Month End Window Dressing?

The US market will reopen its normal trading operation after two days of shut down due to Hurricane storm--its longest weather related shutdown in more than a century.

Market is looking forward the market trading as it's a last day of the month. All funds and institution investors will need to "sort" their positions for the month.

STI closed above 3035 level at 3038. Below are some of the bullish set-ups:

Semmar: hammer candlestick
Hyflux
PlifeReit
Hi-P

Singapore REITs Result Release Date

Corporate Result for Oct/Nov

Corporate result announcement date. Below information are from 3rd party, I did not verify the accuracy of the info. You may wish to take it as reference only and do the verification yourself.

1. CDL HTrust -- 30th Oct 2012

2. SIA Engg -- 30th Oct 2012
3. SingPost -- 30th Oct 2012
4. IndoAgri -- 31st Oct 2012
5. SMRT -- 31st Oct 2012
6. CitySpring -- 1st Nov 2012
7. Cambridge Industrial Trust -- 1st Nov 2012
8. ARA -- 1st Nov 2012
9. DBS -- 1st Nov 2012
10. SIA -- 2nd Nov 2012
11. Cosco -- 2nd Nov 2012
12. Great Eastern -- 2nd Nov 2012
13. StarHub -- 2nd Nov 2012
14. SembMar -- 5th Nov 2012
15. SATS -- 6th Nov 2012
16. A-HReit -- 6th Nov 2012
17. Ezion -- 6th Nov 2012
18. UOB -- 7th Nov 2012
19. ST Engg -- 7th Nov 2012
20. Plife -- 8th Nov 2012
21. SembCorp -- 9th Nov 2012
22. Wilmar -- 9th Nov 2012
23. SBS Transit -- 9th Nov 2012
24. Saizen REIT -- 9th Nov 2012
25. ASL Marine -- 9th Nov 2012
26. OCBC -- 9th Nov 2012
27. ComfortDelGro -- 12th Nov 2012
28. Genting SP -- 12th Nov 2012
29. GoldenAgr -- 12th Nov 2012
30. GLP -- 14th Nov 2012
31. CityDev -- 14th Nov 2012
32. STX OSV -- 14th Nov 2012
33. SingTel -- 14th Nov 2012

STI Selling Off

STI dropped 27.9 points or 0.9% on Monday, closed at 3029.61. Its one month low is at 3021, STI close also below the trading range 3035-3088, which tells me STI heading south now, be prepared for more downside move.

If it dropped below one month low at 3021, my next target is 2966 which is 161.8% fib level  also STI 200ma.

HPH Trust $SD

HPH Trust SGD hit its 38.2% fib retracement level at 93.5c today, after it dropped from recent high of 1.06, a rebounce from this level at 93.5c would provide good long entry signal with target at 100% @ 1.06.

Bullish Set up

Below are bullish candlestick(week):

Sembcorp
Venture
Starhub
Civmec

Sembmar is at range trading bottom level.

Weekly Pivot

STI weekly pivot level for the week start from 29 Oct.

R3: 3106
R2: 3084
R1: 3071
PP: 3049
S1: 3035
S2: 3014
S3: 3000

Where S1@ 3035 is confluence with horizontal support level, S3 @3000 is the important psychological level. the range trading is 3025-3088.

Weekly Wrap

Good morning everyone.

STI had small gain of 8.59 points or 0.3% for the week, still in the sideway action within 3035-3088 range. It had a big bloody red bar three weeks ago with pretty bearish reversal candle but did not follow through in subsequent two weeks. Market is still holding well for possible upside move.

For the time being, continue watch 3035-3088 trading range for support and resistance.

Silent Mode

I'm going off tonight for my holiday and only be back on Sunday. There will be no updates here until then as Internet access most likely will not be available. As Friday is a public holiday, I wish you enjoy your long weekends.

Interesting Pic

If you see a side face, you are using your left brain to think and u r good with logical thinking.

If you see a front face, you use your right brain thinking and you are good at artistic creations.

你第一眼看到的是正面還是側面??? 據說

看到正面的慣用右腦思維，擅長藝術思維；

看到側面的慣用左腦思維，擅長邏輯思維。

IPO: Dynasty Reits

Dynasty REIT was launched last week and will be Singapore’s first Renminbi (RMB) denominated Real Estate Investment Trust (REIT). It has been established with the investment strategy of principally investing in income-producing commercial real estate located in Mainland China, as well as real estate-related assets. The closing time for the IPO is 12pm, 24 October 2012, with an afternoon listing on SGX scheduled for 30 October.

The Edge magazine this week bullish on Reits sector.

Source: The Edge

Hi-P Hit Major Support

The Apple related stock Hi-p recently following Apple's nose-diving, it has dropped from recent high 1.09 on 21st Sep to yesterday's closing at 78c, more than 28% drop. But it may be a good news for Hi-p today as Apple rebounded 4% last night in US trading.

Technically, Hi-p hit its major long term uptrend support yesterday. Is it the time for a bounce up from here?

Weekly Pivot

Good morning. STI weekly pivot for the week start from 22 Oct.

R3: 3104
R2: 3085
R1: 3067
PP: 3048
S1: 3030
S2: 3011
S3: 2993

Weekly Wrap

STI closed at 3048.92 for the week, recovered 7 points as to its previous 66 points drop. The recover seems very weak and minimum. Given the weakness in US market, odds are in favour to bears. Anyway, stick to the support and resistance level and the market decide its direction.

I will continue watch 3066 for STI immediate resistance, while for the downside, watch 3035 then 3000.

For US market, DJI dived 205 points on Friday to closed at 13343. Its six week range is from 13300-13650. To the downside, watch the uptrend channel bottom for support, at 13050.

The broad market index SPX dropped to near its six week range bottom  at 1425 as well. It closed at 1433.19 for the week. Support 1425 then 1405 channel bottom support.

Don't Anyhow Try a Bed. LOL

Bullish weekly candlestick: Olam, Civmec

Have a nice weekend.

World Biggest Bus, Dare to Sit?

Friday Indicator, IPO: Geo Energy

STI has so far recovered 18 points after a 66 points drop a week ago. It will likely to form a green weekly bar today, Friday Indicator levels for STI:

61.8%: 3052
50%: 3048
38.2%: 3044

While weekly pivot at 3056, fibo 61.8% @3056 from the 3110 to 3021(recent high to low), the recent resistance still capped at 3066.

New IPO Geo Energy( code: RE4) will start trading today, business similiar to sakari, the IPO seems very hot. IPO price at 32.5c

STI Capped at 3066 Resistance

As I was focuing on the levels( posted yesterday), STI hit 50% fibo level yesterday( day high at 3066.59) and retraced, it then bounced back into 3055-3066 range( 38.2%-50% fib) again today. Kind of sideway consolidation mode. In the short term, I expect more upside if STI can close above 3066( today high at 3063.55). Otherwise bulls should be stay alert for downside.

Bullish Set-ups

Wheelock
CMA
NOL
Wilmar
K-reit
Tat Hong
Suntecreit

STI Retracement Levels

While the US market closed positve. The DJI up by 127 points, SPX up 14 points. STI yesterday seemed already "smelled" US market will go up last night and bounced up ahead of it. As this point, I can't confirm the uptrend will resume as the rebounce not strong as compare to its last week huge loss. I will watch STI closely for the rest of week for these three levels:

38.2%: 3076
50%: 3066
61.8% 3055

The Biscuits become Delicious Now

Khong Guan up more than 60% in less than two days.

Long Candidates

CMA
Asiasons
HPH
Plifereit
Singpost
HPL

CapMallsAsia More Upside

CMA had a breakout yesterday, more upside with target 1.8, it closed at 1.7 yesterday.

The "Cold" Stocks Getting Hot

I'm more of Technical Analysis player, which means to say my buy and sell mainly based on TA not FA( Fundamental Analysis). But What I really prefer is to combine both TA+FA. One of the hallmarks of  Warren Buffett's investment choices is to buy those wholly owned or majority-owned control businesses. 

This kind of stocks are commonly referred as "cold" stocks but with good Fundamental background. They are illiquid, inactive most of time. And are potential target for merger and acquisition from time to time, easy money can be made provided you have the patience to wait. Here are few of "cold" stocks getting hot recently:

GreatEastern
Isetan
Yeo HS
KepT&T
KHongGuan
Auric
Asiason
HPL
Banyantree
Boustead
Bukit Sem
DairyFarm
Guocoland
Guocoleisure
ManOri US$
Wheelock
Ho Royal
and related stock:
FEOrchard

Long Candidiates

Noble
Wilmar
Hkland
Jardine C&C

Weekly Pivot

STI still within the defined 3035-3088, about 50 points range. Weekly pivot levels for the week start from 15th Oct:

R3: 3173
R2: 3139
R1: 3090
PP: 3056
S1: 3007
S2: 2973
S3: 2924

Weekly Wrap

STI posted biggest lost in over four months time( since May 2012) this week. It closed 3041.75, down 66.12 or 2.1%. Weekly candle looks very bearish( what is the Japanese Candlestick pattern?) However, STI managed to come back into my range 3088-3035 on close. So a close below 3035 will be first sign for further downside, otherwise I will continue focus on the range 3088-3035 "buy low sell high". The are few support level on the downside to watch if it were to drop: the inverse head and shoulder ( refer to my two post back) level 3030 and 3000.

For US market, DJI closed at 13326.39, down 283.76 or 2.1% for the week; SPX closed at 1432.84, down 28.09 or 1.9% for the week.

Hongkong and Shanghai market rebounded and closed positively for the week, HSI closed at 21136.43, up by 124 points or 0.6%, Shanghai closed 2104.9, up 18.7 or 0.9% for the week.

Wilmar Rebounding

Wilmar finished its retracement and resumed its rebounce now. Up12c @ 3.18(1.57pm).

The bullish divergence is so nice and obvious. More upside move if it can break 3.21 coming week.

The Sketch Picture

I have a sketch drawing for STI below, time frame is from 6 Sep 2012 when it hit low of 2977 to now, it formed a inversed H&S pattern with neckline at 3030, did breakout and run up to 3080( full filled 50 points H&S target), then continue to hit new high of 3100 after retracement. It dropped back to 3030 these two days and rebounding back into the range. Interesting stats.

FE Orchard Mission Completed

FE Orchard as I posted on Wed. It worked out pretty well, the breakout target 2.57 full filled. Mission completed. Currently at 2.53(11.28am) +8c, day high 2.57.

Friday Indicator

STI has dropped 75 points this week(till Thursday) or 2.4%. A bloody week. STI may have a rebounce( at least for short term) after the sharp fall. Levels to focus:

61.8%: 3073
50%: 3063
38.2%: 3053

I'm bearish if STI can't close above 3063 today. STI closed at 3033 yesterday, if a rebounce today closed below 3053. It will be an ugly bearish candle on weekly chart, which means more downside bias. STI already dropped below my two important level 3035-3088. Bulls should be very careful for your long positions. Will update you again.

Bullish Reversal Counters

STI has been hovering at 3035 for the whole day with high and low of the day from 3043-3031. There are few counters rebounding strong after fall-out in the opening. My focus list for tomorrow if STI hold above 3035 and continue rebound.

ChinaMZ
Noble
FE Orchard
Civmec
CMA
STX OSV
Ausgroup

STI Hit 3035 Support

STI this morning opened gap-down exactly at my pre-defined support level 3035( refer to my yesterday post). It went few points lower to 3031.5 then rebounded. Currently at 3040(1.26pm). My immediate focus will be the gap filling from 3035 to 3065.

I was preparing to short before market open but when I saw STI gap down when open to the support 3035. No more short and it's time turn to long for a rebounce! Remember: Do not short at support and do not long at resistance.

(click to enlarge)

Sembmar Poised to Downside

Sembmar broke its support 4.95 yesterday. Further downside is expected.

STI False Breakout 3088

STI had breakout from 3088 last Friday and reached 14 months high. It immediately selling off heavily on Monday, back below 3088. I consider this as a false breakout. My focus back to the range 3035-3088 again. where 3035 is Feb-Apr high this year, and 3088 is Aug and Sep resistance.

STI continue its selling off  today. It currently down by 10 points at 3066, with day low so far at 3063.78, high at 3083.  Just few points above its weekly S3 @3060. By now, the long term uptrend line (see below chart) is still holding well. Next support is 3035 if 3060 can't be hold.

STI closed at 3065.91 today. Down 10.74 points.

Weekly Pivot

STI formed inverted Head & Shoulder patterns on its daily chart with target 3199 by projection, confluence with its horizontal resistance level and weekly R3.

STI weekly pivot level for the week start from 8 Oct:

R3: 3198
R2: 3154
R1: 3131
PP: 3088
S1: 3064
S2: 3020
S3: 2997

Weekly Wrap

STI had a strong move up today with 21.23 points gain to closed at 3107.87.  The resistance 3088 broken already. However, the move may be disaapointed as only very few STI component counters moved, ssuch as Jardin C&C. Most of the blue chips and non-index stocks haver yet moved. They may move in coming week.

I have below long candidates for coming week:
Plife
Yanlord
FrasersCT
Fraserscomm
Noble
PEC
UOB

Friday Indicator

STI closed at 3086.64 yesterday, just beneath 3088 resistance level, it's sixth time it knocked 3088 level. The trend is up and momentum is currently on the bullish side. See how it work out? Be prepared for a breakout or sell-off again.

Friday Indicator levels:

61.8%: 3070
50%: 3065
38.2%: 3060

OCBC More Upside

OCBC had breakout from its month consolidation yesterday and moving up now. Support 9.37, Immediate target 9.58, fibo 261.8% at 9.99.

Long Candidates

CSE: closed at 0.885, more upside with support @86c.

FrasersCT: breakout from its two months consolidation yesterday, target 1.88.