US Dollar

Even the beggar does not like the Dollar anymore

US Dollar, Commodities, Stocks and Tresuries

Understanding the inter-market relationships is a necessary edge for all traders, and the US dollar's relationships are getting everyone's attention currently, as it hit its multi-year low since 2008 July.

(Note: the left picture are from website)

2011 YTD Asset Performance

Asset comparison in the chart:

SPY (Equity)
USO (Oil)
GLD (Gold ETF)
$USD (US Dollar)
TLT (US treasury Bond)
SLV (Silver ETF)

Silver is the champion among all asset.

BrightWor's Blow-off Top

Ramba

Ramba set up to move higher. now 61c.

Few Notable Charts

Hyflux: major resistance 2.19, target is 2.3 for a breakout play.

Swiber: testing its resistance turn support level now.

BrightWor: A big winner since my previous post. High chance it will climb further higher.

A Silent Day

I don't have much to say today... market is undergoing profit taking, but nothing much, the selling is under control.

STI uptrending is well intact. Will update you soon.

General Election Rally? Not for Singapore.

Come closer and closer to Singapore General Election which will be held on 7 May. Many are fancy about the stocks market rally. Well, Singapore Gerneral Election is not US Gerneral Election. It has no impact at all on the stock market. History tells the truth.

Long Candidates

Goood morning everyone.

Hope you had enjoyed your nice long weekends. Few charts set up for long:

FirstREIT

 DBS

MapletreeLog

Straits Times Resistance: 3210

Market very bullish before long weekend, STI up 27 points at 3193 now. The next major resistance for STI is 3210, but stocks never run in one straightline.

A great day today, Congrat to those who vested in SAR. I took profit for nice long weekend already,a total of 29c out of it in three days . Cheers.

Capitaland

Capitaland 3.44 now, nice set up for long. XD on 9th may, divident 6c.

Lottery Play: XinRen

XinRen, rebounding from its support, 49.5c now.

Noble Grp

Market very bullish now, STI +31 pts to 3157.
Noble nice chart set up, now 2.21, +4c.

Singapore General Elections: 7th May

Quote of Morning Analysis:

Corporate News...

--------------------------------------------------------------------------------

Singapore 11th General Elections will be held on 7th May. Unlike elections in neighboring countries, GEs here generally have little or no impact on overall economic growth; investment implications more spurious. We do expect a strong market later this year, with our OVERWEIGHT rating on FSSTI premised on:

1) its below-mean valuations; and

 2) its exposure to global growth.

StraitsAsia

SAR appears a nice long set up. Target 2.75, support 2.5.

Reveal The Financial Crisis of 2008: Inside Job

"Inside Job" director Charles Ferguson's 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."

You don't want to miss this movie to have a thorough understanding of the reason behind 2008 Financial Crisis.

Enjoy your movie from "Winning Trading Strategy":

Pink Floyd: Money

STI Support 3120~ 3110

STI retraced following US market sharply drop, as Standard & Poor's cut its outlook on the U.S. government debt. STI is down 21 points to 3122 now.

The support level is 3120~3110. Many blues chips are dropped to their major support level.

Below are the stocks under my watchlist with their support:

Straitsasia 2.5
Godlenagri 0.69
Indoagri 2.14
Kepland 4.35

Pre-earning Play: Sembmar

Sembmar XD date: 26th Apr, divident is 31c. Nice set up for long. Current price 5.85, +7c.

STI In Consolidation Mode

Good morning everyone.

STI now 3163, slightly up by 10pts. It has been consolidated in a flag formation in past four trading days. A breakout from the formation would indicate its fresh move, bias to upside. Current resistance is 3180, major support 3110.

Lottery Stock Watch List

I will from time to time to spend a small amount of money to buy "Lottery Stock", to try my "Luck". Though I don't believe luck in trading and investments. I just treat it as I go to casino to satisfy my gambling heart.

Below is  lottery stocks in my watch list. By "lottery stock", I mean they are typically cheap, highly speculative, high risk, very volatile, typically less than 50c.

Xinren
Gallant
Bund Centre
Hisaka
LeaderEnv
Lian Beng
GuthriG
GMG
UMS
Ramba

Few Notable Charts

NOL: more upside if break resistance 2.01, XD on this Fri, 15 Apr.

Sembcorp: 5.22 major support

Sembmar: all time winner, nice uptrend.

Xinren: 2nd chance to long at support.

Zhongmin Baihui: the new IPO retails mall, double its gain by 200% in just a month. Gee!!!!

Market Rebounding

STI +30 pits to 3168 now. Few blue chips set up for a rebounce:

Kepland:4.42 now

HKland: 7.09 now

Noble: 2.19 now

Market Continue Its Retracement

STI sliiped 24 points to 3135 now. Many blue chips pull back, I think a healthy retracement is good, the buyers will come in at lower price... The major support I'm looking is 3110-3120

I stay sideline now...will update you soon.

Straits Times Retraced

Hi Everyone, STI pull back down below its resisance 3218 now, but nothing terrible. The selling is under control...market is quiet in the morning until now.

Major support is 3112 which is its prior resistance turn to support now.

CAO Breaking out

ChinaAoil poised to move higher. 1.41 now +4c. target 1.47

Lottery Play: Longcheer

Longcheer picked up from dead? This falling angel 33c, up 3c now.

Blue Chips Stalled, Small Caps Rally

The two "Lottery Play" XinRen and BrightWor which I did few posts back worked out surprisingly well. Xinren from 48c to as high as 52c the next day, +4c or 8.3%; Brightwor from 59c to as high as 65.5c now,+ 6.5c or 11% up so far. Congrat if you participated. I like to commit small amount of money into "Lottery Play" just to satisfy my gambling heart, as "Lottery Play" are typically cheap, high risk, very volatile.

Anyway, few charts to note:

Straits Times Resisted at 3150

With many counters at their resistance level but failed to breakout for upside yesterday, it turned to selling off and formed a shooting star candlestick on STI daily chart, at its trendline resistance 3150.

The probability of STI to pull back has increased  now, I'm looking at 3110 (prior resistance turn support) as the first defense level for bulls.

Lottery Play: BrightWor

Another Lottery Play: BrightWor now 59c, breaking out its trendline resistance.

Few Long Candidates

UOB

PEC

 OKP

Midas: not breakout yet...

Lotter Play: Xinren

Xinren appears to me as a good "lottery play", now 48c. A nice breakout after consolidation.

Straits Times

Good morning everyone. Congratulation to those who bought Straitsasia, CWT, swiber, Kepland, Genting , Noble and other counters as I posted in last week or so. You should be very fruitful by today. I'm going to take profit anyway. Cheers.


I hope you start your new week with a fresh mind and grab as many opportunities as you can in the market. The wealth in financial market is abundance.

As part of my home work, I will check weekly every week end and monthly chart at the end of every month to get a bigger picture of the market movement.

Looking at Mar monthly chart, it shows bullishness and quite promising it will continue to move higher in Apr.
The major resistance is 3250.

Noble Grp

Congrat to those who bought Swiber this morning, first target reached. now 86c, high of the day 86.5c.

Commidities sector is bullish today. Noble is trying to breakout its downtrend line resistance.

Swiber

The bulls are fighting for higher, STI positive 9pts at 3115.  Swiber looks a nice long, now 83.5,

1st target: 86c,
2nd target: 89.5c

Straits Times Resisted at 3110

Good morning everyone. I didn't have any post yesterday as I have nothing to say rather than want you focus on my last post. STI formed a doji candlestick yesterday, not much movement. Most of blue chips are just holding stalled.

Straits Times facing its major resistance at 3110 now. It has been a long way of run-up since it hit as low as 2920 recently, I think some health retracement is good, as market needs to take a break before it continue run-up. The support levels I'm looking at :

Support 1: 3070
Support 2: 3044