dchua1969

dchua1969

Read article here The writings is on the wall. All Central governments worldwide are printing money. What you called it is not so important. Leave the economic terms to the experts and analysts. For us, traders and investors, it is suffice to know this will continue to shore up the market. We are currently close to 30% up from the bottom since 14 Mar 20,...

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Read his prediction here I listened to one of his video recently and he mentioned about the co-relation between Lumber and the stock market. He said that Lumber price action is a good indicator of consumer wealth direction as that is what most average Joe will spend on the most - their home. Currently, this commodity is facing some resistance at 71.4. I expect...

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If at the close of the day , the last candle close is above 3159, we are in for another bullish move. Else, we can foresee a bearish move downwards. Note, at this level, it has been retested 3 times and it fails to break out.

dchua1969 Updated 

See chart Read latest news here This reshuffling is going to boost the index to a new level by reducing on the heavy weighted financial stocks like ICBC. For the next decade, China will be focusing on 5G, Al, Ecommerce, EV, digital payment gateway, healthcare, etc. Many aspiring companies in this list are not included in the index and that would soon change.

dchua1969 Updated 

Last night , the market is generous again to offer us retail traders a discount to buy great companies again. Tencent is one of them, having slide from a high of 455 to current price of 437. So, I am adding more of this stock into my portfolio.

dchua1969 Updated 

In the past, I was afraid to see a sea of red in the stock market. Not anymore. I believe there is still lots of room to move in this bull run and last night 5% fall for Nikkei 225 and HSI is a buy on dips for me.

dchua1969 Updated 

By Confucius Complexity bias is our tendency to look at something that is easy to understand, or look at it when we are in a state of confusion, and view it as having many parts that are difficult to understand. Let's take a real life example. In this unprecedented time, if you are hard pressed for income (since many are now retrenched, suffering from wages cut,...

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The words, bullish and bearish are so commonly used that we as traders can get suck in to what the media want us to believe. Technically speaking, a bear market requires a minimum 20% fall from its peak. Thus, the recent plunge on 9 Jun 20 (Thursday) was only about half of the 20% (9% to be precise). This is not a bear market , yet! If you know the power of...

dchua1969

Here, I want to show traders the power of this pattern ; the descending wedge pattern. Now, please note that this is a pattern , just a pattern and barring any unforseen circumstances, it is likely to break out of the bearish wedge and goes higher (a bullish move). Now, you witness a 15 min IPO shares -Netease newly listed in HK. Here's a few more examples...

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so, naturally we add more. The support at round number 3000 is quite crucial.

dchua1969

I believe the selling in USDCAD is not completely over yet. While 11 June , it has registered a bullish candle move, it is nevertheless still bearish on the day chart. Comparing that with the Oil chart, we can see that it is very close to filling up the gap. I think Oil is taking a pit stop before it continue to charge higher ,minimally filled up the gap then...

dchua1969 Updated 

I have from time to time see some traders sent me very complicated charts that I feel uninspired to understand more. Please visit my following charts where you can see we have made more than 400-500 pips profits (each pair) using just trend lines, price action , support and resistance. No indicators, volume, social economic reasons, politics, etc. Just a couple...

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Morgan Stanley said this Bond King said this What do you say ? You see, they both could be right. It is the timing that they cannot foretell. Nobody but the Market knows where the direction is going to be. At best, their views are a guide, reference point , something extra for you to consider in your own research. When I look at the DJIA chart, this is...

dchua1969 Updated 

Read the bible verse here : John 11.1-45 about the resurrection of Lazarus. The year 2020 36% plunge from the peak and the V-shape recovery which resembles the resurrection of Lazarus, a story that the mortal world finds it impossible to believe in. Read what analysts and fund managers said here , here and here . Don't ask me why they were wrong in...

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It is normal that we tend to look at our neighbours garden and think how pretty the lawn is and the neat rows of flowers they have. Sometimes, we over focus on outside of our own markets and neglect what's nearer to us. In this case, we made the assumption that just because US is a big market, we should give it more attention and in doing so, we blind ourselves...

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See this link here Using VIX, the fear index to guide us, we can roughly estimate how close we are coming to the edge of the upcoming waterfall. We know it is there and will come but when is the million dollar question on everyone's mind. You get your usual market economists who had been proclaiming the crash of the market for the last decade (Noriel Roubini,...

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Read this article on comparing Wechat (owned by Tencent) and Whatsapp (owned by FB) First, we read about FB recent foray into India . Read here and now this move into Indonesia . Luckily for Wechat which has a huge market share in China and unlucky for FB which was blocked there, we can see FB moving fast these days to play catch up with its Whatsapp...

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Ready to load up on the precious metals ? With the protests and riots ongoing now in US over the case of George Floyd, the stock market might take a breather possibly , see post here . I have indicated 3 possible commodities to long; namely : Gold, Silver and Gold miners ETF. You can see the charts are quite similar, so wait for price retracement to support...