My Views:
STI
Hi Community,
Following up on my previous update, STI has gone through a period of consolidation followed by a short rally. Short-sellers would have made from a trailing stop loss and buyers, on a strong bullish candle at the start of the rally.
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The information contained in this publication / this website is provided to you for general information only and is not intended to nor will it create/induce the creation of any binding legal relations. The information or opinions provided do not constitute investment advice, a recommendation, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on this information. Investments are subject to investment risks including possible loss of the principal amount invested. The value of the product and the income from them may fall as well as rise.
Past performances is not necessarily an indication of future performance and performance attribution has not been verified by an independent party.
You may wish to obtain advice from a financial adviser before making a commitment to purchase any of the investment products mentioned herein. In the event that you choose not to obtain advice from a financial adviser, you should assess and consider whether the investment product is suitable for you before proceeding to invest.
Any views, opinions, references or other statements or facts provided in this blog/website are personal views and shall disclaim any liability for damages resulting from errors and omissions contained.
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The information contained in this publication / this website is provided to you for general information only and is not intended to nor will it create/induce the creation of any binding legal relations. The information or opinions provided do not constitute investment advice, a recommendation, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on this information. Investments are subject to investment risks including possible loss of the principal amount invested. The value of the product and the income from them may fall as well as rise.
Past performances is not necessarily an indication of future performance and performance attribution has not been verified by an independent party.
You may wish to obtain advice from a financial adviser before making a commitment to purchase any of the investment products mentioned herein. In the event that you choose not to obtain advice from a financial adviser, you should assess and consider whether the investment product is suitable for you before proceeding to invest.
Any views, opinions, references or other statements or facts provided in this blog/website are personal views and shall disclaim any liability for damages resulting from errors and omissions contained.
Hi all,
17th & 18th Seminars are fully booked.
I will arrange for 2 seminars in October.
My Views
STI Outlook
Resistance 2: 2,999
Resistance 1: 2,932
Support 1: 2,799
From my previous interview with 938FM,
I mentioned that I looked forward to a small rebound or a period of consolidation.
A rebound occurred between 24th – 28th August, accordingly to my Market Outlook for that week.
STI is currently trading sideways, undergoing a period of consolidation.
Going forward,
For investors, the lackluster ping-pong situation in STI is a good period for picking up more undervalued defensive stocks.
For existing clients,
I am preparing an automated screener for REITs / Trusts.
Intermediate – Expert seminar for Creating Passive Income is progressing well.
Stay tuned.
Hi Folks,
For those who have attended my seminar on 13th August, you can probably remember the following from our Live Analysis – where you guys can ask any counters or market sentiments.
I mentioned the following.
Cheers to all who have attended and shorted the index.
The next seminar will be on 17th September at 7pm.
You can register at www.4keystrategiesforstockmarketsuccess.eventbrite.sg
Hi all,
I will be having an upcoming radio interview with 938FM on 21st August, at around 6.15pm,.
For those we are unable to tune in on that day, I will be uploading an audio recording of the interview. Cheers.
I have received requests from some folks wanting to attend my seminar. My apologies, August seminar is fully booked.
I will be arranging for another seminar in September.
Things to note:
– Priority is given to existing clients & their friends. Please register only when you’re able to confirm your attendance.
– Seats are limited to 15 pax per seminar to enhance learning experience.
My Views
STI Outlook
Resistance 2: 3,250
Resistance 1: 3,201
Support Broken (31st July): 3,250
Support 1: 3,150
Support 2: 3,054
STI has broken the range, and has formed a downtrend. Trade with caution.
There is a lot of uncertainties in the market.
My trading strategy is to look for a bullish signal to long the index, with the downtrend line as my resistance.
REITs
As mentioned in my previous update, stay tuned for the intermediate-expert seminar coming up.
It will be a step-by-step strategy for REITs and Trusts selection.
My Views
STI Outlook
Resistance 2: 3,467
Resistance 1: 3,357
Support Broken (9th July): 3,267
Support 1: 3,201
Support 2: 3,150
From my recent update, in STI Gapped down,
“STI gapped down yesterday. The following week is critical. If the gap is covered, uptrend remains. If there is a breakaway gap confirmation, 3,378 region will be tested and trend reversal.”
Uptrend line at 3,378 region was broken and fell below 3,357 support.
STI is trading sideways in a range between 3,267 and 3,357.
It is key to note that STI did not break 3,267 support with confirmation.
Going forward,
STI will consolidate sideways in a range. If STI breaks through 3,267, it forms a downtrend.
3,357 has formed a strong resistance.
REITs
I am currently improving my excel spreadsheet to include the key factors I use to filter REITs / Trusts.
A seminar (Intermediate – Expert Level) will be conducted.
As for Global Outlook, you will receive daily updates apart from the current Morning Notes.
