Genting Sp Breakout

Genting Sp had breakout its resistance 1.48 with huge volume today, the first target is 1.60, current price at 1.545, 4.32pm.

Singapore Construction Stocks

CDL HTrust Breakout 2.0

CDL Htrust is breakout out its resistance 2.0, giving dividend 5.62 cents.
Corporate Action details from SGX:
Distribution of 5.62 cents per Stapled Security comprising Taxable income of 5.23 cents per Stapled Security and Tax-exempt income of 0.39 cents per Stapled Security
Record Date * 06-02-2013
Record Time * 17:00
Date Paid/Payable (if applicable) 28-02-2013

Long Candidates

STI closed at 3273 yesterday, immediate target is 3300 and support is 3235.

Long candidates today:

Genting SP
China Fish
FirstReit
Noble
MapletreeComm

StockWatch

stockwatch for coming week starts from Jan 28:

CWT
CSE
ChipEngs
Geo Energy
IndoAgri
MapltreeComm
SATS
Ramba
Rotary
Supergrp
Tat hong
Wilmar
Yoma

Weekly Wrap

STI continue follow US market advance this week, closed at 3269 with 58 points or 1.8% up for the week. We are 30 points to reach 3300--my next target for the index. The weekly candle shows the bulls are in complete charge.

Hangseng and Shanghai market "taking a break" this week, Shanghai has had a terrific 17% gain since its Dec bottom. Will continue to focus on S-chips and Offshore/Marine sector for the coming week.

STI pivot levels for the week starts from 28 Jan.

R3: 3347
R2: 3308
R1: 3289
PP: 3250
S1: 3230
S2: 3191
S3: 3172

Biosensor Breakout

SIA Breaking Out

SIA breaking out its major resistance at 11.11, at 11.16 as at 11.19am, +6c. Target 12.12.

Long Candidates

Below stocks poised to move higher:

Soundglobal
Swiber
Yanlord
Yingli
Sembmar
Ezra
Ezion
Yoma
Interra
Mewah

Sembcorp Breakout

Sembcorp had a breakout today, its resistance turn support level at 5.38, first target at 5.52. It closed at 5.44 today.

CSE Poised to Move Higher

Stocks To Watch

STI weekly pivot levels for the week start from 21 Jan.

R3: 3295
R2: 3258
R1: 3235
PP: 3198
S1: 3174
S2: 3137
S3: 3114

Stocks bullish set up for the week:

Broadway
Biosensor
China Fish
ChinaMZ
FrasersCT
Genting HK
GuthierG
Mermaid
SuntecREIT
Wingtai

Weekly Wrap

For the week, STI slightly dropped 5points or 0.2%, closed at 3211. It tested 3190-3167 support level in the begining of the week then rebounded. Overall, maintain bullish bias for STI. Below is the table for major index weekly performance.

Shanghai Index continue its outperfance this week with the most gain of 3.3% among the indexes.

FirstRes Next Support 1.785

As mentioned in my yesterday post, CWT moving up and FirstRes broke down its 1.9 support, the next support level is 1.785, which the rebounce is expected.

Friday Indicator

Final day of the week again! STI continue its sideway consolidation this week in the range of 3221-3161, the major uptrend is still intact, resume its upward move is expected after this round of consolidation.

My Friday indicator levels for STI to watch today:

61.8%: 3198
50%: 3191
38.3%: 3184

The range is tight, a close above 50% level at 3191 would indicate bullish bias for STI in coming week.
I continue look good on Midas, ChinaMZ and Wilmar.

Bullish set-ups:

Breadtalk
Broadway
CapitaRchina
Jaya

US Won't Import Oil Anymore?

The Two Different Buys

1. Breakout play: CWT, trade on strong bullish momentum

2. Buy at support: FirstRes dropped to its multi-months major support 1.9

STI Immediate Support 3190-3167

STI has been in retracement mode for the past two days, as hit by lastest property colling measure, it's down 17points at 3189(4.45pm) now. STI immediate support level is 3190-3167, 3167 is last year closing level. The major uptrend is intact, MACD showing a bit weakness indicating the bulls are losing steam...

Stocks to Watch

Pivot levels for the week start from 14th Jan:

R3: 3276
R2: 3257
R1: 3237
PP: 3218
S1: 3197
S2: 3178
S3: 3158

Stocks watch for upside:
Civmec
CSE
Rotary
SATS
ST Eng
Sinograndness
Q&M
GLP
Mewah

Weekly Wrap

2nd week 2013, the three major indexes in Asia are in red, while the US are in green. The downs and ups all are not much, in a sideway consolidation mode. Major uptrend are intact for all markets. Asian market a little bit profit taking after previous gain, overall the bulls are in well control.

For Singapore market, the S-chips are still in focus, any retracement will provide long entry opportunities. The government's latest move on cooling off the property market which took effect yesterday 12th Jan should be positive for the stock market (well, except property sector), the question jumped out of my mind is: if investors give up to buy houses, where will they invest their money?

Friday Indicator

STI This week in sideway consolidation mode, it tested 3235 twice but failed to break above it,
61.8% @3222
50% @3218
38.2% @3213

The bias is to downside but 38.2% is still holding right now, STI is sitting at 3213 (2.16pm), Will be bullish if it above 50%, and bearish if below it.

Breakout Play: ChinaMinzhong

Chinaminzhong breakout after 12 weeks consolidation. More upside expected. at 88.5c 10am. Target 97.5c.

STI in Profit Taking Mode

STI closed 12points down at 3205 today. It has had a seven weeks consecutive run-up or 280 points gain without any retracement yet. Time for profit taking? Possible.

The banks and singtel were selling off heavily today. DBS and UOB broken down their trading range and OCBC dropped to its range bottom today, Singtel broke down its trading range as well. They will add more downside pressure to the index.



The immediate support levels to watch are:

Weekly S1: 3197, today's at 3198.38,
Weekly S2: 3169, which is also STI 20MA.

Midas More upside

Midas just break out from its multi-months consolidation, plenty of room to upside.

Stocks to Watch

Weekly Pivot

STI weekly Pivot levels for the week start from 7 Jan,

R3: 3287
R2: 3259
R1: 3242
PP: 3214
S1: 3197
S2: 3169
S3: 3152

Weekly Wrap

STI gained another 33 points or 1% in the week, closed at 3225. The weekly candle looks bullish. Next target is 3307, where the support is 3190-3167 if STI were to retrace. The other major markets posted a bullish week as well.

Major index weekly performance as in below table:

Friday Indicator

STI has extended its run up to hit its two year high yesterday at 3231.39, closed at 3224.8, another 23 points gain. We are at the top of chart now, be aware of buy "High" sell "low". The probability of a retracement increasing now.

Oops..I unable to upload chart now. will update you soon.

Stocks to Watch

STI hit new high, Singapore stocks first day trading super bull run, stocks rose across whole market. STI closed with 34 points gain at 3201. Below are the stocks in focus tomorrow:

Midas
Cosco
YZJ
Dyna-mac
Fragrance
Genting sp
SGX
Swiber

Dyna-Mac Breakout

Dyna-Mac breakout from its long time consolidation today, up 2c at 50c now 4.30pm. More upside with target at 53.5c

Yr 2012 Indexes Performance

Happy New Year 2013!

As we are heading to new year and new start, it's time to make new year's resolution again. To me, the significance of new year's resolution is not whether we can achieve it but the most importantly, to set a target and try our best to strive for it in the year.

The year of 2012 is a remarkable year. The world of financial market has gone through turmoils and it survived-- Greece remain inside the EU, the EUR did not collapse etc. The worst is over and 2013 is expected to be a better year. Let's take a look at the world's major indexes, their performance are stunning, all markets below has gone up, despite of crisis. You may wondering why it's so? "The opportunities are inside the risk."

For the past year, Hang Seng rose 22.9%, and STI is second with 19.7% gain.