STI Approaching Resistance 3110

STI under overhead pressure as it approaching resistance 3110. High of STI today is 3109.83 as i'm writing now, market closing in 40 mins.

Genting Confirm Its Upside Reversal

Genting Sp confirmed reverse upward today. Plenty of room to upside.

What Does the Chart Tell Us?

Global Business Cycle:

CWT Breakout

CWT breaking out its resistance 1.24, now 1.26. Looks a nice long.

Two Notable Charts for Bulls

Noble Grp: long
Entry will be triggered if it above recent high 2.17

Kepland:long
Retesting its support level 4.35, downside is limited, as the three MAs below will provide good support.

Bullish on US market

US major indices DJI, SPX and Nasdaq are poised to moving higher.

Below are SPX chart, it had a breakout from its downtrend line and holding well for upside move.

StraitsAsia

SAR appears to me as a nice long.

Support: 2.49
Target: 2.68

A Silent Morning

Good morning everyone, STI not much strength in morning session, very quiet. As market reaching to resistance zone after five days consecutively up.

I have not much to say right now. Cosco jumped up 9c at open, on the news of its big contract won. I closed my cosco position just before it went trading halt on last Friday, what a miss, Gee! But it's ok, I was out still with good profit.

I'm monitoring SAR as it showing some strength now. will keep you updated.

Kepland Breakout

Kepland breaking out its major resistance at 4.35, plenty of room to upside.

Broad Markets Update

I had a broader look at the major indices, below:

STI : at downtrend line resistance ( tinted oval), next major resistance 3080 if it broke above the trendline.

SSE: Bullish, next resistance 3000

HSI: Breaking out resistance 23100 now, major resistance will be the downtrend line( red diagonal)

Yangzijiang Break Downtrend, More Upside

STI +25points at 3047 now, breaking out its major resistance, indicating market has more room to upside, bulls are fighting back.

YZJ breaking its downtrend line, more upside move...

STI Facing Resistance 3010~3025

STI rebounded to 3000 in past two days, after it hit as low as 2920 support. Phew....a temporary relieve.

STI downtrend channel still intact, means to say downside pressure remains. STI short term resistance at 3010~3026 thereabout. It has to break above this level to give more confidence to bulls.

Sembmar: the Only Uptrend Stock Survived

"Trend is your friend" as one of the most important rules when it comes to stock selection, it tells me two points:

1. When I have a choice between two stocks--one uptrend and another downtrend, to go long, I will consider the one with uptrend trend first, vise versa if I go short.

2. Stocks tend to follow its trend until it reverses.

Sembmar is the only stock that in my watchlist(I have about 100 stocks which I monitor on daily basis) survived in this round of correction and still in good shape of uptrend. Well done.

STI Rebounded, Immediate Resistance 3010~3020

Good day everyone, I'm relatively quiet these few days. Market is just zig-zag in the range trading.

STI rebounding now with 40 points gain to 2975 as I'm writing. Mainly are blue chips i.e DBS, UOB, OCBC, SGX, Citydev, Capitaland, kepland, F&N. I have a note here:

1. STI still in a downtrend and I don't know if it's the bottom now.
2. Generally counter-trend trading if long--short term.
3. Take profit at resistance or stay out. if not clear.

Will update you soon if opportunities rise. See yar

A Silent Day

I have little to say today, pretty a silent day, market very quiet as we are heading to weekend. Market still worry about the Japan nuclear crisis over the weekend...

Enjoy your weekend.

STI Support 2920

STI bearish, it may drop to 2920 support.

What Does the Chart Tell Before Earthquake

Sendai earthquake caused the Japanese stock market Nikkei 225 lost more than 16% or 1649 points. On the hindsight, one can avoid the gigantic loss if he were to follow technical analysis rules strictly.

Take a look at below chart, on 10 Mar--one day before the earthquake, Nikkei already broke its triangle and horizontal support-- 1st selling signal. The next day 11 Mar, Nikkei opened gap-down, and technical rebounded--2nd selling signal. The earthquake happened only at 2.46pm(JST), 14 mins before market close. If one to follow rule to cut loss once break support, the aftermath loss--cruel pain in next days could be avoided.

Eyeing for Blue Chips

Good morning everyone, a quick notes here first. Japan Nikkei up 900 points now.

Marine and offshore counters such as Kepcorp, sembmar and Sembcorp relatively stronger as compare to others.I'm also looking at StraitsAsia, Goldenagri, Noble and Cosco for a possible rebounce.

See you soon.

STI Chart Update, Support Level 2920

STI Major Support 2920

The suddenly selling off on STI just now was a knee jerk reaction follow the bad news from Japan's nuclear plant.

STI dropped to as low as 2932 or 98points, the major support level is 2920. currently STI is 2945.

Short Term Outlook Mixed

Good Monday everyone. A new week start, I feel how lucky I am, no threat from earthquake and Tsunami, and the most importantly I'm alive, have food to eat and place to stay. Life is so fragile and we'd better treasure it. God bless those who sufferred from the tragedy.

The broad market is not as bad as we expected, US market was up on Friday trading in fact.

STI getting better in the afternoon session now, recovered most of its loss in the morning and down only 7pts at 3035. HSI now turns to positve in afternoon session. I'm cautiously bullish in short term, any buying I mention will be for short term trading( with in contra period).

Long candidates:

Genting: at support 1.92,

SATS

YZJ(200ma now)

Kepland

Noble

SAR

Goldenagri

It's Tsunami,Incredible

STI Dive Below 200ma For 2nd Time

STI dropped 35pts to 3040 now, come donw below its 200dma for the 2nd time, bias is down.

STI Retraced

STI at 3072 currently, retraced after it broke 3080 resistance. The immediate support I'm looking at is 3060 which is its 20ma and 200ma. My bias to upside as long it stay above the two line(20and 200ma).

Kepland Moving Higher

Kepland now 4.37, first target 4.5.

Few Long Candidates

Expect STI to continue recover today. Buying interest coming back to financial sector.
OCBC looks a good buy.

Another three counter trend trading candidates I'm watching today:


OUE
SIA
SGX


Have a nice day.

Sunvic Rebounding from Support

Sunvic now 73c, nice long candidate.

UMS Moving Upside

UMS looks a nice long candidate. 59.5c now

STI Breaking 3080 Resistance

STI dropped a little in the morning and buyer get in now, STI gain 16pt to 3083 now, the momentum shift to upwards now. If it closed above 3080 today, then I'm ready to get in some longs.

Crude Oil ETF list

Here's the crude oil future weekly chart, historical high was 147.27 in Jul 2008, historical low was 33.2 at the beginning of 2009. Currently crude oil is at 105. It just had a nice breakout and poised to move higher.
(click to enlarge)

Singapore market, I'm having below counters in my watch list which are oil/energy related.

Kepcorp
Sembcorp
Sembmar
Ezra


Below are oil and oil related ETF for US market.

Oil ETF's with exposure to oil stocks

iShares Dow Jones U.S. Oil & Gas Exploration & Production Index Fund (IEO)

Oil Service HOLDRS Trust (OIH)
iShares Dow Jones U.S. Oil Equipment & Services Index Fund (IEZ)
SPDR S&P Oil & Gas Equipment & Services ETF (XES)
SPDR S&P Oil & Gas Exploration & Production ETF (XOP)

Oil ETF’s That Own Oil Futures

United States Oil Fund, LP (USO)

United States Heating Oil Fund, LP (UHN)
United States 12 Month Oil Fund, LP (USL)
iPath S&P GSCI Crude Oil Total Return Index ETN (OIL)
PowerShares DB Crude Oil Long ETN (OLO)
Short Crude Oil ETF

PowerShares DB Crude Oil Short ETN (SZO)

PowerShares DB Crude Oil Double Short Exchange Traded Note (DTO)
ProShares UltraShort DJ-UBS Crude Oil (SCO)

Leveraged Oil ETFs
ProShares Ultra DJ-UBS Crude Oil (UCO)

PowerShares DB Crude Oil Double Long ETN (DXO)

STI Downward Bias

The soaring oil price jittered market last night, Dow was selling off 80point to 12,090, near the important psychology level 12,000 again.

STI facing strong resistance at 3080, if it not breaking it, it will down. I think the probability it comes down has increased for now.

The three level I'm watching for now:

R: 3080
S1: 3025

STI At Resistance 3080

Good morning everyone.

STI resistance 3080 level as I identified few post back( Click HERE) is still valid, it was tested once last Friday with the highest went to 3083 then closed at 3062.

Share We Hold Our Losing Position Untill It Come Back?

I have received emails and comments from time to time from my readers, I reply every email as ASAP. here's one of them I want to share with you, with permission from the sender. Not in his real name.


Hi Fan Jun,


Recently I have come across your blog and I found some useful trading stuff in there, just want to say great work and well done! Enjoy reading your blog.

I myself is a newbee in stock market. Saved some money after 3 years working. Started stock in 2011 and made some bad trades and lost 10-15 % of my capital :( My recent worst buy in was yesterday evening before I can read your post this morning and now got trapped again. haih

I really feel that one must really study stock market at his best before he enter the market. If not, like you said, is all like gambling! At this moment, I just hope that tonight US market can turn out better and oil price don't shot higher so that I can sell them off at the least loss and get rid of this xxx./cross finger

I always hope I can have more holding power just to wait the price turn up high when it sinks, but it just that can't get over my fear, always get tempted to sell seeing it decline. Any advice from you Fan Jun? Is it good to hold until price comes back or sell to cut loss?

Rgds,

Vic

Below is my reply:

Hi Vic,
I agree with your point that one should do his/her due diligence before entering the market, stock market is not gambling. It's more of analysing the different market forces then decide yourself which side to stand.


Your question "Is it good to hold until price comes back or sell to cut loss?" is a great question. I used to think for those cheap stocks, I must cut loss quickly if lose money, never hold; but for "blue chips", if lose money still can hold and wait for it rebound. Now my opinion has changed slightly, I will cut loss quickly if when the stocks against me, no matter what stock it is. Some so call "blue chips" can lose your a lot too, e.g SGX, dropped from as high as 10.2 to 7.8 in four months time, SIA from 16 to 13, OCBC from 10.3 to 9.2 etc... you can name it. All stocks are bad unless they make you money.

I just can't stand to hold a losing position for long long time, and wish (out of nothing) it will come back one day. I want to control my own risk, not the company, not Mr. market, not anyone else. I want to cut loss fast so I can quickly move to other opportunities.

Member's Pick: UIC and ChipEngS

Thanks to Randy who picked these two stocks UIC and ChipEngS at the Chatbox recently, good pick from technical analysis perspective. In fact UIC had a breakout yesterday and it's continue trading up today. ChipEngS looks a good Lottery Play(<50c) too.

 ChipEngS displays a good character as a Lottery Play, my long time reader should understand what's Lottery Play( cheap, volatile and relatively high risk).

Few points to note:
1. nice uptrend
2. light volume on pull back
3. had a breakout yesterday
4. not for contra, good for hold few weeks.

SIA nice Bullish Divergence at Support

SIA may reboud today, but remember it's counter trend trading, nothing is 100%.

STI Needs To Close Above 3080 to Move Up

US market went up 191 points last night would probably give STI some upbeat momentum today. Though STI looks pretty much bearish, it first attempt to break the resistance failed yesterday. Today it has to clear 3080 resistance level to move up.

GLP Bullish Divergence

GLP currently 1.9, target 1.96, counter trend trading candidate.

Kepcorp Potential More Upside

Kepcorp's business seems not affected too much by the middle east unrest, it's consolidation in the range with bias to upside breakout.

STI, HSI, SSE Facing Resistance Level

STI climbed up sharply 57.09 points yesterday, and many who bought and didn't exit may be trapped today as market is poised for a pull back today. All three major indices STI, HSI and SSE are at their resistance level.

I've been practising intra-day trading for past couple of days as I mentioned in few post back( click HERE). Market is still trending downside, all my long positions are short term, one to two days only.

Sembmar Play to Upside

Sembmar currently consolidation in the triangle range, with high chance to move upside. Two entery points identified as in below chart:

The Best Part of Oscar Speech

Forgive me, I must start by pointing out that three years after our horrific financial crisis caused by financial fraud, not a single financial executive has gone to jail, and that's wrong.

----by Inside Job Director Charles Ferguson