I posted 7 stock market picks from NYSE yesterday. I was anticipating the resumption of the down trend after Dow Jones hitting the resistance level and therefore I was using my shorting screen rule to picks those counters.
I had put a comment of the close price, stop loss price and target price for each stock. [...]
Seeing the US stock market hitting "support turns resistance", I am now bearish on the overall market. I used my filter rule to do a screen on the NYSE and I did some analysis on the following few counters.
DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation [...]
Singapore Stock Market & STI headed higher last week, indeed, the bull power fueled the market to form 2 big white candle. That indeed was the technical rebound that I was anticipating last 2 weeks.
After the lower high formation formed on the 24 July, I am now expecting STI already completed the technical rebound. I [...]
At the beginning of July, we observed that both Dow Jones and S&P500 broke key support . Then, we next observed that there was a US market can have high probability to rebound in mid of July when it was trading near the 50% Fibonacci support. Indeed, it rebounded, crossed 20d MA resistance but now [...]
My last 2 post about Hong Kong Hang Seng Index was first written on July 17, while Hang Seng Index was trading near the key support area at 21,000. Technical analysis was very amazing to detect this key support and indeed Hang Seng traded higher this week.
Next, I was expecting Hang Seng to swing sideway [...]
Dow Jones broke 20d MA resistance last friday, unfortunately, it did not continue the momemtum to ride higher. Instead, S&P500 was resisted nicely on the 20d MA. So, I strongly believe that the market is going into the side way as both Dow Jones & S&P500 are losing steam as the volume is decreasing.
Any other [...]
STI went up by 71 points today. What ia great news, isn’t it? Volatile STI and Singapore stock market is indeed full of excitement and many people can make lots of money in such a big move in a single day. On the other hand, we can also lose a lots in a volatile stock [...]
Looking at the Hong Kong HSI stock market trends last week , HSI was supported well last week near the previous low formed in Mar. Finally, it rebounded with steam and head higher.
Today, it also gapped up in the morning and cross the 20d MA.
Do you think that’s a good sign of having a bull [...]
