Straits Times – longer timeframe still in consolidation
Straits Times is bouncing between 2920 and 3030 range for quite some time. It has been consolidating for almost the last 3 months. On an even bigger timeframe, STI is currently at a high.
Hang Seng – support held
Hang Seng today gap down to a strong classical support (see arrow). If you zoom out to a longer period, you can see from historical chart why this level is an important support as it is also a classical support all the way from Aug 2010. Going higher, I am hoping HSI will go closer to the 50 day moving average which at this moment is near 21000. Do take note that this 50 DMA is moving, so the levels will be changing as it gets closer. By then, HSI should be well-fed getting ready for slaughter. Like it or not, it is a lower low, which means selling pressure can come in at anytime. If one is to long now, just take note that you will be against the trend, therefore stay extra cautious.
Apr 16, 2012 Weekly Singapore stocks with Jonathan Tan
When Straits Times on Friday closed at day low after going higher for 2 days but still closed +9.7 on Friday, people rejoiced. When people thinks that the bulls are back, market disappointed them again especially when Dow Jones closed -137, also at day low. Frustration is in the air over the weekend especially when there are a lot of changes being implemented. How will next week go, especially when it is option expirations week? Find out what it is in this week video edition.
Remember to let your friends know about this video, ChartingAcademy.com, and Facebook. Thanks.
P.S: If anyone dislike the way I create the [InnerCircle], do send me a proposal on how you suggest that I will go about doing it. I reserve the right to publish it for anyone to comment.
P.P.S: Currently [InnerCircle] is available for Singapore and Malaysia. If you would like to purchase other E.Excel products, do contact me and we can make arrangements. Do take note that you will be paying to the company and my services is just a complimentary. I am working to see if I can expand it to other countries, so do bear with me for a short while. Thanks.
P.P.S: For those that are in/joining [InnerCircle], do watch out for my initially bonus to you. Let’s just say that this bonus is worth a lot more than the 3 OxyGinberry Beverage.
Apr 15 10:00PM Singapore stocks webinar with Jonathan Tan [InnerCircle]
When Straits Times on Friday closed at day low after going higher for 2 days but still closed +9.7 on Friday, people rejoiced. When people thinks that the bulls are back, market disappointed them again especially when Dow Jones closed -137, also at day low. Frustration is in the air over the weekend especially when there are a lot of changes being implemented. How will next week go, especially when it is option expirations week?
Join me in this exclusive webinar dedicated to [InnerCircle] only where it is less crowded and more strategies discussed.
I could have…
Seems like I caused an uproar when I started implementing [InnerCircle] even though the signs are there, so let me explain myself why I have to do so…
When I left as ChartNexus lead trainer a year ago, I could have:
- Been a remisier with any leading broker firms or be a proprietary trader
But when I thought about where my income comes from, it means that I would have to find every signals good or not good just so that my clients can trade every single day to generate my bigger paycheck. I do not have that heart to do it because it would mean over-trading and risking your own hard earned money for my paycheck. In addition, I prefer the freedom of doing whatever I want at my own schedule. I trade US market too, and if you notice my posting time (such as now), I do sleep very late and thus will wake up late without the worry about rushing to work. And I could take my holiday anytime I want without worrying about taking leave or answer client’s mobile phone to place any orders. I value my freedom and with now most people trade online, isn’t it easier and better to somehow get people educated about when to buy/sell and anyone can place their orders with whatever broker house they prefers? Not that I am saying a remisier job is not good, but it just does not suite me. - Never start doing the YouTube video every single week for the last one year
As I have been doing it regularly, now it takes me about 30 minutes to analyze what stocks to talk about, 15 to 30 minutes to actually talk and get it recorded, edit the video for about 10 minutes, get it process for about 30–45 minutes, and upload it to YouTube takes about 30 minutes. It easily takes me at least 2 hours to get a YouTube video done every single week. What for? For you! Since I started doing YouTube, yes, there are people that hates me for doing it, but there are people that find it beneficial and learn a lot more especially on how to implement technical analysis using “real time” chart instead of historical chart. One can never go wrong with historical chart, but since it is real time chart, there is always an element of wrong analysis and how to recover from it. For who? For you. At what price to you? Nothing! - Never bother to look at charts every single night and type out my analysis of what stocks to pay attention in this website
Sometimes, there are just nothing much to look at, but I force myself to at least give some analysis why I think there is nothing much to look at. Sometimes, I am just too tired after coming back really late at night but I will still find some time to write out analysis even though my wife complains that I have been spending too much time with this website. There are a lot of people that come to this website to get a market feel, and I just cannot let you down. Even when I am in no mood to write, I force myself to at least get the outlook out. For you? No, this is for me to keep on looking at the market, forcing myself not to slack off but you get the benefits out from it. - Not started the webinar for the last half year at all
Actually I am proud of this because in about half year that I started the webinar, I only woke up late once. I am also amazed that I managed to keep my schedule even though I slept quite late, sometimes at 5am. But who cares, right? It benefits you because you are able to see how I analyze stocks, my thoughts, my strategies right or wrong in real time. But lately, with the number of crowd that came in (which is a good sign), it causes problems. Initially when it started, the webinar is only 30 minutes, then it gotten to 1 hour and the last time, it reached 90 minutes. It has gone counter-productive because it held up too much of your time just waiting for my views of your own stocks.
Since it is getting counter-productive, something has to give way. I started thinking how can I help more people? Over the last 1 year using social media, I found out that helping everyone is too tough a job for me. And the webinar is where it has the most interaction and the most benefits but with too many people in it, it is just not working.
Ask yourself:
Isn’t it good if I can spend more time with you in the webinars?
Isn’t it better for you to spend less time but have more relevant stocks being analyze?
Wouldn’t it be better if you are able to ask questions that you really want to know but too afraid to ask in front of such a big crowd?
It got me thinking that I will have to somehow filter out passionate traders from casual traders, and passionate traders would do whatever it takes to improve their trading skills. But I do not have the heart to implement membership charges (maybe in the future, who knows). So, I started thinking of a win win situation and decided to help out my wife at the same time.
Consuming OxyGinBerry Beverage, with just 2 packets a day, in less than 2 weeks you may be able to feel:
– increase sex lives. They say sex sells, but studies has shown that ginseng fruit is the natural “viagra” and it is wholesome and natural.
– breast and butt starts to firm up. No more sagging effect due to body increase in production of collagen.
– fitter and better you as you will not easily fall sick.
Now that I got your attention, you may think that I am joking, but the above are what my friends told me and more. Only you will know how it benefits you.
Therefore, when you purchase 3 boxes of OxyGinberry Beverage, you are making the best investment by investing in your own health, and my services to you is just a complimentary. However if you are just entertaining me by just purchasing the products just to have the right to join in the webinar, then I have failed my job of convincing you that the product is really good and it is a waste of my time and effort. It is not refundable and I will not put you into my [InnerCircle]. So consider your health first and decide if you want it.
When you make the decision, I will put you into the [InnerCircle] for 3 months.
Simple and clear.
I may sound stuck up, but my process of knowing who is willing to learn, to do whatever it takes to succeed in trading starts now.
Let me ask you a simple question: You may know what you know right now, but have you ever ask yourself, how come you know about chart reading, why you did not ask yourself what time would one usually find the stock at the lowest price or the highest price of the day? Isn’t that useful in trading, knowing what time to buy or what time to take profit?
Bumitama Agri – latest IPO
I got a few emails asking me to do technical analysis on Bumitama. Unfortunately I look and look but the chart still looks the same.
One has to understand the limitation of IPO counter: It does not have any historical data. But based on candlestick, it is black, in other words, it is not that bullish. For a counter to be bullish, you prefer it to be white candle, and if it can closed near the day high, that would be great. Neither characteristic is seen in Bumitama. If one still really want to trade, then you can draw the resistance line at today’s high and watch to see if this breaks tomorrow.
DBS – Near strong support
DBS is now near the 100 and 200 days moving average. In addition, the body of the candle are now quite small suggesting that the selling pressure has dissipated. Watch for a bullish reversal candle before considering entering on long position. However do take note that right now to long DBS would be against the trend.
Apr 12 2012 10:00am Mid-week Singapore stocks with Jonathan Tan ([InnerCircle] Only)
Now that Dow Jones had finally got bear attacked, will the bear continue to pounce? Market seems to be sideways for quite some time and this movement down is so fierce. Is this the end of the bull market? Or is this now an opportunity for me to buy the stocks at a cheaper price to ride it even higher? Join me in this exclusive webinar with more time dedicated to [InnerCircle] only where it is less crowd and more strategies discussed.
Note: In light of volatile market, there will be another webinar (for [InnerCircle] only) on Sunday 10:00pm.
[InnerCircle] Check your email for the details.
Dow Jones too weak to rebound
Europe fears is back again and this time is due to Spain and Italy bond yields. Plus Alcoa quarter report will be out by end of today’s Dow trading day (early morning Singapore time). Right now at 1:30am, Dow Jones is currently -183. If this continues, we should be expecting a gap down tomorrow (Wednesday) morning as Singapore closed bullish today expecting DJI to perform well.
Right now, there are a lot of elements that will whipsaw market higher and lower: quarter reports vs Europe imploding. Therefore do watch your trailing stop at all times. I recommend fast in fast out, see danger run first strategy. Right now, watching to see if my predictions do turn out well (as shared in YouTube). Either way, I still have my half shorts to ride it lower. If go higher, I will add in batches of short position. Remember, market now is not only testing your buy/sell strategy but it is also testing where you place your position. Market is no longer that simple and one would have to adapt to the changing condition. Don’t be stubborn. Market always win.
Remember to watch your ass (S), Stop Loss level.
Noble Grp – near support
Noble Grp is near the classical support and also fibonacci support at 1.30. It is possible that Noble Grp can have a technical rebound but do take note that to long will be against the trend for now.
