The markets taking a break now while waiting on firm action by the FED to raise rates.

The FED will likely be raising interest rates in June.

The short term bond indications put it at nearly 100% likelihood.

Those who are going on holidays, remember to lighten up or totally get out of the market.

This is so you can fully enjoy your holidays!

For those of you who would like to earn extra income to afford better holiday trips for your family,

We Can Help You.

STI

Still in uptrend, may test the 3200 area again.

STI still might test 3200

Hi-P

Clearly

I think the $1.00 will be tested.

So take some profits into the $1 area.

Hi-P parabolic

GLP

Be patient and follow system.

GLP be patient, board hasn’t announced decision yet.

OCBC

Another one which has gone parabolic, do take some profits if you can.

Otherwise, be patient and follow system.

OCBC be patient and follow system

M1

M1 is looking to be bought over.

This article from the Singapore Business Review mentions a few key reasons why a buyer would be interested in M1.

Be patient and follow system.

M1 be patient and follow system

TSM

It’s still going strong, note the potential resistance around the $36 level

Be patient and follow system.

TSM be patient and follow system

Valuetronics

Be patient and follow system.

We got an arrow there, but it’s not a valid signal.

So don’t try to add more positions here!

Valuetronics be patient and follow system

Cityneon

After the initial gap down, price has covered the gap, now it looks like it could make another leg higher.

$1.00 is a potential level where sellers might come in.

Be patient and follow system.

CityNeon be patient and follow system

With markets taking a break this period, not a lot going on since the last update.

Just managing the profits and positions right now.

if you’d like to find out how you can better manage a profitable portfolio,

Click here.

Good trading folks!

The post STI Market Update 26th May: Markets Taking A Break. appeared first on The Systematic Trader | Trading Courses | Collin Seow.