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Monthly Update – May

Home / Blog / Monthly Update – May
Monthly Update – May

 
 
Hi Community,
 
Hope you guys had an awesome long weekend. Just came back from serving the nation and ready to rock the stock market as always.
 
 
 
My Views:
 

STI

In my previous monthly update, all of you knew that I was inclined to short and have done so accordingly. Those who have attended my last seminar in April would have known about my intention to short as well.
 
Congratulations to those who have followed, and have earned some extra moolah. 

The outlook has changed. Take note of the following. 

 
 
 
What is going to happen next?
 
1. STI will test 2782 region and correct to 2537, resuming downtrend.
This will indicate that the recent breakout is false and buyers are flushed out.

OR

2. STI will either consolidate at / above 2782, or strong bullish momentum.
This will indicate it is a trend reversal, forming a higher high and higher low.

Those holding to short positons will enjoy the ride while it lasts, whereas buyers will need to look out for a strong bullish candle.

 

Dow Jones

A picture speaks a thousand words. Sideways.
 
Resistance is at 18,097 area
Support is at 17,546 zone, followed by 15,658 
 
What is going to happen next?
 
1. DJ will correct to 15,900 region.
 
2. DJ will consolidate at 18,097 zone and attempt a breakout.
I am inclined to short Dow Jones + some US stocks. 
 

Stock Portfolio

Seminars:

 
For those of you who are keen to know how I evaluate the global markets, determine the market movement and all other good stuff that you have seen me doing, I have opened 2 additional timings for the community to register.
 
 
Date: 14th May 2016 (Saturday)
Time: 2.45pm – 6pm
Venue: Phillip Securities Pte Ltd
20 North Bridge Road #06-00, Raffles City
 
OR 
 
Date: 20th May 2016 (Friday)
Time: 7pm – 10pm
Venue: Phillip Securities Pte Ltd
20 North Bridge Road #06-00, Raffles City
 

For those who are interested, click on the image below to register.

 

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