Update 25/11/2014
Since my last update on CGS, CGS has rebounded sharply as price increase more than a dollar since it reaches a low of 6.20ish as it was sold off on news after the ShangHai-Hk connect last Monday.
However, the inclusion of CGS into MSCI China and the interest rate cut on China have ensure that CGS price trend continues. I will still be looking for any potential retracement @ around 6.20-6.40. The rebalancing in the MSCi index is on 25th Nov, after market.
On the oil sectors, I suspect that a recovery could be due. Looking at the crude futures, there is a possibility that the oil futures are being oversold. In the last 2 weeks, we see no follow through in the oil futures prices. In fact, oil futures actually performed slightly better after the heavy volume as seen in the chart. Please refer to this - http://futures.tradingcharts.com/chart/CL_/
From a chart perspective, this will be strength as long as oil futures don't break below that particular zone after witnessing the high volume. Thus, going forward 2015, I will pay a close look on oil gas related stocks which I believe there should be opportunities, be it a long/short opportunity.
Come next year Spring, I hope to be able to add more contents and more new examples in my blog as I am excited to see how the grid.io can help me revamp my blog and make it more user friendly.
Lastly, in case if you guys are still checking out on the stock screener - www.marketinout.com, the promo code still is still available till the end of the year. 45K2D47BXG
And if you are subscriber and you will want to know how tI use the screener to
scan for VSA setups, drop me an email @ sgwyckoffvsa@gmail.com
Lastly, if you have any requests on topics or suggestions for the site as well. Do
drop me an email too.
However, the inclusion of CGS into MSCI China and the interest rate cut on China have ensure that CGS price trend continues. I will still be looking for any potential retracement @ around 6.20-6.40. The rebalancing in the MSCi index is on 25th Nov, after market.
On the oil sectors, I suspect that a recovery could be due. Looking at the crude futures, there is a possibility that the oil futures are being oversold. In the last 2 weeks, we see no follow through in the oil futures prices. In fact, oil futures actually performed slightly better after the heavy volume as seen in the chart. Please refer to this - http://futures.tradingcharts.com/chart/CL_/
From a chart perspective, this will be strength as long as oil futures don't break below that particular zone after witnessing the high volume. Thus, going forward 2015, I will pay a close look on oil gas related stocks which I believe there should be opportunities, be it a long/short opportunity.
Come next year Spring, I hope to be able to add more contents and more new examples in my blog as I am excited to see how the grid.io can help me revamp my blog and make it more user friendly.
Lastly, in case if you guys are still checking out on the stock screener - www.marketinout.com, the promo code still is still available till the end of the year. 45K2D47BXG
And if you are subscriber and you will want to know how tI use the screener to
scan for VSA setups, drop me an email @ sgwyckoffvsa@gmail.com
Lastly, if you have any requests on topics or suggestions for the site as well. Do
drop me an email too.
Comments
Post a Comment