Back In Action

Hi all, so happy I'm back. What make me nervous was this: I can't surf internet in the night for the past five days in my overseas residence,which is not i was told, and I'm holding few US call positions which really put me in danger, my hard-earned profit will be washed out if market against me. Luckily it's up. Thanks God!

I managed to short Citydev in the afternoon today, it looks just cracked down, the next target is 8.35. Market looks to me is on bearish side. Especially the financials. But on the otherhand, it's quite near to major support levels, again, some big correction is possible but not cracking Mar's Low yet--and this is why I'm relatively lightly positioned right now.

Have to prepare for US market now. I'll be back soon. See ya.

US Stock Watchlist

Below is the more "serious Tradable" stocks involving both long and short positions might be set up for coming days:

AAPL
AMZN
BA
BRCM
CAT
DO
FDX
FLR
FO
GME
JCP
JPM
KBH
MAN
TSO
WYNN

Please note I'm going to be on an airplane this morning(ya, it's morning now),and will be busy with training these days. So posts will be few and far between. Thanks.

Bingo Bingo Super Bingo...

After Gone throu dozens of "wrecks", below are some of the lottery plays with their stops. They are cheap, high-risk, long postions.

AGM 4.34 #
BC 3.76
FMCN 6.51
FMD 1.61 #
GAP 3.79
LEA 0.8
LEE 0.49
WNR 6.64
XIDE 2.86
ZQK 1.66 #
ARAY 6.49 #
CMZ 1.07 #
GLG 3.66
SYMX 0.98 #
XRM 0.93 #

Market Sentiment Has Changed

Knowing that SG market yesterday had 27(>$0.5 stocks) stocks jumpped gap-down, you will have a better understanding how market sentimental has changed -- People are panic selling their shares. The banking and mighty blue chips are leading the way down obviously. DBS, OCBC, CityDev, SGX, Wilmar, kepcorp all these stocks showing selling pressure, they are a pretty good basket of stocks to monitor closely for market sentiment.

To my opinion,the underlying sentiment has changed, even there is a bounce back( which I expected, let's face it-- market never be a straightline since it already downed so many days), if it unable to break above previous gap resistance level, then I'm switching to short side. The reason why I a bit hesitate to short sg market is because it's pretty stronger uptrending than US market, whereas i'm quite comfortable when shorting US stocks. I missed shorting profits in sg market, it's ok.

With the wholly-texted post, I shall end here for now.

Crucial Support Level

I closed my short term puts last night as FOMC meeting announcement is on tonight 2.15am(25th Jun SG time), there is just one number to keep in mind: 880 for SPX, if it breaks below it, the bears are in control. If the suppport hold, we are going to have a rebound, and particularly if it rebound back to its 900s, then the bulls are going to get a renewal sense of confidence.

I personnally think the failure of break above 950 on SPX in 1st half of June and then break below 920 bi-weekly support is seriously enough to give the bears some comfort. But, in FOMC days, market might really going to crazy, who knows how the market is going to react.

Bulls Are In Trouble

My AAPl was stopped out on last Fri, and due to the soften of commodities trend, I closed DDY too. This morning cityDev was up trying to break the defence of bears but failed badly after lunch. it's a good indication for CityDev to be a market vane nowadays.

Now i'm seriously consider the short side. Many supports are to be broken tomorrow. 'em holding FDX and GS puts. The bear stepped in finally.

Long CityDev

Long position with stop loss price:

CityDev 8.49

Long position

AAPL @137.5 stop loss =135.42
DDY @7.55 stop loss=7.42

SSE-- The Gorgeous Move

If you still remember my 1st China stock post about one month ago(check Here).I just took a re-vist to these stocks. one word i can say: It's gorgeous move. Unbelievable.

Lottery Picks

Stocks at/approaching Support Level

DRYS and DBC Look Like a Buy Here

The Weak Internal

Though Dow is only negative 30 and SPX negative 7.8 point, the market seems much weaker than that... I have closed my puts on DEll, MOS and LLL with 27.6%, 66.6% and 13.2% gain in just two days. I shouldn't ask for more...but I'm still a little bit regret(yup, still a little bit left) exit too early if look at the price for MOS now ...it dropped $1+ more, Jesus! well... I'm still holding my USG with paper profit 45.7%. I have to remind myself do not go back to market too soon...many times I gave back what I had just bcos of the impulse decision.

If I can follow my rules strictly, I'll be a much richer trader till now. After review my past losing trades... I was asking myself how can I did such silly trades?

Well, i better spend some time check for Singapore market for you guys. coming back soon...

What Time Is It Now?--It's Bears Time.

Another terrific day! This time round I'm in!

It's 0049am. Market continue to sink...I thought market would rebound a bit then tomorrow down. But it was just up a bit only on market open then failed to climb up further... Bulls are disappointed, they joined bears now. I'm heavily loaded on these puts--- DELL, LLL, MOS, USG. Some more for tomorrow.

Underexposed

It was terrific day for SG market yesterday and US market last nigh--for bears, but I was rather underexposed--I'm staying bit of cautious since we have had so many "one day wonders". The markets( both US and SG) are dropped to their support point, after today, the scene will become clearer.

Q & A-- Capitaland

Good morning!! a fresh new week ahead!

I think Capitaland finally comes to the important point now--a major resistance @ 4.15 on weekly chart, watch out this price. and U can observe the last two reversal Japanese Candlesticks really not a good sign for long, I'll go long only after it break above 4.15, otherwise, bias is to the downside.



P.S: Many other blue chips also display the same pattern on weekly chart.

More Stock Picks

Hello, I'll be pretty busy today...just throw out some charts here( bias long) for your reference. They are typically cheaper stocks( <$1 or so), near support.

Nice Breakout

Chartered is quite promising to breakout tomorrow.



Midas just brokeout with huge volume.


Olam is the one i sold out too early-- only after it happened. Hindsight is something everybody can talk. Why? bcos talk is cheap.

Long Candidates

Below is potential longs with stop loss:

mercator line 0.36
KepT&T 1.47
Biosensor 0.48
Capitaland 3.61
F&N 3.55
Kepcorp 6.69
Sembmar 2.8
StraitsAsia 1.62
CAO 1.15
WingTai 1.31

I'm Back

Hi all, sorry I was MIA( Missed In Action)for the past couple of days. I was having my 4 day intensive training then following by my professional certificate test.

By today,I passed my exam and everything settled. Great! I'm back in action now--- when market seems back together with me after gone through few days correction. Let's shoot it!

...Just want to share with you, my life target is to do investment fund management. I just started on my way towards it...I'm glad you( whoever out there viewing this blog) will witness this and grow together with me-- if trading is your passion too.

I'll be back pretty soon for the potential candidates. see ya!

Buying On Dip

Hi all, market is undergoing retracement currently. The overall trend is still up, just watchout the support level of your interested stocks, buy when they turn up. It's fishing time. Nice day ahead!

Long Candidates

Of these stocks. few of them are at resistance or just breakout, the rest are tempting to go higher.

Q&A-- Mercator Lines

This is the counter I somehow missed out, in fact I never notice it before. But it's a good one. Thanks kim. The business it doing seems more interesting to me-- India-based international dry bulk shipping. I immediately think of one of my favorite US counters: DryShips( Symbol:DRYS)

Anyway, it just hit its resistance 0.435 exactly today. I would rather prefer wait for it to retrace back a bit or if you are aggressive, play breakout tomorrow. just watch it.

The Turning Point

I have a word for today: Unbelievable. Since US market finally breakout its past FOUR week trading range (as of now Dow up +204.04 @8704), it's obviously super bullish. No matter what I said, market is what it is, it will go its way. My dear BA is just great, I got heavy call position on it. marvelous.

Today's Theme Song

Well, the big day here. I have good days and bad days, and today is just gorgeous.
(and, for once, My wish is virtually guaranteed come true):

Money Flowing Into Asian Market From US?

Just take a look at the huge divergence for Dow and S&P, I'm seriously doubt how far they can go up. Only Nasdaq seems to be a problem for bears, the rest are contained.

It's Over For GM

GM will file for bankruptcy protection tonight. If you invested just two month ago @$4 per share, it's zero today. yes, ZERO.

Watchout these levels