Happy National Day 2017!

Happy National Day to everyone!

Singapore is 52 years old!

The holiday happens smack in the middle of the week, so don’t expect too much movement for this week.

We are highlighting an interesting setup today, Genting!

Genting has come a long way since incorporation in 1980.

If you can remember Genting Highlands was an amazing hotel resort, and it’s only gotten better since then.

Now the Business has expanded to multiple countries and locations, including on our own shores, Resorts World Sentosa!

No arrow signals yet for Genting, which is a bit rare, but it’s good because we are catching on to the setup early so we can prepare for it.

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STI

Here’s the STI retracing, it’s healthy for the uptrend to continue.

STI retracement to go higher

OCBC

This also seems to be a healthy retracement for OCBC.

We have held this trade a very long time, but it’s still going.

So be patient and follow system.

OCBC be patient and follow system.

Wing Tai

We have it moving, so be patient and follow system.

Wing Tai be patient and follow system

ComfortDelGro

Remember we could see 2.40 act as resistance, so be prepared for a move there, which means exit signals would get triggered

There are a couple of ways to manage this.

1) You could scale out some if exit signal is triggered then put a hard stoploss at $2.50

2) You can exit all when exit signal is triggered and wait for the next signal.

Since we have already exited half near breakeven, I will opt to exit fully and wait for next signal.

Keeping losses small helps grow the account.

ComfortDelGro keeping losses small helps grow your account

Wilmar

Still didn’t trigger an exit, but it’s very likely going to.

Like mentioned in previous post here, follow the system, small losses are part of the game.

Wilmar hasn’t triggered exit, but likely will

Breadtalk

Still hanging around our entry, so just be patient and follow system.

Breadtalk, be patient and follow system.

Genting

Genting looks like it’s going to continue the uptrend.

No signal for this leg up yet, so let’s wait for the first arrow.

Genting wait for signal

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I know many of you have long weekends plans, so enjoy your holidays!

Good trading folks!

The post 9th August STI Market Update: Happy National Day 2017! appeared first on The Systematic Trader | Trading Courses | Collin Seow.