InvestMoneyLab New Look New Feel

We have been working on the upgrading of InvestMoneyLab to Wordpress 2.8.4 as there was a security issues. Plus, my old design does not work well with Wordpress 2.8. Therefore, I took the pain to revamp the the whole design and hopefully, it can bring you “New Look New Feel” on InvestMoneyLab.

New InvestMoneyLab is Now LIVE!

After completing InvestMoneyLab upgrade with new look and feel, we are ready to continue to bring you new content daily to help you invest and grow your money.

Keep a look out for us or join our fan club at Facebook and we will keep you posted on the latest news and development.

Wordpress 2.8.4 Upgrading

We are now upgrading our wordpress to version 2.8.4 to serve you better. You might experience some disruption during this period but we will try to rectify it as soon as we can.

Sorry for any inconvenience caused.

This shows that the market is still very undecisive now. It might be a tug of war between the bull and the bear this week.

Falling Volume on Dow Jones is Concern

I am seeing the volume falling on Dow Jones, that’s the key important bearish sign on top of the stagnant price movement.

The best strategy to apply now is hold and watch. We need to see a better signal to confirm the market direction first before taking action!

Dow Jones Industrial Average

DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.

Higher Possibility of Bearish Formation

The current bull market seems to still remain intact as the second upward trendline is still valid at this point (Red line in the following chart). I have also noticed that the volume is dropping as well. There is no way to propell the market if participation is low.

I am also seeing a bearish cross over on MacD indicator as well. RSI and Stochastic are in the oversold region for quite a long while.

Base on this information, I am seeing that STI is going bearish at least for short term as a correction. The support will be 2,274 and resistance at 2,424 level.

Singapore Straits Time Index

DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.

We are currently seeing a pennant like continuation pattern forming at the Hong Kong Hang Seng Index. Breaking upward the pennant show a continuation of the uptrend while a breakdown of the pennant plus the break of the upward trendline can be a signal of bearish correction.

Remember to keep a look out on Hong Kong HSI in the next 2 days for confirmation signal if you are trading on Hong Kong stock exchange.

Hong Kong Hang Seng Index Stock Market Trends

Is It The END for STI Bull Run?

It was a great 3 months bull run on many stock markets since March. That was the same for STI and many people was making money and you can see them smiling day in and day out. The market reacted positively due to the HOPE of a ecnomic recovery.

However, there are some signs that the economic worse case is easing, which may signal a recovery. Therefore, the market was pushed higher and higher. It has come to a point now that investors and traders are questioning whether the recovery is sustainable. This is still too early to confirm now.

Using technical analysis, we are seeing Dow Jones is now hitting with a stubborn and strong resistance at 200d MA. Likely there will be some pull back on Dow Jones.

STI also dived 2.61% today, which can signal the end of the rewarding bull run. I will be monitoring closely tomorrow and day after to look for a confirmation signal that the trendline is broken. For example, the 20d MA is now the support and that is also very near to the classical support at 2,290. One this support is broken and confirmed, the market can retrace downward to the 38% fibonacci support or 50d MA support line.

Singapore Straits Time Index Upward Trendline Broken

DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.

Learning Candlestick through Expert’s Video

I have bought some books before to read about candlestick, but every time I read, I fell into sleep half way. It is not that easy to understand and grasp the candlestick concept. This is the main reason why I am changing to another learning method by watching a video.

I am more a visual person, by watching the candlestick learning video with my own eyes, I can comprehend the candlestick concept better and make it easier to remember all the candlestick pattern.

Anyway, this is just the beginning of my learning journey and I will update more about what I learn on this blog.

Advanced Candlestick Trading Application

Doji Formation on Dow Jones

A doji suggested that a short term correction is underway, we should see some fall on the US stock market in the next 2 days. In addition, Fed chief Bernanke is now suggesting the US government to start working towards reducing deficit, will this news become the stopper to end the bull run?

It is hard to say at this junction, but let’s monitor closely to how the market reacts in the next 2 days, there is a likelihood to end the bull run if the support is broken.

Doji Formation on Dow Jones

DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.