Last Friday I conducted a session for all the new and ex students. In that session, I shared the outlook of stocks and the overall general market. Everybody benefited because on hindsight when I saw the trading results today, the outlook I shared last week was correct. In fact, I also shared my STI outlook yesterday on a Sunday before the market opened today for all to witnessed! I said:" In the near term, I am bearish and a correction would take place."
http://stockmarketmindgames.blogspot.sg/2014/06/sti-demand-supply-zones.html
The preview tomorrow is an all important event! Please register if you are interested!
Preview Date: 3rd June 2014,Time: 7.00pm to 8.30pm
This morning, 7:30am in the morning, I started posted in the SMMG Club on the outlook for today. I said: "It's not a good day to long day. Market may suffer reactions. I am looking into some blue chips to short." Last Friday, Sunday and today, I had made warning signals not to long the current market and look to short the right counters or book profits. Indeed my students heed my advice and started booking HPH Trust which was a stock I recommended on my blog!
http://stockmarketmindgames.blogspot.sg/2014/05/hph-usd-bullish.html
http://stockmarketmindgames.blogspot.sg/2014/05/hph-li-ka-shings-obvious-buying-activity.html
On another hand, another student of mine went longed YZJ on the panic sell down news at 1.005 last Friday and booked profits at the peak today at 1.055!! What a close shave! Congratulations!!
http://www.sinoshipnews.com/News/Rail-company-calls-for-investigation-into-shipbuilding-tycoon-Ren-Yuanlin/3w3c2686.html
source: http://www.sinoshipnews.com/
Ronald K - Market Psychologist - The Big Speculator
