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P-T Trader

IEV Holdings

March 30, 2012 by P-T Trader
Update on IEV- The descending wedge was rendered invalid after a couple of drifting bars, but the stock broke out from the resistance line from the previous top. The volume is huge also, which supports the breakout as an institutionally backed move. However, the stock did not close nearer to the day high, which may [...]

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IEV Holdings

March 21, 2012 by P-T Trader
IEV Holdings is a volatile stock to trade, but the momentum has been on the upside thankfully. The stock has not seen any exhaustion yet, based on the bull flag that it is forming right now. If a breakout occurs beyond 0.95, 1.02 is the immediate target.

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TA Course by AsiaPacFinance

March 20, 2012 by P-T Trader
Recently i was given the opportunity to try out the online TA course offered by Asiapacfinance. The comprehensive course walks new investors through the basics of technical analysis through easy to understand videos like the one shown below. At the end of each section, there will be a mini test to counter check the concepts [...]

in Categories: Technical Analysis

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Where next for STI?

March 11, 2012 by P-T Trader
STI is converging into the tip of the Ascending triangle, usually a bullish pattern. However, i believe traders should exercise caution as the momentum has been diverging and the volume has been dipping. The index has also started to make lower highs which is indicative of a possible trend reversal. The US data released recently [...]

in Categories: Market Review and Trends

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Genting SP breakout

January 23, 2012 by P-T Trader
Happy new year to all! Yes, i have not posted for quite a while due to work commitments but i have not stopped trading. I have every intention to keep the blog going but it is tough to post on a higher frequency. I have also adjusted my trading style towards Swing trading as i [...]

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Slaughter of both bulls and bears

September 11, 2011 by P-T Trader
The whipsaw seen during the last trading week was fustrating for both the bulls and bears, as both sides are forced to take shorter duration trades to adapt to the market. There are convincing arguments for both sides of the market now. The long- stronger corporate profits in US, undervalued stocks. The short- non-sustainability of [...]

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Next move ahead for STI

September 4, 2011 by P-T Trader
Friday’s non-farm payroll disappointed the markets, triggering more than 200 points dip for the US market. S&P fell back down below 1183 support but on significantly lower volume. There is still plenty of uncertainty and any of the cards (US Bank Failure, Greece, US economy) can potentially trigger yet another round of sell down. For [...]

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Next move ahead for STI

September 4, 2011 by P-T Trader
Friday’s non-farm payroll disappointed the markets, triggering more than 200 points dip for the US market. S&P fell back down below 1183 support but on significantly lower volume. There is still plenty of uncertainty and any of the cards (US Bank Failure, Greece, US economy) can potentially trigger yet another round of sell down. For [...]

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Narrow trading range for STI

August 28, 2011 by P-T Trader
STI held above 2744 on very narrow range for the past week. The charts show that there is no strong buying to support a strong rally, yet there is limited downside because of an oversold condition. The lower volume on the trading days below 2744 proves that the market is not inclined to dip further [...]

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Narrow trading range for STI

August 28, 2011 by P-T Trader
STI held above 2744 on very narrow range for the past week. The charts show that there is no strong buying to support a strong rally, yet there is limited downside because of an oversold condition. The lower volume on the trading days below 2744 proves that the market is not inclined to dip further [...]

in Categories: Market Review and Trends

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S&P500

August 28, 2011 by P-T Trader
The S&P500 closed the day up after Bernanke’s speech on Friday, trading within the range established between 1100 and 1200. The last two attempts to break out were met with price rejections driving the index back down. The selling however was on much lighter volume. The clear long signal will arrive if the index can [...]

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S&P500

August 28, 2011 by P-T Trader
The S&P500 closed the day up after Bernanke’s speech on Friday, trading within the range established between 1100 and 1200. The last two attempts to break out were met with price rejections driving the index back down. The selling however was on much lighter volume. The clear long signal will arrive if the index can [...]

in Categories: Market Review and Trends

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2650 is the next support

August 22, 2011 by P-T Trader
The 2744 low has been breached, which points to the ominous continuation of the bearish move downwards. It occured quicker than i expected, but the high volume is genuine. The selling is extremely strong for a good reason- everyone expects the index to move lower. I do not advocate buying yet, although the market is [...]

in Categories: Market Review and Trends

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2650 is the next support

August 22, 2011 by P-T Trader
The 2744 low has been breached, which points to the ominous continuation of the bearish move downwards. It occured quicker than i expected, but the high volume is genuine. The selling is extremely strong for a good reason- everyone expects the index to move lower. I do not advocate buying yet, although the market is [...]

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Is it time to buy?

August 13, 2011 by P-T Trader
Yes for short term traders, but no for investors. This is unlikely to be the true bottom yet, based on my observations during the 07 crash and the 09 bottom. While the points for the positive trading days look powerful (40-60 points) and are out of the usual STI range, it is important to bear [...]

in Categories: Market Review and Trends

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Is it time to buy?

August 13, 2011 by P-T Trader
Yes for short term traders, but no for investors. This is unlikely to be the true bottom yet, based on my observations during the 07 crash and the 09 bottom. While the points for the positive trading days look powerful (40-60 points) and are out of the usual STI range, it is important to bear [...]

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Making history- The crash of 2011

August 10, 2011 by P-T Trader
I was dead wrong and overly optimistic in my previous post. 2 days have passed and the market has sunk even deeper. As i write, Dow Jones is down 400 points, so i expect STI to gap down tomorrow. 2821 is the next support to watch, and a closing below that hints at yet another [...]

in Categories: Market Review and Trends

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Making history- The crash of 2011

August 10, 2011 by P-T Trader
I was dead wrong and overly optimistic in my previous post. 2 days have passed and the market has sunk even deeper. As i write, Dow Jones is down 400 points, so i expect STI to gap down tomorrow. 2821 is the next support to watch, and a closing below that hints at yet another [...]

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