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

Case Study

Ezra:currently trading its resistance level 2.05, as ascending triangle formation. target is 2.44 by projection.



Kepland: recently breakout from its major resistance(have been in a range trading for 5months and finally it breakout!), currently at a minor resistance 3.15, long either breakout this level or wait or it to retace back, 2.88 will be a great entry point IF it does came back.


FrasersCT: major Support 1.17 and also above its 50% fib level,I'm looking at 1.3~1.35 as its next target.

KepCorp

Nice breakout of triangle formation. Target= 9.22, also it's major resristave lelev.

Long candidate

Areit: Symmetric triandle, long if above 1.9
Hyflux: downtrend break, more room to upside
FrasersCT: rebounding from 1.17 ***
Yanlord: at major support 2.2
Olam: support 2.5
Wilmar: support 6.22
MacqIntInfra: breakout from 0.42 major support *****
K-reit:0.985 major support

KepCorp

IndoAgri

IndoAgri is attempting to crossover its major resistance 1.81 now.

SG Market Uptrending Stocks

I have a uptrending stocks list which I keep monitoring and updating constantly, below is the latest list( I may missed few counters, please write the counters you spot out under comment section, thank you!)

OCBC
DBS
UOB
kepland
Sembmar
Sembcorp

Ascendasreit
Ascottreit
Biosensors
CapitaComm
CDL Htrust
CWT
HKland US$
Hl asia
Hyflux
Noble
Parkway
Parkway life Reit
SIA Engg
ST Engg
SuntecReit

Few Remarkable Charts

EZRA forming an ascending triangle with a diminishing volume towards its apex. I'm looking for a breakout at 2.07 to go long


HL Asia


Capitaland is close to its major support $4 dollar, I'm looking for a turn around on it.

The Trend is Your Friend Until It Ends

Imagine in a war, the general is running in the most front but the soldiers are just not following, something is wrong right? It's either the general is too fast or the soldiers are too slow. This is what I feel for current market.

Especially for last couple of days. The STI is fueled by few bank counters and blue chips, and many 2nd liner and 3rd liners just aren't performing and even dropping.

It's a bit too early to conclude the up trend is end by now,in order for a trend to change, it has to go in this way-- daily trend changed then weekly then monthly trend change. As for STI, the uptrend is still intact in all time frame.

The SPX, Dow and STI are hit their major resistance, and showing some bearish reversal pattern, the dollar may find its short term support and bounce off. I will watch out those support level for the 1st sign of market direction. If the support levels hold then it's just a health retracement.

The Front Runners

The three banks which are running up firecely after breaking out from their three months range trading.

Below are the stocks which display the same pattern but just breakout from their three months trading range.

Sembcorp: breakout 3.5 major resistance
Citydev:is about to break resistance at 10.44
Parkway: breakout from its major resistance 2.65

Trend is Your Friend or Your End?

I'm still unable to upload any pictures here in my office( think it's restricted in some way), while at home it's fine. I'm still checking out on this,and I'll need to re-schedule my posting time if it still can't be work out by today, just bear with me for one more day if you are particularly kind of visual person, just like me.

STI occurs to me very fishy at this point of time, as it's eating away its 56 points gain three days ago. and coming back to its support level at around 2745 now. If it were continue retrace, the the gap between 2728~2735 happened four days ago is the possible support area. So the last two days of the week is very important-- it will determine how would the weekly candle looks alike. Any price below current level 2745 will make it a doji or shooting star, which is not a healthy sign.

On the other hand, it doesn't mean I won't go long at these point of time, I'm doing more swing trading -- two days to two weeks max. Pls stay out for the moment if you are a kind of long term investor -- I'm certainly not.

Have a nice day.

Go Venture

Long Candidate:

Venture is trading at major support level 8.8,

E:8.86
S:8.68
P:9.34

Profit Taking Undergoing

Good morning everyone, market is undergoing profit taking, watchout those uptrending stocks for a bounce from support level. I'll do a post in the afternoon.

Champagne Time For Bulls

It was a fabulous day for bulls. The bulls finally lift its heads up -- fiercely.

As for STI, it broke its upper channel yesterday, the trend is obviously to the upside, bulls won the battle. More upside room shall be seen as I said in few posts back. Next major resistance would be 60% fibo at around 2950.(I'm still unable to upload chart here due to blog java issue)

Stocks are running in tiers -- there are stocks run first and stocks run later. Here are few long candidates are much promising to climb higher.

Ezra: Ascedning triangle, 2.05 support.
Wingtai: enter if break 1.72, tgt= 2.0
F&N: down trendline broken, tgt= 4.15
SC Global: 20wma support tggt 1.9
IndoAgri: tgt 2.0 if breakout 1.81 major resistance.
Venture: 8.8 major support tgt 9.6
Straitsasia: support 2.1 tgt=2.7

SG market

Good Morning!

US market is up on Friday, it simplly no follow through for any drop--one day or two down and was immediately push up again. and this week is the Option Expiration week again -- bulls' dream, bears' nightmare - OPX week typically has an upside bias. I will do more US market in another post.

As for STI, nothing has changed, as said few posts back,STI in a nice uptrend channel, it firmly stand above 2700 last week. A one day pull back was followed by a immediately push up. Currently STI:
1. Just hit its 200weekly MA,(resistance)
2. stand on top of its 50% fibo(support)

The immediately level I'm watching is 2750 as target. It seems STI will continue its sideway action with bias to upside.( blog having issue with uploading pic at this moment, I'll upload pic later).

As for individual stocks, here are the bullish set ups I'm watching at:

SC global
Olam: 2.5 as support
Capitaland: 4.0 major support
KS energy: 1.03 major support

NOL

NOL broke its major support 1.62 on 30th Oct and a nice pull back and retest this level is done on yesterday, I'm looking at short side if it take over yesterday low.

Market Down, Take Your Profit and Run

Dow Hit its 50% Fibonacci resistance and upper channel line last night, retraced, it's a very nice bearish reversal pattern. The odds is to the bear in short term, I'm looking at the short side. The downturn would be confirmed if the bottom channel support line broke.

(Click to enlarge)



STI displays the same pattern as Dow. Refer to two posts back HERE

Wilmar

Wilmar looks very interesting to me, I'm seeing how it react to the news. So the light yellow tinted congestion area is the support I'm watching.

Preference Share

The guestes aren't contributing, and I'm burned out now. Sometimes you may see kind of funny symbol among the stocks counters. Such as this one: "OCBC Bk 5.1%NCPS 100"

They are preference shares, take the abovementioned as an example, OCBC Bk NCPS 5.1% 100. The trading symbol itself can reveal a lot of details. OCBC Bk simply stands for OCBC Bank while NCPS stands for non-cumulative and non-convertible preference shares. non-cumulative means the dividends that were not declared and not paid in the previous financial year will not be accumulated to the next financial year while non-convertible means there is no option for the preference shareholders to convert their preference shares to ordinary shares. The 100 at the end of the trading symbol means that the lot size is 100 shares i.e. 1 lot is equal to 100 shares as compared to the usual lot size of 1 lot is equal to 1000 shares.

I have attached the brochure for the preference shares below.



And here's the website you can read more: http://www.ocbc.com/global/investorrelations/Gco_Inv_PrefShareBond.shtm

STI Outlook

If you have the habit to check this blog every morning, I'm sorry for the late post as I've been busy around with some admin work for the whole morning. I got not much to say in the morning actually, since market already up-ed by so much, profit taking is expected( kind of hindsight to say it now, mkt down by 20points), STI hit its new high of 2745.33 since last Aug. I'm monitoring dozens of stocks closely and will certainly keep you updated( SMS for client only)

STI hit its upper price channel and retraced today. I'm remain bullish unless the lower channel support line is broken.

(Real time STI chart as at 3. 56pm, click to enlarge)

SingTel and CapitaRchina

Market is dominated by bulls. These two stocks recently has been retraced to its 200dma and set for a rebounce.

Recession Proofs and The Vulnerables

It becomes one of my major task to update this blog on daily basis nowadays, and on some days I really have to dig my head on what to write for you guys, the number of readers increased from 30 plus per day initially to current around 180 per day!


There are person out there really interest and read this blog regularly, I hope you enjoy in reading it and get something out of it. At the same time, I want to make it more effective dual communication here, so please feel free to email me your feedback(find my email contact on the right hand side under" profile") or give comments under comment section of each post. I'm able to receive live alert on each comment.

There are some stocks that really "recession" proofs, means to say they are less affected by market correction and in a nice uptrending in general, these are very good long candidatesv whenever they come back to their support level:

ST Engg
SIA Engg
Noble
Parkway Life Reits
Parkway
SPH
SuntecReits
CDl HTrust
CapitaComm
HKland

And there are stocks also underperform the market and far away below their highs, China Milk is one of the free-fall, dropped 50% already, gosh!

Long Candidates

Tens of promising longs set up, below are the candidates with their respective stops:

Olam: 2.5
Goodpack:1.12
Seroja:0.5

Banyantree: 0.779
Guocoland:1.84
KS Energy: 0.99
Sinomem: 0.46
Tiongwoon:0.675

The Banks is Back in Play

Look at the banks, they have much promising to continue climb higher.

Singapore Hamburger

STI continue its sideway action but bias to the upside, last week a lot of cheap stocks dropped like hell but blue cheap doesn't really drop, this is one of main reason why I prefer stay away from cheap stocks. On weekly chart, STI uptrend line is still well intact



on daily chart, it's perfectly sandwiched in between 20dma and 50dma. We are in the middle of the trend,

Weekly Update

I talked about the VIX one week back, it was rose above 30, and I expected it will continue climb higher, but it didn't happen, last week it came down from its 30s back 24, so it was just a spike market didn't follow through. The market isn't that bad, I will continue watch how does it form in the support area for VIX.



SPX:

The dominant trend for SPX is still up, last weekly candle looks bullish, it didn't follow through the prior big down bar, and bulls pushed back higher.



On daily chart, SPX is in the middle of the trend, rebounded from bottom, and curretnly is trending in between its 20dma and 50dma, a break above 50dma will give us a clearer uptrend for bulls.

Weekend Mixer

Long Candidate

Sintel recently drop about 18% from its high, now sitting above its 200dma, and 38.2%
fibo level. Downside is limited, good buy-and-hold candidate




I'm eyeing at Noble for a bounce,

Entry:2.57
Target: 2.75
stop loss: 2.47

USD Weaker, Market Hold

Here's my update for the dollar in few post back( click HERE), dollar become weaker a bit, the uptrendline for EUR/USD still hold by now( real time charts, click to see full image)


So market isn't as bad as we could think. Morning's data(US)Unemployment claim is much better than expected. Market is set for a bounce on open. I'll look for buying call on SPY and AAPL today.

Hold On Tight

Hyflux and Kepland

I've been holding these two stocks Hyflux and Kepland for more than two weeks time which I seldom do it. They look still in a good shape.( I closed hyflux yerterday on market close)

Stocks In Nice Uptrend

Noble is one of the stocks that still in a very nice uptrending, it has a bullish piercing yesteray :

Oversold Folks Set For a Rebounce

There are stocks caught in my radar which was oversold recently, and appeared bullish reversal pattern yesterday, below is their total down days with stop loss prices:

Falcon: 12days/0.7
NOL: 13d/1.49
Seroja: 11D/0.49
Sinomem: 10d/0.49
Straitsasia: oversold and sideway for 4 days/1.79, resistance 2.0

The rational I name it out here is: Stocks Never up or down in one straightline.

Wilmar at Different Timeframe

Daily chart shows Wilmar major support at 6.1 with bullish reversal candle.


Weekly chart shows Wilmar at its 20weekly MA so far, but on the safer side, it's good to watch it till the week end for confirmaion on weekly candle.

SPX Revist

SPX(S&P 500) intra day was up by 15.6 points then was selling down in the late part of the day. What it looks like in the daily chart is this, doji with long upper tails which just touched its broken trendline and retraced.

So its retested its up trendline( blue) which broke three days ago, now become resistance line. On the other hand, in overall, the uptrend in general is still in tact( look at the two square boxes, we still have a higher high, higher low) , and the up trendline since Aug( in red) still hods.

Conclusion: I will be watching 1029, it's bears world once it broken.

(Click pic to enlarge)

The Mentality Change

I have done a lot of contra trades for about a month, and last week is not a good week for me as my losses take over my profit. It's frustating and a wasting of time when you put effort on it yet get nothing out of it. Often it bounced the next day when I closed my position. Given current market situation--it basically going nowhere. so I diceded to give it a stop. No more contra trading.

In view of current market, I'm still in the bears camp. It may bounce for few days, I'll be watching those resistance levels for better entry points. Take a look at CapitaMall, the red tinted area looks a decent entery point for bears.

Nice uptrend stocks

These stocks seem are very little affected by market correction. They are still in a very nice shape of uptrending:

AscottREIT:


Guocoleisure:(retraced and supported by 20dma)


ST Engg:


Suntecreit:

Market Bounced and Aftermath( continued)

Now I think it's in the bouce stage, but more for US market. Singapore market may not follow through, why I think it in this way?

1. STI basically is in a very long sideway market now( for about three month time since August) but Dow is in a uptrend in general during same period.

2. We are ahead of US market in terms of the recovery speed( STI at its 50 monthly MA whereas Dow at its 20 monthly MA)

3. Asia market is much stronger as compare to US market. STI not only affected by US market but regional market such as China, HK also has big influence on it. Yesterday Shanghai got a big swing, from -60 from +80 plus.as a result, STI swing from -30 plus to -6 points, in change.

Below are the two countertrend play candidates for today:

SC global: target=1.52, stop loss=1.37
Straitsasia: target=2.0, stop loss= 1.79



and one denfensive stock set up for long side:
Comfort 1.5 support

Good luck!

CIT-- Another AIG or What?

I sat in front of my laptop as usual at 9.30pm today, it was market opening time but I started to nervous as prices don't move at all, is it the massive impact by CIT bankruptcy? nope..... day saving ended on Sunday, so the market will open one hour late at 10.30pm instead( SG time), I'm overreacted.

The 101 years old CIT died on Sunday. I immediately think of AIG, FRE, FNM.



It died, and US goverment paid for its intervention on saving it, it will continue pay for the rest. I think it's unsustainable for government to inject huge amount of money to save them. Market has its way.

Market Bounce and Aftermath

First, let's take a look at the "Fear Factor" VIX again, it bounced from as low as 20.1 eight days ago to as high as 31.59 on Friday, as explained few posts back, it inversely relates to market, and it means investors are in "Fear" of market if the numbers are above 30.



Second, let's take a look at the EUR/USD, friday may be a turning day as its long term major up trendline is about to break( it closed just beneath the line but let's wait for one more day for it to be confirmed),means the dollar has much promising set for a bounce.



Third, let's take a look at the S&P 500 index, Thursday pull-back was completed "Undo" by Friday's big down red candle.



So what's the possible aftermath?