Happy 2018 everyone!

As the new year comes around, the markets globally are looking strong.

We have moves to new highs on the US indices.

Asian indices are going up as well with the STI reaching 3500.

Is this an indication of a good year for global markets this year?

We had a pretty good trading year in 2017 with the markets generally trending higher.

If you’d like to see how we did in 2017, read this post here.

To find out how we did it,

Click here to begin your journey.

STI

We’re seeing a strong move higher to start the year.

STI reaches 3500 again today.

STI starts the year with a strong move

Genting

We have an exit at 1.32 when the candle turned red.

So that’s it for our Genting trip for the moment.

Good little trade with 2 entries!

Genting was a good trade, congratz!

Sembcorp Mar

Prices gapped down after xmas, price action not looking so good.

We will stop watching this setup for now.

Sembcorp Mar isn’t as strong as it looked anymore

Sembcorp Ind

On the other hand, Sembcorp Ind has shot up in line with the STI.

It seemed like the weaker of the two, but not anymore.

One thing to note, is that Sembcorp Ind is still inside a wide range.

So not a very ideal setup for now.

Sembcorp Ind looks stronger, but overall not ideal still

Comfortdelgro

We are short at $1.91

Price has done a sharp move higher and today’s candle has turned blue, so beware.

Comfortdelgro candle has turned blue, beware!

Wing Tai

Price did a little dip down to 2.24, just shy of the 2.22 level I was expecting.

Still waiting for setup to long.

Wing Tai be patient and wait for setup

If you would like to know how pick the best setups,

Click here to learn.

Good trading folks!

The post 4th January 2018 STI Market Update: Happy 2018 Traders! appeared first on The Systematic Trader | Trading Courses | Collin Seow.