Things are rather quiet on the local markets.
Even though the US indices saw a strong move yesterday, it is generally still trapped in a range.
So keep these in mind before you get all bullish on the global markets.
This is not a market to get aggressive in your trading with, so take smaller trades, or just stay out till things become clearer.
This is also the perfect time to learn more about trading, you aren’t missing any opportunities while picking up a new skill.
Take this opportunity to learn more.
Be patient, we could be stuck in this environment for a while.
Don’t try to extend the profits too far as well.
Still going strong, currently it’s displaying the most strength of the 3 Singapore banks.
Slow long trade, but it has given us a solid 16% profit since our entry in January.
Another sign of strength, is that it continues pushing higher even though the STI has stagnated.
Wing Tai be patient and follow system.
Watch the $1.95 level.
We’re short at an average of about $2.26
Price bounced off the $2.20
Be patient and follow system.
Be patient and follow system.
Around $3.22 is where buyers may come in.
Be patient and follow system.
There is a rhythm to the markets, how can you get in tune with it?
The post Market Update 13th July: OCBC Strong Relative To STI appeared first on The Systematic Trader | Trading Courses | Collin Seow.
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