straits times index Archives - Page 3 of 7

After my introspective getaway for a week, which included touring temples, tubing down a lazy river, and jumping from 10m high cliffs, I am much refreshed and energised for the week ahead! (More photos will follow in my subsequent posts 🙂 )

The best part was the surprise windfall I had upon my return. The AUD/USD shorts and USD/JPY longs I was holding was up a couple of thousand, and is still growing. I will update these forex trades in a separate post.

Now, for a quick update on the stock markets.

Last Friday, the US markets once again made relentless highs, defying gravity with its strong inertia. When applying the concept of human behavior, all I can is that greed builds on greed, and the bandwagon effect can provide the fuel for strong trends, which always last longer than you think.

The Singapore market, on the other hand, is displaying signs of weakness, which I pointed out in my public seminars a few weeks back. This is in stark contrast with the US markets, giving rise to a confusing divergence. My advice is to trade what you see, and not what you think. Hence, those with long positions should trade with extra caution.

Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.

LIVE Market Outlook: STI, EUR & AUD Dropped as Predicted, Oxley Up Over +15%!

Last week, on Thursday at our LIVE market outlook, I gave the participants many useful tips to trade on, and here are some of them, including both stocks and forex.

On Friday, after sharing this chart on Thursday and calling to go short during the session, true enough the market collapse on Friday, with the STI closing down 25 points. There might be some rebound due to the US strong closing on Friday, but overall I am not optimistic.

This chart of Oxley was shared during our session, and it has surged up over 15% since then. Kudos who those who went long.

Keppel continued its uptrend on Friday, up another +0.83%.

YangZiJiang – Still not moving yet, but keep an eye on it. Very promising.

Besides stocks, I also talked about my massive open short positions on the EUR/USD and AUD/USD , and on Thursday night and Friday night, both came crashing down over 200+ pips. It was a great way to end the week, and I will follow-up the step-by-step analysis of these in a subsequent post.

We also talked about the launch of our new course syllabus for the training program, those who are interested can drop us an email to see if there are still available slots.

If you are interested to attend a free LIVE market outlook such as this, and don’t want to miss out on the next one, you should start reserving your seats now.

Real Trading Skills Seminar | Live Sharing Session & Market Outlook

News & Events

Yesterday, we had another great live sharing session and market outlook, where we followed-up from the previous session 2 weeks ago.

In the last session, the focus was on the FOMC and interest rates; now the focus is on the debt ceiling and the new deadline: October 17. 2 weeks ago, we called for a short on the STI and the Us markets. You can check out what happened after that.

We had a discussion on many SGX counters, and I shared my top picks with all who attended this session. We also discussed the EUR/USD and Gold, which I will be sharing more tomorrow. Hint: I am heavily short on both.

After the session, I had dinner and drinks with two fund managers who came by from Vietnam to attend this session. Those who attended this session would have seen them in the front row. Needless to say, I will be seeing them in my next mentoring program intake.

For those who are still deciding about the mentoring program, do decide soon before seats runs out. The early bird promotion will end this month.
https://synapsetrading.com/the-synapse-program/

For more detailed LIVE analysis and stock picks, join us for our next sharing session.
https://www.eventbrite.sg/event/8521073761

The Global Economy Summarized in 5 Charts

I have chosen 5 weekly charts to provide an overview of the global markets, and to see where we are likely to be heading next. The black horizontal line denotes the 2007 highs, to provide a reference point for comparison. The blue boxes indicate key behavioral clues for us to read and time the markets.

First off, we can see that the US markets are the strongest, surpassing the 2007 highs, and looking poised to push even further.

Next, we move on to the European markets, which have not recovered much. The decline has been plugged, but instead of recovery, all we see is a slow chugging movement elucidated by a prolonged sideways market.

Nearer to home, the China markets have been extremely weak, continuing an aimless drift downwards. It does not look like it would be recovering any time soon.

Lastly, this is the chart of the STI, straddling the middle ground between the strong US markets and the weak China/Europe markets. Since we have already recovered by more than 50%, I believe there is a good chance we will make a push to test the 2007 highs.

Currently, I am still holding on to my long positions, which are already deep in the money, and recently initiated some short positions. Here are the previous documented posts:
https://synapsetrading.com/sti-banks-signs-of-cracking/
https://synapsetrading.com/sembmar-a-surreptitious-change-of-hands/

On Tuesday, I will be sharing more at my live event, and you can drop by if you have any questions about the market. Actually, the event is already sold out, but if you don’t mind standing, or taking the chance that some people might not turn up, you can still drop by to avoid missing out on this event.
http://www.eventbrite.sg/event/7582887621?ref=ecal

To get priority updates on our future events, you can sign up for our mailing list,
and also “like” us on facebook.
https://www.facebook.com/synapsetrading
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Singapore Stocks | STI & Banks – Signs of Cracking?