Lack of post…
If you see me posting less, that usually means market is in play and the outlook has not change. The other reason is like bollinger squeeze, something is going on underneath and ready for breakout, ke ke ke. Yes, been working on my project and so far the testing looks good. It is not ready for release yet as the programming is very crude and it is a proof of concept. Now that I know that it is workable, I will have to clean it up for release. Sorri la… I do not have any celebrity power and I do not have a team, I am just a 1 leg kick doing everything the best that I can and I really appreciate your visits here. Slow and steady, I will get things running and make sure you will get the benefits out from it.
And do remember that there will be no webinar tomorrow as it is still Chinese New Year and I got to continue my testing. Webinar will be back to normal programming next week (I understand a few people wants to skin me alive as been having major withdrawal syndrome of having no webinar…).
Finally the cuddly bear appears…
I have a confession to make: I did not managed to do any dry swimming at all this Chinese New Year In fact, never came close to touching the mah jong set at all. While the wife and kids are enjoying themselves, I have been spending late nights cracking my head to find some additional strategy and I found some. It looks good but I need more testing before I can release it. That’s why I have not been posting much charts but I have been watching it closely now and then.
Today we finally have the confirmation of profit taking. If anyone have short position, do take note that to short now is counter-trend, which means there is a higher risk. But to short now is better than to long as the prices from last week is extremely overbought and a lot of counter is on or outside the upper bollinger band (which means that price is at extreme high ready for pull back). Once price touches the 20 day moving average or maybe the Fibonacci 38.2% retracement, then we start to look for long position. As of now, this is just a profit taking pullback. Can it be worse than that? It is possible, but don’t bet on it first. Take it once step at a time. If you are not comfortable shorting, then wait once this overbought pressure is less and get ready to look for long position. By this I mean, don’t ask me tomorrow morning is it time to enter, or tomorrow afternoon time to enter…
Wait means can be a few days as you are looking at daily candles.
Oh, by the way, there will be no webinar this Thursday 10:00am. I got some emails stating that they are having some withdrawal syndrome of not having the webinar, but the good news is that it will be back to normal schedule next week. In the meantime, find some excuses to participate in the gambling den session. Oh another thing too: Risk $0.50 reward $10mil is this Friday…
Jan 30, 2012 Weekly Singapore Stocks with Jonathan Tan
Singapore stocks on Friday closed day high perhaps because of Greece bailout or China rumours. With market extremely overbought, how long can it stay without profit taking? Or it is coast clear and Singapore stocks will continue to break all resistance? 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.
“Fearless” are making money…
Yeah, those that anyhow long without regards to any danger are indeed making money. It is so frustrating just to wait for the market to turn down but then, this is how the game is being played over and over again. I will still stick to my plan and wait patiently, but I initiated some shorts today. Looking at a lot of charts, a lot of counters have bearish candlestick but it needs confirmation tomorrow. Right now, Dow is +42 which means that it is green (duh…) Which means tomorrow it should not gap down but may open a little bit higher. But if it can go lower than today’s low, that is a higher chance that profit taking may be starting.
But do take note that this bull is strong, which means there is a high chance it is just a profit taking to go higher later. But right now, it is too early to tell unless uncle euro turns really moody.
Jan 25, 2012 Mid-Week Singapore stocks with Jonathan Tan
S&P refuses to fall and Asia market is extremely bullish. How far can Singapore stocks go? Is profit taking just around the corner or we will continue to go higher? 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.
Gong XI Fa Chai
Wishing everyone a huat huat 2012 Year of the Water Dragon.
Do take note that this weekend YouTube will be out on Tuesday Night as market is closed on Monday and Tuesday. There will be no Thursday webinar for the next 2 weeks.
And may all gambling hand has Aunty Merkel’s touch.
Just waiting…
I am not going to lie to you but really got no mood tonight. Been screening and market is still bullish. Tomorrow is the last trading day before Chinese New Year, therefore you be cautious on your position either long or short. Anything can happen as it will be a 4 day weekend. Hit it right, jackpot. Hit it wrong, miserable CNY. You decide…
For those that entered GLP short, please watch your stop loss.
Jan 19, 2012 Mid-week Singapore Stocks with Jonathan Tan
Straits Times has bearish candle yesterday together with a lot of shooting star in a lot of counters. Alert email has been sent out to subscribers with counters to pay attention to. Will the market give some red packet to traders before this week is over? Find out in this live recording of the webinar.
Email alert with 4 counters being highlighted had just been send out.
Do check your spam mailbox if you have not receive it. If you still cannot find it, do verify if previously you confirmed that you want to receive my email alert. For those coming in to this website for the very first time, my apologies that I cannot resend it to you as this alert service is unable to resend the email to new subscribers. You can sign up for the next alert by just filling in your particulars on the top right corner of this page and it is free. If you don’t like it, you can opt-out anytime without any obligations.
Straits Times – Shooting star with bearish divergence
Today after a bullish morning, when everyone thought it is bullish all the way, market gave a surprise and lost all its gains and closed as black shooting star. Although I would prefer this shooting star to be at a higher position, nonetheless, it is still a shooting star with indicators at overbought. In addition, there is a small bearish divergence seen with higher volume. There is a high chance of profit taking expected.
