by Jason Ng, Founder, Master ‘O’ Equity

Welcome back from the weekends!
 
Hope you are mentally and spiritually recharged for the challenges ahead. A warm welcome goes to our new week one students too.
 
Last week has been extremely encouraging as the Dow and the Nasdaq Composite rebounded from a dangerous support level. This week is going to be a week that is pretty uncertain, with no major new release to drive the markets, the Dow and the Nasdaq composite will once again be technically driven. The week looks slightly gloomy for the Dow as it looks like it will form yet another step in its staircase formation this week, however, we can certainly expect yet another new high from the Dow soon after the step has been formed. The Nasdaq composite is coming up against a strong 2500 resistance level which it once failed on 16 Jan 07. With important Nasdaq components like KLAC, CTSH and CSCO reporting earnings this week, their performance may well determine if the Nasdaq composite breaks the 2500 resistance level or not. For now, the Nasdaq composite remains in a neutral trend, the one it has been in since Nov 06. 

The number of evening stars versus morning stars today seems to indicate a market downturn… or at least a short term one.

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I only traded 5 counters for the whole month of Jan 2007 and that’s good enough to kick-off new year trade with 183%. Jan is not an easy month for me though but the Star Trading System always lead me to right direction most of the time.

For Jan 2007, Star Trading System (STS) students are overwhelming by tones of  Morning & Evening Star signals obtained from scanning tools that meet STS criterias. I’m using the ‘Ranking Method’ that I learned from STS advance course to stack rank my signal each day especially if I got too many signals that meet Criteria A to D of the Star Trading System.

The market entry rules is another gate that all STS students use to filter bad signals and for me it always safe me from making a wrong move.

A good thing about this system is that you DO NOT TRADE EVERYDAY! As what my master Jason Ng mentioned in Star Trading System manual, “Aiming for 4 to 7 FULLY QUALIFIED trades a month that brings you 20 to 30% everytime is better than feeling bored and trying to do too much with your money on all wrong trades”.

Here are the details of my trades for the month of Jan 2007:

        

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