Window Dressing or Set For a Bounce?

I've seen all blue chips turned green from red during market close. last day window dressing or set for a bounce off tmr? look out for those stocks at support level for potential long tmr. i'll do a post tonight or early tmr... bye

Miss Singapore

I received this news about Miss Singapore 2009.



and I was told will be very "Sua Gu" if don't know this since it's so hot in local news nowadays... i just read it since market sooooo...boring.

Full Story here

Wake Me When It's Over

When You Wake Up?

STI has been consolidated in a tight range from 2622-2700 for five weeks already. he 's in silent mode... 鲁迅说过，不是在沉默中爆发，就是在沉默中死亡. What i am feeling is it probably will have one final final push higher to 2730 then quickly drop...

I've seen my darling counters is going to wake up soon, I have not been touching them for quite some time already. Do Watch out then today and tomorrow:

CityDev
Capitaland
DBS

Few Long Candidates

ST engg at its major support 2.68 currently. It looks much more room to upside.

ChinaNtown

ChinaNtwon Symmetric Triangle Breakout with High vol

STI's Big Barrier

Stocks Are Set For Rebound

Stocks with support level price:

SIA Engg: 2.57
SMRT: 1.66
ST Engg:2.65
Tat Hong: 1.05
F&N: 3.89

Morning note

Continue watchout STI resitance level 2700, It's expected to have a final final push higher.

Stocks to watchout(upside bias):

ChinaXLX
Allgreen
ChinaMilk

Last Post Of The Week

I'm inside Changi airport writing this last post of the week, it's just cool to stay in Singapore, if you are a kinda of person can't live without internet, just like me. You can access free internet wireless@SG almost anywhere. I will be back on sunday night only, so probably there will be fewer posts and far in between.

Ehjoy your weekend! Formular one is 2nd time in singapore but I still have yet watch it. Just miss it. Bye.

When You Are Wrong, You Run. Don't Walk.

But which one is attacking? Does it matter?

Watch Sinomem

Sinomem: forming ascending triangle 0.67 resistance

Watchlist

Hiap Seng Just breakout its resistance.

below are the stocks at/near their major support levels( with support price):

HL Finance 2.71+ 20wma
Swiber: 0.925
SIA Engg: 2.58 horizontal suipport+20wma
ST engg: 2.69
SPH: 3.66
SMRT: 1.66

Buy on Rumors, Sell on News

US market closed lower after FOMC announcement, which says economic is continuing improving. Despite the upbeat news, US major indices hit its one yr intra-day high and tumbled. A typical buy on rumors and sell on news action...Read full report here Stocks may retrace...watchout for support levels.

CASE Study

I'm having this counter, it's slow but looks more to the upside. SATSvcs support level 38.2% with bullish reversal candle.

STI Resistance @2700

STI attempting break 2700 resistance today

Morning note

ST engg strong support 2.7
midas

Thank You, Appreciate Your Support

Many of you have signed up trading account with me after I became a broker,( read here for why I decided to become a broker), truly appreciate for your strong support.

Here's my commitment for you guys:

1. Weekly market update send to your email, including stocks set up
2. Live stock alert through email or mobile
3. Personal coaching
4. Monthly performance review for active traders

er...anything more I can help you? Thanks.

Stocks to watchout

1st resources
Goodpack
midas
Epure
Capitaland

first resources support moving up

Morning Notes

STI near resistance 2700, stocks to watchout for upside move:

SIA Engg
KS energy
SMRT
Smebmar
Epure

Hongguo

STI @ Resistance level

STI hit its major resistance 2700 this morning and retraced. Market quiet today with 6 points up by now, but few blue chip such as DBS, wilmar, kepcorp looks very bullish to me.

Note

mermaid
SMRT
ECS

A Big WoW....

Congratulation to those bought PEC and Uni-Asia! Never think it becomes one of the star stocks today, as mentioned one post back. What I really feel is this: It's pure technical and charting matters.

Uni-Asia one day up 13.3% , anyone?

Miss Singapore? Hot?

Newly Miss Singapore Ris Low was criticized for her "non-standard" Singlish, how to pronounce red, bikini, prints and other words spoke by her correctly?

Maybe her pronunciation really can't stand for Singapore standard, but should be better than mine...Don't really care LAH, as long I can trade well and make money out of it. LOL... just for fun.

Long Candidates

Here's the stocks I picked during my tutorial session just now, upward bias, draw your their support levels your own pls:

Starhill
Innotek
CapitaMall
Allgreen
C20
ChinaMilk
PEC
Uniasia

Bullish Reversal
Hiap- Seng
Rotary
Sinomem

China Hongx

This stock was picked by dear reader aw, and it looks a good pick. Watchout 21cents for support to be validated.

Stocks To Watchout...

Just completed my two days teaching, another great sharing session. Opportunities are always out there, can you see it?

I will just list down the stocks I included into my watch list, with support levels:

ChinaMilk @53c
Epure @61c
China XLX
SPH @3.88(Resistance)
UOL @3.71(Resistance)
F&N @4.17( resistance/ ascending Triangle)
Fortune Reit HK$ @3.69
Hi-p @72c(resistance)

Starhill @55.5c( Resistance/ Ascending Triangle)

STI@ 2700 (Resistance)!!

"Small Profit In Longevity"...

Since I can't do much with Singapore stocks for a week, so I did more on US stocks and options. here are my current holding positions( all long positions except vertical options):



I'd say my trading style and money management skills have been evolved and improved a lot over the time, by taking a lot of mistakes and hash frustrations. What's become clearer and clearer to me is this: Most professional traders do not aim to earn a lot per trade but small profit in longevity. A little bit here, a little bit and a little bit...accumulate over the time and become huge eventually.Because of the compound effect.

I don't aim big, I aim to win.

I'm A Broker Now

It's very uncomfortable to me as I have no account to trade for a week--- I must close all my trading accounts because I joined Kim Eng as a broker,and my staff account in Kim Eng can only be ready by next week. Sigh...

Yes, I'm a broker now. The reasons why I choose to be a broker:

1. I don't want to trade alone, it make me feel lonely. I feel that it doesn't actually make me happier even I making money out of it.

2. "No matter how much money you make, your day won't be complete if you didn't make a contribution". How true it is, Human being are ultimately social lives. I want to contribute more to the society. sounds big but it is. Does not matter how much I can contribute but the action.

3. I can learn more by go "inside" into the trading industry. In fact I already learnt a lot of stock market mechanism during my one month training. that's great.

4. It's good to help others while get extra income.

5. I can get cheaper commission rate for my trading.

6. Many great traders are once a broker. It's what I got from books.

7. It's my initial objective, when the time I decided to took my BSc. Banking and Finance course.

Err...I guess that's all. I work because I want to, not because I have to.

Oh...Come On, A Big Shoot!

Market is more like dancing a Lunba-- three steps forward, two steps backward, as it approaching a near term resistance.It has to clear the 50% fibo level in order to move further up to the level 2750, which I think it's a much more serious resistance.

Bulls Come Back!

Property is the strongest sector among all to the run up. Citydev, all green, kepland etc..all are running up. Citydev breakout from its major resistance now.

US Penny Stock List

Well, after completed Singapore cheap stock list (click here) few posts back.In this post I have US penny stocks for you, the characteristics of US penny are the same as what I wrote for Singapore cheap stocks, they are typically below US$10, that really meant to be "penny" as compare to many stocks above 100 in the vast market, aren't they?

Few Long Candidates

Good morning Everyone!

Here are few of chart formation breakout play:

K- Reit
Starhill
Sc global
Hyflux Water Trust

Hi-P

Hi-P 72.5 cents major resistance on weekly chart. Current trend is up, and forming kinda of ascending triangle. and also, 200weekly MA is juz above it. I would like to see a white candle close above 73cents on weekly chart for potential long.

Short Candidates

A quick morning notes here:

Short:

Ausgroup: shooting star

EZRA: 38.2% fib resis+ doji

Tiong woon: resist 79.5c

Wilmar

Singapore Cheap Stocks List

Hi All,

Cheap stocks become hot everyday, they are "diamond in the rough", if you have bought a CORRECT cheap stock, it can give you 10% gain within a day or two easily, but not all cheap stocks can become a "diamond", most of them are "stone" forever. How to find these "diamond"? I spent almost a whole day to screen and create this cheap stock list for your reference, but I am sure not all potential "diamond" have been included into the list. I hope it can give you some clues... Anyway,I will probably update it from time to time, share with me if you found a good stock. Well, the "cheap" stocks in my list are typically:-

1. Price from 20cents to $2
2. Minimum Average vol is 500,000 over past 50 days
3. Average True Range(ATR) is at least 2 cents (i.e at least 10% move for a 20c stock)
4. Highly speculative
5. Good for short term momentum trading(2days to 2 weeks max)
6. Clean chart where T.A can be applied( This is critical)

ARA ASSET MANAGEMENT LIMITED
AscottREIT
AusGroup
BanyanTree
Biosensors
Broadway
C2O Hldg
CapitaRChina
CDL HTrust
CH Offshore
China XLX
ChinaAOil
ChinaMilk
CSE Global
Epure
EZION HOLDINGS LIMITED
Ezra
FIRST RESOURCES LIMITED
GENTING SINGAPORE PLC
Golden Agri
GuocoLeisure
Hiap Hoe
Hiap Seng
Hi-P
HongFok
IndoAgri
InnoTek
MERMAID MARITIME PUBLIC CO LTD
Noble Grp
Rotary
SINOTEL TECHNOLOGIES LTD.
Swiber
Swissco
TiongWoon
Yangzijiang

You may put it inside your watchlist and scan it everyday. Email me to request the file for your ChartNexus software and the idea to scan it. You may find my email contact from my profile, Click Here.