• whatsyourtradingangle

The Bulls just wouldn't let up the Ghost!

On Monday 22 Jun 2020 9.46pm, I emailed Clients my latest post titled 'The Bulls just wouldn't let up the Ghost!'.

Below is the full transcript of my write up:

'Dear Clients

For the longer term investors:

I remain the view that come 3rd quarter 2020, we are likely to see a bigger pullback in the US markets due to the negative seasonality effects which will likely drag global markets down with it. That will be the good time to buy for the longer term. For SG-centric investors, I've in mind a counter that you can consider to add to your portfolio which I believe will improve your portfolio performance by a good shot. Feel free to drop me a line to find out more.

For the shorter term traders:

If you have been following my work, you will know how I use the Bollinger Bands & EMAs (exponential moving averages) to gauge whether price action is leaning towards bearish or bullish bias.  

I must admit the S&P500 Index (SPX) price action is STILL holding above its 50 & 200 EMA and is also still in the upper segment of its Bollinger Bands (BB) midpoint line

As the title aptly says 'The Bulls just wouldn't let up the Ghost' - if we do have a convincing breakout over the recent high at 3233, I'm afraid the bears may have to suffer yet another blow. 

Now if the SPX does break out to the upside again, it is likely that our Straits Times Index (STI) may follow suit to my original target zone of 2871-3052, being the 61.8-78.6% Fibonacci retracement levels. (Pls see my 8 Jun post on STI)

Conversely, SPX breaking below the 50 & 200 EMA & its BB midpoint line will potentially open the 1st trap door to the downside which will pressure STI as well.

Critical juncture - short term traders, watch your front!

Live Long & Trade Well. Thank you & rdgs Thomas Ng, CMT Principal Trading Representative 首席股票经纪 #plsreaddisclaimer #chartforillustrationonly #spx21jun20 #sti7jun20 

#befluid #wytant #livelongandtradewell Chart:'

47 views0 comments

Recent Posts

See All

Let's Talk.

250 North Bridge Road
Raffles City Tower #06-00
Singapore 179101


  • LinkedIn
  • Facebook
  • White Instagram Icon

*By providing us your personal data (i.e. name, email address and phone number), you acknowledge and consent to our collection of your personal data for the purposes listed below:

  • Sending you marketing, advertising or promotional materials related to the content of this website, whether by call, text or email;

  • Provision of products & services which you have requested for.

Please note that you are entitled to withdraw your consent for the collection of your personal data at any point in time by providing a notification to


The information contained in this website is provided to you for general information/circulation only and is not intended to nor will it create/induce the creation of any binding legal relations. The information or opinions provided do not constitute investment advice, a recommendation, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on this information. Investments are subject to investment risks including possible loss of the principal amount invested. The value of the product and the income from them may fall as well as rise.


You should seek advice from a financial adviser regarding the suitability of the investment products mentioned, taking into account your specific investment objectives, financial situation or particular needs, before making a commitment to purchase the investment product. In the event that you choose not to obtain advice from a financial adviser, you should assess and consider whether the investment product is suitable for you before proceeding to invest.


Any views, opinions, references or other statements or facts provided in this website are personal views. No liability is accepted for any direct/indirect or any other damages of any kind arising from or in connection with your reliance on the information provided herein.


© 2018 by Thom Ng. Proudly created with