Editor Commentary:

The recovery in the stock market just begun, however this might be temporary or short term recovery. Looks for Sign of Strength in the market to confirm the reversal.

VSA 101 – Everything You Must Know About VSA

What is VSA?
Volume Spread Analysis (VSA) methodology takes a multi-dimensional approach to analyzing the market, and looks at the relationship between price, spread or range, and volume. VSA is a proprietary market analysis method conceived by veteran trader, Tom Williams, who was a highly successful member of a professional trading syndicate in the 1960s and also the creator of TradeGuider Systems. The VSA method works particularly well at highlighting the imbalances of Supply and Demand.
VSA builds on the pioneering work of Richard D. Wyckoff, a famous 1920’s trader. He based his trading decisions on supply and demand in the markets and how they are inextricably linked to professional activity – ‘Smart Money’ trading (Wyckoff’s principles are still taught at the Golden Gate University in San Francisco). In any business where there is money involved and profits to make, there are professionals. Doctors are collectively known as professionals, but they specialize in certain areas of medicine. The financial markets are no different. The financial markets have professionals that specialize in certain instruments as well: stocks, grains, FOREX, etc. The activity of these professional operators, and more important, their true intentions, are clearly shown on a price chart if the trader knows how to read them. Volume is the major indicator for the professional trader.

Stock Trade Idea
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Potential Breakout Stock – NextGreen Global (7241.KL)

Case Study
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Chart vs News: Which is better? – Kelington (0151.KL)

Video Tutorial
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Introduction to TradeVSA

Focus on the future

The tough part about investing is that we are trying to make informed decisions based on things that have yet to happen. It’s important to keep in mind that even though we use past data as an indication of things to come, it’s what happens in the future that matters most.

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KLSE Market Update

Bursa Malaysia KLCI Index
Based on daily chart above, KLCI is forming an accumulation level with support at 1670. However, the overall background is weak as indicate by the Bearish Red HeatZone. KLCI is likely to re-test at the nearest resistance level at 1742. If KLCI unable to break above 1742, stage 4 or mark-down are likely to continue.

SGX Market Update

Straits Times Index
Based on daily chart, STI currently at Stage 4 – Mark Down since June 2018. Background still weak with no indication of reversal. STI are likely to re-test the resistance at 3133 with support at 2959. We prefer to wait for 18 Line Change by breaking above the resistance level to ensure STI is forming an accumulation level.

NYSE Market Update

Dow Jones Industrial Average (DJIA)
The daily chart of DJIA shown weakness in the background with a confirmed Up-Thrust (UT) follow by Sell-Off (SO) on October 2018. The UT is spotted during distribution stage on 3 October when DJI reached the new high. Notice the distribution continue with a SO bar on 10 October. Currently DJI still in the Stage 4 and we would like to wait for the Bullish HeatZone to appear to confirm the reversal.

Disclaimer

All views or opinions articulated on this email are expressed in TradeVSA and its writers’ personal capacity and do not in any way represent those of the company, their employers and other related entities.

All posts and published materials made do not constitute to being investment advice or recommendations. TradeVSA and its writers do not take responsibility whatsoever for any loss or damage of any kind incurred from opinions or facts made from this website. TradeVSA and its writers do not take responsibility for any factual inaccuracies made. All posts may be edited in the future.

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