Weekly Market Outlook - Dow Jones & Hang Seng IndexWeekly Market Update from TradeVSA Chief Trainer, Mr. Martin Wong. Send us your preference stock to review based on TradeVSA chart by comment at below. Disclaimer This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock05:52by MartinTFWong2
HSI review in 2018 and the prospect in 2019In bearish market, starting from Q2 of 2018, the Hang Seng Index (HSI) enters bearish market. According to EW Theory, bearish waves either move in 5 or 3 smaller waves. Waves are impulsive if they move in 5, or corrective if they move in 3. In 5, we will denote the waves in 1-5, while ABC are used for corrective waves. I am betting the HSI will have 5 waves to go since the prices have been edged down past 250 MA which is one of the indicators showing it's a bearish market.by hwong22090
How High Can HSI Reach This Year?US Stocks have recovered more than half their losses, rising much more gently and deliberately, when compared to the wild selloff that took the market down as much as 20 percent in December. On January we observed that the market could have hit a bottom in late December, though some strategists still expect a retest of the lows on the worry of weak global economic growth and the US-China Trade Talk will fail before the deadline. But Trump wants the trade deal and Chinese govt is pumping liquidity to lift up the weak A-shares. Therefore, I expect the HK stock markets will move higher at the first quarter of the year amid good outcome on the US-Trade deal and Fed's dovish move, but I don’t really expect a huge gain, probably retest 29000 or below 30000 this year.Longby DevilTrader1687
A Strong Bear Market Bounce For HSI (HSIF9 Hourly Chart)Expect a short-term pull back near 26100 level after a strong bounce from below 25000 to 26600, and probably challenge a higher level again. Market is still optimistic on US-China trade talk and expecting a pause in QT by Fed this year. Let's see...Longby DevilTrader1686
A Volatile Week For The HK MarketsGlobal stock markets sold off on Thursday after a warning from tech giant Apple Inc about slowing China sales, while data this week showed manufacturing activity shrank in December for the first time in more than two years. But HK markets failed to follow suit on Friday morning as A shares quickly bounced back from the low bottom amid smart money came in to squeeze the short sellers as China’s central bank said on Friday it was cutting the amount of cash that banks have to hold as reserves for the fifth time in a year, freeing up $116 billion for new lending as it tries to reduce the risk of a sharp economic slowdown. The bounce was so quick and sudden and traders started to short covering their positions when the futures price failed to move further down to 25000 level this week, and the market sentiment suddenly changed to more optimistic as positive news came in to boost the market back to 25500+ level. Personally, I think HSI will slow down its momentum near 26000-26200 resistance level but overall the market finds its support near 24500-25000 support zone. In the meantime, investors are still reluctant to enter into the markets, we need to take some time to digest the news and see how the negotiation on US-China Trade War goes on coming days. Longby DevilTrader1684
HSI Falls More Than 3% On The First Trading Day Of 2019HSI fell on the first trading day of 2019 as evidence of slowing Chinese growth weighed on investors already reeling from the worst year for global equities since the financial crisis. HSI futures touched 25000 support after releasing of the weaker than expected China Manufacturing data; the Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) for December fell to 49.7, from 50.2 in November, and followed a raft of soft trade data from the Asian region. The steepest declines were in Hong Kong and China, while shares also fell in Australia and South Korea. S&P 500 Index futures trimmed an advance spurred by signs U.S. President Donald Trump may be more willing to make a deal to end a government shut down. The third wave might extend at the first quarter of 2019 and HSI is likely to retest last year pivot low at around 24500 if support at 25000 fails. I will keep short positions unless price can break 26200 resistance.Shortby DevilTrader1684
Short Cover On The Last Day Of 2018...HSI gapped up this morning and broke hourly trendline resistance as the market got some relief on the last day of 2018 after U.S. President Donald Trump reported “big progress” in trade talks with his Chinese counterpart. Short cover if price breaks 26000... Longby DevilTrader1685
Trading 1 Minute Chart with VSAAnother quick update and trading opportunities to trade in HSI. Send us your preference stock to review based on TradeVSA chart by comment at below. Disclaimer This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stockShort04:38by MartinTFWong1
HSI Futures Failed To Rebound HigherThe trend is still bearish with no sign of moving higher. Keep small short positions and sell on every rebound, stop loss if price close at above 26000.Shortby DevilTrader1684
Trading HSI in 1 Minute Using Volume Spread AnalysisHSI just break below the support with high volume Sell-Off signal. Send us your preference stock to review based on TradeVSA chart by comment at below. Disclaimer This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stockShort06:11by MartinTFWong2
S-T Strategy For HSI Futures: Sell On ReboundThe pivot low support near 24500 was pretty strong and HSI futures failed to challenge 27500 after the G20 meeting. Obviously, HSI didn't follow US stocks sharp correction much for the last few weeks. It would be interesting to see how market reacts after the long Holidays... Still expect HSI to hit 23500 level or below. Let's see...Shortby DevilTrader1686
Hong Kong HSI will test upward trend line2018.12.06 Hong Kong HSI will test upward trend line, if HSI cross below upward trend line, will have more chance to go lower. by ctu1121Updated 330
Bear Wave B FinishAs my chart Wave B start from 30-10-2018, Finish at 03-12-2018 If Wave C = Wave A , Hsi will be 18000 .Shortby Sammy_Wan220
Hong Kong HSI is in triangle convergenceHSI is in triangle convergence, be ware if cross below upward trend line. If cross, might have chance to go lower.by ctu11211
bear B or wave (1)? Is something look like 5wave to push that but i am not petty sure about that last charting here Longby Sammy_Wan2
Hang Seng Index: Positive to 28017 on a break above 26770Hang Seng Futures HSI1! Next Long Set-Up This index made a neat exit of the upper parallel - followed by a pip perfect retest of the same line before reversing higher again to test the first line of resistance at 26764, failing just below here after an intraday high at 26694 on futures. The 26770 level is looking increasingly significant. A break above here should be worth following for close to 5% upside to 28017. This index really needs a stop of about 100 points - 3 times more than the Dow although they are both the same price pretty much. It's just the way it is. So a break above 26770 will need a stop 100 points lower at least, and really it should be under the 26588 level, which is over 180 points of risk against 1200 points of reward. The range between 26764 and 26588 is creating whipsaw - it's effectively a small band of uncertainty which may crreate a little more whipsaw around the open. But once it's shown it can overcome 26770 it should be worth following long - but be careful with the stop if trading this one. Longby sumastardon2
Hong Kong HSI in Triangular convergence positionHong Kong HSI in triangular convergence position. If HSI price pass above Horizontal line, may go higher. If pass below upward trend line, may go lower. Will know the result in coming days.by ctu11213