ST Engg

ST Engg looks a good long candidate if it can break above its resistance 3.24.

Another Day New High

Life is really stranger than fiction, isn't it? Who would ever suggested last Oct that we'd be looking at something like this?

Chartless Day

Well, blogspot facing some issues and I'm not able to upload any charts. And I don't feel have anything xtra to say, if you have been follow the blog for a while and enter any position that mentioned twice, you should be sitting back now and thinking of when to take profit already.

PEC Update

PEC has been posted here on 21st Dec, click HERE, it goes exactly follow our plan, hit the gap support and rebounded.

Some New Trades Candidate

Cosco : likely to breakout from long term downtrend line, ends its more than six months downtrend.


Midas: just break above its major resistance 90c, more room to upside.


F&N: Long IF it can break and CLOSE above 4.16



SATSvcs: Breakout from its major resistance 2.65, it's slow but steady.

China Properties Under Pressure

Good Morning everyone, another Christmas has passed, welcome back.

In today's MyPaper cover article, it says China is going to curb on property speculation.



and I immediately think of Yanlord, let chart tell the story below. It presents to me as standing at the edge of the cliff, looks like one kick would hit it down. The only last straw is its 200dma may provide some support. Let see.

Happy Holiday

Dear Friends, enjoy your holiday!

Swiber

Swiber looks to me a good long candidate:

Stocks That are Set Up for More Upside

Here are the stocks under my watchlist, not for contra definitely as we are into holidays this weeek and next week, but for more Chinese New year Angbao.

Golden Agri: long if break 50c
First resources: long if break 95c
Allgreen: breakout from major resistance 1.2
Hongfok: breakouk from multiple resistances
Starhill Global: major support 200dma

STI Celebrating Xmas

STI hit a new yearly high yesterday on celebration of Xmas and New year. Wooonderful...

The Banks Are Pushing Up STI

OCBC breakout major resistance level, strongest among the banks:

FA+TA = 发达

Probably the best trade comes from good fundamental plus good technical analysis. Which I think would provide me highest probability to win. Fundamental tells me roughly how good is the company's business, and technical tells me when I can enter/exit. Below are the candidates that I can immediately think of for both:

StraitsAsia
Noble
ST Enggy
Suntecreits

X'mas Rally?

US market almost half day now, it's very bullish. Below are the bullish set up for sg market, a BIG WISH to all of you can get a X'mas gift tomorrow. With their sppt.

Sembcorp 3.5
Suntec 1.23
SGX 7.92~7.84
DBS 14.55
OCBC: ascending triangle
Yanlord 2.2

PEC

PEC has moving to its major support area at 64c to 65.5c area. I'm looking to enter a long position at this area.

Market Into Holiday Season

Moving forward into Xmas and New Year, among three US indices, two of them are directionless now, let's take a look at their ETFs respectively.

Nasdaq ETF QQQQ is the strongest one among the three, forming ana ascending triangle now.


Both Dow and S&P 500 ETFs DIA and SPY are kinda of sideway action, in a range bound.

Sembcorp

Sembcorp appears as a nice good long Candidate.
(Live chart, click to enlarge)

Charlie Bit My Figure...

Watch this funniest video and have a nice weekend!

Most Favorite Video of The Year

Market Retraced

STI is facing dowside correction in the short term, after hit a new yearly high yesterday. The immediate major support area is from 2770~2780. The uptrend is still well shaped.



I'm considering it's still a retracement, though Dow Jones was down 132.86 point,the immediate support is 10275, the tinted oval area would provide major support to Dow.

Commodities Are Ready To Fly

I've seen many commodities stocks are set up for moving higher:

Wilmar
Olam
First resources
Noble
IndoAgri

StraitsAsia

Today, straitsasia hit a new yearly high, it occurs to me it just kicked out the door to move higher. cool.

Case Study: Genting

Genting forming a beautiful text-book example for symmetric triangle breakout.

Timeframe: 2~3 mth
prior trend: up
Volume: diminishing towards apex
breakout: high volume and 2/3 rule
Price target projection: 1.27

StraitsAsia and Genting

StraitsAsia is breaking out its major resistance 2.3, it has plenty room to upside if the breakout confirmed.

Genting is breaking out from its ascending triangle now.

oops...I'm unable to upload pic right now.

STI

Straits Times Index was unable to break its short term resistance 2800 in past ten days attempts, and facing selling pressure now. The immediate support and resistancelevel I'm watching are:

S= 2780
R= 2800,

The uptrend is still intact nicely for STI.

Put Your Faith Into Charts

In my opinion, those who never trust chart doesn't make a penny out of it. You can read reports, you can listen to advices, you can have "insider" news, you may have a lot of stories to support you either to buy it or sell it...but guess what, non of them can compete with charts. Charts record every real market actions sincerely where the rest are just stories.

If one can't make money by reading charts, is not because chart is useless but one does't really know how to use it. It may be some of it, part of it but not full of it. Most of the indicators will give you conflict signals if put all of them in one chart, What I found through long time experiences are:

1. Most of divergence signal don't work very well.
2. Breakout often fails.
3. Moving Averages don't work very well in sideway market.
4. Hammer is very good on reversal point.
5. T.A doesn't work very well in cheap stocks.
6. Contra won't make you money in long run.
7. Money Management is the key to success.

Long Candidates updates

Gooooood monday morning!

Currently Straits Times seems stuck at 2800 level( short term Resistance), if it does breakout and continue move higher, here's long candidates I'm watching:

Swiber
NOL
Midas
UOL( bullish flag)
F&N
Hobee
Ramba
SC Global
SGX
Wingtai

I'll post follow-up posts later.

Long Candidates

Long candidates with support level:

Hobee: 1.45
creative: 6.0
yanlord: 2.25
F&N: 4.0
midas: .885
Citydev:10.5
Straitsasia: 2.1
Olam:2.6
Kepcorp:8.2
Sembmar: 3.54

Stocks At Support

Below are stocks that at support levels offering good long opportunity once rebound( with support price):

Goodpack 1.08
Allgreen 1.12
Ascendasreit 1.88
CapitaMall 1.7
SC global 1.5
ST Engg 3.12
suntec 1.26

Definitive Break In the EUR

There is no need to guess or wiggle your trendline, the EUR/USD has absolutely broken its long-standing trendline which has been the principle reason support the whole year 2009 rally. It's disconcerting that the stocks are not breaking down at anything like this rate--the uptrend is nice, but I'm sure it will catch up in due time.

I'm more bearish on the impact to US market other than Singapore and other asian markets such as SSE and HKSE. If funds are flowing into Asia, then it's logical they-the "ang mo" market will down and we will up right? But since everyone is looking at US market for the sign of economic recovery, and the closely intermarket corelation, it's impossible for our tiny Singapore market stay outside. So my question left is to which extent we will be affected.

Few Lottery Play

I haven't post Lottery Plays for quite long time. My old readers should be familiar with what I mean by "Lottory Play"-- they are typically cheap in price(<50c), high risk, very volatile, a lot of speculation. Below are lottery plays with their support level:

Asia Tiger 0.345
China Kunda 0.245
China Animal Healthcare 0.19
Li heng 0.22
ChinaMilk 0.275
China Eratat 0.19
China Farm(nice uptrend) 0.275
ChinaTaisan 0.165
ChinaEnergy 0.21
ChinaEssen 0.25
Frasers Comm Trust 0.135
SeeHS 0.245
Sino construction 0.145
Synear 0.28
Wee Hur 0.44
YongNam 0.245

Uptrend is Still Intact, Short Term Profit Taking Expected

Our STI looks stronger as compare to US indices, it forming a big upward channel, we are now at the upper channel. Profit taking is expected in short term.


Dow Jones chart still a nice uptrend, a simple way to look at is: look at the four MAs stacked nicely from 20,50 and 100 to 200MAs.


The market benchmark SPX is under some downward pressure now, it was resisted by 50% Fib retracement. The tinted area is the immediate support area I'm looking at.

The Global Funds Flow

I never buy a newspaper, unless they are Free... Below is today's MyPaper Report.
(Click to enlarge)

SGX Uptrending Stocks Update

Below are SGX Uptrend Stocks that I just updated in my watchlist:

CapitaComm
Noble Grp
Olam
SuntecReit
SIA Engg
Parkway
PARKWAYLIFE REIT
CDL HTrust
HKLand US$
HL Asia
CWT
Biosensors
Ascendasreit
AscottREIT
ST Engg
ARA ASSET MANAGEMENT LIMITED
KepCorp
UOL
SembCorp

The Santa Claus Rally Period

We are into Santa Claus Rally period--historically.

STI uptrend looks decent, it stood nicely above the long term congested area( tinted color), I'm watching those rebounding from their support or at support stocks for potential long opportunity.

USD and S&P 500

Big pop means no drop? This was what happended on last Fri: USD a big pop up. The $USD breakout its 50dma and downtrend line. rose 1.28 or 1.7%



So what's the deal with the dollar? Are the Japanese in the process of devaluing the Yen and strengthening the dollar? The YEN (FXY) dropped a whopping 2.54% as the US Dollar climbed 1.44%. The euro (FXE) dropped 1.52%.


The markets have been moving opposite to the US dollar, but last Friday the S&P500 showed resilience when the dollar rocketed up to touch the 50 day average. Perhaps traders are holding on anticipating a Santa Claus rally.

T.G.I.F

Thank God It's Friday.

This week STI has been up by 46 points or 1.7%,(today no count) it hit a new yearly high yesterday at 2808.18, December historically good for stocks, I wish all readers here get some xtra money for a nice Xmas.

I'm going to take some money off the table today. STI is at its upper channel, any retracement to its support level will be hunting opportunity for bulls. The bulls seem very defensive to go down-- support lines are very strong make bears difficult to crash it. Anyway, the immediate major one support is 2733 thereabouts. To the upside, it seems plenty of rooms...

New Long Ideas

Couple of notable things for today:

1. US Unemployment claims before market open tonight at 9.30pm
2. ISM Non-Manufacturing PMI tonight 11pm

These two data surely will affect investors sentiment.

okie, as for Singapore market, I'm seeing the 2nd tier stocks started to move now, after the blue chips ran up in front. Below are the stocks have POTENTIAL to move higher. By potential I mean they have to really move up cross their resistance to trigger my long signal. No reckless entry right market open. I always wait for confirmation.

Remember: wait for confirmation then entry.
(Click pic to enlarge)

UOL

This stock breaking out its long term trading
(since may) range 3.63 now. and much promising to fly higher.

Long Candidates

The market is obviously bullish, I see many blue chips are ready to fly, DBS,UOB and OCBC showing good long signal, and below are the stocks I will pay more attention to:

ST Engg: Super nice uptrending stocks, all time favorite. long if break 3.2


Tiongwoon: was sell off heavily for the past two month, seems hit bottom at 0.57, with a bullish harami.


SGX: a nice mornign star at support level 7.85, target 8.15


NOL: rebounding from its 200dma, with major support at 1.51

Stocks at Major Support level

Hyflux: rebounding from major support 3.05


Creative: 5.8 support


Yanlord: 2.18 major support


SGX: 7.84 major support



Capitaland: major support $4.

Kepcorp

Watch out the tinted area for support, further downside if it broke below it.

EZRA

The tinted area and the uptrend line at 1.97 is a major support level to be watched for EZRA.

What Shall We Do After Dubai World Crisis?

I Never be so impressive with a public holiday like last Friday, why? All markets dropped panically right after Dubai World crisis announced but not STI -- we are closed for holiday! What a blessed day.

Okie, the situation seems contained and not that as bad as we could think, at least by now. I'm a chart person, I only trust the chart. What does the chart telling me? Again, it's too early to conclude market will be back to bear from now. The uptrend is still intact. I'd rather prefer to treat it as a retracement or correction in a uptrend, for any drop, and watching the support levels, I'll change my view unless the trend change, i.e. support levels broken and we got a lower high and lower low.

Today is the last day of the month, it's important to see how STI close for today. so far it's a bullish candle on monthly chart. 2700 is the major support level I'm watching. On weekly chart, last week was a shooting star which indicate a possible retracement coming. Again, The uptrend is still intact.

Still Nice Look to Long

Sembmar breaking out Symmetric triangle