My student just made some good $ in DBS today. I was so pleased that during her holiday, she's still able to devote some time to the market and reaping rewards out of it. DBS is similar to STI. It's a component stock for the STI and hence when STI finished short covering, DBS will follow and it tanked further. The skill to spot such short covering was something that I just discovered and uncovered. Love the profits she made today. Congrats!



Ronald K - Market Psychologist - A Stock Market Opportunist

Singapore Straits Times Index - Heavy Selling

Heavy selling and huge amount of sellers spotted in the STI when it opened earlier. There were some short covering but still the sellers were persistent. As highlighted in my last night's post that the market would experience selling first, it is now currently happening LIVE. The gap down was with high volume of selling and there were some buy ups but not strong.

https://stockmarketmindgames.blogspot.com/2018/05/singapore-straits-times-index-selling.html

Pleased to see some good shorts on blue chips like SIA on Monday. Most stocks dropped today and congrats on your shorts and locking in profits!



Ronald K - Market Psychologist - A Stock Market Opportunist

Dow Jones - Shorting to Strength

As highlighted last evening that it's going to be a selling day today, I believe the market is going to open red later. The Dow just sold down -391 points last evening after I made the blog post at 10.30pm. The selling was fierce last night as fears or Euro crisis resurfaced again together with some trade wars, it's like many sellers looked to short on strength. I was pleased that my student shorted the Dow with 6 contracts and made some good $1661 within a few hours. Congrats and looked to trade the US more often!

https://stockmarketmindgames.blogspot.com/2018/05/singapore-straits-times-index-selling.html



Ronald K - Market Psychologist - A Stock Market Opportunist

Singapore Straits Times Index - Selling Down First

It's Vesak day today and the Singapore market is closed. I just got to look at the Dow Jones and also studied a little on the overall bourses over the world. It seemed as though there will be selling in the STI tomorrow morning as the market looks weak today after that 5 minute gap up on the Dow yesterday. The good old days were gone and more tough days ahead. I can only embrace more tough times for now as the market lacked of a strong catalyst to move up. Opportunities are greatly reduced so if there is a window of chance to make $, I will get the job done.

Thanks for everyone who registered for my public talk on June 12th. I still left some seats so for those who are interested, you can click the button and register below.



Ronald K - Market Psychologist - A Stock Market Opportunist

Hi-P - Charging Up

Hi-P just charged up earlier to a high of 1.38. It seemed as though the market is coming back for the Tech Stocks. UMS, Sunningdale and Hi-P were all moving towards north. Traded 40 lots and took a quick scalp for some small profits. Not fantastic but got the job done. Almost everything started to move now with some buying activity. See how much more it can go.



Update: 28/5/2018, 11:41pm

Sold and profited from Hi-P. The stock looks ok, but decided to lock in $ first.

My student also went long earlier today and made $. Congrats!

Ronald K - Market Psychologist - A Stock Market Opportunist

Top Volume Stocks - Oil Stocks Down

The market indeed turned green but the underlying stocks were red, especially oil related stocks. Kris Energy, Ezion, Sembmarine all tumbled down as the oil prices came down last Friday. Yzj Shipping was the scary one as I am not sure what caused it to sold down so fast but I believe it's a downgrade report after the market last week. Cut some losses on YZJ as the stock just did the opposite of what I expected. Cosco followed otherwise and Thomson Medical continued it's slide down. I am not confident in the market as days are tough. During times like this, it's best to trade Forex/Index. Watching only for now.



Ronald K - Market Psychologist - A Stock Market Opportunist

Singapore Straits Times Index - Green Morning

I believe the market will gap up later at 9:00am. The STI chart looks semi bullish and poised to have a green morning. The sellers were a little tired while the buyers looked to take control later. The market had been quite tough for good trading but still there presents some other opportunities for scalping/short term trading. I had many emails requesting me to do a talk and hence I decided to do a free talk on June 12. Interested parties can register below.



Ronald K - Market Psychologist - A Stock Market Opportunist

A Public Sharing Event - Outlooks and Trading Strategies

Conducted a public sharing session today at the office where I shared some market outlook, my story and some trading knowledge on how to trade the current market. During the talk, I also shared how my strategies were able to trade the Dow Jones, Forex and some Singapore stocks. I was pleased that everyone was very enthusiastic and took some good pictures of the strategies shared. Overall it was a pleasant mingling session where I bought and cater food for everyone who came today. Looking forward to conduct more of such sessions soon. Thanks all for coming today and I hope you enjoyed the food and the strategies taught.



Ronald K - Market Psychologist - A Stock Market Opportunist