It’s a brand new beginning for the USA.

Trump won. He’s going to be the next President of the USA.

No matter what anyone thought, or said or did. The voters have decided.

So what does this mean for us here in Singapore?

It’s really hard to say, because Presidents have all had a habit of toning down on what they said or promised in their campaigns, after stepping into office.

Every one will be watching Trump as he enters office, before they have any idea how things might turn out.

But one thing is for sure, we can expect changes.

So right now at this very moment, there is nothing we can do except trade as per normal!

With that let me focus on the TradersGPS setups which we can watch out for on Monday.

On the scans, there is only 1 counter highlighted in green.

This tells you it’s been a bearish month for the markets, for this counter to still be giving a buy setup, it must be strong!

There are a lot of counters highlighted in red, but I will just feature the bottom most 3 counters.

So let’s start with the Reds!

For Shorts:

PEC

Factors for:
There is still some space to the downside till the next area of potential support around $0.50 area.

Factors against:
Shorting against a strong move higher.
A move which brought it out of a 2 year consolidation.

Conclusion:
Personally I think it would go further up after breaking out of a 2 year consolidation.
But if you do short, watch out for the $0.50 area.

CapitaMall Trust

Factors for:
Fundamentally, physical retail is on the decline, which is in-line with the short signal.

Factors against:
Prices have been in a range between $1.80s to $2.20s for about 3 years.
This is the 3rd valid entry signal, however, short entry price now is very unfavourable as we are near the low of the range.

Conclusion:
If you believe in the long term decline of physical retail, you could short this in anticipation of moving lower from this range. But I’m not usually in favour of long term shorts because of higher costs needed to either borrow shares or use CFDs.
Personally, I would skip this setup.

Mapletree Com Tr

Factors for:
The uptrend was broken quite clearly. There was a retest of the area held down by the highs before the 2nd signal.

Factors against:
3rd valid signal already, first signal was on 11th Oct, 2nd on 1st Nov.
So if you missed the first 2, this 3rd signal’s entry price is unfavourable because price has already fallen quite far and now reached into an area of potential support.

Conclusion:
I would pass on this signal. There will be better setups to trade.

For Longs:

HMI

Factors for:
slow long term uptrend, more recently active again with a strong uptrend since July-August.
It has come a long way up quite impulsively, recently did a retracement before continuing up to highs again.

Factors against:
Not a lot, believe in the trend until it comes to an end.
All-time-highs so we are in uncharted territory, potential to go parabolic even, remember to take profits.

Conclusion:
Most valid signal for Monday.

The post Trump Won, What Is The Next Trade For Us? appeared first on The Systematic Trader | Trading Courses | Collin Seow.