Market Update: 21 Dec 2014

Hi all. How is everyone December 2014 holiday so far? Definitely I didn't have a chance to go on holiday due to exam after exam. But I'm happy of what I'm currently doing.
Probability Technical Analysis will like to take this chance to wish everyone Happy Merry Christmas 2014 and hope everyone have received their Xmas Gift from the market. Thanks for supporting my blog which is almost more than a year and do continue to support me. I will definitely give my best view on the market as possible.

Alright, we shall next move into the trading floor once again. Oil have been plunging badly to $55/barrel. STI going up and down between 40 to 70 pts per day. Is Market is going volatile or due to Capricorn effect or year end rally? Stay away if you are not clear. Go enjoy your holiday & prepare for the year 2015 which many people not looking good in the economy.

I'm currently looking at this 2 position. HSI index and first resources. I have closed all other position which I recommend over my blog. SL triggered. :( [no worry]

Let see the following charts for the 2 counters.

Happy Merry Christmas..!! HUAT AR!!

HSI: Stated my call in my FB. As you can see from the weekly chart. It show the technical rebound after the candle touched the support line.
SL @ 22350
Target 23900

First Resources: I have stated the sell call in my FB too. Once after First Res break below $1.8, Just short. TP: $1.65/$1.5

Overall: Received number of msg asking whether do I conduct any courses. Yes I do, but only in 1-1 session

Currently I'm drafting my courses program outline to share with everyone of you. Do stay tune if you are interest.

You are remind to trade base on your own risk. Plan and Trade well :)