Alright don’t panic, Irma isn’t going to hit Singapore physically.

I don’t think our Yanlord short working out well has anything to do with Irma either.

But her impact on the US markets is certain to send some ripples(opportunities) our way.

Irma is Hurricane Harvey’s big sister, and Harvey has already done tremendous damage to the Carribean islands, with Irma due to hit Florida on Sunday.

The US is attempting their largest evacuation of 650,000 people.

Stock prices of insurance companies with exposure to the area have dropped before Irma even hits Florida.

Florida is a massive producer of soft commodities, so those markets have taken a huge beating as well.

In Singapore, opportunities are brewing in our markets as well, keep a keen watch on the STI.

Our signal on Yanlord is playing out nicely since it triggered a couple of days ago.

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STI

STI is looking heavy and might be headed to test the 3200 level.

As mentioned in the last post here, we could be trapped in the broader range between 3200 and 3270.

STI looking heavy

Wing Tai

Wing Tai is holding this area well considering the STI is taking a dip.

Be patient and follow system.

Not so good if price goes below $2.07

Wing Tai is holding these level well, be patient and follow system.

Wilmar

The candles turned blue for a couple of days but didn’t trigger an exit.

So sit tight and follow system.

We have already locked in some profits so be patient.

Wilmar has not triggered an exit, so sit tight and follow system.

Yanlord

Triggered our short entry at $1.675

As mentioned in the first post highlighting this setup, it looks like we have a clear path to $1.53 if $1.62 clears.

Be patient and follow system.

Yanlord has triggered and moved well.

Sembcorp Ind

Still has not triggered yet but we are close so be ready.

We’re looking for $2.77 and $2.65 but along the way $2.86 is the first hurdle we need to cross.

Sembcorp not triggered yet, but we are close.

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Trade safe folks!

The post 8th Sept STI Market Update: Hurricane Irma Is Approaching! appeared first on The Systematic Trader | Trading Courses | Collin Seow.