DBS - Bulls Are Tired?

After 4 - 5 days of bull run in the banking sector, the bulls seemed to get tired today. Many banks like OCBC and DBS are currently in some profit taking and I recalled messaging Kris to take a short sell trade with me near the peak before the stock got sold down. Soon, the banks collapsed while the entire market started to follow the sellers. The Top Volume started to flash DBS on declining prices so is the bull run tired now? I know what's going to happen next but I shall quietly do my own trade. I will post my record once I am done.

Ronald K - Market Psychologist - A Stock Market Opportunist

DBS - The Stock Uproar

DBS had a power move the past 3 days. The chart setup was nicely formed with accumulation taking place. There wasn't any major news released but I think the stock ran together with the other banks was because this time round many penny stocks ran first and the blue chips were playing catching up games. It has to run for higher price since the valuation last week was low. The Top Volume now has some puncture stocks with it deflating like UG healthcare and Valuetronics while in the background, blue chips are rising like crazy like SIA and Capitaland. I am going to pick the next stock for myself, are you interested?

Update: 3/6/2020, 2.23pm

DBS shot up even higher as the market went higher.

Ronald K - Market Psychologist - A Stock Market Opportunist

Biolidics - I Was So Wrong, It Was Buyers Game

I think I am not used to the SG market now or maybe I wasn't that focus anymore in the STI and hence just when I thought Biolidics was about to sell down a little first, the buyers came in strong today to sweep up more shares and price rose to 0.44 as of now. The stock is currently in the Top 1 in the Top Volume and it pierced through the whole ceiling without sellers. There was a 10 million shares traded in the 5 minute chart and from there, it created a strong support with strength while price maintained there. Personally I would have already taken profits, but well, if it goes higher like today, it was meant to be then. Other than this counter, one of my trader just traded small in the banking stocks and made some small profits intraday within 1.15 minutes. Market is not tough to trade but tight. I prefer trading US market these days.

Ronald K - Market Psychologist - A Stock Market Opportunist

Amazon, Delta Airlines - Trades for the Week

Happy to see some actions in the US market with profits since the market had been trending up non stop for the past 2 weeks. Amazon and Delta Airlines both reaped good rewards for my traders and myself as the market had been pretty simple to trade. As I shared some of the stocks using my strategy on finding the entry points, short term trading can be quite simple to execute since there were signals everywhere in the 5 minute chart. These are trades for the week since many stocks moved and we can only trade so much with so much $$. Congrats to everyone who traded and made $$!

Received more trade records from more students. So much trades so many stocks traded with wins more than losses. Mostly are US stocks and only banking stocks in Singapore. It seemed as though trading signals are abundant in the US market than Singapore and execution wise, the US market is much more easier to trade than Singapore.

Watch my IG LIVE video for stocks update on the link below!

https://www.instagram.com/ronaldkstockmarket/

Ronald K - Market Psychologist - A Stock Market Opportunist

DBS - Clear Bearish Signals in 5 Min Chart

Market tumbled. The Dow futures turned red while stocks like I said earlier in the morning were mostly dull and exhibited dullness activities. True enough, as I mentioned I will be locking and taking profits of my long positions soon, the market started to crumbled and my traders are shorting the Dow Futures while some are shorting DBS. The bearish signals were clear and the signs were all there. Most people who learnt the skill from me started to take clues from my blog and started to take great actions. DBS chart bearish setup was extremely clear while the Dow Jones followed crashed with speed. Congrats all who took actions.

Ronald K - Market Psychologist - A Stock Market Opportunist

Dow Jones - The Market Recovery with +779 Points

The Dow Jones did a 180 degree reversal last evening with it slamming down and then recovered +779 points. Many stock recovered and world wide indices just moved higher. See the Dow Jones 5 minute chart, the index touched a supply area while the buyers were still strong. In the Singapore market, stocks gap up, banks also moved higher and Genting gap up 3 pips too from yesterday closing.

The Top 30 Volume were mostly bullish as compared to yesterday's selling. I thought it's a wise choice to buy stocks yesterday than to chase stock prices today. Genting was a good buy yesterday together with the banks and other tech stocks. Today gap up is for taking profits since many retail rushed in to chase. Congrats to those who traded DBS, AEM, Genting and Rex Intl yesterday. All profited handsomely !

Ronald K - Market Psychologist - A Stock Market Opportunist

Singapore Straits Times Index - Market Charged Up

Stocks moved in waves and the market trended higher after lunch. The stocks in the Top 30 Volume just got higher while many mid caps also started to move up a lot. Another bullish day in the market and another great day to see stocks taking a good grasp of fresh air with the virus peaking. Market blue chips are now waiting for the next wave of stimulus plan before marching higher. Sold Genting, Sold OCBC and took profits in Rex. Both Genting and OCBC did not move high but Rex does. Still overall, it's a good day in the market making profits $. Also managed to secured profits in DBS too with $720 intraday. Not the best entry or exit price, but who cares, made profits in a few hours is better than not trying and getting nothing.

Ronald K - Market Psychologist - A Stock Market Opportunist

DBS, OCBC - Some Profit Taking

Some profit taking after the market gap up today as per predicted in my blog earlier. The market was bullish but then the suffer some mini profit taking. Banks moved big time, other blue chips followed and many other stock recovered. It was all well planned and predicted. I have some students buying yesterday and still holding today. Very soon, they will look to take profits! Congrats

Update: 25/3/2020, 12:16pm

The profit taking in the STI happened earlier and banks and some blue chips really came down as per my prediction earlier in the morning. Some made $$ using my outlook in the morning!

Ronald K - Market Psychologist - A Stock Market Opportunist