Editor Commentary:

Trump, …. A foe or a friend to the stock market ? The fascination of the market to Trump’s tweets and comment on US China Trade War, has created havoc to the market. Despite the continual ranting of how badly treated by China to US trade deficit, the market maintain to hold its position. US FOMC Meeting on Dec 18 & 19, will indicate US interest rate direction in the coming Q1, 2019. A “YES” US rate hike in Dec 2018 will cause the market to react negatively while “NO” to US rate hike will repel the market from its low… a possible rally for year plus year end window dressing…This is much needed now than ever….

KLSE Market Update

Bursa Malaysia KLCI Index

On 2018-12-17, Klci is trading at RM 1641.62 and change % from last bar was -1.22 %, ( -20.34, RM 1661.96). It is 1-Month low. And also 3-Month low. This market condition is considered to be very bearish for stock counter Klci. This bearish condition is despite, Klci has strengths in the background in the last 30 bars. There are 7 SOS (Sign of Strengths).

This market is getting more bearish in the longer term. KLCI is in RED HeatZone. This mean it’s trend may still be Down or LIKELY continue to go Lower. Wait for bar confirmation like Sell-Off (SO) for trend continues @ RM 1652.63 or lower, Or Line Change (LC) for trend reversal @ RM 1684.36 or higher for KLCI.

SGX Market Update

Straits Times Index
On 2018-12-17, Sti is trading at 3,114.25 and change %from last bar was 1.20 %, (+37.16, 3,077.09). And also 3-Month low. This market condition is considered to be slight bullish for stock counter Sti.

STI is in GREEN HeatZone. This mean it’s trend may still be UP or LIKELY continue to go Higher. Wait for bar confirmation like Line Change (LC) for trend continues @ 3149.71 or higher, with Immediate Stop Loss (if trend reversal) @ 3,053.99 or lower for STI. This market is moving sideway prior before 2018-12-14. Watch for more sign of strengths bar with increased volume as uptrend confirmation @ 3,149.71 or higher.

DJIA Market Update

Dow Jones Industrial Average (DJIA)
On 2018-12-17, US DJI is trading at 23,593 and change % from last bar was -2.10 %, ( -507.5, 24,100.5). It is 1-Month low. And also 3-Month low. This market condition is considered to be very bearish for stock counter US DJI. This bearish condition is despite, US DJI has strengths in the background in the last 30 bars. There are 7 SOS. US DJI is in RED HeatZone. This mean it’s trend may still be Down or LIKELY continue to go Lower. Wait for bar confirmation like Sell-Off (SO) for trend continues @ 23,881.4 or lower, Or Line Change (LC) for trend reversal @ RM 24828.3 or higher.

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Avoid Stock with Weak Background – Gamuda Bhd (5398.KL)

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TradeVSA Stock Trade Idea, 30 November 2018

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Weekly Market Report – 8 December 2018

View TradeVSA Backtest Result – 18 Line Change BackTest Trades Between 2017-12-05 & 2018-12-05 ,+364 days for Supermax Corporation Bhd, (SUPERMX)

Click the button / link below:

https://tradevsa.com/supermax

Avoid trading overactivity

Checking in on your stocks once per quarter — such as when you receive quarterly reports — is plenty. But it’s hard not to keep a constant eye on the scoreboard. This can lead to overreacting to short-term events, focusing on share price instead of company value, and feeling like you need to do something when no action is warranted.

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VSA 101

– Everything You Must Know About VSA

An approach to universal analysis

VSA can be used in all markets and with different timeframes, the trader just needs a volume histogram in his price charts. In some markets like the stock market or the futures market, actual transaction volumes are available, yet in other markets – like forex which isn’t centralised – actual volume numbers are not available. However, this doesn’t mean that a trader can’t analyse foreign exchange market volumes, he must simply analyse the volume observed on each tick.

Forex volume can be represented by the amount of activity observed in each bar or candlestick. One must keep in mind that the big professional traders are heavily involved if there is a lot of activity on a candlestick. Conversely, a low level of activity means that professional traders are abstaining from the movement. Each scenario can have implications on the balance of supply and demand, thereby helping the trader identify a probable direction of the market in the short to medium term.

Join us in this workshop as we’ll share with you how you can trade profitably using intraday charts, how to identify points where supply and demand are out of balance and price is about to move, the common mistakes using intraday chart that may be costing you money and how to avoid them, how to apply a simple rule-based trading strategy to any asset class including stocks and futures. Below are the details & Registration Link:

Registration Link: https://bit.ly/2rsig9p
Date: 29 December 2018 (Sat)
Time: 2pm – 4pm
Venue: Starbucks, TTDI (Venti Room)

Join us in the Market Outlook 2019 (Chinese) on 26 January 2019 http://t2u.asia/e/12508

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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