S-chips Are Fueled by Dual- Listing

The China-related companies get hot by the opportuties of dual-listing in Hong Kong. The charts looks remarkable:

Market Update

US market Monday numbers:

Dow: 10,895.86 +45.50, it's highest close since September 2008
SPX: 1,173.22,+6.63
Nas: 2,404.36, +9.23

Local STI up 22.86 points closed at 2929.14 yesterday. It's just benearth the Jan resistance level 2940, another 20~30 points up is possible. I will stay cautious for long positions and take profit for short term trades.

Technically, Market especially US market is over extended to the upside. As for STI, MACD is still bullish, but RSI and Full Stochs are in the overbought region.

Well, what we mean is market won't keep going up like this forever, the big question is: when the music stops, will you have a chair to sit on? Get prepared always.

Two Long Flavors

Otto Marine



Capitaland

StraitsAsia

Straitsasia played out very well. The 2.14 resistance level was just breakout. Expect further upward move.

Market Update

The general market is dominate by bulls, obviously more for US market.

STI is currently undergoing kinda sideway action. consolidation in the area of top formed in Jan 2010. It's either it clear this area to move upward or else, err... a possible double top. So watch out wether it can break above 2940 resistance.

Friday Watchlist

Despite the inactive general market, there are few counters are perform very well and had bullish set up, here they are:

Wilmar



Jaya


PEC


StraitsAsia

Market Update

US Market had a roller coasting last night, it hit a new yearly high and was selling down heavily. The candlestick looks very bearish, expected the retracement is imminent. market never go up one straight line.

As for S&P 500, the immediate support level I am watching is 1157 ~ 1150 area, where 1150 is the 20dma. and prior resistance turn to support now.



STI stayed flat yesterday, looks it can go either way now, but if US come down, it expected to retrace down to its 20dma 2850 thereabouts.

Market Update

A silent day today. I have not much to say. The market is just up and down in a range. I'm watching and standby...

Brokers Recommendation

er...if you are following brokers recommendation constantly, how do you think about the top broker rating? I have no idea, all recommendation are just reference to me.

Long candidate

Market set up for rebounce.

Below are my long candidates with stops:

CapMallsAsia 2.28
Capitaland 3.98
Capitamall 1.8
SPH 3.76
Indoagri 2.15
SC Global 1.81
NOL 1.91
YZJ 1.14
PEC 0.73
GoldenAgri 0.55

Market Update

US market rebound up again, after one day down from the resistance level. So it's not that simple everytime short at resistance, market will go down straight. I believe last night up contained lots of short covering. Below are the over indices numbers:

Dow: 10786 +44
SPX: 1166 +6
Nas: 2395 +21

As market back to Friday's high(minor resistance),I feel market go can either way tonight: continue up or sell down from here( trapped bulls).

As for Singapore market, STI formed a big black candle yesterday with 26 points down. So watchout long positions and their support level.

Few Long Candidates

Capitaland

Capitaland break out from its major resistance $4 last week and retraced, I'm watching $4- $3.95 area for a potential rebounce.

Market Update

US: The overall market sentiment remain bullis, as major indices such as SPX and Dow had a breakout above its major resistance, and hit new year high. But in short term, technical retracement down will happen anytime( last friday already down a bit), as most indicators are in overbought region.

SG: Local benchmark STI is a bit lag behind its US peers. It's currently trading within the prior congested area( resistance), as indicate in red tinted color in below chart. I expect it will consolidate in this area(2940~ 2895) for a while.

Long candidate

Below are my long candidates with Resistance/Support level:

Midas: R=1.08
Falcon: R=0.705
A-reit: R=2
Olam: R=2.64 S=2.59
ST engg: R=3.3
Wheelock: S=1.94

Market Update

US Dow Jones continue grinding higher. With SPX stayed flat. The over night major indices numbers:

Dow: 10779 +46
SPX: 1165.83 -0.38
Nas: 2391 +2

SPX continue trading within its uptrend channel. I'm watching for any retracement if it drop out of it.



I'm continuing stay out of US market for the moment. Last night I was very tempted to call SPY, but I told myself don't chase the market. After long time trading jouney, my ability to control myself getting better and better.

As for Singapore stock, today I will be look for chance cash off my short term positions. My account doing pretty good over past two weeks. great, keep it on dude. At the same time, it looks some stocks still have room to move up. Will post in coming post...

Few Remarkable Charts

The are just breakout from resistance or are getting ready to break:

UOB

the target is 20 for UOB, it just breakout from its long time consolidation.

Market Update

US market closed with another day gain, below are the overnight indices numbers:

Dow: 10734 +48
SPX: 1166 +7
Nas: 2389 +11

I closed my option call positions and didn't re-enter any new positions last night, I want to cash off the table and wait for better entry point. The stocks are just too hot now.



But it's not for asia (HK, Shanghai)and Singapore markets. Their charts tell me there are rooms to upside to catch up with.

SGX Chart

Below is the real time chart for SGX now, there are plenty of room to upside.

Long Candidate

SGX
Wilmar
Jaya
Straitsasia
Indoagri
Olam
Epure
CDL Htrust
CapmallsAsia

Capitaland

Capitaland had a breakout from its downtrend line yesterday. Next target is to fill the gap between 4.19 ~4.09

Market Update

US market passed an important hurdle last night. With Dow Jones and SPX both crossed above their major resistance level, overnight US mkt numbers:

Dow: 10686 +44
SPX: 1159 +9
Nasdaq: 2378 +16

The market obviously is to the upside.



Our local benchmark STI rose 22ppoints yesterday, enter into its prior congested zone of 2940 ~ 2892 area. Not breaking high yet. More likely it will catch up.

Stocks At/Retrace to Their Support

Below are the stocks I'm watching closely since they approaching support level:

Jaya
YZJ
Otto
GoldenAgri
CapmallsAsia
Swiber
Wilmar
Indoagri

Market Update

Overnight US market numbers:

Dow: 10642 +18
Nasdaq: 2362 -5
SPX: 1150.51 +0.52

US major indices Dow and Nasdaq remain at their resistance level with Nasdaq tiny down. The market's bullishness turn to weaker now, the rule of thumb is you don't want to buy at resistance. We buy at support and sell at resistance. so be careful your long positions.



As for STI, it hit resistance area too. The over-head resistance 2935~2895 definietly doesn't look to break soon. and we have pretty much room for it to retrace downside, major support is at 2820.

US Market Daylight Saving

CityDev

Citydev (Long)

Entry: 10.51
Target: 11.0
Stop: 10.13

Long Candidate

My long candidate watchlist for coming week.

comfort
Falcon
Guocoleisure
hongfok
kepcorp
Otto
PEC
Serojar
SGX
Citydev
Starhill
Starhub
SAR
UOB
Weehur

Otto Marine

Good long candidate Otto Marine

My Watchlist List For Today

Long candidate:

Straitsasia
Capmallsasia
SGX
DBS

SPX at 1150 Resistance

S&P 500(SPX)is attacking its critical resistance for the first time, it closed at high of 1150.24 last night. The probability of retracement on SPX is getting higher and higher now. The simple reason is that stocks won't go up one straight line forever. So take the opportunity to take part of your profit off the table at least.

DBS

DBS looks a decent long candidate if it break above 14.23

Entry: 14.23
Stop: 13.91
Target: 14.5/14.9

China XLX

Long candidate, entry if break above the downtrend resistance 60c.

Swiber

Long candidate: Swiber is at resizstance now, resistance 1.09, long opportunity comes once it breakout 1.09.

MArket Update

US market Overnight:

Dow: 10567 +3
Nasdaq: 2359 +18
SPX: 1146 +5

US market continue to climb higher last night, with Technology outperforms, and Financial is up alot too. SPX currently is just a few points below its major resistance 1150.



As for STI, it catch up supper fast, made a gain of 24.4 points yesterday. thus, STI has been run up 72 points in a raw within past three days! Now the gap in between of 2823~2850 was filled. Market is obviously very bullish.

Palm Oil In Play

Wind is at Commoditie' Back. The commodities such as indoagri(+6.9%), goldenagri(+6.2%), first resources(+6.2%) yesterday ran up a lot. What triggering is because of this piece of news:

Palm oil may surge this year as drier-than-usual weather caused by El Nino curbs yields in the biggest producers, according to forecasts from Godrej International Ltd. and Prudential Bache Commodities LLC.

El Nino may drive prices as much as 22 percent higher than yesterday's close to 3,300 ringgit ($988) a metric ton in the first half, Anne Frick, vice president for research at New York- based commodities broker Prudential Bache Commodities LLC said in an interview. The commodity may touch 3,200 ringgit in the second half, Godrej Director Dorab Mistry told a conference in Kuala Lumpur today.

Market Update

US market overnight:

Dow: 10564 +12
SPX: 1140 +2
Nasdaq: 2341 +8

US market continue trade near their resistance, but US technology relatively bulllish, Nasdaq had breakout its prior high already.

Hang Seng and STI stayed flat yesterday. Frankly speaking, I think market can go either way. The direction is unclear. It may come down to fill the rising window or sideway for few day and go up again, people are watching US market SPX and Dow closely for clearer direction.

UOB at support

UOB at support with bullish reversal candles.

The Gappy STI

Last night US market:

Dow:10553 -14
SPX:1138.5 -0.2
Nasdaq 2232 +6

The US market closed flat, after six days rally. As for STI, it's gappy time. it left a huge rising window(blue tinted color) after yesterday's jump up, and it right into the prior falling window( red tinted color) as resistance. Market is bullish, but I suspect how far it could climb higher. er...I won't chasing those stocks already shoot up very high, and focusing on those stocks at their support level.

Long candidates Watchlist

Below are my long watchlist for coming week, chart for yourself first, as I'm leaving for a dinner:

CapitaRchina
CapMallsAsia
CDL Htrust
CH offshore
CSE Global
Epure
Ezra
F&N
First Resources
GoldenAgri
Guocoleisure
Kepcorp
OCBC
PEC
SPH
ST engg
Staitsasia
SGX

Genting Singapore

It's coming... no one stock will up or down forever. Genting is presenting a very nice bottom tail hammer on its weeekly chart. A nice long set up.

Today's Focus(Long)

Below are long candidates for today with Resistance(R) and Target(T):

Kepcorp: enter if break R 8.47, T=8.6
Sc global: enter if break R 1.83, T1=1.88, T2=1.94
SPH: enter if break R 3.78, T=4
Ho Bee: Enter 1.8, Stop 1.73, T=1.9

Market Update

US market closed with gain last night:

Dow +47 @10,444
SPX +4 @1123
Nasq +12 @2292

It's a inside day for SPX, it managed to climb back to previous day's top range, just benearth its resistance 1125. Tonight US have two important data release before market open: Non-farm Employment Change and Unemployment Rate.

HSI continue to be a my focus today, it's at a juncture point right now. It filled the gap between 26/02 and 2/03 yesterday, right into the support zone between its 20dma and the blue color neckline as shown in the chart below.



STI times continue dancing in between the narrow range 2791 and 2760 yesterday, with blue chips' reluctance to move. Nontheless, ew counters such as Chinafish to move upward strongly.