Weekly Wrap

STI hit 3190 target this week, closed at 3191.8, mission completed... for the week, it's obvious that money flowing into Asia and out from the US, as shown in below table. The only major factor will influence market direction is the US fiscal cliff...which due in one day time, beginning from 2013.

The Shanghai market continue its bullish upward move, more upside is expected. it seems 2013 will be a bullish year for the Chinese market, quoted from various analyst reports.

We are heading towards holiday season coming week, Mon 31st Dec will be our last trading of the year 2012.  STI will open half day(closed at 12.30pm), and close on Tue for holiday.

Friday Indicator

The advance for US, HK,Shanghai and SG seem slowing down now...Coming Mon will be the last trading day for the year 2012.

Friday Indicator levels:

61.8%: 3177
50%: 3173
38.2%: 3168

STI Hit 3190 Target

STI hit my 3190 target today, which I set for last week, late but its done. STI high today at 3192, closed at 3183. We are at resistance level now. STI possible take this chance to retrace down, after four weeks of gain, profit taking is expected. It seems quite true that  when the pennies are getting hot every time, it indicating the bulls will over soon...

Trader Kakis Group

After my morning post mentioned my facebook group "Trader Kakis Group", I have received quite number of requests to join this group. There are few clarifications I would like to make here, by "members only" I mean either you are my clients--well, I'm a broker, or a friend I added from my list.

You are welcome to email me at: sunboyf4 at hotmail dot com (email address in spelling format to prevent malicious spam), if you want to join me, or else just stay with this blog if you don't feel comfortable at this time. This blog is like my "homework" for my own trading,  where I also want to share with friends and clients for my thoughts and opinion in trading and investment. I have learnt a lot over the years of blogging, the way how I chart have evolved over the time. (You possibly noticed that if you are my long time reader.) My stock picks and the way I look at the same chart no longer the same as compare to years ago. What TA means to me has changed a lot as well, which I have shared a lot in my monthly gathering workshop.

Thanks for reading this blog and I hope you find it useful. You may write to me at "comment" section at the bottom of each post, for discussion, sharing or feedback. Many thanks.

Time to Sit Back, Relax.

Wilmar Take Off

As my initial call for wilmar on Dec 20, 2012( click HERE), wilmar taking off today after three days...at 3.37 +10c now(11.06am), target unchange at 3.52.

The "Lottery" Plays

Below are the list for "lottery" stocks, which are typically below 50c, high risk, high volatile. You may join my facebook group "Trader Kakis Group" for real time updates(for member and by invitation only). Stocks with their close price.

Ausinno 0.143
Interra .405
Blumont 0.255
... Freightlinks .07
Gaylin .41
GSH .094
Gallant .29
IPC .146
UPP .39
Z-obee .122
AddvalTEch .08
GMG .135
UtdEnvirotech .48
Healthway .092
Informatics .143
JES .148
K1 Venture .139
PSL .255
TT int .174
ChinaTaisan .048

I'm Speechless...

Both stocks of local billionaire Mr. Peter Lim surged these two days. With Rowsley up by 120% and 54% gain for Informatics.

God Bless Us,Everyone!

Dear readers, may all have a safe, relaxing and pleasant holiday season.

Weekly Pivot

STI weekly pivot levels for the week start from 24 Dec are as below, note that S1 @3149 is also STI last weekly support(3150).

Wishing all a blessed season:))

R3: 3209
R2: 3194
R1: 3179
PP: 3165
S1: 3149
S2: 3135
S3: 3119

Weekly Wrap

For the week, STI -4.87 (-0.2%) at 3163.56, STI about 27 points below my target 3190, it formed small red candle after four weeks green. Immediate support 3150, resistance 3190 for coming week. We are having a short trading week as Christmas season, Monday Dec 24 is half day trading ends at 12.30pm, Tue market close for holiday.

Below table is major indexes performance for the week.

Err...Fiscal Cliff or DoomsDay?

Two things keep on bugging me these days...if you had to choose one to be real, then which one would it to be? US financial cliff or the doomsday? They seem like unlinked but there is one similarity to note--both are jokes come from some jerks.

Friday Indicator

STI has been trading in the sideway for the past four days in this week, within the range from 3150-3177, My immediate target at 3190 this week left one day to reach only, will STI rise 13 points to hit it today?

The usual Friday indicator levels will be very tight since STI in a narrow sideway range. I will look at immediate support and resistance levels at 3150 and 3190 respectively.

Stocks to Highlight:

Wilmar add 10c or 3.1% yesterday at 3.28( refer to previous post), its long time( 3mths) consolidation may come to the end with upside breakout. First target is 3.52.

Wilmar Breaking-out

Wilmar breaking out now, +10c at 3.28 (9.40am), plenty of room for upside, with first target 3.53.

Stocks to Watch

Asiasons
Ausgroup
Cache
Fraserscomm
HPH
Swiber
Supergrp
LionGold

Weekly Wrap

STI gained 61 points or 2% this week, closed at 3168. Four weeks consecutive up in a row. Another 22 points to reach 3190 target which I said in previous weekly wrap. It appears to me the target will be hit easily in coming week. STI buoyant by Hang Seng and Shanghai market this time. The S-chips are under spotlight now.

However, the US indexes are showing some bearish signals, within the uptrend still. Continue to watch uptrend line to be hold.

Friday Indicator

STI has been up and up in a straightline for past four weeks, another 31points to reach my target 3190. STI closed at 3159 yasterday.

Friday indicator levels for today:

61.8%: 3142
50%: 3136
38.2%:  3131

Kepcorp Poised to Move Higher

Kepcorp closed at 10.87 today, poised to move higher, with target at 11.5-11.6

STI Hit 16 Month New High

STI break to new high again to 3145, after it hit 16 months new high two days ago. We are another 45points to reach my target 3190( Yr2010 close). This is early Christmas gift for Singapore market, stocks are rising across the board. STI closed at 3141 today.

US market continue leading the rise.

STI hit New Year High 3139

STI hit new year high at 3139.4 yesterday and was profit-taking thereafter, closed at 3114 for the day. Market now rotate to focus on small/cheap stocks since the bluechips are already risen a lot.

Stocks to watch today:

Tat Hong,
YZJ
SC global

STI Pivot Level

STI pivot levels for the week start from Dec 10, 2012:

R3: 3186
R2: 3148
R1: 3128
PP: 3090
S1: 3068
S2: 3031
S3: 3011

STI 2010 close at 3190.

Stocks to Watch

Property counters such as capitaland and Hkland pushed the index higher last week. Below are some of property(or related) stocks in focus:

Sp Land: relatively "cold" stocks but looks nice chart.
OUE
Sembmar
Plife
Singpost
Cambridge
Soundglobal



Weekly Wrap

STI added 37 points or 1.2% closed at 3017.11, weekly high is 3010.51, almost exactly equal to this year high 3010.86. STI has had three weeks green candles in a row so far, rose 161 points or 5.4% in total.

STI next target is 3190( Yr2010 close) if it can stay above current 3010 level.

US market, three major indexes DJI SPX and nasdaq all buoyant by good jobs data. The major uptrend channel are supported very well.

Shanghai SSE index reclaimed 2000 level, closed at 2061, up 4.1% for the week,
Hongkong HSI index up 0.7% in the week, hit its major downtrend channel at 22380 thereabout. Next target is 23035(Yr2010 close) if it were moved higher.

Firday Indicator

Market is poised to open positive today. STI has been sideways for the past four days. Thus my Friday indicator levels are tight. The immediate resistance for STI is 3088.

61.8%: 3074
50%: 3070
38.2%: 3066

Stocks to Watch

ComfortDelgro
Noble grp
Swiber
Hiap Hoe

 Noble Grp: major support 1.05

Swiber:

Hiap Hoe

What Bugs Us

Fiscal Cliff Left One Month to Solve

Yoma Breakout Play

Yoma +2.5c @ 68.5c (11.07am), Triangle breakout with target @77c.

Weekly Pivot

STI weekly pivot levels for the week start from 3 Dec

R3: 3188
R2: 3135
R1: 3102
PP: 3050
S1: 3017
S2: 2965
S3: 2932

PP level 3050 is the gap bottom support level, R1 is 8 points below this year high 3110.

Weekly/Monthly Wrap

STI hit seven weeks high last week, closed at 3070. The weekly candle looks bullish indicate bulls are in control. We left one month for the year 2012, will we have Santa Clause effect this Dec?

STI formed a daily doji which indicate uncertainty. STI downside support to watch in coming week is the gap between 3048-3062, upside is 3010. Its monthly candlestick looks more bullish rather than bearish.

Major indexex performance for the week and Nov as below.

2 Monkeys Rejected Unequal Pay

This is good...fairness

UOB Reaching Target 19.0

UOB as my called on 24 Nov( click HERE), target is going to reach in one week. At 18.98 11.18am now. It rised for 89c this week. What a run.

STI One Month High

It's the last trading day of the week and also the month of Nov today.

STI made its monthly high at 3076, up 30points (10.30am). Take a look at STI monthly chart( life) below, take a look at the monthly candle, do you see a hammer or a hanging man? So what's your expectation for STI's Dec movement?

IndoAgri target 1.29

Indo Support 1.24, target 1.29.

Stocks to Watch

STI hit three weeks high today with 56 points gain, closed at 3045.9.

Bullish set up:

China MZ: closed at 83.5, support 81c, tgt 87.5c
Chinafish: at its multi year low since Apr 2009, @ 75c
Indoagri: target 1.29, closed at 1.25, sppt 1.24

ST Engg @ 3.62 Resistance, target 3.89 if break.

Ezion Target 1.50

Ezion breakout its resistance 1.43 just now, 1.44 @12.29pm. Target 1.50

SPH Target 4.28

SPH posted few days back (click HERE) moving up towards my target 4.28, currently 415 +3c.

Stocks To Watch

Bullish:

AscottReit
SuntecReit
SPH
Singtel

The above stocks is bullish today despite current sluggish market sentiment.


Bearish:
Olam

STI in Consolidation Mode

STI is in consolidation mode within two week high 3013 and support 3000, (3013-3000).

UOB, Singtel and starhub are supporting the index, as at 11.23am:
UOB +16c @18.42
Singtel +6c @3.23
Starhub +3c @ 3.66.

Stocks to Watch

SaizenReit

Sheng Siong

Weekly Pivot

STI weekly pivot levels for the week start from 26 Nov.

R3: 3053
R2: 3023
R1: 3006
PP: 2976
S1: 2959
S2: 2930
S3: 2912

STI two week high at 3013, watch if STI can ovetake two week for for further upside.

GOLD and USD

The USD is cracking downside, while the Gold ETF(GLD) is breaking to upside. $USD support support level 78.7, GLD next target 173.5. Good sign for the stock market if USD went down.

Stock to Watch

UOB
HPL
Starhub
SPH

Weekly Wrap

For the week,
STI gained 43 points or 1.5%, closed at 2989.
HSI +755 or 3.6% closed at 21914,
SSE +12 or 0.6% at 2027;

In the US, for the week,
DJI +421 or 3.3% at 13009,
SPX +49 or 3.6% at 1409,
Nasdaq +113 or 4% at 2966.

STI is a bit lagged behind the major indexes( except SSE which has been "sick" for long time). To catch up, STI will have to first overtake its two weeks high at 3012, in coming week. Downside support at 2904(50% fib)