DBS - Before and After Result Release

Market Maker knows in advance whether DBS is going to report good or bad result.  The price action already move up the last three days even before the public get the news. 

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Apple - One of Warren Buffett Core Tech Stock

Warren Buffett bought 5% of AAPL shares, it had been trending up since 2014 even before Buffett purchase.

The price is at all time high, its best to wait for a retrace before buying some.

120 USD looks like a good support point for first entry.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

iFast - The Challenge Between Bulls and Bears

iFast is at an interesting level to watch. 

1) Bulls breakout of 7 then comes 8 or 9.

2) Bears create a false breakup and then reverse back to goes further down.

3) False breakdown and wipe out all the stop loss around 6 then reverse up to 7, 8 or 9.

Let the Market Makers decide, then you ride the trend direction. 

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

OCBC - Going Back to the Uptrend Line

A few candlestick went out of the uptrend line but quickly reversed back.  Seems like the banking stocks bullishness will continue to run.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

ST Eng - The Bullish Buying Cross

I love the bullish buying cross.  Always be a lookout for it.

ST Eng, we can see 2 bullish buying cross.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Lion OCBC Sec HSTech ETF - Positive Candle

Technology stocks are the future and the Lion OCBC Sec Hong Kong Tech ETF looks promising for a test entry now with all the negative news more or less discounted.

Test entry means can start to nibble some.  Confirm entry will be when price action perform a zig-zag higher high and higher low.

Probability of upside is higher now as price action had move out of downtrend line after 8 sideways candle.

1.35 is the 1st support  and 1.30 is the 2nd support while 1.40 the 1st resistance and 1.45 the 2nd resistance.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Bitcoin Plunge Due To Increase in Capital Gain Tax

Bitcoin at important support line of 50,000 as President Biden is expected to raise long-term capital gains tax for the wealthiest Americans to 43.4%, including a surtax. That would be higher than the top federal tax rate on wage income. The new tax rate would apply to returns on assets held in taxable accounts and sold after more than a year.

If the 50,000 level failed to hold, then we may see 45,000 and then 40,000.

I do expect a strong bulls and bears fight at 50,000 level as it is important for both.  The winner will accelerate the up or down direction.  

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

UOB - Unstoppable Ongoing Bounce

Uptrend usually will keep going as long as there are no major reversal which break the important support line.

Any down setups or weaknesses are minor correction and the major uptrend are not broken.

As every technical trader will says, you still need to watch it daily like a hawk for any sudden change of market sentiments.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

STI ETF - Expect Some Correction

STI ETF had been doing nothing but pushing up and up for more than a month.  Some cracks seem to be appearing.  Consider it a good opportunity to pick up some good shares during the correction.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

DBS - Damn Bloody Strong

DBS Bank in a Damn Bloody Strong uptrend, but always watch the line of support for any uptrend reversal.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

SGX - Long-Term Strong Up Trend

80% of the time, a long-term uptrend stock follow its strong fundamental.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Lion OCBC Sec HSTech ETF HST - Watch for Breakout Direction

Near the decision point.  Watch for breakout direction.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Singtel - Up by Strategic Changes

News came that Singtel will undergo possible strategic changes after new CEO come onboard.  Goods news for Market Makers to pump up Singtel share price.  

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Great Eastern - Still Looking Great

As long as the market makers keep holding the resistance turn support line, it means they still want the uptrend to continue.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

SIA - Be Alert for Any Bears Attack

SIA bears look strong today.  Tomorrow, watch if the bulls can maintain the support line.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

OUE - Another Dark Hourse

OUE another dark horse that was suddenly gap up by Market Maker.  

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

AEM - Temporary Weakness

In a bullish trend, any temporary weakness is a chance to ride the trend.

Stock Analyst TP for AEM is around 5.30

4 hr time frame.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

SATS - Consolidating

Consolidating for the next move.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Emotional States of Trader

Market around the world are at Maximum Risk Point, however, that does not implied that the bulls will end soon.  Sometimes, the bulls can hold longer than you thought, so don't try to guess, but taking 50-70% of profits into your bank account never goes wrong.  Leaving the last 20-30% for maximum profits.  Enjoy the bull ride as long as it didn't break because staying sidelines can be an emotional drains too.

Lion OCBC Sec HSTech ETF HST - Bears in Control

Bears still controlling the China Tech sector.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

STI ETF Weekly - Still Bullish

STI ETF still bullish, yet to show any bearish unusual signal.

However, be prepared for some technical correction as stock market goes in zig zag movement.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

SIA Eng - Continue Its Climb

Aviation play continues its uptrend as more countries looks eager to restart their airlines for vaccinated passengers.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Boustead SP - Uptrend Intact

The thing about a bull market is that many of the chart are showing climbing stairs.  

Are we getting complacent?

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Singtel - Bulls and Bears Are Equal.

Many red candlesticks showing that the bulls are weak.  

Bears not able to press down the price below the trendline, bears are equally weak.

Both are equal, need to watch a few more price action.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

ISDN - Trending Up

Trending up nicely.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

PropNex - Bulls Fight Back

Bears selling was strong today but Bulls managed to push price back to uptrend line at closing.

Need to watch of weakness.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

STI ETF - Buy on Weakness

STI ETF - Bullish

Sign of Weakness - Buy on temporary technical correction

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Financial Institutions Consolidation

Vicom - Another Dark Horse

Will this be another dark horse played by Smart Monies as the gap get closer and closer for a direction?

Let watch and see.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Singpost - Strong Buying Volume

This kind of strong high volume buying, the uptrend is likely to remain intact.  Many dark horses like SPH being push up.  In the months ahead, we will be seeing positive news announcement of Singpost by stock analyst just like SPH.  Just wait and see.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.