Hang Seng Index – trading within 1 candle
If you look closely, HSI over the last few days are trading inside 1 candle range. This is the candle that you need to pay attention if you want to look for any signs of bullish or bearish. Hang Seng is at resistance now over the last few days, either it is having a bullish consolidation or it is in distribution. Either way, the price will tell us what it is doing. Therefore watch that candle closely for early signs.
CandleAlert Feb 14, 2012 – Result only so so but…
As of now, there is 7 signals generated today and throughout the day, the signals are only so so and in the evenings, the 2 bearish signals generated cut loss whereas 1 bearish signals did not happen (no trade). But as coming close to Dow Jones opening and during trading hours, the 2 signals generated worked really well.
That’s what I have been paying attention to. I am wondering if there is a particular time slot whereby the signals do not work as well and is there a particular day it will work really well. This means now I am investigating the day of the week and time of the day to enter the trade or avoid the trade. This would be a lot easier once this is release.
(Click on the picture to see the bigger picture)
Market refused to profit take…
Even though market is still overbought (but less over bought as compared to last week), it still refuses to have a confirmation to go lower. There is 2 places to enter long position if you still want to long: wait for profit take to be over and that’s where buy low strategy to be applied, or wait till it break the recent high, that’s where buy high hoping that it will go higher strategy. If it is in the middle, then it would be like buying big or small in casino, ie: gambling…
Feb 13, 2012 Weekly Singapore stocks with Jonathan Tan
Now that bear strikes on Friday, will there be a follow through? A lot of Singapore counters displayed bearish divergence. Could this be the end of the road for the bulls? Or is this just a profit taking to go even higher? Find out what it is in this week video edition.
Remember to let your friends know about this video, ChartingAcademy.com, Facebook and weekly webinar (Thurs 10am). Thanks.
Results inconclusive…
My apologies for not looking at the market a lot closer and have not been updating much this week. Last Monday my dad found a lump and we spend the full Tuesday going for a check-up. This morning (Sunday), the report came back and it was inconclusive. Next follow-up checkup would be in 1 week’s time…
It is situation like this that suddenly jolts a person’s focus in life. It also makes me appreciate that health is very important and when a member of a family falls sick, everything gets disrupted. There are so many things I want to do and my worst enemy is time. That is something that I cannot change. Therefore I have to re-double my efforts while taking a good care of myself.
A lot of you thought that it is easy to be Jonathan, but only a few knows my difficulties. You will be surprised that your situation could be a lot better than me. Appreciate what you have now, and those around you because only time will tell what is your legacy at the end of the road. In the meantime, my mentor Tony Robbins says, “live life with passion.”
VIX – Bullish divergence seen
VIX is a sign of fear, which means if it goes higher, there is fear in the market which equals to market going lower. Previously there is a hammer and a bullish divergence is seen. Therefore those on long, don’t get too overly heavy and set a trailing stop.
Feb 9, 2012 Mid-Week Singapore stocks with Jonathan Tan
Market is getting too bullish and option expirations is next week. Next week market should be getting volatile. How will that affect Singapore stocks? Find out what it is in this week video edition.
Remember to let your friends know about this video, Facebook and weekly webinar (Thurs 10am). Thanks.
Da bull is here… or is it?
Yeah, got no mood to post yesterday, therefore apologies… Got several things up to my neck and yesterday finally the fire caught up with me and I got burnt out. Yesterday evening was just staring in front of the TV and mind just went blank. But after a good rest, now I am back again. It is really a bollinger squeeze and it is squeezing really tight. Do expect a breakout coming very soon (I don’t mean the stock market, I mean myself). Therefore, below are my deadlines:
Feb 12 (Sunday) – Product to be launched in http://chartingacademy.com.
Feb 16 (Thursday) – “full” day webinar to demo CandleAlert screener live. Exact time would be send out to mailing subscribers.
Feb 23 (Thursday) – CandleAlert screener release to mailing subscribers.
The above are very tight deadlines as I am also working on a few issues. Hopefully I got some good news to announce to everyone soon.
By the way, if you have not join the mailing alert, do remember to join in. All you need to do is to fill in the particulars on the top right hand side of this website. If you don’t like it, you can opt-out at any time without any obligations.
Feb 9, 2012 10:00AM Mid-week Webinar (Open to everyone)
Da Bull is so fierce and the bear became cuddly teddy bear, nowhere to be seen. How high can it still go up? Join me in this webinar to find out more. To join in this webinar, just click on the link below about 5 minutes before 10:00am. All you need is a computer and internet connection.
Yangzijiang – could not clear resistance
Yangzijiang hit the 200 daily moving average acting as resistance today and could not clear it. Watch to see if it will start to turn lower.
