It's The Last Trading Day of 2013!

Message from my facebook group.

Dec 31 Tue stockwatch

It's last day of the year 2013. STI closed at 3153.29 on Monday, just 14 points below its Yr2012 close 3167. Will see how will it close today for the year. In fact, STI has been the worst indexes in developed countries in 2013. Keep my finger crossed for a better 2014. Meanwhile, I wish you a healthy and wealthy new year 2014. Enjoy your holiday!

As it's half day trading today, SG mkt will end at 12.30pm. Stocks to focus:

Ezion
CourtsAsia
Jaya
Nam Cheong
OEL

Weekly Wrap

For the week, it's "all green" for the major indexes, refer to below weekly indexes performance. For US, the DJI and SPX hit their all time high in the week with 1.6% and 1.3% gain respectively. The COMP(Nasdaq) has so far recovered nearly 80% of its fall (2000-2002)since the Internet bubble burst. The index weekly candles look bullish without any signs of reversal.

In Asia, HSI rebounded strongly after two weeks of retracement, with 1.9% up on top of the list. The weekly candle is bullish, expected more upside in coming week. The Shanghai index reversed after its two consecutive weeks fall, more rebound is expected.

STI gained 1.8% or 55.28 points at 3149.76 for the week. The weekly candle appears bullish, I'm looking for a target at 3167-3190 area and further upside at 3200 level. 

OEL Breaking out

OEL( Oakwell Engineering) breaking out today from its ascending triangle consolidation. More upside expected with target at 14.5c.

QE Tapering Will Start Jan 2014

Midas

Midas appears poised for more upside move, after a whole year consolidation in 2013.

The Breakout

Rowsley closed @31.5c.

CSE closed @1.05 today.

Kepland

Kepland -buy

Support: 3.3

Signl: bullish reversal candlestick pattern at support level, high vol daily chart.

Target: 3.5 and 3.75

Weekly Wrap

For the week, US market three major indexes rebounded strongly from 2-3% gain. Dow was on top of the table with 3% gain. In Asia markets, STI gained 28.46 points or 0.9% to close at 3094.48. HSI and SSE lost 1.9% and 5.1% respectively. SSE lost the most among six indexes, as investors worried about China banks possible "money crunch" come back again.

STI had a green weekly candle for the week, after two weeks of sharp selling-off. It formed a bullish reversal candlestick pattern, which is a strong bullish reversal signal. Immediate target is 3167.

Long Candidate

Message from FB "sgtraderclub": Dec 19 Thu, stockwatch

 The FOMC made decision to reduce its stimulus from current $85b to $75b from from Jan 2014 and keep its rate unchanged. US market responded positively with hug buying up, it added 292points to 16168 for Dow, 29points to 1810 for S&P.

HSI +74 pts to 23143 and SSE-2@2148 yesterday. STI -5.79 points to 3061.78 yesterday. Stocks to focus for upside move today: CAO( China AOil) Utdenvirotech( bullish reversal) REX YZJ Kepland(at triple bottom support) Ezion lottery stocks: Ntegrator Oxley Penguin Viking (Halt)

Oil, gas and offshore sector are very bullish.

20131215 文茜世界財經週報

When the wife said so....

Weekly Wrap

For the week, all the six major indices in my list are in red, fell from 1.5%-2.1%. US markets continue to fall, Dow accelerate profit taking after hitting its historical high of 16174.51 points two weeks ago, ended its 8 weeks up winning steak. US markets turned to retreatment mode now. Likely more profit taking ahead as investors want to lock in profit for a good year ahead of holiday season.

In Asia, HSI index fell 2.1%, after it hit new high since Apr 2011 previous week at above 24000. It closed at 23245.96 points for the week. SSE also the first week in red after four consecutive weeks in green.

STI being the worst performer among all for last one month fell another 1.5% or 48.15 points closed at 3066.02 for the week. The indices weekly performance table as below:

STI is trading at its three months low, very close to its year low at end of Aug. The weekly candle is bearish, no reversal signal yet. The major support is at 3000. 

UE E&C At Support

UE E&C appears to be a good long candidate at its resistance-turn-support level 98c. With immediate upside target at its recent high of 1.08. The interim uptrend line at 96c will be last line of support for the upside move.

STI In Selling Mode

Message from fb "Trader Kakis Group":

Dow dropped 52points last night at 15973, below 16000 level. S&P -5@1802.
HSI -67 to 23744, SSE flat at 2237 yesterday. The Chinese markets are still bullish bias, I'm looking into buy H-share when HSI completed its retracement.

The STI index lost 31.92 points to 3081.72 yesterday. A very disappointed market for bulls. It broke 3120 two days ago attempt but unable to climb above it, surrendered to bears yesterday. The immediate support to monitor for today is 3050-3070 gap support area.

Bluechip to monitor for rebound:
Kepcorp
Citydev
Singtel
IndoAgri

Kepcorp Uptrend Still Intact

Kepcorp is one of the few index stocks which still displaying a nice up trending. It was perfectly fit to the fib level from 100% @10.86 all the way up to 161.8% @11.38- new high on Dec 2 then retraced down to 100% level on Fri-- the10.86 level becomes support now. A rebound is possible in coming week if 10.86 can be hold. MACD still showing weakness though. Will see how will it work out...

Weekly Wrap

For the week, US market three major indices weekly candles look still bullish bias. Asian markets Shanghai and Hangseng look bullish too, except STI which broke down its major support 3120.

SSE gain the most with 0.7% gain in my performance list below. US markets stayed flat. STI closed at 3114.17, lost 2% at the bottom of the list.

 Investors are continuing "buy China( focusing on H-shares) and forget Singapore". STI broke 3120 support on Fri. The weekly candle looks very bearish but its daily candles formed a doji on Fri, which indicating a possible rebound with target being 3167-3190.

Long Candidate: Ezion

Ezion -buy
Entry- 2.10
Sppt: 2.04-2.0

Ezion appears to me for a good long candidate. It's in a nice uptrending and more upside is expected.

Weekly/ Monthly Wrap

For the week, US markets continue climb higher and higher, all the three major indices hit new high. With Nasdaq rose the most for 1.7% gain, on top of the list. S&P 500 and Dow hit new historical high but closed a little with slightly 0.1% gain.

Shanghai and Hongkong stocks are in charged by bulls, with 1.1% and 0.8% gain respectively. HK stocks are my preferred alternative market to trade since SG market is so unusually quiet. refer to below weekly indexes performance statistics:

 STI is so disappointed quiet and still stuck in between 3167-3190 support area for the week, within last week trading range. Continue watch the support area for early direction, for coming week.

It's the end of month November. On monthly basis, Shanghai market rose the most with 3.7% up, the US and HSI indexes all had 3.6% to 2.8% gain. Except STI, with 1.1% loss for the month, market momentum was much affected by the three stocks saga namely Asiasons, Blumont and LionGold. It seems the impact has yet dispersed.

CapmallAsia

CapmallAsia-long
Entry: 2.0-2.04
Target: 2.23
SP: 1.94

CMA has formed a double bottom formation with neckline at 2.0, it recently(5 weeks) has been in consolidation within 2.1-2.0, I'm bullish as long it stay above 2.0, with target at 2.23. The risk reward is at 3.8:1.

Weekly Wrap

For the week, Hang Seng HSI rose the most with 2.9% up. Shanghai SSE also very bullish, with 2.8% gain this week.

The three major US indices all hit new high this week, the Dow has had 7 weeks green in a row.
The one and the only disappointing index was STI. A rather quiet boring week for STI. Again. Market is playing " Buy on China, forget about Singapore". No any signs of funds flowing into Singapore market. Are we really hurt by the three companies(i.e. Blumont, Asiasons and LionGold)??

STI closed at 3172.85 with 28.42 points or 0.9% negative for the week. Anyway, I'm cautiously bullish for STI, the support level 3167-3190 was held, still.  For the upside, immediate resistance is 3218 level.

Best Job in Town

M1

M1 hit its 200ma at 3.15 yesterday and its major ascending trend line support yesterday, after a sharp fall from high of 3.4. A technical rebound is expected, at least.

SATS

SATS- Long
Entry-3.05-2.98
Target- 3.18
Stop loss-2.92

SATS dropped 10c after its XD yesterday gave 5c dividend. It's now at its major long term uptrend support, it's expected a great hunting opportunity if this support level can not be hold and it continue fell to 3.05-2.98 area.

Uptrending Stocks

Singapore uptrending stocks under my radar. The stocks are active and have more upside potential.

CSE
FirstRes
GLP
GoldenAgri
IndoAgri
M1
Overseas Edu
SATs
Wilmar
YZJ

Commodities sector has been very bullish for the week, as in "Bold" in above list.

Weekly Wrap

For the week, the three major US stocks indexes continue its all-time high climbing. Nasdaq added 1.7% at 3986, S&P 500 added 1.6% at 1798, less than 2 points to 1800; Dow added 1.3% at 15961 points.

Asian major indexes also turned to green this week with Shanghai added 1.4% at 2135, Hangseng added 1.3% at 23032, and Straits times Index added 0.8% at 3201.

STI finally turned to a green week, after three consecutive weeks red, it reclaimed 3200 level to close at 3201.27, I'm cautiously bullish on the index, major resistance is 3265 and the support still at 3167-3190 area.

Long Candidates

Daily stock picks from facebook group "Trader kakis Group":

ST Engg
Wilmar
Ezra
Boustead
SATS

A-sonic

A-sonic breakout after consolidation for a month, on high vol. More upside as long support 10.9c can be hold.

Weekly Wrap

For the week, US 3 major indexes are better than Asian 3 major indexes.

DOW(DJI) closed 146points or 0.9% up at 15761.78, was in its 5th week green in a row, hit new all time high.

SPX gained 8.97 points or 0.5% for the week to close at 1770.6, less than a point to its historical high previous week. Nasdaq lost 0.1%.

Asian major indexes HSI, SSE and STI are in doldrums for weeks. Bulls are just have no strength to follow US market at all. HSI lost the most last week for 505.4 points or 2.2% to close at 22744.39 last week.

STI lost 23.95 points or 0.7% to close at 3177.25 for the week. Broken immediate support 3200.in between YEC 3190 and 3167. STI hit 3-week low and the candlestick is bearish to downside, with next support at 3150.

Yangzijiang Breakout

Del Monte

Del Monte--long
Enter- 0.785
Stop-0.76
Target-0.94

Weekly Wrap/Monthly Wrap

For the week, HSI gained the most with 551 points or 2.4% up. STI had a very quiet week, with 4.04points down. STI in a sideway consolidation manner, with blue chips no strength to upside. For coming week, continue watch for major resistance 3265 and immediate support 3200 for early signal.

major index weekly performance below:

 Major index Monthly performance below. For the month of Oct, S&P 500 gained the most with 4.5% up, while shanghai lost 1.5% at the bottom. It's clear the funds continue flow into the states.

 STI weekly chart. major resistance @3265, immediate support 3200, then 3190-3167.

On My Radar

IndoAgri: Breakout Resistance 85.5c 6 days ago, retested and rebounded yesterday, mid term target 1.02(200ma).

 Oxley: Consolidated for a tight range for multi-months. Imminent Bullish breakout is possible.

 HPH: Hit its multi months support at 92.5c and rebounded. Target 98c.

 Del Monte: Profit taking led to sharp fall after it hit new high 99c on Oct 16, Entry price range 80c-78.5c. target 94.5c.