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:

Uptrending Stocks Update

It has been for long time since my previous post for nice up trending stocks. Below I have selected 20 counters for your reference. We have many strategies in trading, broadly they can be divided into two categories , i.e: Trending Trading and Counter-Trend Trading.  I'd prefer trend trading rather than counter trend.

ARA
Biosensor
CAO
Cosco
EuYanSang
F&N
Golden Agri
GoldenAgri
HkLand
Kepcorp
Noble
OCBC
Olam
Osim
OUE
Sembcorp
Sembmar
Sunvic
TianjinZUS$
UOL

Note These Two Charts

If STI as analysed in my previous post were to rebound today, I have these two long candidates ready in hand:

OUE

Biosensor

The Straits Times

STI is under downside presssure on last Friday trading, negated its rebounce on previous day. I'm a bit of doubts if it will rebound at this moment, since inflation fears are continuing stalk the market.

Anyway, STI at its support level 3190 now, next support level is its 50ma at 3158 if it continue to slip.

Long Candidate

Noble grp

KepCorp

The Big Picture

Hi everyone, what a relief holiday yesterday right? As we escaped the possible drastic selling off impact from the Wall Street.

Let's take a look at Straits Times Index, it's down a bit in the last four trading days. But overall the uptrend is still in good shape. It's a nice uptrend with nice pull back. This is what I can see from the chart now, though that many bearish sounds around... I'm waiting for a rebounce to get in. Simple it is.

Case Study: CapitaMall

Trading is all about probability. CapitaMall looks a decent long candidate for me, as it appears:

* MACD histogram bullish divergence
* RSI bullish divergence
* Support 200ma
* Major uptrend line support
* Horizontal line support
* A hammer candlestick

whatelse you can expect? Entry and stop loss based on candlestick confirmation rules.

Support and Resistance

I just received an email from an anonymous:

 I'd prefer you give yourself a whatever name other than "Anonymous". Thanks.

This is a good question indeed, we have to be flexible and as nimble as possible when come to trading. My answer is "When resistance was broken, it becomes support, vice versa, when support was broken, it becomes resistance."

The Long Candidates

Below counters are at or quite close to their support level, they may work out in coming few days.

Genting
Genting HK
Yanlord
Wilmar
Jaya
Sembcorp
Indoagri
SAR
Soundglobal

The Broad Market

Good morning everyone.

Last week the equity market retraced a bit, the dollar up, the equity market will down. Take a look at the dollar index chart below, It was still well capped in the downtrend channel, has tested its first resistance level(R1) 78.3 for few times and trying to break above it. The next major resistance level is R2 80 level.

As for the equity market, the general uptrend is still well intact, it's not the end of bull run yet. Anything retraced back into support area will be our long enter opportunities. Below is the STI charts with its three support levels.

SIA Engg

Here I have a pre-earning play, SIA Engg is going to pay out six cents dividend which expiry date is on 16 Nov. The chart looks nice. I'm going to exit before its expiry date for short term profit.

This Man Deserves My Highest Respect

DBS Preference Shares? Well, It's Better Than CPF Return

Check out here for how to apply: http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_A1A0D5F507135044482577D7001D45E2/$file/newsrelease.pdf?openelement

The Earning Effect

Wilmar's 3Q result reported surprise loss in its oilseeds and grains profit, the kneejerk reaction pull back its price to support level, which provide us an opportunity to long, in my opinion.

A Speech You May Appreciate in Your Trading Life

In Trading I don't aim for big, but for win. A little bit here, a little bit there, I will win in the end.

Jaya

The only long time larggard Jaya now wake up:

HPL

HPL poised to move higher, after more than two months consolidation.

Two Notable Charts

StraitsAsia: 2.6 target

 Genting HK: Breakout play. Resistance at 47.5c

The Big Picture

Good morning everyone. A new week starts, hope you have a good week ahead.

After checking through the major market, my opinion is the market is still dominating by bulls, with no immediate signs of reversal. Below are the major indices charts:

S&P 500(SPX)
SPX bullish, it's in fact break up its previous major resistance slightly, with other major US indices bullish too. Weekly chart:

Hangseng Index(HSI)
HSI appears the same bullish patter as SPX, and even more bullish on last weekly candle.weekly:

Shanghai Index(SSE)
SSE just had a break-out from its major trend line last week, on its weekly chart, this is significant, it should continue it up run. Weekly chart:

Straits Times Index(STI)

STI runs a little bit fast than its peers and now has a resistance 3255 overhead, it's just about 10 points away from now. I will be cautious whenever STI hit major resistance level. But with US market and major regional market stay bullish, i think it will stay up or side way, no shorting yet.

Yanlord Hit Wall Again

Bullish Set-ups

$600,000,000,000 ----> Toilet

The Federal Reserve pledged on Wednesday to start a controversial new $600 billion bond-buying spree to rescue the economy from its current doldrums.

Breakout Play: Wilmar

Wilmar is breaking out its major resistance level now

Two More Notable Charts

F&N

Resume its upward movement. The uptrend looks nice.

This Week is Pivotal

There is a major Fed announcement coming up on Wednesday addition to US mid term election on 2nd Nov. This week is gonna to be pivotal and honestly I have no idea where the market will heading to. Will keep my position light and stay nimble.

Overall, the market is in bulls camp, the generall market uptrend is well intact. But just be aware below weekly chart shows how the S&P 500 looks like. hitting its 200weekly MA resistance.

The volatility indicator VIX is at its 20s, condsolidating in the bottom range, looks like making a support but it has to break above 23~24 area to bring volatility higher.