Decent Uptrend For STI and HSI

The Wonder...ful Roller-Coasting SPX

Unlike the STI and HSI, the boring SPX just drive me nuts! one day up and the next day down, you could be easily slap left and right. To fire it, I'm still holding my call/long positions include BA, BKD, CPWR and SPY, set out the stop loss points, let them deicide themselves, die or live. My GS was already kicked out--it's just too volatile, lucky BA still looks decent.

CityDev Update

I sold dear CityDev on Fri @9.5, in view that it already hit its resistance and have been sold down to formed a long upper shadow, which looks uncomfortable to me. If i was not greedy I could sell even higher price at close to its resistance which is almost 40cents difference from the price I actually sold. well...lesson learnt: Do respect major resistance level.

Anyway, CityDev is a good example or i prefer call it template for many recent soaring counters: Classical Pennant Pattern breakout,typical short term trend continuation pattern. Now you should know why I bought it. Do take note of this patterns friend. History will repeat itself.

CityDev

Entered CityDev Long position @8.33 with stop loss 8.09

Few Breakout Plays For Today

Swiber: target @1.32
Ezra: Target @1.69
Jaya: Target @0.72
YangZijiang: Resistance 0.765 broken
CDL Trust: Not yet breakout








Have a nice day!

How To Use Different Types of Orders

Think it would be useful for some of you, just keep it here for reference. You can get it out anytime by go to "Order Type" under "Label"

1. Market Order

A market order is an order to buy or sell a stock at the current market price. Unless you specify otherwise, your broker will enter your order as a market order.

2. Limit Orders

To avoid buying or selling a stock at a price higher or lower than you wanted, you need to place a limit order rather than a market order. A limit order is an order to buy or sell a security at a specific price. A buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher. When you place a market order, you can't control the price at which your order will be filled.

Remember that your limit order may never be executed because the market price may quickly surpass your limit before your order can be filled. But by using a limit order you also protect yourself from buying the stock at too high a price.

3. Stop Order

A stop order is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the specified price is reached, your stop order becomes a market order.

Buy Stop Order — Investors typically use a stop order when buying stock to limit a loss or protect a profit on short sales. The order is entered at a stop price that is always above the current market price.

Sell Stop Order — A sell stop order helps investors to avoid further losses or to protect a profit that exists if a stock price continues to drop. A stop order to sell is always placed below the current market price.

4. Stop-Limit Order

A stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order. Once the stop price is reached, the stop-limit order becomes a limit order to buy or to sell at a specified price.

5. Day Orders

Unless you give your broker specific instructions to the contrary, orders to buy or sell a stock are "day orders," meaning they are good only during that trading day.

6. Good-Til-Cancelled Order

Unlike day orders, a good-til-cancelled (GTC) order is an order to buy or sell a security at a specific or limit price that lasts until the order is completed or cancelled. A GTC order will not be executed until the limit price has been reached, regardless of how many days or weeks it might take.

7. One-Cancels-the-Other Order or OCO

An order stipulating that if one part of the order is executed, then the other part is automatically canceled.

China Stock Market

For those of you who has the privilege to trade China market, here's a good news. The newer version of CNX will have Shanghai and Shenzhen stock exchange data, release soon... it quite surprised me the Chinese stock charts looks quite similar to US stocks-- they really can move huge once take off. Gee!!



Here are the very 1st dishes for you:

Stocks Are at Resistance

The 3rd list at this moment is the few stocks at resistance but inclined to break soon. Maybe or may not, let see. You may interest to play breakout strategy here if it does take-over.





Think it's enough for now? I wish you have a great week ahead!

Long candidates 2/2

And many of the long-time-no-see, ever very hot stocks caught my eyes, most of them are already flying high, here's few you might not want to miss again:

Long Candidates 1/2

Good morning everyone, The STI charts and some of the component stocks just make me a bit boring,with no clear direction. Nevertheless,I found some cool stocks at support level and are tempted to climb higher. Here you have it:

Is Mr. Bear Taking Over Now?

Yesterday may be the turning point for bears. on the SPY chart(it's the ETF for S&P 500, my favorite counter for short term trading, click here to learn more)a nice retest on 20th May to its broken uptrendline( blueline) and turned down immediately. I can feel that fierce selling pressure, because my whole account from +ve four digits became 3 digits that fast, never go back again and went down further more. It was frustrating. phew... !

And today it opened gap down, out of its price channel, until now(00:53 hours) it still no any signs of strength to push back. -ve $1.4 @$89. Next important support is the $88, Mr. bears can open champagne if it drop below it.



And below is the weekly live chart of VIX, which is always inverses to SPY, is at the support level with a nice hammer now, if it does go up from here, market will come down.

The Rigorous Oversight at the Federal Reserve

Hi all, watch the whole video please. honest.

Q&A Time

This Ezion is just phenomenal, it soared fourfold within two month time from 10cents to almost 50cents. That's the saying: Bears are making money, bulls are making money, pigs are slaughtered. There are many ways to make money, take action is the key. I'm clueless about this company, who cares. It's next resistance is at 50cents which is its gap and also 38.2% Fibo level, watchout it if you got this position but i'll give it a miss since I didn't buy it earlier.



As for Olam, yes AW. $2.0 is its resistance, let see whether it can go up further. Have a great day!

Is this Rally Sustainable?

So far so good, the SPX seems get new strength for a rally, it well capped within the up price channel. It's just great.




Bed time, good night!

O...Lam Again

It's not so often to see the kind of nice chart where it seems you have eveything in your favor. Olam looks just so nice.

The Mighty DBS

My friends,

I hope you already had few positions by following the support and resistance levels few posts back. If not, i guess you still can find chance to get in by going through the charts mentioned here, though some are bounced away from these levels. Some of the retracement levels are perfectly matched. It made me excited not because of the accurate prediction but how amazing the market react to these important levels.

The DBS was just hit $11 and reversed its head upwards immediately, ahead of all. Astonished move. cool.

YangZiJiang

Here's another nice hit and reverse chart. If you are looking for support levels, may refer here:Watchout For Retracement Levels(Support)

Important Test @878

Victory! It's been long time since I have been able to write this but last night was just great. Just cover my DBS short at 11.02 this morning too.

For the benchmark SPX, We are at a crucial point. However, I would be surprised if market didn't rebound somewhat at this point. So 878 is the the key point for bears.

CAO at Resistance

Approaching its 50% Fib level. Watch out see it can breakout. My Eyelids are knocking to off...night!

What a miss! MIDAS

Here's interesting counter--Midas mentioned by QZ.

It had an amazing +ve 20.5% stunning gain today, when STI struggling hard got only +ve 0.56%. Thanks QZ for your comment. I wish you could tell me earlier when it hit 0.55 support =)( I mentioned it on 8th May, here). It's ok. it's normal.

The game plan for now is: (a) If you already had the position, continue hold, it quite promising to climb higher. (b) If you missed it, just give it a miss, wait for it to retrace and test the support. Good luck!

Stocks at Resistance

Stock trading near resistance level:

Wilmar 4.26
F&N 3.39

Watchout For Retracement Levels(Support)

Below are the stocks with support levels I'm watching out:

KepCorp 6.5, 6.0
CityDev 7.5
Olam 1.73
SembCorp 3, 2.80

KepLand 2.0
SpLand 3.8
SPC 4.1
ST Enggy 2.26

UOB 13.9
OCBC 6.6
Olam 1.85, 1.76

Q & A--NOL

NOL today retraced to its 200daily moving average at $1.49 due to profit taken, after last week stunning 22.3% gain. It already formed a nice uptrend since the rebounce from Mar low, the first defence will be at 1.34 support if it continue pull back, then the major support is at 1.24, this is the key point to keep the uptrend intact. Whereas the major resistance is at 1.7 if the uptrend resumed after its retracement.



So key point to watch out: 1st support =1.34, major support=1.24, major resistance=1.7

DBS at Immediate Top

The almost non-stop soaring eventually bring DBS to its congestion area which at 12.63 thereabouts. The expected price action already taken place at this major resistance.

Hang Seng Index

Look at Hang Seng Index chart, it had a nice double bottom breakout last week, a price projection would send HSI to 20,400 eventually. Here I have figured out its possible path if everything goes MY way=) let see will it pull back to test its support in coming week or two.

A Review of Midas Chart

just a check through the chart of Midas again which was posted two post back, I found it quite amazing of the fibonnaci retracement level, the 38.2% level is at 0.647, and yesterday it's highest price is 0.65, touched and turned down immediately. Cool.

Choice of Trading Platform

Here are my choice of trading platform:

1. US stocks and options. Try Thinkorswim, click here. This one is the best of the best platform, the rest are all sucks! though they don't pay me a penny for advertising for them. you can trade futures, FX too using the platform, but FX isn't that great, (this is quite sometime ago, i didn't trade FX for long time but their FX platform improved quite a lot)

2. Forex. Try IBFX, click here. You should use this one if you are trading on FX only. User-friendly, minimum spread, fast execution.

3. For local stock. I'm using CMC marketmake. But compare to US platform, this one sucks. recently it constantly hang, slow loading, the awful bid- offer price chart. The reason why i'm switching from Poems to CMC is because poems don't have stop-loss function, only stop-limit which is not what i want. nonetheless I'm using cmc a lot to trade HSI index mainly for intra-day. Tell me if you have a better one.thanks.

I have found out the setting for "comment" section, now it's much easier for you all to post on the comment section, do not need any account or registration, just key in your name and the verification code will do. Just try out=)

Bank Pressure Test Result Coming Out

The long expected US 18 banks pressure test results will be release by 5am(sg) we shall see some sharp movement tomorrow. Dow is -ve 100 point at 8411 now, "buy on news, sell on rumors" some knee jerk reaction was seen during early trading hours. i shall do a follow up post tomorrow. See ya=)

Midas

Midas broke its major resistance 0.55 today with 16.2% stunning gain, the volume is just huge! Support=0.55 Resistance= 0.647(38.2% Fibo), a pull back to the support will be a good opportunity to long.

US Stocks Watch List (below $10 )

As US stocks may interest to some of you, here you have it. These are typically relatively cheap stocks( below $10) but with good investing potential. Well , for US market,I'll trade stocks directly if they below $20 and trade stock options if they above it. Do note some of them already ran above $10 but still have potential to go up further.

Bulls are In Fully Conrol

After gone through the front-liner runner, they are surprisingly all set-up to run up further. They maybe pull back a bit but the major supports holding well. Watching out those retraced to major support for best entry opportunities. Just throw out some charts here for your thoughts:















I remembered couple of stocks that i mentioned in mar all run-up as said, see here.