xmas-tree-cover

 

Xmas season trading!

Honestly not the best time of the year to be trading, thin markets, short weeks.

And the distraction of what presents to buy for loved ones of course.

Are you all still trading?

Time to take a break!

I will just highlight some interesting setups along the way, but will not be trading till next year.

Collin also advises us to stay out of the market till next year.

 

STI

Continues to fall. Now testing a level which seems significant, you can see it has held as support and resistance multiple times in the past.

So we can expect a reaction around this 2900 level again.

If that breaks, we will probably see some support for the STI coming in around 2850.

STI on the way down, likely to find 2900 a level.

STI on the way down, likely to find 2900 a level.

 

Best world

Just highlighting this as an interesting setup to observe.

It broke previous swing lows, 1.275, so we’ve made a lower high and lower low. Indications of trend change.

Came back to retest the level and seems to be falling off with the first valid arrow.

It was dropping while STI was heading higher.

Best World, break down and retest. For observation.

Best World, break down and retest. For observation.

 

GLP

It’s still hovering in this area, follow the system, patience.

GLP still hovering here.

GLP still hovering here.

 

OCBC

Uptrend is still intact, although STI is falling off, OCBC is still managing to hold this area.

OCBC, are you in or out? Up trend still in tact for now.

OCBC, are you in or out? Up trend still in tact for now.

 

Sembcorp Ind

Still hovering around, follow system, patience.

Still hovering around here as well, follow system.

Still hovering around here as well, follow system.

 

ThaiBev

Watch out of we cross $0.905, otherwise follow system, patience.

ThaiBev still hovering here as well.

ThaiBev still hovering here as well.

 

Venture

Testing that $10 area again, follow system, patience.

Venture is testing $10 again, patience.

Venture is testing $10 again, patience.

 

A lot of patience required for xmas season trading, markets not expected to make any significant moves during this period.

As long as you have your stoplosses in place, just check in once in a while during this holiday period.

When you’re enjoying the holiday season, you won’t notice time pass at all!

Good trading folks!