Friday Indicator

Last trading of the week, last trading day of the month and last trading of the quarter as well.  Be ware of market window dressing.

Friday Indicator:

61.8% : 2844
50%: 2836
38.2%: 2828

Last week close is at 2828, I'm bullish for coming week if market closed above 2836.

Will update you again.

Long Candidates

Cordlife: breaking out its bullish chart formation pattern, more upside, 52c now.

Golden Agri: more upside if closed above the resistance 66.5c.

Breakout Play

STI ended very bullish with 36 points gain to close at 2841. What a window dressing for this month/quarter.
My recent few picks such as SATS, Starhub, CMT, Bioswensor have worked out pretty well. CMT mission completed.

Two counters with super high volume breakout in nice uptrend have been spotted out when I screen the market. My focus tomorrow for short term trade:

Intraco 64c
Metrohld 79.5c

Update you soon.

STI Rebound to 2830

1.40pm: STI at 2833, +28 points. STI opened at 2800 support today and all the way rebounding to 2830. Very bullish, blue chips such as the UOB, DBS, kepcorp, Sembmar, Sembcorp, Singtel rise the most. This week is month end and also quartely/half year end. Window dressing is one of the factor to drive up the market.

I still prefer to trade some of the hot stock, blue chips for a quick buck. Typically short term trading, as market is expected to be continue volatile. Some of the stocks for potential more upside move:

Ho Bee
Sakari
HKland

CapitaMall Breakout

CApitaMall Trust is breakingout its resistance 1.81 to upside, after nearly two months consolidation, more upside is expected with target 1.87.

STI Resistance 2830

STI dropped 12 point to closed at 2815 yesterday, lost momentum to upside as the Europe crisis emerges again. and it has no signs to be fixed any time soon...market will continue fluctuating. I will focusing on "buy low sell high", watch the support/resistance level, continue "fishing".

STI currently trading in the range 2800-2830.

Will update you again.

Biosensor Bottom Supported

Biosensor had a bullish reversal candlestick pattern with huge volume on Fri, bounced up from its support 1.105. Indicator wise, MACD histogram and line show bullish divergence sign. More upside is expected with immediate target at 1.175(20ma). it closed at 1.135 on Fri, a potential 4c profit.

Do take note this is a counter trend trading, biosensor is in downtrend.

Weekly Pivot

STI weekly pivot levels for the week start from 25th Jun.

R3: 2923
R2: 2892
R1: 2860
PP: 2830
S1: 2797
S2: 2767
S3: 2735

The first level I'm watching closely is 2830, if it close above it, more upside is possible.

Weekly Wrap

Hello everyone.

Major indices performance in the week:

DJI:  closed at 12640.78, -126.39 or -1%
SPX: 1335.02, -7.82 or -0.6%
HSI: 18995.13, -238.8 or -1.2%
SSE: 2260.87, -45.97 or -2%
STI: 2828.09, +17.09 or 0.6%

STI is the only market closed positive last week among the above major indices.  DJI and SPX are stayed well within its uptrend channel. STI open gapped down to 2800 support and rebounded on Friday. Immediate resistance is at 50% fib level 2860, then 2900 is the major resistance.

Market is rather tricky these days, the key point is to watch the important levels, do "fishing", don't chase the fish.Market is always fluctuating.

Below are DJI, SPX, and STI weekly chart.

Friday Indicator

Dow Jones tanked 250 points to closed at 12573.57 last night over China PMI decline and the cut of growth forecast by Fed. This maybe the first sign to end the rebound over past two weeks.

STI managed to close at 2830 support yesterday. If it lose below it today, the short term uptrend line as seen in hourly chart( refer to my previous post) will be broken to downside. Further drop is expected. Levels for Friday Indicator:

61.8%: 2846
50%: 2841
38.2%: 2837

This week numbers are very tight, as market in a narrow range over the past four trading days. So i will be focus on the fibo level and the gap support instead.
STI immediate support is at the recent gap 2800-2820. The 50% fib retracement mission completed. Refer to below chart.

STI Immediate Support 2830 Hold

3.19pm: STI -23 pts at 2832, it retreated today following last night US market. Dow Jones dropped a bit 12 point last night.

There is no major selling pressure for now, STI is still on track of nice uptrend in the short term. STI immediate support is 2830, which is its weekly R1 level, then weekly pivot at 2795. I'm not too worry as long these two levels hold. STI low of today is 2828.22 till now.

I have few stocks in sight for upside move:

HL Asia: at 1.62 resistance now, ready to break.
Sakari: pull back to its 20 ma at 1.33
Hyflux: the breakout level 1.25 holding well, at 1.27 now
Sats: at 1.63 resistance now, slowly moving up

STI 60mins chart in nice uptrend( real time)

Reasons for High Dividend Stocks

Refer to my post "High Dividend Stock" in two posts back, or click here: http://www.sgtraderclub.com/2012/06/high-dividend-yield-stocks.html

I thought the idea to invest in high dividend stocks are pretty simple, just do a simple calculation below:

There are total 24 stocks in the two groups of High Dividend stocks, and each one will give at least 5% dividend yield per year, assume we are to buy all 24 stocks to form a High Dividend Stock Portfolio, total expected dividend yield is therefore:

120% = 24 x 5%That is total 120% dividend yield return if based on the minimum 5% dividend yield. The idea is buy group one stocks when they are quite low, then when market rebound, you have not only dividend gain but also good capital gain.

SATS: Ready for Breakout?

SATS has been sideway consolidating for over two months already in a nice uptrend, it appears to me it may breakout to upside anytime soon once it crossed above 2.62... with target at 2.75 in sight.

High Dividend Yield Stocks

When market dropped very low, it's a good time to pick up some of stocks with strong financial background, those high dividend stocks have performed well this quarter. High dividend stocks are a good way to focus in this kind of mixed and volatile global economic backdrop, especially if you are defensive player, aim for good return (say >5%) in mid to longer time horizon. Below are the stocks with at least 5% dividend yield, this is the update for my previous dividend picks, please refer to my May 10, 2012 post or click HERE.

As for me, I will focus those stocks price above 50c, mid to big caps, I separated them further into two categories, one is trust and Reits and another one group is non-trust/reits stocks, please note the dividend yield is based on estimated FY1, i.e. forecasted for next year 2013.

Group One( 11 stocks):

Stocks above 50c, dividend yield above 5%, non-trust/reits:

Venture 7.1%;
Singpost 6.1%;
Starhub 6%;
SPH 5.9%;
SATS 5.9%;
M1 5.9%;
CSE 5.5%;
ST Engg 5.5%;
Singtel 5.1%;
STX OSV 5.1%;
SIA Engg 5%

Group Two( 13 stocks):
Stocks above 50c, dividend yield above 5%, trust/reits:
Cache 8.0%;
Ascott Reit7.9%;
First Reit 7.8%;
FrasersComm Trust 7.2%;
Mapletree 7.2%;
Fortune 7.1%;
CapitaRetails China Trust 7.0%;
Suntec 7.0%;
Starhill 6.9%;
Ascendas 6.8%;
CDL Hospitality 6.6%;
Frasers CT 5.6%;
CapitaMall 5.6%

First 20 stocks with dividend yield above 5%:

Data from OCBC Research dated 120620.

Next 14 stocks with dividend yield above 5%:

Data from OCBC Research dated 120620.

Hyflux Bottom Out

Hyflux breaking out from its bottom consolidation at 1.27 now. Target 1.35

Kepcorp

Kepcorp standing just above its 10.3 support, nice bottom out formation, more upside, with target at 10.7

Euro Crisis(Updated)

Sakari Resource

Sakari Res was badly battered in this round of selling down. It dropped from its peak (6months high also)2.6 to as low as 1.16 last week, more than 50% drop. It had a consolidation over the past two weeks in between 1.16 to 1.3, and moved higher yesterday. It was expected to continue rebound if it break above the gap resistance 1.37.

I have two target price: 1.50 then 1.70.

You Have not Missed Sembcorp yet

Sembcorp formed a strong base below 4.95, it had a breakout on 11th Jun, then pull-back to tested 4.95, moving upside again yesterday. More upside with target 5.18

HKland US$

Hkland has had a breakout from its bottom consolidation area, expected more upside with target at its 50% fib level 5.88

Greece Election Positive for Stocks

The Greek decided to stay in the Euro zone and stick to the bailout commitment. The Greeks are crazy but they are not insane. The fat middle class wants to stay in the Euro.

Ok, market poised to move higher. Long candidates for bottom out play:

Sembcorp
Sembmar
Kepcorp
YZJ
Ezra
STX OSV

DBS
SGX
Kepland
CMA

Lottery Play:

China Taisan

Weekly Pivot

STI weekly pivot level for coming week start from 18th June:

R3: 2884
R2: 2849
R1: 2830
PP: 2795
S1: 2776
S2: 2741
S3: 2722

Will update you again after Greece election result come out.

Weekly Wrap

STI closed at 2811 this week, gained 73.11 points or 2.7%. It's exactly the same level in what I expected in my previous Weekly Wrap:

This is how it looks in latest weekly chart below:

For the coming week, given so much uncertainties which will affect market, it's difficult to anticipate which direction it will go. Greece election result would possible make this market very volatile in coming week.

However, just "ignore" all other factors and look at it from Technical Analysis perspective, STI appears to me bullish and it just hit 2811 resistance. The next major resistance will be 2919( my long time frame 50% level), if STI to continue rebound.

Let's see how Greece election result on this Sunday.

STI Lifting Up

3.54pm: STI +32 at 2805.

It's super bullish today, with all blue chips going up, from TA perspective, stocks poised to move higher. I will still buy even though Greece election result give some uncertainty. Trade what I see, not what I think.

Long candidates:

Sembcorp
Sembmar
Kepland
YZJ
Osim
Noble
SGX
Kepcorp

Friday Indicator

Good morning

It's the last trading day of the week. and We are ahead of Greece election on this Sunday. Do we rush in to the market and only see a pop up on good news from the election? or short first see a jump off? either way we can make money a lot or lose. Or there is another way---stand aside. Sun Tze in his Art of War says: "DO NOT initially engage a competitor unless you are prepared." (孙子兵法:不打无准备、无把握之仗)

Friday Indicator levels:

61.8%: 2783
50%:    2779
38.2%: 2774

The levels are in a tight range as this week action most in narrow range trading. I'm bullish bias if STI close above 2779 today.

Latest Newsweek Cover

In its inside page, it says: Europe doesn't have years. It may have only days. As I'm reading through the analysis reports, most of them are bearish. I'm bearish too but do always expect the unexpected.

Starhub Breakout

Starhub outperform the benchmark index and all other blue chips, it just continue move up its own way, not affected by the general market sentiment at all.

Important Timeline In Coming Days

Good Morning.

I want to highlight the important timeline which I posted few posts back again, as I think it's important for every readers here to know.

17th Jun( this Sunday): Greece new election
18th-19th Jun( Mon & Tue): G20 meeting, where the 20 major countries leaders will discuss financial and economic issues.
19th-20th Jun( Tue & Wed): US Fed FOMC meeting, Fed committee will discuss interest rate, and possible economic stimulate plans.

The immediate question is what will happened if some bad news from the greek? what actions will the leaders and goverments around the world take or prepared to take? I don't know but I think there are great opportunities for investors and market will be watching closely.

STI basically flat yesterday, it trapped between 2780-2800 range the whole day, waiting for new direction. In US, SPX and DJI retreated a bit at their resistance level, but not massive selling yet.

Will update you again.

Kepland Bottom out

Kepland breaking out from its double bottom formation, now at 2.98, target is 3.12.

Noble breaking out its resistance 1.13, now 1.16, immediate target is 1.2.

US Market Retreated

Good morning.

The US market ended negative. Dow closed at 12411, down 142 points. SPX and Nasdaq retreated after hit their resistance level as well. Pretty much a short-lived rebound as market focus on Greece crisis again. As the Greek may exit Euro zone after 17th June new election.

STI immediate support 2780 then 2740.

Dow Jones:

Euro Crisis Update (3)

Long Candidate

I loaded few blue chips as they turn bottom out, long candidates:

Venture
Sembcorp
SGX

Weekly Pivot

STI weekly pivot level for coming week start from 11 June.

R3: 2858
R2: 2818
R1: 2778
PP: 2738
S1: 2698
S2: 2659
S3: 2619

Weekly Wrap

Finally, after four red candles in a row, STI formed a green candle this week( weekly chart). It rebounded from 2700 support and closed at 2737.89 this week, missed 2 points of my target pivot level 2740( refer to my previous post). Anyway, It's a bullish sign for me. Market may continue rebound if we continue have positive news from Europe. The next resistance I'm watching is 2811 trendline resistance.


DJI trendline has been hold so far, it rebounded to closed above its trend bottom line this week. Bullish sign.

SPX continue its sideway action in the range of 1258-1343. Sideway.
Hang Seng formed a green candle after hit its support 18433 level, bullish sign.

Sit Back, Relax.

Friday Indicator

Good morning everyone, it's the last trading day of this week again. STI managed to rebound up after it hit 2700 support on Monday, it closed at 2759 yesterday, a 59 points gain for the week so far. The rebounce is kind of short-lived and weak as the selling pressure is still dominate.

It's only good for short term trading--intraday or two days, for current market. I will remain nimble, fast in and out to lock any profit. Below is my special Friday Indicator numbers:

61.8%: 2748
50%: 2740
38.2%: 2730

The immediate support for STI is 2748, and I will be bullish-bias if STI can be CLOSED above 2740 today.

Long Candidate

4.30pm: STI +45 at 2757, local market today rebounding strongly along with good news from EU agrees to act on Greece crisis.

I have below counters for a short term quick profit(short term trading):

Sembcorp
NOL
STX osv
DBS
Sakari
Capitland
CMA
Dukang

The above counters trigged buy signal today.

Jardine C&C

Jardine C&C has break down its long term major uptrendline( blue color channel), it's currently trading in the short term downtrend channel( red color), it touched its bottom support 40SGD and rebounding with target to 43.8.

The Timeline

June 17: Greece new election date
June 19&20: US Fed FOMC meeting

It's expected market will watch news in the above dates for new direction--up or further down. Some of the major indices break down their 200ma already:

US:
DJI: broke 200ma 12250 on 1 June, it closed at 12127 last night;
SPX: broke 200ma 1284 on 1 June, it went lower Monday but closed rebounded at 1285 last night;
Nasdaq: broke 200ma 2760 on 1 June, but it closed above it last night at 2778;

Asia:
HSI: below 200ma since 16 May 2012
SSE: Always stayed below 200ma for one year!
STI: below 200ma since 15 May 2012
Nikkei: below 200ma since 9 May 2012

Asia market is much weaker as compare to the US with respect to their 200ma.

STI Bounced at 2700 Support Level

STI hit as low as 2698.9 yesterday-- its lowest since the beginning of this year, thus giving back ALL its gain this year. yes it has dropped for about 330 points from its peak this year at 3030. Well.... it reminds me the great saying: whatever goes up must come down.

STI at 2700 major support level now, the next major support is 2650. Below chart shows a clear picture. At this juncture, I expect market will have a rebounce--technically.

Weekly Pivot

STI weekly pivot support and resistance levels for the week 4/6-8/6:

R3: 2865
R2: 2838
R1: 2792
PP: 2765
S1: 2719
S2: 2692
S3: 2646

S3 at 2646 is exactly last year close level as well. Such a coincidence.

Weekend Wrap

This week is also the end of May, a bloody month worldwide... below I have summarised the major indices performance for the week and month.

STI Weekly:
STI closed at 2746 this week, another 100 point to its major support 2650(2646 is STI last year close). The weekly candle looks very bearish still.

DJI Weekly:
Dow Jones just broke its support 12217, next support is 11570, which is its 2010 close. Weekly candle looks bearish.

SPX:
S&P 500 closed at 1278 this week, another 20 points to its major support 1257, which are previous two year's close as well. Candlestick looks bearish.

Nasdaq:
Bearish candle, next support 2653-2600.

HSI:
Hang Seng already dropped to its last year close 18434 support, see if it can hold at this level.

 Nikkei:
Bearish weekly candle, in a major downtrend channel, likely drop to its channel bottom line.

 SSE:
Shanghai is the only one index which ended Green this week. It rebounded a bit at up trendline support.