Dear friends, there might be two god-given trade opportunities showing up based on two important dates. They are FOMC meeting (on 8th Aug) and National day (on 9th Aug) respectively.
For the FOMC, it appears that the regionals are buying up in anticipation of a possible pause in rate hike this time round. As for Singapore National day, it's evident that there are strong bids absorbing any retracement and rampant bargain hunting.
We've made good $$ when the market sold off after our elections and this time round, I believe there's $$ lazying on the ground. The question is, do you want to pick it up?
How to trade this move ?
Trade 1: I am looking at any buying opportunities in the regionals leading up to 8th August. Potential markets to buy and hold are the stronger candidates namely Hang Seng and SIMSCI.
Trade 2: After 9th August, "buying on the rumour and selling on the fact" should set in and I am looking for shorting opportunities in Taiwan and SIMSCI only if they break previous day low. Remember, don't short when the markets are rising, that's suicidal. Only short on weakness, that's why previous day low must be broken.
Please remember that nothing is certain in the markets so when things doesn't look right, get out of the trade first. Cheers :)
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