Inflation as explained by an Economist

HK Land

HKland 7.19 now, poised for more upside move.

Straits Times Facing Resistance at 3218

 Straits Times has running up nicely over last three trading days, it 's approaching its key resistance level at 3218 now, some profit taking is expected at this level. Immediate resistance 3218, and support at 3191~2384 area.

Capitaland

Capitaland has ended its multi-months correction and finally moved to upside.

Gallant Venture

Nice run up for Gallant...phew.

Few Long Ideas

Today's fruitful day, I have made good profit on F&N, Manhatton and the commodities stocks. It means to say I actually closed some long positions as market run up. I try to force myself to take profit when the stock looks good and buy when stocks look weak. Well...It's really easier say than done. You know what I mean if you constantly do the opposite.

I'm continue to bullish on commodities, and the weak properties seem getting better also.

SGX break its downtrend and reversed up.

YangZijiang

YZJ set to move higher, real time chart below:

GoldenAgri

Goldenagri looks a nice long candidate:

Shanghai Index

Shanghai index chart looks nice for technical analysis, means to say all the techinical signals--support/resistance levels, fibonacci levels work perfectly confluence with each other.

The next support levels I'm watching out: 2750(50% retracement) and 2680( major support)

F&N

It's a great move for Manhatton as I posted in previous post. Now up 10c at 1.21. It's stunning especially when the whole market is listless.

I'm bullish on F&N, nice downtrend breakout as it does always, before moving up.

Manhatton Moving Up

Manhatton Real Time Chart below:

Merry Christmas

Market In Silent Mode

I'm a bit regret not taking a break go for my holiday...the market is really quiet. All technical signals will stop working when no one there to buy.


I have not much to say. Tomorrow half day, the market most likely will continue its standstill till holiday ends.

Few Long Candidates

He's been Joking Around...

We are Ready for a Bounce

Do you ever think these kind of events such as Christmas rally, January effect etc will have big impact on stock market? My answer is no, not much. Let's do this test, if you cover all the dates on your chart left only price candles sticks, will you be able to tell which day is holiday, when is when? No, the chart looks the same, they are up and down all the time.

STI finally came down touched its neckline, as we expected. But I'm looking for a rebounce rather than a break down at this point. I'm ready to load some longs if it goes my way.

Two Notable Charts

The Broad Market

Good morning everyone, we are into holiday season, it has been relatively quiet for the past week or so... Looked at the major indices, it appears to me:

S&P 500(SPX) is showing negative divergence which is bearish;
HSI got a bottom tail bullish candle on Fri, bullish
SSE retracing to its key support level, bullish
STI sideways for the past two days, the short term resistance is 3168, key support is 3120. Few  stocks formed bullish reversal candle pattern, and may rebound today. Overall, I'm having few counters in hand to monitor, will go long if STI were break its resistance, or wait for it retrace to 3120 to load some longs. see ya soon.

OUE

OUE had a false breakout on 9 Dec and was selling off ugly all the way to current price at 3.26, which is its key support level. It's time for bull to fight back.

Spike on SIA

Straits Times Index

STI is not moving strong as what I expected. It's been sideways for the past nine days within the tight range of 3175 ~ 3220. I think the probability it comes down to test its neckline 3120 has been increased now. The head and shoulder pattern looks nice, someone wants to make it happen?

Anyway, I'm relatively light on my hands, the bullish sector is still commodities. The major support is 3120, and key resistance level is 3220.

Bullish on Commodities

Noble and StraitsAsia are rebounding from support level now. Real time chart below:

SAR:

 Noble Grp

The Broad Market

Goooood morning everyone!

I was relatively quiet on past few days, sorry about that. The overall markets are looking bullish, the SPX, STI, HSI, SSE are bullish, probably we are entering the Christmas Rally season. Good news for bulls.

Below are the bullish set up counters 'em looking at:

KepT&T
Genting HK
Genting SP
YZJ
UOB
DBS
OCBC
Indoagri
Noble
OUE

Will update you the chart later.

OUE Poised to Move Higher

HL Asia Rebounding from Its major Support

Long Candidate: Sembmar

Wanna Go Bintan?

Kim Eng Forex Trading Platform

Well, not too often mentioning Kim Eng. Finally KE house is catching up with the tide. It's better late than never. As you maybe interest to know what platform I prefer to use in my trading. Here it is:

1. For US options: Thinkorswim(TOS) from US, I would say it's the best of best platform I have been used so far. It also provides FX and futures, stocks trading. I have been using it for years. Good news is it will soon launch its new office in Singapore.

2. KE Trade: It has improved a lot since May this year. I like its free live charting and "4site" tab for me to customise my page.

Overall, I think Singapore local platforms are really hard to be praised as compare to US and Chinese ones, local platforms are far far away behind them. Aren't we "financial centre"? 

Anyway, KE just launched its FX arm. Here's the link if you want to know more: http://www.kimeng.com.sg/trading_tools/forex.htm

StraitsAsia

Many fundamental guys recently had a buy recommendation on SAR. Lookin at its chart, It's a pretty nice uptrending stock indeed. It's hit 2.8 resistance and retracing back. I'm lookin at its key support level for long entry. Two support levels:
S1: 2.6
S2: 2.4

Go long with CAO

CAO is rebounding from its support.

It's Taking the Course

Good Morning everyone, wish you a good week ahead.

On last week 29th Nov, I drew out STI's possible rebounce to 3215 level to form its right shoulder,(Click HERE) and now it hit it and coming down.  Below is the present chart:

Looking at the chart, it seems like making a classical Head and Shoulder pattern, but I'm not that bearish as it suggests, STI is currently trading around its major uptrend line. The overall uptrend is still intact.

Anyway, the head and shoulder pattern would be only confirmed when it break its neckline which is at 3120 level. I'm still bullish bias as for now. Let the chart decide its course.

Few Notable Charts

STI Momentum Bullish

As I posted the momentum charts last week (Click HERE ), STI momentum chart today had a bullish crossover.

I will just list down the long candidates below for your reference when you do your homework tonight:

Manhatton
Olam
Noble
First Resources
F&N
Capitaland
SGX
Cosco
Sembcorp

Straits Times Index

November is finally over, it's a rather painful month as the shooting star shows many have been trapped along the long tail. Take a look at the STI monthly, weekly and daily charts respectively. On monthly chart, it's fairly bearish but it has be confirmed by December, will the conventional "Christmas Rally" save us? Let see.

STI (monthly): Bearish

STI weekly: Neutral

STI Daily: Bearish

Teh Tarik( 拉茶) in Thailand

Cool.

Stocks are Set up for Rebounce

I've seen many bullish reversal pattern on daily chart. Noble is one of them:

Noble( Long)
E: 2.09
S: 1.96
P: 2.2

Lookin for Support

Good morning everyone, STI is at the middle of the trend, be frankly it can go either way I think. and I just draw out the possible course it may take in coming weeks purely by gut feelin, nothing serious about it.

A Good Move for KE Trade

KE trade now offers more browers for your access.

A Silent Day

I don't have much to say now, market very quiet, STI no upside momentum. Biosensor has been frying to top volume...

Golden Agri

Golden Agri looks great.

Yes, It's Hunting Time.

STI is at support set up for rebounce, thanks to good news from US market last night. It's probably the last good chance for year end rally. Just my gut feeling.

I have seen many reversal counters for long:

GoldenAgri
Boustead
CDL Htrust
SIA Engg
Sembcorp
CAO
Cosco
IndoAgri
Noble
F&N
Biosensor

Note

A quick note here as I'm running off. Market getting better today, I don't have much to say now. Will post tomorrow mornming... See you.

It's Hunting Time?

I want to share with you this piece of interesting observation. Please check out below STI momentum chart, the yellow color highlight line marks the 60 level, and STI rebounded soon every time when it  went below it. There are total number of four times between the period from Sep 15,2009 till today. And today it's fifth time it went below it. Among the five times, there are twice in last year and three times this year. The three times happened in:

1. Feb 2010
2. May 2010
3. Nov 2010(today)

(click on image to enlarge)

We knew that Feb and May STI had big correction then rebounded. How about this time? I think the probability is very high that history will repeat itself. Let's give it few days to a week, let it work out itself. And I'm ready for the year end big hunting...

Straits Times Index

STI broke its long term up trend line today, triggered many selling stops. Current support is at 3120~3150. Financial and other blue chips leading the way down.

Below is the real time chart:

I got out my long positions with small losses. It's okay. I'm get ready my "bullet" for a rebounce.

Long Candidates

Not many but there are always few gems out there to grab, Biosensor worked out very well yesterday.

And here I have another two charts standby: