Weekly Pivot

STI has been consolidated in the range of 3033 - 2950 for past two months already, it's in the middle of the range last week. In this kind of side way market, the best strategy is to buy at support and sell at resistance or vise versa.

I'm having STI weekly pivot below for this week:

R3: 3036
R2: 3016
R1: 2979
PP: 2979
S1: 2961
S2: 2941
S3: 2924

Friday Indicator

It's last trading day of the week, I'm having my Firday Indicator below for reference.

60%: 2981
50%: 2976
38.2%: 2972

I'm bullish if STI closed above 2976 today.

Cosco Major Support: 1.06

Cosco hitting its major multi-year support level 1.06, I'm looking for a possible rebounce from here.

FrasersCT Breakout

FrasersCT has broken out from its major consolidation area and moving up steadily, with target at 1.65.

Penny Stocks under Spotlight

STI has hit its historical high( I can't trace back data before Jul 2010, but it certainly the highest since then) of 5,121M shares transacted today, while its value on the historical lower side--only 980.1M SGD transacted. The average price is 0.19c. What it tells me is the penny stocks are getting super hot.

I have filtered out the list of stocks to focus for tomorrow and in coming days:

Magnus
AEM
EuNetworks
Federal
HLH
Lifebrandz
TT
Thakral
Unifiber
Vallianz
Plastform
JEL

Warning: Penny stocks are meant for speculation, they are typically high risk, very volatile cheap stocks.

Weekly Pivot

The Straits Times index extended its consolidation on Friday. After the closing bell, 53% of the index constituents are above their 20D MA (vs unchanged from Thursday), and 53% of the shares are above their 50D MA (vs 60%). From a technical view, the index still remains in consolidation, but holds well above both its ST & MT MAs' support.  ------- From Trading Central

STI weekly Pivot Levels:
R3: 3058
R2: 3034
R1: 3014
PP: 2991
S1: 2971
S2: 2948
S3: 2928

Lottery Play List(updated)

The penny stocks are getting very hot recently. with reference to the total volume and total value transacted in the last two trading days below from SGX website. The huge divergence between higher trading volume and unchanged value telling me the penny stocks are in the favor of investors.

Below list I summarized the most potential penny stocks, are expected to move higher in coming days. They are typically are super high volume(> 1,000,000), in nice uptrend or just breakout.

Warning: by lottery I mean the stocks are generally less than 50c, high volatile, high risk, news driven, and are generally for speculation.


Arivision
Fragrance
DMX
Freighlinks
HLH
Informatics
IPCo
JEL
LippoMall
MDR
Rowsley
Sin Heng
TT
Teledata
UPP
Vallianz

And I have another three counters are "better" than the above penny list, in terms of price.

UE E&C
LionGold
Hiap Hoe

Dividend Play: UE E&C

UE E&C moving up again today, as it approaching its dividend XD on 2 May, refer to my post on 21 Mar: Two Dividend Play

SuntecReit Breakout

Suntecreit breakout on high Vol. More upside expected.

Noble Grp

Noble Grp has been beaten badly since mid Feb, retreated to its 61.8% fib at 1.25, and its gap support is at 1.225-1.24, I'm watching for possible reversal signal at this area for a rebounce.

Lottery Play (Hot list)

Recently there are some penny stocks very hot, which can generate great return if you caught them. Below are the hot stock list:

Warning: by lottery I mean the stocks are generally  less than 50c, high volatile, high risk, news driven, and are generally for speculation.

UPP
TT
Yoma
Interrra
Sin Heng
JEL
Rowsley
TiongWoon

Genting Sp Nice Uptrending

Good morning everyone.

STI closed just above 3000 yesterday. I'm bias to upside as long it stays above the weekly pivot point 2980.

We are expecting many companies earnings reports and dividend from now till early May in the US and Singapore as well. So corporate earning will be closely watched.

Genting sp in nice uptrending now.

Stocks in Focus

Biosensor: dropped 8.9% today. Value area is below 1.41
Capitaland: 2.88 support
Interra: very bullish
K-reit: Very bullish, breaking out main trading range
NOL: 200ma 1.25
QAF: very bullish
Suntecreit: breakout >1.26

MACD bullish reversal:

YZJ
Otto Marine

Weekly Pivot

Following US market's drop, STI opened down this morning but the low of 2970 is holding for now, it's trading at 2975 -12 points as at 9.32am.

The selling is under control, stocks such as Kepcorp, Hkland, Genting sp, First Resources are still holding well.

STI weekly pivot point for this week:
R3: 3074
R2: 3040
R1: 3014
PP: 2980
S1: 2954
S2: 2920
S3: 2894

Friday Indicator

A big congratulation to those who bought kepcorp, as I posted few posts back. "Mission Completed" for it. Kepcorp up 37c at 11.61, overshoot my target price at 11.55.

Friday Indicator for today:

STI last week closing at: 2986.2, STI up 21.12 points at 2999.26 (9.27am), we are likely having a positive week if STI can closed above 2986.2, which indicator a bullish sentiment. The three levels to monitor for today.

61.8%: 2969
50%: 2964
38.2%: 2960

Long Candidates

Good morning, market bounced yesterday. I have below stocks in focus with their yesterday's closing price.

UE E&C : 72c
Osim: 1.265
CMA: 1.575
Noble: 1.33
STX OSV: 1.72
Kepcorp: 11.24 (breakout)


New IPO started trading today: Civmec, IPO price: 40c.

Myanmar Related Company

There are three stocks directly related to Myanmar:

Yoma
Interra Res
Sin Heng

Market Outlook

Dow Jones Industrial Average Index
Dow got a big tumble last night as it lost 213 point to closed at 12715.93--its major trendline and horizontal support level. I'm expecting Dow could get a bounce from here, after its retracement for five days in a row.

S&P 500
S&P 500 dropped to its uptrend line support last night, closed at 1358.59. It's major horizontal support is at 1344.

Hang Seng Index
HSI dropped 215 points today to closed at 20140.67, it tested its major support 20,000, low of today is 20035.

Straits Times Index
STI dropped 36 points to closed at 2946.44 today. Just above its minor support 2945 and the next major support is 2900. Big picture uptrend is intact but short term wise, the momentum is bearish.

The Myanmar Factor

There are two counters ralated to Myanmar are getting hot these two days, investors are positive on Burma's economy as opposition leader Aung San Suu Kyi won the election.

The two stocks listing here: Yoma and Interra Res, both have gained for more than 25% and 44% over past three trading days. Yoma closed at 62.5c and Interra closed at 49.5c today.

Kepcorp Breakout

Kepcorp had breakout today. More upside is expected with target 11.5, a 50c profit target.

STI Get Bounced

STI get supported at 2960 yesterday, it's rebounding together with the Euro. Some relief news of the crisis?

STI up 12 points to 2972 now(9.54am), the long candidates for uptrending stocks in focus, with their current price:

Genting sp 1.68
Orchard Parade 1.795
Kepcorp 11.05 ( need to break and close above 11.05 for breakout play)
NOL 1.415
Amtek : 0.725
GLP 2.14
Good pack 1.83

Weekly Pivot Point

STI weekly pivot points:

R3: 3092
R2: 3063
R1: 3024
PP: 2995
S1: 2957
S2: 2927
S3: 2889

STI down 25 points at 2961 now. Supported by S1.

Bullish on Genting Sp

Genting sp filled its big gap on last week, sitting above its major support. Immediate target at 1.74.

STI Downside Potential

STI "Big Picture": Trading towards downside to 2900 become possible

As shown in below STI daily chart, it unable to break the effective 3025 resistance since mid Feb 2012. The cluster of sideway bars on the top of the chart become obviously a distribution rather than accumulation to me now. The distribution started to accelerate yesterday "ignited" by the fall of mighty DBS.

In the bigger picture, the general upside is still intact as long 2900 support hold. But short term retreat in coming days become possible.

STI Short Term picture: Bearish
My "Friday Indicator" got four days only this week as market will be closed tomorrow for holiday. STI closed at 2985 yesterday, the 50% middle wave level is at 3009, given bearish sentiment from the US market, there is a minimum chance for STI to rebound up to above 3009 today. 2990 will be the immediate resistance level.

61.8%: 3015
50%: 3009
38.2%: 2996


Latest update @10am:
STI down 13 points at 2972 now. Support level is Fib 261.8% at 2967. Immediate resistance is 2990.

Commodities are Weakening

STI retreated back to its trading range support level at 2995 now, dropped 19 points at 2995.9( as at 3pm).

The mighty DBS dropped 28c to 13.5 now, one of the major constitute dragging down STI.
Among all major sectors, I've seen the commodities sector remain weak, stocks including indoagri, olam, Noble, Sakari and wilmar all break down to downside( except Olam at support).

Latest Update (4.07pm):
STI drop further to 2988 now, down 27 points.

Long Candidates

Genting Sp: It's well supported at 1.705 so far, remain bullish for more upside. Target 1.85.

SoundGlobal: take off from its support 58c yesterday, more upside.(Refer my post on 22 Mar: SoundGlobal Support 58c)

Amtek:

Biossensor:

IndoAgri Ready to Take Off

IndoAgri 1.58 now. More upside expected.

STI Weekend Wrap

STI has been trading within the range of 2995 - 3015 within past four days, in fact it's lasted for six weeks--for the sideway action, simliar to other markets too. But STI is still in the positive side, my trading plan is buy at support sell at resistance, and get ready for a breakout. Below is the 60mins chart for STI.

STI weekly pivot points:

R3: 3072
R2: 3046
R1: 3028
PP: 3001
S1: 2984
S2: 2957
S3: 2939