For me, compared to the years before, i would say that 2016 has been rather lackluster for the Singapore market in terms of the market movements.
For 2015 we saw the rise and the fall of the Shanghai Stock market with STI following in tandem hitting a high of above 3500 to less than 2600 in the beginning of 2016.
After trading below 2700 for the 1st 2 months of 2016, we then started to see some actions back in the market with OIL prices taking centre stage. Oil prices started to rebound from a low of about USD26 to more than USD 40 in a month and that's when we started to see some positive actions in oil and gas counters till Mar - Apr.
However, this rally was met with more selling when financial results were released and many come to know about the profitability of some of the O&G counters in the industry. We even had news of one company almost bankrupt and finally under judicial management.
To recap, STI has been in the trading range from 2700 to 3000 for the last 10 months of 2016 with it still unable to break the 3000 mark.
We have seen Dow Jones and S&P 500 hitting new highs over since November but it seems like the STI is still not ready to make the move above this 3000 level. The recent rally this month was led by banks where we saw it almost touch the 3000 only to be met with more selling again.
For 2017, I think we may still face uncertainty with the economic data starting to point south. And one got to be really selective, especially with long positions.
With 3000 as the cap for now, we may still be consolidating in the next few months back to 2850 then 2700.
I think it's also good to be prepared ride any downside if opportunities present itself. :) Good luck and happy new year to all. ;p
From previous note, we have indeed seen the STI breach the key 2900 support level today with banks and some commodities counters heading lower.
As mentioned, we may see some downward pressure towards 2850 first where some bargain hunting can return.
But cautious of breakdowns of any of the banks’ key supports like UOB 20.00, OCBC 8.90, DBS 17.00 where we can see them dragging the index lower towards the 2780 region.
Sent: Wednesday, December 21, 2016 3:40 PM Subject: ******** STI: Back to consolidation on profit taking.... quiet market as we approach the new year, STI 2916
Any move below 2900 can see more weakness with the STI falling back into it’s 6 months consolidation level towards 2850 then 2780. Starting to see some selling momentum coming back in the market over the past few days.
Sent: Tuesday, December 06, 2016 11:08 AM Subject: ************ STI: Approaching major resistance again.... selling expected but banks may be the one to breach it... now 2945
Sent: Monday, December 19, 2016 11:05 AM Subject: ****** Genting Sing: A possible reversal back down, cautious.... price 0.925
Following up from previous call, we have seen Genting Sing traded to a high of 1.04 and profit taking began. From the system, we actually had an exit signal 2 weeks back (for the 1ET bullish signal on 4th Nov). System aside, today, we have seen it break below the 0.93 – 0.94 support that it has been holding above for about a month.
Sent: Wednesday, December 07, 2016 9:52 AM Subject: ******* Genting Sing: May be attempting a firm move above 1.00 soon, price 1.005 - No EXITS on system fyi
Following up from an update for the 3 banks, finally we have seen an Exit signal for UOB last week from my system (See below).
As mentioned, UOB has traded upwards a little more after the previosu emaila and that’s when profit taking started to occur. Has started to trade lower since and now looks set to test the key support at 20.50.
Note that any breakdown below on a clear price action can pave the way back to 20.00 where it came up from last month.
So we have had Exit Signals for all the Bullish moves from all the banks. We are beginning to see price cross below the 20 day MA already for UOB which can see some short term weakness, cautious.
Congrats to PTI graduates who manage to ride the 3 banks fully last month and got out with the exit signals recently… Let’s see what happens next and if 20.50 holds….
Will be checking to see if any entries again, either way we ride…. J
Sent: Tuesday, December 13, 2016 10:03 AM Subject: SG Banks: UOB still no exit signal.... upside can still continue above 21.10. Price 21.12
From previous call early last week where the banks were still rallying, we indeed saw some more strength before profit taking finally happen. Of the 3 banks, just to share that we managed to see an exit signal for both DBS and OCBC. But there are NO EXITS signal for UOB yet. And today we have see a further push above the 21.10 recent high. We can expect more strength above the level towards 21.50 then 22.00 next. Will be looking to see when the exit signal will come for UOB, PTI graduates can check, thanks. Raise stop loss to protect nevertheless J
Sent: Tuesday, December 06, 2016 10:20 AM Subject: ********** SG Banks: DBS, OCBC, UOB - can still be Bullish, NO Exits on System yet for all.... DBS the best performing signal.... see what i mean
Over the past few days, we have seen a new support for Spackman where the 0.190 seems to be holding well.
So far, it has been trying to cross above the 0.20 but to no avail. Selling pressure seen the moment it approached there for now.
Just to share that from the previous Bullish signal on the system, there are still NO EXITS yet....
Congrats to PTI graduates who have rode together. I understand that some are still holding on to profits and not selling haha... Good luck, leave it to you guys.
Anyway just to share that ONLY a specific Price Action can see the upside continue and it’s still in my PTI Group watch-list definitely. J
Those who want to know how to get hold of this system and be in My Ultimate Inner Circle can attend a FREE workshop next year. J Click here to be NOTIFIED.
Sent: Monday, December 19, 2016 10:22 AM Subject: ***** Spackman: Rebounded from suppport again, may test key resistance again, price 0.192
Sent: Friday, December 16, 2016 9:41 AM Subject: ****** Spackman: Selldown indeed seen yesterday, is it time to buy now? price 0.184
Sent: Thursday, December 15, 2016 9:20 AM Subject: ******* Spackman: Target level almost hit, selling pressure may be seen first before more direction, price 0.197
Sent: Wednesday, December 14, 2016 10:14 AM Subject: ******* Spackman: Approaching the net resistance, potential move above again likely, price 0.186
Sent: Tuesday, December 13, 2016 9:44 AM Subject: ******* Spackman: Some profit taking seen on spike, but upside still possible, price 0.181
Sent: Monday, December 12, 2016 1:30 PM Subject: ******* Spackman: A new recent high on momentum, upside can continue, price 0.172, Bullish signals with no EXITS :)
Following up from previous calls, we have indeed seen a low at 0.905 today, near the key 0.900 level before we saw a rebound.
For those who have rode the downside with us, hope you have managed to lock in some profits as mentioned, congrats.
For now, with 0.900 holding, we should be safe in the short term.
Taking a quick look at the system, just to share that PTI Graduatesactually had an ALERT or 1ET BEARISH SIGNAL on 20 OCT 2016. Sell entry price at 1.025.
It started to slide downwards gradually after that all the way to 0.905 low for today.
The thing is there are still NO EXITS, but it may come soon.
Hopefully the 0.90 holds, or we may see more selling towards 0.86, will see what the system says again in the next few days. PTI Graduates can check…
Those who would like to know more about my strategy or get hold of this system can attend a “FREE” introductory workshop next year. JClick Here to be NOTIFIED in Future.
After staying above 0.800 for more than 2 months, today, we have experienced a sell down below this key level.
Staying below now can lead to more selling pressure towards 0.70 then 0.65 next.
Would want to be cautious if holding any long positions.
Just to share that we actually had bullish signals with exits to ride the upside all the way to just last month when things started to look shaky (see below chart).
We then saw our very first 1ET BEARISH ENTRY SIGNAL on the 9 December 2016 and down it went fast….
NO EXITS on this bearish signalfor now, so there can be more weakness ahead…. Cautious.
PTI Graduates were alerted at least… thanks to this system, hope no one is holding on blindly……
Just recently, we had our last batch of Precision
Trading Intensive Graduates for the year and this time it was even bigger and
more fulfilling.
We had asold out eventwhich was filled to the very last
row and it was indeed a privilege again to be able to impart all my real life
stock trading knowledge and skills completely.
I was blown away by my students' energy and willingness to learn no matter what age or stage they are at, asking questions to clarify their doubts and participating actively in all hands-on session. This is the also the first time that I have got so many raving reviews that I am so tempted to share all of them but due to space constraint, I will share a few... :)
To sum up the event, we first went through the ever-important topic of
"Trading Psychology" where there were numerous laughters as some
students realized that they were doing the wrong thing all along.
Up till now,
it still amazes me to see how our minds react in the stock market, sometimes
completely opposite to what we are supposed to do.
Most would say that this topic is pretty straight forward
but to me, this is one of the most important thing we have to master in trading
before even diving to any strategy.
We then covered the fundamentals
of my 1st core strategy, the 1GT (1 Good Trend), also known as the Trend
Trading Strategy. And then, once everyone had the basics and the core
foundation all wired, that was when we seal things up with my
"6-Step" Ultimate Stock Trading Blueprint.
On day 2, the most exciting part came where I REVEALED my 1ET
(1 Explosive Trade) strategy.
This is the Explosive strategy that allowed many
of us toREAP Double digit or sometimes even triple digitgains in a matter of
months.
I am sure many of my students were looking forward to this
segment and it was perfectly executed. Every single ingredient of each step of
this Blueprint was revealed live in a precision manner that I take seriously with
no stone left unturned.
And finally on day 3, the blueprint was wrapped up before we went into the 1GT and 1ET SYSTEM.
The very system that allows us to pick up stock with Precision Accuracy. The very system that drills down only on GEMS which we want to focus on. I believe that everyone should know the core concept behind the system before even touching it. That is when you can harness the true power and accuracy of each strategy. We did a real life scanning of stocks to watch for the
very next week where we indeed saw some actions in some of them.
Making sure no one was left behind, I had a team of super
friendly assistants who were always on the lookout to help anyone in need,
especially in the HANDS-ON session.
Thanks for the great support William, Kenneth, John, Kian
Meng, Daphne and Joel - I have received great feedback from my students for all your help. Thank you.
After the program, all my PTI Graduates were added to the
Inner Circle Private What's App chat group which everyone was so excited about. And it was heartening to see
everyone immediately apply what they were imparted in the inner circle group.
Since the day PTI graduates were added, we have had active discussions every single day... Trading
ideas were contributed not just by me, but also by graduates themselves who are
already experts after the program.
For me, once everybody is on the same page in terms of
knowledge, things move so much faster. Just a picture of a chart with some
lines drawn and everybody gets the idea and know what to do, it's that simple.
Especially for the Explosive 1ET Strategy which I have fully
imparted, all we need is just a picture of 1 chart with the specific pattern
that everyone knows, and everybody can be prepared for an Explosion if it
comes.
More eyes are definitely better than one as sometimes I can
be busy and also miss certain trade setups and that's why this community is so
powerful which I am very proud of.
See below for some of the active discussions we had and in
fact some of the graduates had already made money on some of the calls that
were alerted by me LIVE.
It heartening to see and hear all the raving reviews from
every single participant and I am honored to know that I have added value
immensely.
I trust all of you are now ready to rule the stock market with
absolute confidence and clarity with my"6-Step" Blueprint, 1GT and
1ET Strategies and my System.
To be honest, I was physically drained after all the
non-stop talking and actions during the 2 and a half day program, but after seeing
all the raving reviews and appreciating how much my students have benefited, I am all charged up again.
It's things like these that keeps me going, and makes me
want to impart my knowledge to as many people as possible.
It's things like
this that pushes me to give my best each time I teach so that everybody fully
benefits and succeed in the stock market.
Some of my
clients have asked me when the next program will be, I am happy to say that it
will be in another 3 to 4 months time. Apologies for the long wait as I have a
really tight schedule.
I am doing this out of my normal work where we have to service
thousands of clients while managing our own proprietary fund as well. So I
thank you for your patience and understanding.
Just
to share that I am not a trainer whose main business is to teach and probably
make a living through this.
We
actually do these stuff daily on a real life trading floor, where 1000s
of trades worth millions of dollars are executed monthly, not just by me
but by my clients and students altogether.
If you want to find out
more how you too can benefit from this program and know exactly what you will
be getting then you need to attend a Free Introductory workshop.
You can do so by being on
my mailing list so you will be notified by
email the moment an Introductory workshop opens up..... CLICK HERE.
In this workshop, you will be Guaranteed to take away something whether or not you decide to join Precision Trading Intensive.... Come get a Glimpse of my Blueprint and the Power of my Explosive 1ET Strategy live.....
If you see a fit after
attending the introductory workshop, then perhaps you can also consider joining
it too in the future where I can assure you that you will not be disappointed.... BUT please don’t take my word for it, for now, see what others have to say above...
Have
a great weekend and Merry Christmas to all. ;)
