Xylem is a US counter which one of our students traded.

Just an example of the very persistent trends we can find on the US markets.

Those who don’t follow the trend and think it has gone too high, are really paying the price!

A quote from John Maynard Keynes goes something like this: “The markets can stay irrational, longer than you can stay solvent.”

In case you’re wondering, he’s the reason we study Keynesian economics at school.

So with that in mind, we’re looking for more opportunities in the market for continuation of the uptrend.

There’s also a juicy setup on our local market which looks good, but I have my reservations, take a look below.

If you’d like to learn how to select your counters to capture trends,

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STI

We’re testing the upper areas of the current range.

No confirmed change of trend, but observe the US markets as we are closely following them right now.

UOB

Stronger than the broad market index as it makes new highs today.

Triggers an entry from 28.83

UOB marches on upwards

Wheelock

As a hedge of our positions, we are looking for shorts on this counter.

There is good potential downside to the 1.71 1.64 and 1.53 levels.

Wheelock looks good for a move lower

YZJ

The setup here looks good for a short.

However, we can see historically that YZJ is a more volatile counter.

It tends to whip us out of the sustained trends during retracements.

So we would pass on this setup unless you’re ready to handle the volatility.

YZJ has a juicy setup but…

Xylem

This stock has seen a magnificent trend higher since almost a year ago.

Xylem a huge American water technology provider.

You can read more about them on their site here.

Xylem case study

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Good trading Folks!

The post STI Market Update 13th March 2018: Xylem Case Study appeared first on The Systematic Trader | Trading Courses | Collin Seow.