Sakari – no end in sight
Sakari today broke crucial support without any rebound. Plus it is now a confirmed downtrend. Next crucial support would be at 1.75 which is also a historical rising window support. Please do not catch a falling knife. At least wait till there is a bullish reversal.
SembCorp (on request) – Humpty Dumpty at support
Today, all because of uncle Kim, STI counters staged a sell down and a lot of counters especially banks and commodities got hit badly. Sembcorp is sitting at “small” hammer support of 3.88. Breaking below that, one would have to consider. Now, it is all up to uncle Ben to perform tonight.
When should I exit a position?
Same answers, right? Therefore there is no “correct” answers. It depends on how much control you have over yourself, ie how much greed that you have.
Therefore, money in the pocket is always the safest.
——-
I forgot to add, one way is to learn candlestick where the day you want to exit your long position is when you have a confirmation of a short position. Alternatively, set a trailing stop to protect some of your profits and leave the rest on the trading floor.
Market does not like instability and the unknown…
I am sure by now everyone must have known that uncle Kim has passed away and market in Asia reacted badly especially South Korea. On one of my business trip a while ago, I got the opportunity to visit Panmunjom where they are in constant state of alert. However, once the dust settled, market may see a different light. As of now, market is recovering nicely because all eyes ultimately is still on Europe. Therefore it is Aunty Merkel that has a bigger temper (hint: guys, never offend a woman).
And you may see the blue box on the top right corner of this website. Do remember to sign up for my alert services. Still trying to get a few kinks out, but once fully operational, I am sure you will love it.
Announcing a brand new service to alert you
Hi,
I recently subscribed to a email services whereby I am able to alert you whenever I see something worth alerting. You may ask how come I have to pay several hundred US$ just to send emails to you? Ask yourself, if I send hundreds of email from my gmail account to everyone, it would be spamming, right? Therefore this service that I subscribe, you will have to opt-in to be in the email alert. And the good news is that if anytime you don’t find it beneficial, you can always opt-out from it, no obligations. And most importantly, it is free to you.
Now since I am doing everything on my own, it took some learning curve to figure out how this works. I cannot say that I am good already or it will be bugs free, but I will be doing my best to make it as smooth as possible. I wanted to do a Welcome email when you subscribe, but as you can see, it is not running yet. But rest assured, I will get the email alert out to you whenever I see something, ok?
Thank you for supporting me. All I ask is you let your friends know about this website.
To put your name into the mailing list, just fill in the blue form on the right-side of this webpage, you can’t miss it.
Question asked constantly about the webinar..
I just watched the part 1 recording and feel that its very good. For the part 2 of the recording, how do you get it? Do we need any password or other procedures?
Not that I want to “hide” the part 2, but the part 2 is not recorded for YouTube. Just that the part 2 is more “chit-chat” style and sometimes, it goes on a lot longer. Part 1 is more for market directions, and Part 2 is more for queries. Why I removed Part 2 from YouTube is because people may listen for more than 45 minutes and then discovered that their counter is not being highlighted and goes disappointed, thus wasting their time. In addition, it takes me more than 1 1/2 hour to get Part 1 processed and uploaded it to YouTube. If I have to do Part 2, by the time it is uploaded to YouTube, it would be late late afternoon. Therefore, the value of Part 1 would diminished, as it would be time sensitive. Unfortunately, this is the compromise I have to make in order to release it to YouTube as fast as I can.
Dec 19, 2011 Weekly Singapore Stocks with Jonathan Tan
We are into the final 2 weeks for 2011. If there is going to be a year end rally, it would have to start soon, but will Santa shows up this year? Or is this hype just a cold air? Will Straits Times and Singapore stocks 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.
Yanlord – previously resisted by 200 DMA
Previously 200 daily moving average smack Yanlord right at the head, but now the 100 daily moving average seems to be supporting it with a doji candle. Just take note that this counter took a beating and now could just be a technical rebound. Watch your ESP.
CityDev – another small hammer
But do take note that property took a beating from ABSD, and this could just be a technical rebound. Watch your ESP.
Swiber – technical rebound but…
Swiber could be forming a technical rebound but it could also be forming a descending triangle. Therefore watch your entry price and stop loss like a hawk.
