SGX-CMT Singapore Traders Seminar 2018 #Throwback

Was very glad to be part of the speakers during this year's Singapore Traders Seminar co-organised by Singapore Exchange and CMT Association. I shared on the subject of momentum in portfolio management and the importance of relative strength in identifying winners and avoiding losers.

Before finishing the event, we had a discussion panel that includes Alvin Kressler, CEO of CMT Association and William Kelleher, COO of ETFConcepts LLC.

The key take-away for the audience was how traders and investors can minimise behavioural bias using technical analysis and its more effective analysing stock price with not just not just using financial analysis but also to include technical analysis.

Join us at the next Effective Technical Analysis class, upcoming class to learn the effective application of technical analysis for both your trading and investment. Cheers.

Wyckoff's Law of Effort

Law of Effort Wyckoff's Law of Effort states that on any single trading day (or week depending on time frame), huge volume (effort) push by participants should see huge price movement, resulting in a wide spread (long body). This is a basic principle of effort and result. However, as per Singtel's case study, we saw huge selling volume on 11 May, yet the price action only shows a narrow spread (small body). This divergence of effort and result in Wyckoff's Law of Effort principles, indicates possible exhaustion in selling or hidden buying. Thus, with a lack of weakness, Singtel should continue trading range bound for the coming days or weeks till further strength or weakness is observed. Swing Traders who trades range can consider positions at 3.70-3.72, with exit target 3.76-3.78.

DBS Group Holdings (D05): Upward Move Expectations

DBS Group Holdings (D05) Upward Move Expectations Technically, price trading above 36.58, could see DBS Group retest previous high of 38.55. Both Relative Strength and momentum indicator FFI are supportive of the move. Stop below 35.42 Disclaimers apply

Keppel DC REIT (AJBU): Expect price to trade towards S$2.00

Keppel DC REIT (AJBU) Expect price to trade towards S$2.00 We have observed a decrease in technical supply at the S$1.80 support area during recent trading sessions. Furthermore, a softer interest rate outlook could be advantageous for the Data Centre operator. Consequently, we anticipate the REIT to move towards our initial target of S$2.00, with the potential to reach S$2.20 if it breaks through resistance. Our stop level is set below S$1.72. Disclaimers Apply

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