Weekly Wrap

For the week, indices dropped except Nasdaq gained 6.87 points or 0.2%, Shanghai dropped the most with 31.82 points or 1.5% loss.

On weekly basis:
STI lost 27.35 points or 0.8% after 3 weeks up in a row;
HSI lost 295.47 points or 1.3% after 3 weeks up in a row;
SSE lost another 31.85 points or 1.5%, it lost 44 points or 2% in previous week;
SPX lost 18.16 points or 1.1%, after 3 weeks up in a row;
DJI lost 192.85 points or 1.3%, after 3 weeks up in a row. Refer to below table for details:

STI immediate support at 3190, major resistance at 3265 for coming week. More upside if it broke above 3265, bearish if it broke below 3190.

Bullish on YHM

Message from FB group "Trader Kakis Group":

Market Summary for Sep 23, Monday:
STI dropped 23.28 points today closed at 3214.25. Continue its last week retracement to fill the gap in between 3204-3241. The index looks still bulish as the short MA had bullish cross over the longer MA. Immediate major support is at 3190 should it continue retrace down...

Stocks to focus for Sep 24, Tue:
Cordlife
YOMA
YHM
Dukang
Ezra
Hankore
REX
Rowsley

For live update and stock alert, please join "Trader Kakis Group". For Members only.

Weekly Wrap

For the week, STI added 117 points or 3.8% on the top of my list below, closed at 3237.53. whereas Shanghai index dropped 44points or 2% this week( only 3 trading days as Thu and Fri closed for holiday), closed at 2191.85. SSE added 96 points or 4.5% in previous week.

STI hit its previous major resistance level at 3265 this week, and resisted. It dropped 14 points on Friday(not shown in below chart).There is a big gap of 48 points between 3193-3241, it might fill the gap if continue to retrace.

Also, both HSI and SSE are at their respective resistance level, with limited upside. The indices are expected to retrace or sideway in coming week.

STI in Retracement Mode

STI take a breath today, after it surged 60 points yesterday. It hit 3260 resistance yesterday, down 12points at 3239(2.11pm). Also lack of company as Shanghai and Hangseng closed for holiday today.  There is a big gap of 48 points between 3193-3241, it might fill the gap if continue to retrace.

Ezra: Surge comes to End?

Ezra after surged about 48% in four days, it hit 1.335 resistance, tested it and resisted by it. It formed a long-legged doji today, which is bearish at resistance level. However, confirmation is needed tomorrow on candlestick reversal rule.

Rowsley More Upside

Rowsley today breakout from its bullish pennant formation. more upside is expected with target at 70c.

The stock is expected to announce its date for free warrant entitlement.

Weekly Wrap

For the week, major indices gone up, with Shanghai index rose the most of 4.5% or 96 points at 2236. Hang Seng index rose least with 1.3% or 294 points at 22915. Straits Times Index added 2.4% or 72 points for the week at 3120. Refer to below table for indices weekly performance.

FOMC meeting announcement will be on coming week Sep 18 2pm ET, Singapore time Sep 19, 2am. It's expected Fed bond buying will be cut to 75billion USD from 85billion USD. Market may react to that or a non-event. We will see...

The Dow and SPX hit four weeks high, the weekly candle are very bullish, Nasdaq hit 7 weeks high, a solid breakout from its past 6 weeks consolidation.

SSE high of the week at 2270, at its last year close(YEC) but closed at 2236 points. It has been up by two months so far.
HSI closed in between its 2012 YEC 22657 and 2010 YEC 23034, hit its nine months downtrend line.

STI continue rebound from its prior week, bullish weekly candle, I see still got plenty of room to upside, next target is its 2012 YEC at 3167.

Commodities in Focus: Wilmar and Noble

The long time sleeping commodity giant which in downtrending since beginning of the year may come to alive now. It had breakout yesterday after 3.5 months consolidation. Further upside is expected.

Noble Grp: Strong bullish reversal yesterday:

Stocks to Watch

Stocks to watch for coming week:

For Singapore market, oil and offshore sector very bullish last week. some of the stocks in focus:

Vard
YZJ
EMS
Mirach
Tritech
OKH
Ossia
Centurion
UE E&C
M1

HK stocks in focus:

Gaming:
2282.HK MGM China

Bank:
2356.HK Dah Sing Bank
1988. HK Ming Sheng Bank

Teleco:
0215.HK Hutchison Teleco
0633.HK China All Access

Hotel:
2006.HK Shanghai Jin Jiang

Weekly Wrap

In the first week of Sep, world major indices rebounded after a down month of Aug. Stocks rose for the week for indices I monitored in below table, HSI being the most bullish market with 4.1% gain, while STI added 0.6% or 19.41 points, is the least gainer.

STI rebounded a bit last week, closed at 3048. The market was cautious to further downside, bullish momentum was weak. The index was supported by 3000 level so far. I will be more bullish if the index can cross above 3065 in coming week, more bearish if it dropped below 3000.

STI weekly Chart

HSI added 889.8 or 4.1% last week, closed at 22621.2, just beneath last year end close 22657 level. The weekly candlestick looks very bullish. 

HSI weekly chart:

Vard Rebound

Vard rebounding from its consolidation today, breaking out from resistance 90c, at 93.5c now. target is its prior gap down at 99.5 to 1.08c.

Oil and offshore stocks in play today: Vard, YZJ, Rex, Mirach, Sembmar, Kepcorp, Sembcorp all on the move up.

YZJ breakout, more upside

Yangzijiang breaking out resistance 97c today from its 6 weeks consolidation range to upside, with high vol. more upside is expected. current price at 99c. 10.09am

Weekly/ monthly Wrap

Weekly Index performance

Monthly index performance:

 STI immediate support 3000, then 2950. The weekly candlestick looks bearish.

--defensive:

Singtel

Starhub
M1
Singpost
SIA Engg
ST Engg
SATS

--high yield:

NeraTel
SPH REITs

--uptrend:

Ossia
Cordlife
UE E&C