S&P 500 – [ Don’t Fight The Fed! ]

4th June, 2020, 5:55 PM

S&P 500 – [ Don’t Fight The Fed! ]S&P 500 4th june 2020

Chart Source: Poems2.0 4th June 2020

Many are still in disbelief as S&P 500 rose over the couple of weeks. From our previous post just two weeks back, we mentioned to stay alert as it was in a consolidation and could breakout either way. S&P 500 chose the upside so as a trader, being flexible is key. It broke out and touched our target of around 3111 and a little bit more before having a small pullback.

So what now?  As the S&P500 has been supported by the 5 and 10 ema unless it closes above we’ll have to follow the trend. Around 3130 area is the resistance for now so some pullback might be expected. You can view the chart on our Poems2.0 platform for reference.

In closing, as the word out in the street goes, DON’T FIGHT THE FED! It also means don’t fight the trend, follow the trend as the trend is your friend. =)

We hope our trading blog has shed some light on the market and our readers have learnt something from our sharing.

Yours

Humbly

Kelwin&roy

 

Sembcorp Industries – [ Continue To Slide Down As Per Blog, Some Learning Points]

29th May, 2020, 7:09 PM

Sembcorp Industries – [ Continue To Slide Down As Per Blog, Some Learning Points] Sembcorp Industries 29th May 2020

Chart Source: Poemsview 29th May 2020

Sembcorp Industries lost its footing and fell close to 10% today. It was the second top loser in percentage for the STI component stock . Part of this fall might be attributed to the removal of Sembcorp Industries from the MSCI Singapore Index. Other stocks like SPH, Comfort and SATS also saw a fall for today.

Let’s re-look and see if we can learn anything from this. As from the blog, we posted in the MORNING when Sembcorp Industries was trading at around 1.46 and gave a warning sign that it might continue to fall. As it was consolidating for a few weeks, a breakout or breakdown might set the tone for the stock in the coming days. True enough Sembcorp Industries broke down and headed south .  Another explanation could be investors/traders buying near the support might cut loss as it broke their support, this also might invite shortist to come in to short as has broke down .

Hope our readers have learnt a thing or two from our trading blog.  We look forward to sharing more with you.

Interested in being our client to receive value added services?

Drop us a line and you’ll get back to you soonest.

Yours

Humbly

Kelwin&Roy

 

Mapletree Log – [ Inclusion In MSCI Singapore Index Sparks Joy! ]

29th May, 2020, 2:35 PM

Mapletree Log – [ Inclusion In MSCI Singapore Index Sparks Joy! ] Mapletree Log Trust 29th May 2020

Chart Source: Poemsview 29th May 2020

Mapletree Log Trust will be included in the MSCI Singapore Index at the end of today ( 29th May ) and this could probably explain the upwards move it was experiencing the last few days. SATS, Comfortdelgro, SPH and Sembcorp Industries will be removed from the MSCI Singapore Index.

We can see that Mapletree Log was consolidating for a few weeks. It finally broke out on 26th May which was also the day we ALERTED our Clients of the breakout. Mapletree Log continued trading up hitting our first target of 1.92 and just a cent shy of our second target 1.98.

Some might be asking, can we chase now? As Mapletree Log has moved up for a couple of day, we prefer some pullback first and maybe aiming for $2.03.

Want to be part of this EXCLUSIVE GROUP that were alerted of such a trade analysis?

Wait no more! CONTACT US NOW to see how you can be part of this group to receive value added service sent straight to your handphone.

Yours

Humbly

Kelwin&Roy

 

Sembcorp Industries – [ Breaking Support? How Does The Chart Look? ]

29th May, 2020, 11:24 AM

Sembcorp Industries – [ Breaking Support? How Does The Chart Look? ]Sembcorp Industries 29th May 2020

Chart Source: Poemsview 29th May 2020

Sembcorp Industries a STI component stock has largely seen a sideways consolidation since March. The range it was trading is around $1.47-$1.64.

What caught our attention is that Sembcorp industries seems to have broke its horizontal support of $1.47. If  it doesn’t regain this footing, we might see it move lower in the coming days and weeks. The downtrend line acts as a resistance and until it manages to break above that, Sembcorp Industries might continue to be weak.

It’s already at its 10 years low, so how low can it go?? What’s your trade plan like? $1.40 might be on the cards if it does stay below $1.47 in the coming days.

Yours

Humbly

Kelwin&Roy

 

City Dev – [ Developing A Bearish Trend? ]

24th May, 2020, 7:27 PM

City Dev – [ Developing A Bearish Trend? ] City Dev 24th May 2020

Chart Source: Poemsview 24th May 2020

City Dev part of the STI component and a leading global real estate property developer. It saw some heavy selling last friday due to the unrest in Hong kong.

Now is City Dev in bearish terrority? From the technical charts we can see that it is below the 200ema. A stock that is below this long term indicator is considered bearish from a chartist point of view. With that and also breaking the short term uptrend line we drew we ALERTED our CFD Clients on a potential short.

CFD Clients were alerted on 13 May when City Dev broke the uptrend line and also below its 20ema. City dev continue to slide down to our first target of $7.56 and is now just 2 cents to our second target of $7.36. City dev was trading at $7.37 at close.

The volume traded last friday was rather high and this might signal more downside if it breaks the horizontal support of 7.34. The next downside target might be 7.03!

Want to be part of this EXCLUSIVE GROUP that were alerted of such a trade analysis?

Wait no more! CONTACT US NOW to see how you can be part of this group to receive value added service sent straight to your handphone.

Yours

Humbly

Kelwin&Roy

Straits Times Index – [ Where Is The Support At? What’s The Game Plan Now? ]

22nd May, 2020, 3:55 PM

Straits Times Index – [ Where Is The Support At? What’s The Game Plan Now? ]Straits Times Index - 22nd may 2020

Chart Source : poemsview 22nd May 2020

Its close to 4pm now and the Straits Times Index is down over 50 points due to China tightening its grip on HK.

Hong Kong index is down over 1000 points or 5%, something which we haven’t seen in awhile. Due to the regional unrest, our Straits Times Index or STI also is affected . We’re down about 2% at the time of writing.

So what’s our game plan? If you noticed we’ve been rather bearish on the markets and continue to remain so until we see more convincing signs of rebound. With every rebound in the STI it seems to be making a Lower High despite US side having massive gains. This to us shows some weakness. STI is currently on its horizontal support of around 2500.

What could happen from here? Some possible scenarios:

  1. STI could have a rebound to cover the gap and test the downtrend again. Failure to break that might see more downside. If STI manages to break that downtrend line then our stand might change.
  2. STI could break the horizontal support level and might take us to around 2387 levels.
  3. STI could possibly hover around here and form a sideways consolidation before another move comes.

So stay alert! We’re eyeing more downside as you can see STI is below the moving averages but are flexible to react as market remains volatile and remembering the saying, Don’t Fight The Feds!

Want a  quick discussion on the market direction?

Feel free to drop us a line!

Yours

Humbly

Kelwin&Roy

Yzj Shipbldg – [ At Support, Will It Break? ]

6th May, 2020, 8:56 AM

Yzj Shipbldg – [ At Support, Will It Break? ]Yzj Shipbldg 6th May 2020

Chart Source: Poemsview 6th May 2020

Yzj shipbldg is sitting on its uptrend support line and the 20ema. A break of that might see it move lower to the next support level which we have drawn.

It is currently also resisted by the downtrend resistance line. Which camp are you on? The bulls or the bears?

We’re more inclined towards the downside. Lets watch in the coming days.

If you want to learn how to use Poems CFD to short the markets feel free to drop us a message.

A trader who only knows how to go long and now short has lost half the battle already! So picking up a new skill during this period is critical!

Yours

Humbly

Kelwin&Roy

DBS – [ Rebound or Down? ]

23rd April, 2020, 7:07 PM

DBS – [ Rebound or Down? ] DBS 23rd April 2020

Chart Source: Poemsview 23rd April 2020

DBS has been seeing selling in its shares for the past week. It broke down from our uptrend line and also the 5ema which gave us some conviction to alert our CFD clients on this potential analysis.  To add further pressure to the already stressed up system, news came out regarding Hin Leong Trading.  Many banks were involved in this high profile cases now.

As DBS broke its uptrend line of 19.12, the downward pressure came in and took it down to our first target of $18.50. We saw a slight rebound and a test of the 5ema but DBS failed to gain footing above it.

If DBS can’t close above this in the next few days we might see more downside. Which camp will you be on?

Want to be part of this EXCLUSIVE GROUP that were alerted of such a trade analysis?

Wait no more! CONTACT US NOW to see how you can be part of this group to receive value added service sent straight to your handphone.

Yours

Humbly

Kelwin&Roy

 

 

 

SATS – [ Down It Goes Again, Catching It For The Second Time]

15th April, 2020, 6:38 PM

SATS – [ Down It Goes Again, Catching It For The Second Time] SATS 15th April 2020

 

Chart Source: Poemsview 15th April 2020

SATS is the leading provider of gateway services and food solutions in the region. It is a familiar sight to many Singaporeans as they depart from Changi Airport. SATS is also part of the STI component stock.

Given the drop in tourism, SATS would be adversely affected due to the decrease in flights . Our airports are almost empty with SIA cutting 97% of their capacity. SATS would be hit badly and if you would want to ride the downside then shorting using CFD would be a way to do so.

Our CFD clients were alerted of such an opportunity once in end march at $3.48 and another time today( 15th April). As SATS tried to rebound for the last week, its rebound might come to an end and resume its downwards trend for now. SATS hit our first target of $3.01 and from our analysis we are setting our next possible target at $2.82.

Want to be part of this EXCLUSIVE GROUP that were alerted of such a trade analysis?

Wait no more! CONTACT US NOW to see how you can be part of this group to receive value added service sent straight to your handphone.

Yours

Humbly

Kelwin&Roy

 

 

Dow Jones – [ Covid-19 Hits Hard, 7 Days Drop Wiping out 7 months of gains, What’s our plan now? ]

2nd March, 2020, 8:39 AM

Dow Jones – [ Covid-19 Hits Hard, 7 Days Drop Wiping out 7 months of gains, What’s our plan now? ]

Chart Source: Poems2.0

Fear, anxiety, panic gripped the markets last week as traders and investor ran for the exit door.

It was the fiercest and fastest sell down since the 2008 financial crisis. 1000 points drop almost day after day which caused even the gutsiest of traders to flee. The week was just marked with panic selling just as Us markets made new high. Any rebound was met with even more selling and the market succumb nosedive of about 14% for the week.

South korea had the biggest jump of number of infected with over 3700 people infected in just over a week. This caused a huge alarm and panic as South Korea scrambled to contain the outbreak mostly in Daegu.

Italy also reported a surge in cases bringing the total number of cases to over 1100 the second largest infected outside China.

Iran also saw an increase in cases and what was puzzling was that Indonesia has so far not reported any cases. Has market priced in a potential case in Indonesia? US also warned of community spread in its country.

WHO ( World Health Organization) also raised its risk assessment to the highest level warning countries to get ready and be prepared!

All these mixtures of bad news made a perfect storm and reason for selling. And Selling it was!

The 10 year Treasury yield which is a key indicator in global finance also hit a record low on Friday , another sign that investors are fleeing equities for the safety of bonds.  The Cboe Volatility Index also known the VIX surged to its highest level since the Great Recession, warning  that there might be more volatility ahead.

Dow Jones went into correction territory just within the week plunging close to 5000 points from high. Selling was the order of the day even though Trump tried to calm the markets. We all know how bad this week was and so lets  take a deep breath and look ahead to the week. We have drew the chart for Dow Jones with the trendline support and resistance on the chart. Here’s our simplified game plan for the week.

  1. Looking for a rebound (Daring traders might look to long on reboud)
  2. If the rebound is strong and could reach our resistance we might consider to go short.
  3. Market could test the low or even break friday’s low after the rebound.

Stay nimble and watch the charts and news as things could escalate any moment or will Fed come in to rescue the markets?

It’s been a very tough week for all and if you’re feeling depressed and defeated by the market its perfectly understandable.

We’re always here just a message away if you need a second opinion.

 

Yours

Humbly

Kelwin&Roy