Long Candidates(Sg)

Below stocks are already in uptrend or forming uptrend with support levels. Whenever a pull back to the support level is your long opportunity.

CapitaRChina 0.69
SPC 2.67
Wilmar 3.2
Gen tin 0.49
Yanlor 0.955

phew...Think enough for today. 2.10am now, time for bed. hard working am I? Good night!

oh..whenever you want to get the list back faster, just go to right-hand side under label, look for "Long Candidates(Sg)".

Prepare for Glory( Bear)

Let's have two-way communication ok?!

Friends, I'm thinking damn hard how to get your feedback and opinion on this blog. Why?

1. I like to hear your opinion/question, definitely I don't want to speak to myself everyday...this is the reason why i stop so long time no blogging.

2. I'm really surprised out there there are someone visiting this blog( I see 78 unique visitors on the stats meter only today, after long time never blog! the not-blogging time was only 20 pax visitors on averge). So i guess I have something valuable to share with you, even it's only make your life a little bit easier or clear your little bit doubt or just chit chat anything.

And, I'm looking for the easy way to get a better interactive tool. however, i'm a dummy on the website design issues, after spend quite some time to put on the right handside widgets---feel damn tough already. Wondering is there anyone out there can help me on this. In the end, I found this popular tools called " Twitter" ..it's already put up on your top righthand side. Below are the ways to write your comments or get your questions up:

1. On the comment section, just click comment under each post. You need to register a google account if you don't have.

2. Follow my "Twitter" on the top right handside. You need to register too, just click "my twitter page" at the bottom of the twitterbox or click here . So that eveytime you will be updated for any position or updates from me. You can post you comment there too.

3. The ShoutMix chat box. no need register, you can leave a short msg there however,the space is small and it be pushed down by new messages.

These are the 3 ways for your action. I prefer you write under comment section for each question. it's clear, spacious and lasting. Twitter not bad too, just try it out, let me know you are out there!

Bank Stock under spotlight

I'm going through dozens of charts, and what surprised me is quite number of stocks are ALREADY in uptrend, looks pretty good (I'll do a seprate post for these stocks afterwards). and of course bank stocks are under spotlight amongst all, however, i'm confused... Take a look at below chart for OCBC:



The 4.9 resistance line was broke easily on Thursday with a pullback on Firday to the 4.9 again! it's resistance turn to support now.What looks suspicious is you see the light volume compare to the super heavy volume on breakout day, it's only half of it. em... If tomorrow the 4.9 level hold, it's more to upside.

UOB

UOB looks more bearish compare to OCBC, it closed below its support 10.52 on Friday with heavy volume, well...it also still got some room to move up till its major resistance @ $11. I guess it's likely retace and touch the gap support at 9.9~9.8, then rebound up to $11. like this good? any comments?



DBS

A "fine-tune" look into DBS again. With only a doji pause on wednesday which is at the resistance 8.4, Thurday it has a steady upday, Friday's pull back to 8.4 with slightly lighter volume. Again, if 8.4 hold then it's more to the upside. A break down will bring it to recent gap support level at 8.1 then 7.8 which is the major support.

Short candidate List 1

I'm updating some of the charts now... they are very nice! more coming up...

MapletreeLog



Hyflux



F&N I like this chart!



KepCorp



DBS



DBS is at its 61.8% Fibo retracement level now.

It's fishing time!

I'm seeing a lot of stocks have reversal signal for singapore market on Friday. But...(I hate to say this!) looks at Dow chart, it may continue up a bit--that's 300point till 8300. That's its major resistance.



If US up, our STI will have to follow. So if you are playing counter-trend trading, must set your stop loss point! nothing to be afraid other than that.

Err...I have to go, will write more later=)

Any trades for tomorrow?

No trades for non intraday trading. I'm enough for today...time for bed. Good night! I'll update tomorrow or during weekend, seeya.

The Great Barrier

Sorry dear blog, It has been long time i didn't take care of you. Because i'm lazy to write though I do glimpse you daily. Have to cultivate myself on this habbit. Well, what triggered me to write is because i saw the msg from aw on the right-hand side...Thank u. To answer your question " this mkt so confusing, don't know long or short", my reply: just standaside wait market and yourself clear=)

Ok, for the past 14 days or so, market rallied like hell, almost a straightline. Out of most of us' expectation. It's frustrating for shortist including myself and also hesitate to long as resistance level is on the head.

Evrytime I remind myself when market moves sharply this: Market never be a straightline up or down. It's testing shortist' patience. Bear in mind, it's still a bear market rally generally, it's news driven and March window dressing period, left few days for 1st quarter. We shall see a clearer picture next week.

Monitoring my US trades now,it's up 100 points @7850. I saw some weakness in the morning(US time), Dow still got a little bit room move upside to 8000 --- if it does move up. I feel more comfortable to trade US market, in fact my US acct perform much better than SG account. I think one of the reason is, US is leading Mkt, not affected by other mkts whereas Singapore market affected by various mkts and factors. nevertheless,it shouldn't be the excuses for my SG acct doesn't perform. As a techincal trader, I should be able to trade well regarless any markets. If I trade, must trade with conviction otherwise don't touch it. I find most of my losing trades are the results of didn't follow trading plan, entry time wrong, either too emotional or too ego on myself.

How high could we go?

Today's rally is very impressive for the blue chips. I prematurely closed out RafflesEdu this morning, due to the over-estimate of rebound.Stud action. certain stocks such as RafflesEdu, NOL seems condomned to down.

Below are couple of stocks I am watching out with the target price it may hit.

1. Capitaland 2.02
2. SGX 4.46
3. CityDev 4.75
4. SIA 10.3
5. SPC 2.5

This is certainly not a projection. and the time scale isn't meant to be accruate. My point is simply that, since it dropped sharply for the past 3 weeks, there is ample room for upside with little resistance. The US market should be around...err. S&P 800 and benearth 8000 for DOW.

The Final Rebound

Last night I have done seven new positions for US market:



Amongst the seven positions, i have 2 short positions only. One is AZO( veritical put spread) and another one is GLD-(gold ETF). The rest are all equities calls and longs. My assumptions are based on these a)Equity Up; b)Gold down. and both are going splendidly till now. I already closed all my positions with stunning profit. With AZO pull down my total profit.

This rebound would going to be the last rise before the ultimate fall--major down in the bear market.

Quiet morning session

Boring morning session. many saying Singapore market is just a tiny prawn and it's a follower after all markets. while..I would rather say it's small and nimble, often it anticipates the US market moving which is quite accruate. So when you confused why US market dropped like hell last night but why singapore market seems sleeping today? it's because yesterday STI already dropped a lot and the market already reflect all the information. so does who lead who?

Yesterday when i was doing my trade summary analysis from last Aug till now. well...a quite late summary analysis. I found out many of the positions that i shorted, if i hold until now..you knw what i'm trying to say. Often we say if i did this, if i did that...I would be much richer, much better. The questions is why we didn't do that?

What are there for us

I won't be surprised if tomorrow morning many stocks jump off the cliff. Below are some "food" for eat:








Hey folks, thank you for visiting my blog. good nite! good luck for you tomorrow!

Prawns are nice too if you know how to cook

You may observe that most of my counters are quite volatile--they are typically with ATR more than 10 cents. What i want to clarify is---It's just my trading style, it does not right, it does not wrong. You may got amazing profit too if you like to trade " small prawns" -- such as Midas,F&N, Hyflux etc..

My Top Winners --> The Top 3 Losers

It's 3.14am, it's unusual to stay till so late for me but today is special.

Dow -258@6621, SPX -28.63@684.12, mkt EXTREMLY bearsih. Sitting in front of my laptop, A quick summary while monitoring US market. i have a word for these trading days: fantastic. I have many good days but this one going to be the greatest for singapore market. It's not so often that you have 3 counters and they are all on the top list: cityDev, SIA, and venture. and they are on the top 10 losers today! wooo... cool bugers. here it is:

What i'm looking at now

Below are the potential shorts with resistance level:

SIA 10.0
CityDev 4.80
ST engg 2.34

Add on later if any more....market is opening in just minutes, good luck!

Patient Bear, Impatient Bull

I'm feel so "Out of touch" now after few days of absence in blog. Okay, a quick one:
1. The fear factor $VIX hit new high, and quite promising it will continue up -- means bears are in control.

2. The benchmark US $SPX lost its support-- no any support until 600,it's at 696.33 last night close.

So if you are short, stay in short.

Worse than the Great Depression?

Last day of Feb, Dow ending with hitting its 13 yrs low. looking at Dow, we have had 6 consecutive down months. During the Great Depression, do you know how many times there were 6 consecutive down months? ZERO. How about 5 consecutive down months during the G.D? ZERO. There were 4 consecutive down months twice, and 3 a few times. But Never 5+ consecutive down months. And here, we just completed 6 down months in a row, and honestly, I would surprised if March finished in the green, this would put us at 7 months in a row of Black Bars! Worse than the G.D??? Food for thought.

let me revisit wilmar first

Initially i was quite bullish on it, and expected the support will be hold at 2.8, but it was broken firmly on Wed--high volume plus long black candle. but just one day later, it was up by 16 cents on Friday with close at 2.88, top gainer of the day. Due to its shocking good earning result. This is the importance why we need to set stop loss. When you are wrong, you are protected.

Since it's up now, worth to monitor when it heads down.