Hotel Property In Play

While STI had little change yesterday, there are few counters related to hotel properties caught my eyes, they are:

wheelock 1.93,+13.5c(7.5%)
Orcharld Parade, 1.85, +8c(4.5%)
Hongfok: 0.645, +7c(12.2%)
HPL: 1.99, +7c(3.6%)
Amara: 0.435, +3c(7.4%)

STI Blowing to North

2.21pm: STI + 36 at 3011 now. It has broken its downtrend and reversed to upside on its 60min chart. More upside is expected.

Long Candidates with current price:

Capitaland: 3.11, breaking out from its consolidation area, Resistance 3.08 now support
Yanlord: 1.265, at its bottom
William: 5.02, turns up from bottom
Amtek: 0.73
Genting sp: 1.74

Bullish Reversal Candidates

Cosco
Yanlord
Kepcorp
YZJ
Sembmar
Sembcorp
Amtek

IndoAgri
Sakari
Olam
Noble

Weekly Pivot Point

STI weekly pivot point for the week:

R3: 3071
R2: 3050
R1: 3020
PP: 3000
S1: 2970
S2: 2949
S1: 2918

Weekend Wrap

The Dow Jones Industrial Average Index had a rebounce from its 13000 key support level on Friday, ended up with 34 points gain to closed at 13080.

Local benchmark STI did not follow through on its downside broke( refer to previous post with STI 60minutes chart), it managed to bounced back up to where it broke down at 2990 on close. From a technical perspective, it telling me that the bulls are still in control. In a bigger picture, STI is still in a range sideway consolidation from 2960-3030, STI has to clear 3030 before further upside move.

As for the individual stocks, some of the long candidates under my radar for coming week:

Genting sp: breakout from its triangle formation, more upside is expected with target price at 2.0

Below counters are at their support level:

Olam
Indoagri
Wilmar
Sakari
Kepcorp

STI Lost 3000 Support

STI unable to keep the 3000 benchmark yesterday, dropped 26 points to closed at 2979 yesterday. In short term view, STI turned to bearish now. Next support is at 2968-2956, where 2968 is the weekly S1, and 2956 is the fib target.

In the longer time view, STI uptrend is still intact, with major support at 2960, then 2935. STI weekly chart below.

SoundGlobal Support 58c

SoundGlobal has retreated near to its major support at 58c over past five weeks( including this week). I'm looking for signs of a bounce back from the support area, with target to 78c.

STI 3000 Support Hold

STI ended up +2.90 at 3005.63.

Stocks focus for tomorrow for long ,as they shows signs of reversal.

Kepland
Genting sp
Noble
Sakari
Olam
Amtek
Hyflux

Two Dividend Play

1. GUTHRIE GTS LTD

Dividend: 0.055 SGD
XD Date:  3 May
Current price: 0.64
Dividend to Current Price yield:  8.6%

2. UE E&C LTD.
Dividend: 0.06 SGD
XD Date: 2 May
Current price: 0.635
Dividend to Current Price yield: 9.4%

STI in Sideway Consolidation Mode

STI has been trading in the range between 3030 to 3000 for the past five days, market is relatively quiet with total volume decreased a bit.

Overall STI is still positive and general uptrend intact. I'm relatively quiet and have little to update at this point of time. Watch out 3000 for the immediate support.

Will update you again.

Weekly Pivot Point

It's 30 minutes to market close. STI has retreated from as high as 3030 today to 2986 now (4.33pm). Dragged down by Hang Seng (-203).

STI weekly pivot point for the week:

R3: 3122
R2: 3079
R1: 3045
PP: 3002
S1: 2968
S2: 2925
S1: 2891

Stocks in Focus for Coming Week

I believe there is no definite "high" or "low" stocks, the "high" and "low" are only in comparison as what seems high to the mass will generally go higher, and what seems low can go lower...

Below are the counters are at their main support level, at "low", got bullish reversal candlesticks,( with support level):

ChinaMin Zhong: 0.97
Pfood: 0.595
StatsChp: 0.495
CNMC: 0.51
Soundglobal: 60c

Stocks breaking out:
Liongold
Mapletree Comm : 87.5 c support
STX OSV: 1.73 support
Suntecreit: 1.24 support

Friday Indicator

STI hit 3035.78 high this morning-- also its six month high ( since Aug 2011), it's 3024.47 now (10.55am).
Quiet a bit but still firmly positive.

Friday special indicator shows me STI is bullish as long STI closed above 50% level at 2997.

61.8%: 3006
50%: 2997
38.2%: 2988

CapitaMall Retraced to Support

CapitaMall retraced to its support at 1.79, I'm lookinf for reversal signal to buy.

Long Candidates

STI has been sideway for the whole day, it down a little to 3020, -5.

Hi-p worked out pretty good, +5 at 95.5c now, 5.5% up today. Amtek back to near its support, 71c now.

I have another two "fish" to catch:
1. NOL
Breaking out of its symmetric triangle now, 1.455, +2.5c, projection target 1.67

2. Biosensor
Reversed from its bottom and had a breakout its downtrend line resistance today.

STI Closed Above 3000 Again

Four weeks ago, STI attempted 3000 for four times and unable to stand above it, it retraced down to tested 2905 support and has rebounded. It closed at 3026.4 today, gained 37.33 points--successfully crossed above 3000 barrier again--for the fifth time.

The blue chips are positive across the whole market. I have the two counters in sight for tomorrow.
Amtek

 Hi-P

Stocks Rebounding from Support

12.48pm: STI +21 at 2983 now. Stocks are rebounding cross all blue chips. Long candidates for stock hit their support and poised for more upside move:

Guocoleisure:
Support 61.5c, now 62c. Target 67c.

Sakari:
It tested its gap support 2.40 yesterday, rebounding strongly now. 2.49 +10c now, more upside towards XD dated on May 3.

STX OSV:
Strong uptrend intact well. now 1.715.

 Chinaminzhong:
50ma support at 98c, 99c now.

 CMA:
nice uptrend, 1.605 now.

Weekly Pivot Point

STI closed at 2963.15 last week, exactly its 61.8% at 2963( refer to previous post '"Friday Indicator"). STI total volume continue shrink from this year's peak over 3000 to around 1200 on Friday( daily), which indicate lack of big transaction in the market.

Below is the STI weekly pivot point for this week:

R3: 3097
R2: 3047
R1: 3005
PP: 2956
S1: 2914
S2: 2864
S3: 2822

Friday Indicator

It's time to update on Friday "special" indicator. Its levels for the week's STI are:

61.8% @ 2963
50% @ 2952
38.2% @ 2941,

STI is at 2971 now (4.55pm). It's bullish if STI stays above 50% @ 2952.

Friday Laughter

Achar Singh buys the new Automatic BMW X8 sport.

He drives the car perfectly well during the day, but at night the car just won’t move at all.
He tries driving the car at night for a week but still no luck.

He then furiously calls the BMW dealers and they send out a technician to him.
The technician asks “ Sir, are you sure you are using the right gears?”
Full of anger Achar replies “You fool, idiot man, how you could ask such a question, I'm not stupid!
I use D for the Day and N for the Night...”

Long Candiates

STI recovered most of its loss on early this week, it closed at 2970, gained 57.22. STI is going to knock 3000 level again.

Below are the bullish counters set up with MACD "4R1G" and high volume:

Citydev
CMA
CAO
ChinaminZhong
EZRA
HL Asia
Yanlord

STI Rebounding

11.21am: STI +34 at 2947. Blue chips are getting a rebounce now. Bullish counters:

TigerAir
Hl Asia
China MingZhong
Sembcorp
Amtek
CAO
Olam
Noble
Sakari
HoBee

Olam and Wilmar

Olam and Wilmar were selling off heavily to their major support level, watch closely for bottom out.

Wilmar below 5.0 already, it may rebound any time soon.

STI Tested 2900--2918 Support

9.38am: STI 2923, -9point. STI 50% mark at 2918 support is holding by now. It went to as low as 2906 and quickly rebounded.

Two Candidates Rebounding from their Support level:

Sakari: reboudning from gap support 2.35-2.4

Noble Grp: rebounding from 50ma support 1.32

Worldwide Selling Off

World Indinces closed sharply down last night. Bears are in domination.

Data from liveindices.com

STI Retreated Sharply

The stocks did not rebound as what I expected, they were sell-off sharply today. STI dropped 59.79 or 2% to close at 2932 today.

STI first support is at 2918 (50% middle wave), then 2900-- the important psychological level. If these two support level can't be hold. The 61.8% @ 2885 ( the whole rebounce from last year close 2646 to recent high of 3032) will be the 3rd support level to watch for a rebounce.

Click to enlarge

Long Candidates

Long candidates I'm looking at:

HKland
FnN
Biosensor
Wilmar
Sakari

Wilmar Reaches Its 2.5 Month Low

Wilmar closed to its 11 weeks low at 5.01 yesterday. Major support is at 5.0, do watch for a possible rebounce.

FTSE Sector Index Components

By following top-down analysis and bottom-up implementation, we should have a "big picture" of the whole market by looking at the indices performance, then we can narrow down to sectors and individual stocks for entry and exit.

Below is FTSE Singapore sector index component stocks, data source is from FTSE.com

Long Candidates

Market has been quiet these days, but STI still bullish bias and its uptrend is intact. The banks are relatively "stronger" as they have been consolidated in a narrow range rather than retraced down.

Long candidates:

UOL
CMA
Hkland
Indoagri
UOB

STI Pivot Point

Below is the STI weekly pivot point for coming week:

R3: 3086
R2: 3048
R1: 3021
PP: 2983
S1: 2956
S2: 2918
S3: 2891

Morning Notes

SGX
What to look for: Breakout from its consolidation. More upside move is expected if it stay above 7.2


GoldenAgri
What to look for: Bounce from support 72c.

Wilmar
What to look for: Bounce from 5.0 support

Skyone: Lottery play
What to look for: Breakout 17.8c resistance

STI Retraced

3.10pm: STI -15.3 at 2978.  In overall STI uptrend is still intact, it has retreated back to the gap support area between last two days( filling the gap). The gap is overlap with fib retracement level 61.8% at 2979 and 50% 2972 level too.

Some weak counters has broken their support on intra-day baisis, including:
Hyflux: 1.43 support broken
Amtek
Ezra
Osim

The banks are holding well.
Next major support is 2946(S1) if it the gap support can't hold.

STI Monthly Performance

We had the month of Feb finally ended. STI gained 87.37 points or 3% in Feb, second month up this year. In Jan, STI rose 260.34 or 9.8%. Overall, market is bullish, in a uptrend market, it's good opportunity to buy when market retraced.

Below is the monthly line chart for STI