Technical Analysis
Trading Log:Ascendas REIT Review
Another week another miser trade. Based on probability of risk vs return this turn out to be a good trade.
I have got nothing bad about the identification of the buy signal or the exit. It met my target. Its a low return and i should be working on a fatter channel. REITs nowadays don’t move [...]
Trend Watch:Weekly update 8 Nov ‘09 $EEM $GDX $SPY
This week we have the response to a correction and to put things simply, we got some relieve upward move where we might be in for an important move next week.
SPY Weekly
It would seem that we are holding a support drawn from the through of the last 2 correction. Base on price movement, we should [...]
Trading Log:Straits Asia Trade Review
Sometimes you can rant about why there aren’t systematic trading stops on the SGX. These nifty perks enables u to get out with how much you want to lose. but in the case of my straits asia trade, you really hate it when u violated your stop loss.
its a good lesson to me that trading [...]
Trend Watch:Weekly Review 01 Nov ‘09
We finally see some big correction this past week. However, i fear that this could amount to something bigger. I have been commenting for the past 2 Trend Watch posts that the negative divergence and the ascending wedge pattern should eventually see more downside. The higher it climbs the bigger the downside.
EEM Weekly
On the emerging [...]
Trend Watch:Weekly Outlook not looking too good $USO $SPY
Good sunday to all. When it comes to the weekly charts, we haven’t get a clear signal yet.
Yes trading short term could be good for you or me, but with large amount of money to deploy alot of question is in what right now. The outlook on the 5 years chart still isn’t clear and [...]
Genius Prediction:Dollar to halve vs Yen.Chui??
Dollar to Hit 50 Yen, Cease as Reserve, Sumitomo Says
Oct. 15 (Bloomberg) — The dollar may drop to 50 yen next year and eventually lose its role as the global reserve currency, Sumitomo Mitsui Banking Corp.’s chief strategist said, citing trading patterns and a likely double dip in the U.S. economy.
“The U.S. economy will deteriorate [...]
Trend Watch:Weekly Update for 04 Oct ‘09 $Spy $Eem $Ews
We finally got some short term correction last week. The question is whether we will get a strong bounce this week or not.
Intermediate
Spy Weekly
That test of the 50% fibonacci level don’t look good. $100 still looks strong support, which was formed with the 38.2% retracement from peak of the 2007 fall.
Some how the MACD high [...]
What are Negative and Positive Divergence?
Here is a great primer article on what are divergences from Stock Charts that would aid your understanding on the subject.
There are two types of divergences: negative divergences and positive divergences. A negative divergence occurs when the underlying security moves to a new high, but the indicator fails to record a new high and forms [...]
Trend Watch:Weekly Updates 27 Sep ‘09 $SPY $EWS
Well we have a week that we see correction. I have no new open positions this week, but there are over hanging clouds on the long term the way i see it.
Intermediate
SPY Weekly
Fibonacci retracements are abit freaky in the sense that they serve as good gauges of support and resistance but ask me why this [...]
Trend Watch: Singapore Market still looking for that correction
EWS MSCI Singapore Daily
I am seeing divergence at MACD and weakening of RSI at the daily charts. The worry is that its right on the intermediate trend line support. Failling off it will most likely look for the 9.5 support.
Watching it closely. I got some open positionis in CapitaRetailChina,MacArthurCook and China Fishery
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