20/03 2014 Thursday market update

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20/03 2014 Thursday market update

DOW/WALL ST: Consolidation but peak may be at hand

Yellen speaks about possible interest rate hike in Spring 2015 and the market tanks. Turning point based on Bradley model is on March 22nd, and a Phi mate turn date scheduled for March 28th. Gann’s 30 degree is right on 28th March. The convergence or proximity of these 3 cycle turn may indicate a strong trend that may begin 1-2 weeks. Question is a low point or a high point around these dates?

 ACTION

Aggressive trader (1-5 days): Hold SP short entry at 1867-1875 but take profit around 1790-1810.

Conservative trader (Major trade): Wait and see

GOLD SILVER: Gold and Silver has pulled back to the first level of important support at 1327 and may rebound from here for a brief period.

ACTION

Aggressive trader (1-5 days): Time to Long Gold a bit at 1327 and Silver at 20.60 for a possible quick rebound.

Conservative trader (Major trade): Wait to buy.

ASX: Trend is neutral actually but Following DOW and growing fear in China’ slow down and the breakdown in Copper might put extra downward pressure on ASX

ACTION

Aggressive trader (1-5 days) : 1. Hold FMG short 5.05-5.15 2. Hold BDR and SLR. SLR. Hold ASX short.

Conservative trader (Major trade): 1. Hold FMG short from 5.17. 2. Hold BDR and SLR for longer term– depends on Gold/Silver price

NOTE Major trade need WAITING ( major account) with wider stop loss. Aggressive ( small account) is for quick trading only. Allocate 70% to major trade and 30% to quick trade.

18/03 2014 Tuesday market update

DOW/WALL ST: Consolidation but peak may be at hand

As expected, we see oversold bound. Turning point based on Bradley model is on March 22nd, and a Phi mate turn date scheduled for March 28th. Gann’s 30 degree is right on 28th March. The convergence or proximity of these 3 cycle turn may indicate a strong trend that may begin in 1-2 weeks. Question is a low point or a high point around these dates?

 ACTION

Aggressive trader (1-5 days): Hold SP short entry at 1867-1875 but take profit around 1790-1810. Re-short at 16260 and 1862

Conservative trader (Major trade): Wait to short

GOLD SILVER: Daily and weekly Trend is still up but Stochastics suggest quite overbought short term.

ACTION

Aggressive trader (1-5 days): Short from 1365-1372 and Long below 1310

Conservative trader (Major trade): Wait now to buy during the next Cycle low which is expected in May

ASX: Trend is neutral actually but Following DOW and growing fear in China’ slow down and the breakdown in Copper might put extra downward pressure on ASX

ACTION

Aggressive trader (1-5 days) : 1. Hold FMG short 5.05-5.15 2. Hold BDR and SLR. SLR. Hold ASX short. But will consider to take profits soon.

Conservative trader (Major trade): 1. Hold FMG short from 5.17. 2. Hold BDR and SLR for longer term– depends on Gold/Silver price

NOTE Major trade need WAITING ( major account) with wider stop loss. Aggressive ( small account) is for quick trading only. Allocate 70% to major trade and 30% to quick trade.

 

 

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