Migrating my blog

I have recently migrated my blog to a new host.

http://shinkentrader.com/blog/

Honeywell

I rarely trade stocks, but this trade setup is too attractive to miss. 12M is in corrective upswing, and is at Demark exhaustion; 13W is in bullish trend, but Demark exhaustion is suggesting a trend change; 18D is in uptrend, but also has Demark exhaustion signal, plus Barrometrics Change in trend

Jonas’ Homework

I taught Jonas the Demark exhaustion method, and using this method, he has identified Honeywell as a potential short candidate. We’ll see whether the sell trade triggers tomorrow.

FTSE

12M in upswing leg of a sideways range; 13W is in bullish trend; 18D has just triggered a BarroMetrics Change in Trend setup. However, my maney management rules do not allow me to take a position in FTSE. All I can do is watch

CAC40

12M in upswing, but at Demark exhaustion; 13W in upswing and bull trend; 18D in uptrend but has triggered BarroMetrics Change in Trend setup. Will watch the opening hour

Managing the KL Composite Index short trade

I am still holding the short position initiated on 12 Dec at 1090. My trade plan required the market to validate my view if the trade is to be held. This validation occured on 13 Dec, so the trade plan now requires me to manage this trade for its exit strategy,

Hang Seng Index

12M on Hang Seng is similar to the 12M on Dow Jones Industrial and also 12M on Straits Times Index; both have broken out of the previous high established in 2000, but have not crossed the Max Range Extention. 18D is awaiting Demark exhaustion.  

Nikkei 225

12M is in upswing leg, downtrend; 13W is in upswing leg, bullish trend. 18D is in bullish trend, but is now in BarroMetrics CIT setup. This CIT can also trigger the 18D V-top that implies a change in trend of the 13W. Will be watching this closely for the sell entry

CAC40

12M in upswing range mode, and at Demark exhaustion. 13W is in bullish trend. 18D is in bullish trend, with potential BarrosMetrics CIT. Watch for trigger to short.

Dow Jones Index and Straits Times Index

There are similarities in both these indices. Both have broken above their previous highs that were established in Jan 2000. Both are now approaching the Max Range extention. Both are at Demark exhaustion on Monthly charts. We live in very interesting times. Market at this stage is definately not for widows and orphans. Caveat Emptor.