Jul 27

Stocks to monitor for trade 27/07/2016

By Online Guru Trader | Blog , Newsletter , Trading Article

After my previous post on 27/06/2016, trade on Kroger Company (KR) has reached 200% based on risk to reward while Phillips 66 (PSX) has went against my trade and hit stop loss. Markets have proved to be more bullish than I expected and has hit all-time high in the US. But even as the markets are more bullish overall, shorting on ConocoPhillips (COP) and Baker Hughes Inc (BHI) posted on 13/06/2016 continued to move lower. Going forward, here are the counters I am looking at to trade.

For long trades,
Southwest Airlines Co. (LUV)
Cvs Caremark Corp (CVS)

For short trades,
American Express Co (AXP)
Boeing Co (BA)
Citigroup (C)
Discover Financial Services (DFS)
Energy Transfer Partners LP (ETP)
EOG Resources (EOG)
Halliburton Co (HAL)
JPMorgan Chase and Co (JPM)
Monsanto Co (MON)
Noble Energy Inc (NBL)
Occidental Petro Cp (OXY)
Schlumberger Ltd (SLB)
Suntrust Banks Inc (STI)
Whole Foods Market Inc (WFM)

Jun 27

US stocks to monitor for trade 27/06/2016

By Online Guru Trader | Blog , Newsletter , Trading Article

Since my previous post on stocks to monitor on 13/06/2016, most of the stocks have went down and went into profit. I hope those who followed my previous post have benefited. I did not post any long trades on 13/06/2016 because the way I look at the charts, it shows much bearishness in the markets. For me, Brexit was much expected by analysing the technicals. That’s why I posted on 23/06/2016 (almost 20 hours before news of results of referendum was out that started to moved markets down) that I was still bearish with the markets. Going forward, here are the stocks I am looking to trade and hope you will benefit from it.

For long trades, here are the stocks I am looking at.
Kroger Company (KR)
Phillips 66 (PSX)

For short trades, please follow my post on 13/06/2016 as there isn’t any new ones to add to that list.

Jun 23

Seems like it’s not only me who have bearish sentiment with the markets 23/06/2016

By Online Guru Trader | Blog , News , Newsletter , Trading Article

Since the second half of last year, I have been turned overall long term bearish on the markets. Those who followed me and been to my market outlook talks would think I am a naturally bearish guy on the markets but it is not true. Since 2010, I have been have been trading the markets with an overall long term bullish view on the markets.

As a trader who use technicals to trade, I analyse the markets based on the charts. So my bearish sentiment comes from analysing the markets through the charts. By using the charts, I am able forecasted the small market crash in July 2015 during the greece crisis and a crash in a bigger extent in August 2015 during the china crisis which caused the dow jones to drop over 2000 points in just 4 trading days. As a technical analyst, I cannot tell you what events or news will move the markets. But using the charts, I can see when a shift is likely to happen.

And right now I am even more bearish than ever, because the chart shows a shift is even more imminent. It also seems like more and more technical traders and analyst are sharing my view and sentiment as well. One of them is this technical analyst who according to the article I just read, forecasted 4 market crashes in the past. I like to share this article with all of you and I hope you enjoy it. Please click the link to read it at http://www.businessinsider.sg/sandy-jadeja-interview-technical-analysis-dow-jones-market-crash-forecasts-2016-6/?r=UK&IR=T#.V2uMFfl95QI

Big crisis lies great opportunities and I believe great opportunity are in stored for the future and I hope all of you out there are equiped with the tools, skillsets and knowledge to take full advantage of it. Even if you are not equip, at least protect yourself thereby protecting your wealth from depreciating. Like I said (which some of you may have heard me say before), one of the greatest wealth transfer in history is starting (the brewing part is almost over, and so it’s starting)

Jun 13

US stocks to monitor for trade 13/06/2016

By Online Guru Trader | Blog , Newsletter , Trading Article

Stocks I am monitoring to trade to go short

AXP (American Express Co)
BA (Boeing Co)
BHI (Baker Hughes Inc)
BP (BP PLC)
CAT (Caterpillar Inc)
CELG (Celgene Corp)
COP (ConocoPhillips)
CVX (Cvs Caremark Corp)
DFS (Discover Financial Services)
DOW (Dow Chemical Co)
HCA (HCA Holdings Inc)
IP (Internat Paper Co)
LEN (Lennar Corp Cl A)
RDS/A (Royal Dutch Shell PLC)
SLB (Schlumberger Ltd)
UPS (United Parcel Service)
USB (US Bancorp)

Jun 01

US stocks to monitor for trade 01/06/2016

By Online Guru Trader | Blog , Newsletter , Stock Trading , Trading Article

Since my last post on the stocks to monitor, there have been some changes but for the long trades, they are the same 3 counters to monitor. In fact, since my last post on the stocks to monitor, I have entered a long trade into Nike Inc Cl B (NKE). It has gone down a bit as of yesterday’s closing and I am in a slight loss. I will update here again on how this trade runs in my future post.

Nike Inc Cl B (NKE)
Tesoro Corp (TSO)
Valero Energy Corp (VLO)

For short trades, here are the stock counters to monitor.

Autodesk Inc (ADSK)
Anadarko Petroleum Corp (APC)
American Express Co (AXP)
Berkshire Hathaway Cl B (BRK/B)
Citigroup (C)
CBS Corp Class B (CBS)
Canadian Natural Res Ltd (CNQ)
Capital One Financial Cp (COF)
ConocoPhillips (COP)
Discover Financial Services (DFS)
Dow Chemical Co (DOW)
EOG Resources (EOG)
Fedex Corp (FDX)
Hess Corp (HES)
Internat Paper Co (IP)
Invesco Plc (IVZ)
Merck & Co (MRK)
State Street Corp (STT)
Time Warner Inc (TWX)
US Bancorp (USB)
Weyerhaeuser Co (WY)
Wynn Resorts Ltd (WYNN)

As of yesterday, I have entered a trade into Dow Chemical Co (DOW) and I will look to add more trades on the short side from the above list as I am more bearish now. Maybe I will send out a trade alert through my smartphone app on one of trades. So stay tuned. See you real soon.

May 23

US stocks to monitor for trade 23/05/2016

By Online Guru Trader | Blog , Newsletter , Stock Trading , Trading Article

Here are the potential stocks to monitor for long trades.

Nike Inc Cl B (NKE)
Tesoro Corp (TSO)
Valero Energy Corp (VLO)

Here are the potential stocks to monitor for short trades.

Archer Daniels Midland (ADM)
Bb&T Corp (BBT)
Citigroup (C)
E. I. du Pont de Nemours and Co (DD)
Exelon Corporation (EXC)
EOG Resources (EOG)
Fedex Corp (FDX)
Halliburton Co (HAL)
International Business Machines Corp (IBM)
Linear Technology Corp (LLTC)
Merck & Co (MRK)
Charles Schwab Corp (SCHW)

I will most likely try to get into NKE trade this week. The trades I posted on facebook on 10th May on DE, EXC and MAR are all in profit. In fact, DE has generated more than 300% profit based on risk to reward. EXC has touched 200% and MAR is also over 100%.

May 18

US$625 profit in less than an hour

By Online Guru Trader | Blog , Gallery , Trade Results , Trading

I was outside meeting with my friends. We were just hanging out and chatting. Then a topic which I totally don’t relate drags on and on so I decided to take out my laptop just to watch the market on the background while I listen to my friends talk about this topic. Then I saw a potential trade setup. And since I was outside, I decided to just do a small trade risking slightly more than US$100. The screenshot below tells what happened after that.

es trade 18 may2

So I took over US$600 in less than an hour and over 400% profit based on my risk. Looks like supper is on me. Back to my friends now. Finally they change topic.

May 18

EXC trade posted last week

By Online Guru Trader | News

Posted on this blog last week to monitor EXC to short on 10th May before U.S. market open at 930pm on that day. After that, I had a webinar with my students that evening before market open and told them to monitor this closely for a trade using my Trade To Win (T.T.W.) trading system. T.T.W. system triggered a trade entry that very day after market opened. Here is the current chart of EXC up to yesterday’s close.

EXC trade 18 may 2016 for public1

Most typical technical analyst will say that it is a double top formed and that’s why it is going down. But most people will also say that by the time the double bottom is confirmed, it is always a bit too late to trade it. And if it is still early to confirm to say that it is a double top, when people trade it, normally what happens after that is the double top is not formed and breaks the previous resistance to set a new high. And that is why most analyst are analyst and not professional traders. Analyst are paid to be right and justify it after it has already happened and most of the time the battle is already over. Here, being the trade has already moved.

Using T.T.W trading system, as you can see, it can go along side with double top analysis. The only difference is that there is confirmation and the confirmation is much earlier for a trade entry to minimize risk and to maximize returns. I don’t use double top or bottom analysis anymore but most of the time after I traded a security, I noticed a double top or bottom being formed afterwards. I also like to congratulate all those who traded this after following my post last week on 10th May especially my students as well. One of my students who have traded this is Joey when he posted on my facebook for students asking whether to hold or start taking profits this morning. Here is the screenshot of it and it really makes my day (even much more than making the money myself) seeing it.

EXC trade 18 may 2016 showing profits by students1

Keep it up Joey. Consistent income from trading is the way to go. Enjoy the trading journey ahead.

May 16

US Market outlook 16/05/2016

By Online Guru Trader | Newsletter , Trading , Trading Article

From what I see on the e-mini S&P index futures, there are two likely scenarios that will happen but overall, both scenarios will likely point to a downward move. Therefore I am more slightly bearish at the markets at the moment.

The first scenario is that the index will stage a temporary upward move for the next few days due to the short term mood of the market being bullish. If it happens, it will try to test the immediate resistance level of 2105.25. If it breaks through that level then it may be a signal for it to move up further. However, I will look at it again if it happens to see if the short term mood is still bullish. I personally feel that it will not break through this resistance level (though it may test this level) due to the longer term mood of the market being bearish. So the likely scenario is that it may move up slightly and even test the resistance level but not break it and start to continue it’s downward move from then on and go towards testing the immediate support level of 2030.50. If it break through that, then there may be a chance that it will go toward testing the strong support set on 11th of february 2016 at 1802.50. I will analyse this here again when it happens.

The next scenario is that the index will continue to trend down from here (without even going up for the next few days) due to the longer term bearish mood of the market. And if it breaks through the immediate support level of 2030.50, it may move down even more to test the strong support that I mentioned earlier at 1802.50. The move to test 1802.50 if it happens, may take a month or two to materialise and in between this period, there may be short upward move as well.

Because of my view of how the two likely scenarios will map out (both scenarios to move down eventually), I am slightly bearish but personally for the immediate few days to a couple of weeks, I feel the markets will be more sideways due to the conflicting short term bullish and longer term bearish mood.

The e-mini S&P index futures as of last Friday close was 2042.50. I will update my outlook again on this blog after I see how the index moves from here and how the technicals reacts to the move.