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Sg_KoalaDreaming
Veteran |
04-Jun-2023 20:58
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thx Bro Wave. As  Market is always forward looking and reacting to news flow, my feel is the current resilience will remain for sometime. So just have to trade accordingly to what we see and react as has to be mindful of the ongoing Russia - Ukarine war which Ukarine has now brought the war to Russia soil. Putin may not be sleeping soundly now knowing Ukarine drones are targetting him.
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wavehunter
Supreme |
04-Jun-2023 16:07
Yells: "Trade what you see, not what you hope to see." |
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![]() The VIX chart is of no help to us for now. That' s why I didnt mention it for a long time ler. When volatility is high and VIX is at the blue box region, she is helpful. She tells us once the market is there, if brave, can start nibbling bit by bit ler. But when she is at the bottom of the chart, it does not mean it is a good time to sell your holdings or to SHORT the market. Based on our own observation of the price action, we know the market is resilient and die die dun wan to die. Lidat can SHORT the market mare? Lidat should dump our holdings mare ? Skarly you dump, others who are waiting to buy will say THANK YOU and happily pick up what you throw. So when VIX is toppish, we can use her to guide us when to start nibbling. But when VIX is bottomish, it means nothing to me. She is no help at all. VIX measures the level of FEAR in the market quite well. But VIX, to me, is not a good measure of the level of EUPHORIA in the market at all.  VIX and stock indices are inversely co-related. When the VIX is bottomish, the stock market is supposed to have reached maximum optimism level and is hence toppish. But is the market toppish ? Not in my view. The market is neither toppish nor bottomish. The market has been trading within a narrow range doing the back and forth back and forth thingy not dropping but not rising either. The VIX chart is bottomish. But to me, the market is not toppish. That' s why VIX is of no use to me. But that' s me.  |
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csnigel
Member |
03-Jun-2023 20:31
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How is the VIX chart?
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wavehunter
Supreme |
03-Jun-2023 18:09
Yells: "Trade what you see, not what you hope to see." |
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Bro koala, What I see is a resilient market which macam like die die dun wan to go down to let us buy cheap but at the same time this market doesnt look like it wants to do an UP UP & AWAY either. . ![]()
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Sg_KoalaDreaming
Veteran |
03-Jun-2023 13:45
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best approach is what you have always said " Trade what you see and not what you want" - Bro Wave
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Sg_KoalaDreaming
Veteran |
03-Jun-2023 13:43
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Happy June holidays Bro Wave and everyone    ![]() |
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wavehunter
Supreme |
03-Jun-2023 12:49
Yells: "Trade what you see, not what you hope to see." |
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Last nite, Dow jumped +701 pts. S & P jumped +61.35 pts. And why lare ? Becoz May Job Report was sibeh strong. But I thought a strong job market means Fed will be less likely to pause on interest rate...not mare ? Then how cum market CHEONG ? I suppose becoz a strong job market means no recession. So at the end of the day, whether market CHEONG or dont cheong is suka they say one. Depending on which way they want the market to go. So what next ? Those still sitting at the sidelines will now bo pian have to come into the market or risk missing the boat ? Or better dont chase wait its a trap to suck in people to buy and then after we buy leow, the rally stalls and we kena stuck ? Dilemma Dilemma.  ![]() Toss coin or roll the dice lor, I suppose. |
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wavehunter
Supreme |
01-Jun-2023 11:53
Yells: "Trade what you see, not what you hope to see." |
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Ascendas is squatting at 2.69 : 2.70. Yday she showed us 2.68. Hello Miss, can you quickly come down and squat lower ? Yours truly is waiting for you at squat pan 263. Quickly come hor.    ![]() .   |
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wavehunter
Supreme |
01-Jun-2023 10:15
Yells: "Trade what you see, not what you hope to see." |
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How cum har ? Is there a co-relation statistically ?  
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zillion
Master |
01-Jun-2023 09:17
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19 of the Top Volume are sti component stocks on first day of the month! looks like 2nd half of the year downhill...... | ||||
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wavehunter
Supreme |
01-Jun-2023 09:02
Yells: "Trade what you see, not what you hope to see." |
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x 0 Alert Admin |
Today is the 1st trading of the month of June. Miss SIM has gone home. And without first doing her job. < sob sob>   ![]() So what next ? What is the next market-moving news ? 13 June is CPI data for May 2023. The market wants to see inflation retreating further. So that higher probability of Fed taking a pause. Coz 13 to 14 June is also the next FOMC Meeting.  If pause, will the market CHEONG ? Or priced in already ? This one, consensus is Gor Chup Gor Chup. Corporate earnings need to improve so that PEs can be revised upwards. And the threat of recession is still there.  |
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wavehunter
Supreme |
01-Jun-2023 08:52
Yells: "Trade what you see, not what you hope to see." |
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x 0 Alert Admin |
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wavehunter
Supreme |
01-Jun-2023 08:48
Yells: "Trade what you see, not what you hope to see." |
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x 0 Alert Admin |
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wavehunter
Supreme |
01-Jun-2023 08:42
Yells: "Trade what you see, not what you hope to see." |
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MIT trades XD today. The REIT manager said previously they will make an announcement of the actual DPU at a later time. I have been checking. So far still dont have. . ![]() |
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wavehunter
Supreme |
31-May-2023 17:41
Yells: "Trade what you see, not what you hope to see." |
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x 0 Alert Admin |
Bro zillion, Market is due for a technical rebound mare ? I wasnt expecting any and I didnt see any. From my own observation, market has been doing the back and forth and back and forth thingy but going nowhere and with a bias to the downside. We saw Ascendas and MIT doing lower lows. No higher highs. And I am merely waiting for short term players to run out of time or patience and for weak holders to run out of balls. Then selling will pick up momentum which may scare other weak holders to also bail out. I hope so. Coz if they dont sell, prices cannot drop to a level attractive enough to cause Dividend Yield to rise significantly which will trigger strong buying from the more steady and savvy longer term players. Just wait for it to come. Miss SIM did not bring a much needed wave of selling. Maybe Miss June will. 
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zillion
Master |
31-May-2023 15:47
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Bro Wave, today yet another round of funds unloading. Saw last week when Genting sell day sama sama now. More of technical redown not technical rebound. Some more today last day of the month means anyone go in will hv book losses. | ||||
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wavehunter
Supreme |
29-May-2023 09:05
Yells: "Trade what you see, not what you hope to see." |
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This is Market Depth for Ascendas...![]() The blue box is my BUY ZONE. Need to be patient and bun bun tan. ![]() |
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wavehunter
Supreme |
26-May-2023 18:33
Yells: "Trade what you see, not what you hope to see." |
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Bro Tong, And if those scientists have also learnt how to grow a " cucumber" and we can all get a brand new one and feel like we are 28 again, I think this one will have a super long waiting list...very very long queue longer than buy $15M TOTO Hong Bao Draw.    ![]()
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wavehunter
Supreme |
26-May-2023 16:47
Yells: "Trade what you see, not what you hope to see." |
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x 0
x 0 Alert Admin |
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yoga123
Master |
26-May-2023 15:41
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Yeah Bro,  dreams are sometimes the prequel to something new and revolutionary if it becomes a reality. C' est la vie !  👍
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