Stock Update 2( uptrend )

New added:
Parkwaylife
Starhub
Techoil&gas
Super Group
OSIM
Genting
SIA Engg
CDL Htrust
YZJ
UIC
PEC
Statschip
Suntecreits
SPH
Goodpack
Sino Grandness(<50c)

Stocks Update (Uptrending)

I'm compiling the uptrending stock below, flow with the trend is one of first factors when I decide to go long or short. Get the correct direction of the stock first always. If you have other good ones not in the list, kindly let me know by email me or drop a comment. Thanks.

OSIM
Genting
SIA Engg
CDL Htrust
YZJ
UIC
PEC
Statschip
Suntecreits
SPH
Goodpack
Sino Grandness(<50c)

I Like Longs

Straits Times Index breakout its trading range 2195~2949 as I indentified few posts back(click HERE), now trading at 2953, it's immediate resistance I'm looking at is 2966. The bulls now can get a relief now, as the recent support is still holding, market sentiment bias to upside.

I'm having the below long candidates in my radar:

CWT
Kepland
Osim
SPH
Sembcorp
Q&M
kepcorp

Few Notable Charts

Singtel: hitting its long term downtrend line, a break above 3.05 would indicate a upward reversal.

Wilmar: Hitting its long term uptrending line, a break above 6.25 would confirm the upward reversal.

Give Me a Break!

The STI today stayed flat through the whole session, a typical inside day of yesterday's range. It has been trading in the range between 2915~ 2949 for the last ten trading days. We certainly need a break before everything gets clearer.

股市定律：不在绝望中反弹，就在绝望中死去。

行情总在绝望中诞生,美梦中结束

The Turnaround Points

Hang Seng is falling to a strong support zone which make me feel it will likely turn around.

1st support level: 20592~20728( gap)
2nd support level: 20430( multi year major support, meaningful fibonacci level)

we are current at 20658, that's another 228 points away, if it can go thus farther.

Straits Times is poised to fall further, the pretty bearish top tail hammer touched its trendline and was selling off yesterday. Next level I'm watching is 2897, and possible 2888, if it fell farther. Another 34 points away.

STI Short Term Support 2920

Hello everyone,  sorry for my absence yesterday. Market is slowly drifting down, I'm a bit sick of it. The bias is to stay sideline watching, and the bears are donimating.

STI is sitting on 2919 cliff, the sentiment is on bears camp. Next support is 2888 thereabouts. Where 2897--last year closing price is in my mind.

Singapore Reits Ranking by Asset

Straits Times Index

US market dropped 144points on unexpected unemployment numbers soaring to the highest since Nov. Posted further concern on economy slow recovering.

The US mess does not neccessary transfer to Asia market,  negative effect certainly but is limited. I think.

As for STI, I'm watching the uptrend line and the more important number: 2897--2009 year end number.

Market Recovered

Thought market will go nowhere and extremly boring sideway, but I was wrong, market obviously hear me and rebounded in later morning, now is up 31 pts at 2950. Now everything looks bullish, can you see how fast the changes can take place in this dynamic world.  My biggest chanllenge is to stay calm and objective when everything looks so weak. There are always a small little voice inside pull me down--it's fear.

The bullish set up now(not to be late):

Kepcorp
Sembmar
Capitaland
CMA
SPH

Market Going Nowhere

I don't have much to say at this moment...market has been trading sideway for the past five days. And seems it will continue go nowhere for today...

Below I quote the morning market commentary:

" The STI continues to remain in a sideways consolidation around the 2,916 support level. Yesterday’s close however did give us a bearish engulfing. It might be the STI telegraphing the intention to test the 2,916 to 2,900 support region again. Price action in the ongoing consolidation seems to lean towards distribution rather than accumulation and last week’s close was clearly bearish as well, so there in lies our bias. We note that the consolidation has drifted past the intermediate term uptrend line as well. Support remains unchanged, 2,916 and 2,900. Resistance has shifted down to 2,934/38, then 2,950."

Bulls are Fighting Back

The odds are towards bulls now, as US market ended its five days down streak.

Am looking at OUE, planty of room for the upside IF it can break above 2.75 resistance, lead it to 3.2 as there is minimum resistance in between the huge gap.

Few Longs

Here's my new longs set up:

Sembmar: Pre-earning play, but today 17th Aug XD, go long if the uptrend line is still intact.

Wilmar: Bottom up tail hammer at major support.

The Funny Hokien

Kim Eng Live Intraday Chart Now Available

Dear All,

If you are hunting for free good intraday chart, Here I have a good news for you, the newly launched KE live chart is now available at KE Trade platform, and you can use it for FREE.

Steps:
1. Log on to your KE trade,
2. Right click on the stock name which you want to see live chart
3. You will see a drop down list, select "Historical Chart" which at 5th from top.
4. A new window will be open for your charting software.

The charts available:

Tick

1 minute

5 minutes

30minutes

1 hour

Daily

Weekly

Monthly

And various indicators (see the picture above)

I really like this cool tools. Aho!

Stay Cautious Ahead

The STI had a spike down to below 2932 support and managed to climb back above it on Fri to fill the gap between Thur and Wed. To the upside, I'm watching 2964 as immedaite target, to the downside, the next important level is 2897, which is last year closing price. Many fund manager will be watching this level to determine their performance.

Be honestly I don't have a clear direction on the market, it can go either way on short term. and I will stay very cautious and be nimble. Any long position mentioned this week will be extremly short term.

Straits Times Index

The STI formed a bottom tail hammer yesterday, closing at its major trendline support(green color line). I'm expecting a rebounce from here.

Long candidate I'm watching for today( with support level)

Kepcorp 8.7

Sembmar 3.88

Cosco 1.55

Sembcorp 4.0

DBS 14.0

F&N 5.6

SC global 1.59

HL asia 3.6

Support and Resistance on STI

STI closed below the pivot point 2958 yesterday, bears are in control. Below are the support(S) and resistance(R) level on STI:

S1: 2926( immediate previous low)
S2: 2886( major resistance turn support)
R: 3040 (major)

Market Heading South

Hang Seng Index hit its major trendline resistance and retraced yesterday. I'm lookin at 21075 which is its 200ma as major support, if it continue slid. Another 400points away from yesterday close.

Straits Times Index major uptrend is still intact, the next support is 2958, another 26points away from yesterday close.

Singapore Real Estate Update

Below contents are from Kim Eng Research reports, I think it's pretty good in giving you a bird's eye view on the latest update of Singapore Real Estate.

Property Prices Reach New High, Government Ramping Up Housing Supply

Private property prices increased 5.3% in 2Q10, setting an all‐time high in the URA price index of 184.2, surpassing the past record of 181.4 achieved in 1996. This has prompted the Government to ramp up its supply for 2H10. A total of 31 sites will be made available in the Government Land Sales (GLS) Programme, potentially generating 13,905 private housing units, the largest supply since the Confirmed List/Reserved List system started in 2H01.

NUS SRPI Indicates Slowdown, New Sentiment Index Points to Weaker Confidence

Latest flash estimates for June of the Singapore Residential Price Index (SRPI) reveal a slowdown in the growth of property prices. The price index for Central region climbed 0.7% mom, slower than 2.1% and 3.4% achieved in May and April respectively. Latest reading for Q2 of the Real Estate Sentiment Index (RESI) stood at 5.9, down from 6.8 in Q1. Industry players remain positive but are less bullish, citing key market risks as an overall decline in the global economy and the increase in supply of new development land.

DEVELOPER’S LANDBANK

TOP SELLING PROPERTIES

1. THE REGENCY AT TIONG   BAHRU  BUKIT MERAH (DISTRICT 3)

2. THE MINTON HOUGANG (DISTRICT 19)

3. KOVAN RESIDENCES KOVAN (DISTRICT 19)

4. ORCHID PARK CONDOMINIUM YISHUN (DISTRICT 27)

5. THE BAYSHORE BEDOK (DISTRICT 16)

6. COSTA DEL SOL BEDOK (DISTRICT 16)

Singapore District Map

01 Boat Quay, Chinatown, Havelock Road, Marina Square, Raffles Place, Suntec City
02 Anson Road, Chinatown, Neil Road, Raffles Place, Shenton Way, Tanjong Pagar
03 Alexandra Road, Tiong Bahru, Queenstown
04 Keppel, Mount Faber, Sentosa, Telok Blangah
05 Buona Vista, Dover, Pasir Panjang, West Coast
06 City Hall, High Street, North Bridge Road
07 Beach Road, Bencoolen Road, Bugis, Rochor
08 Little India, Farrer Park, Serangoon Road
09 Cairnhill, Killiney, Leonie Hill, Orchard, Oxley
10 Balmoral, Bukit Timah, Grange Road, Holland, Orchard Boulevard, River Valley, Tanglin Road
11 Chancery, Bukit Timah, Dunearn Road, Newton
12 Balestier, Moulmein, Novena, Toa Payoh
13 Potong Pasir, Machpherson
14 Eunos, Geylang, Kembangan, Paya Lebar
15 Katong, Marine Parade, Siglap, Tanjong Rhu
16 Bayshore, Bedok, Chai Chee
17 Changi, Loyang, Pasir Ris
18 Pasir Ris, Simei, Tampines
19 Hougang, Punggol, Sengkang
20 Ang Mo Kio, Bishan, Braddell Road, Thomson
21 Clementi, Upper Bukit Timah, Hume Avenue
22 Boon Lay, Jurong, Tuas
23 Bukit Batok, Choa Chu Kang, Hillview Avenue, Upper Bukit Timah
24 Kranji, Lim Chu Kang, Sungei Gedong, Tengah
25 Admiralty, Woodlands
26 Tagore, Yio Chu Kang
27 Admiralty, Sembawang, Yishun
28 Seletar, Yio Chu Kang

Source: expats2singapore.com

Just Some "Food for Thoughts"...

Now I have this habit to blog something for you guys everyday ...it apparently becomes one of my major daily tasks. Sometimes I have to really dig my head to think what to write. A day like today is boring enough...there is no National Day rally at all. Maybe Wilmar is the only representative, it has rallied up by 20c now.

And here is my lunch today to celebrate long weekend, Prime Rib from ASTONS.

I took below pics few days back when we had dinner in my colleague Tar Ng's house, really enjoyed the home-made western food by his maid, the cooking and serving standard is as good as premier hotel.

Especially the 21 years-old Glenlivet. Yummy....!

Few Notable Charts

Q&M

SoundGlobal

Biosensor

SATSvs

Long: HL Asia Breakout

F&N

Real Time Chart for F&N, at support now, up 9c despite weak broad market.

Cute Anchors

Let's sit back and enjoy their Mandarin... So "cute" LOL.



(You need to be able to access facebook to watch this video)

Long Candidates by Sector( 3 Aug)

1. Properties:

Yanlord
Kepland
F&N
Ying Li

2. Financial:

OCBC

3. Commodities:

IndoAgri
Goldenagri

4. Offshore/marine:

YZJ
Sembcorp
Jaya
Swiber

Long CWT

It just breakout, now 95c.

Market Update

US:

Last Friday, US market had a lot of reason to fail miserabaly but it didn't, because market didn't really like the GDP numbers came out in the morning. It gapped down and rebounded. The up trendline is still intact which I will be watching closely this week(the blue line in below pic). To the upside, it maybe test the 1120 resistance, which will definitely put more pressure onto it.

SG:

The uptrend is pretty strong. HOWEVER, I'm a bit more conserved on its upside move as it on the top, near its major resistance now. Pull back or consolidation is reasonable, it's just what's going on in my head. Let's see how it goes, I will keep my figure crossed.

Support1: 2960
Support2: 2940
Resistance1: 3000
Resistance2: 3038