Recap on End of Oct2014
It has been quite a month for the equities market....bloodshed and massacre. In general, what I observed is that long positions that was build for the last 7-8 months had lost almost all their gains during this month. . It is even worse for market like the Singapore market where volume has been dishearteningly very low for the last 10 months. With the SGX implementing new changes and some changes that had already taken place to spur more trading activities to no avail. I think we had noticed the impact of the lackluster trading activities since the ABL saga. Furthermore, some of the implementations were definitely not welcome to a lot of "stockist"
In anyway, I am not here to talk about the SGX rules and regulations. I am here to share with all of you on capitalizing the weak market structure and activities of the SGX. Aforementioned, ezra, ezion and some second liner stocks were not spared from the recent bloodbath. In addition the reasons I mentioned earlier, I think the weak market structure and the lack of trading interests had more or less shifted fund flow to else where and it becomes very easy to sell down any stocks if there is no market maker or SM behind it supporting. Thus in the weak market like early October, the gains that were build in months had all been sold down in just October....
So, if you are a trader, an active trader which take positions on either side - I believe the month of October should be a very good month to you! If you are a "long only investor or trader", this is the month where your SL and your discipline comes into play. Respect your SL and you shouldn't be actively picking up unnecessary trades to long where basically the whole market is turning down. This month of October I believe is the kind of month where I believe if you are not careful and the over aggressive traders (long only traders) do not know when to stay out when the market is turning against them. However, what comes down must surely comes up right? Like a bouncing ball just that it wouldn't jump back to more than its previous high.
Anyway, below are 4 charts that I will be sharing and I do believe that there could be some potential upside in the 4 of them. As mentioned in my facebook group and some via PMs, some of the charts below were definitely spottable prior to their run up this week. If you like to catch bottom knife, then you might want to notice a certain behavior when and how the chart is following and when is the right opportunity to buy.
In anyway, I am not here to talk about the SGX rules and regulations. I am here to share with all of you on capitalizing the weak market structure and activities of the SGX. Aforementioned, ezra, ezion and some second liner stocks were not spared from the recent bloodbath. In addition the reasons I mentioned earlier, I think the weak market structure and the lack of trading interests had more or less shifted fund flow to else where and it becomes very easy to sell down any stocks if there is no market maker or SM behind it supporting. Thus in the weak market like early October, the gains that were build in months had all been sold down in just October....
So, if you are a trader, an active trader which take positions on either side - I believe the month of October should be a very good month to you! If you are a "long only investor or trader", this is the month where your SL and your discipline comes into play. Respect your SL and you shouldn't be actively picking up unnecessary trades to long where basically the whole market is turning down. This month of October I believe is the kind of month where I believe if you are not careful and the over aggressive traders (long only traders) do not know when to stay out when the market is turning against them. However, what comes down must surely comes up right? Like a bouncing ball just that it wouldn't jump back to more than its previous high.
Anyway, below are 4 charts that I will be sharing and I do believe that there could be some potential upside in the 4 of them. As mentioned in my facebook group and some via PMs, some of the charts below were definitely spottable prior to their run up this week. If you like to catch bottom knife, then you might want to notice a certain behavior when and how the chart is following and when is the right opportunity to buy.
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