Today's a Turning Point...

Message from SgTraderClub FB:

Overnight US market lost a little. DJI-27, SPX-2, COMP-5. Bulls seem losing steam but uptrend is still well intact. Bears are fighting but market is still dominating by bulls.
Yesterday, HSI-71, SSE -42, China market had nose-diving for past two days.
STI lost marginally 2.22pts at 3103.62. STI hit high of 3121.29 yesterday and was selling off, formed a bearish candlestick, the resistance zone is 3120-3150. Looks distribution rather than accumulation. MACD histogram 4G1R appeared---at least 4 green bars before a red bar. But i don't rule out the chance that it may climb up a bit to test the trendline. trade with care.

Update:

• STI was selling off decisively after opened today. it's down 16points @3087 now. tighten up ur belt!

  

Weekly Wrap

For the week, STI rose the most, with 61points or 2% up to close at 3099.93. HSI added 1.2%. While in US, the three major indexes in mixed direction. SPX hit resistance 1848( also year close), DJI retreated with 51pts down. However, technology index continue climbs higher, COMP added 0.5%.

STI weekly chart for its forest picture, despite of recent two weeks rebound, it is still in down trending with a series of lower high(LH) and lower low(LL), it hit its major downtrend line of resistance this week at 3100, expected limit upside with resistance overhead Resistance zone at 3120-3150, if it broke above 3100 in coming week. At the same time, I'm waiting fro a MACD hitogram "red" after many "Green"s in its daily chart(not shown in chart).

STI Resistance Overhead

Message extracted from FB" SgTraderClub":

Feb 18, Tue stockwatch

US market closed for Holiday last night. HSI +237pts, SSE+19pts yesterday.
STI+30.57 or 1% surge yesterday close at 3069.28, its biggest gain since last Sep. STI rebounding into its "resistance zone" now as shown in my chart below. It may continue rebound for few days. I'm monitoring its action as it approaching the three short term downtrend line for any bearishness signs.
Trade small and be nimble.

Hankore Poised for More Upside

Weekly Wrap

For the week, world major indexes continued rebound. In US, DJI and SPX each gained 2.3% for the week, COMP added 2.9% and hit new multi-year high. Technology sector looks very bullish.

In Asia, Shanghai index (SSE) gained the most with 3.5% or 71points for the week, HSI added 3.1%, but STI only rebounded little with 0.8% or 25.57 points up, close at 3038.71.

It appears STI still have some room for rebound, next target is 3065 and 3100 which is its major downtrend line.

 SPX is approaching its last year close at 1848. the weekly candlestick looks bullish.

Happy Valentine's Day

2014 Emerging Market, QE Tapering Impact

Weekly Wrap

For the week, major indexes have rebounded from their two-week selloff. In US, three major indexes DJI, SPX and COMP made a nice weekly bullish reversal candle, indicate high probability of rebound. (refer to chart below).

Overall, SPX, DJI and COMP added 0.8%, 0.6% and 0.5% respectively. In Asia, HSI and STI rebounded for last two days after heavy selloff, ended with 1.8% and 0.5% loss respectively. SSE just resume its trading on Fri after long CNY holiday.

 DJI and SPX weekly chart formed bullish reversal candlestick. More upside is expected.

STI weekly chart shows a super long leg doji, reclaimed 3000 level after it flashed down to weekly low of 2953. It appears to me it could continue rebound as long 3000 hold.

Sunvic Rebound

GLP at Its Main Uptrend line Support

GLP hit its major uptrend line support 2.74 yesterday, a rebound with target 2.84 is possible.

Yield Play

As stocks have been selling off and STI hit its 52 weeks low yesterday. It's time to look at some of the "falling angels" for dividend yield play. As we know, for those companies paying dividend consistently in a growth manner, the lower its stock price, the higher will be its dividend yield thus more attractive to buy.

Below data quoted from AmFraser's recent analyst report.
List of REITs and Trust in Singapore(click picture to enlarge):

Yield Comparison(click picture to enlarge):

Given that possible interest rate rise on QE tapering, we need to carefully select those stocks that will be least affected by rising interest rate. Gearing ratio which indicates the company's debt leverage level is one of the factor to check the company's risk exposure. Below chart compares the Gearing ratio for yield play stocks. Stocks on right hand side is preferred.

Recommendation of Plays:

Weekly/Monthly Wrap

Happy CNY to all SgTraderClub readers, Gong Xi Fa Cai!

Many of Asian markets had only four trading days as we are celebrating our holiday. However, the major stock markets in the world have been experiencing a heavy selling-off towards the festival season. The markets don't look good for bulls at all.

For the week ended Jan 31, SSE lost 0.2%, while HSI lost the most for 1.8%. The US three major indexes turned to 2nd week loss as well. The just ended FOMC decision on continuing QE tapering affected whole stock market sentiment. It might be a down-turning point for US uptrending.

STI closed at 3027.22, lost 48.77 or 1.6% for the week, it broke below what I believed one key support level last week--3065. It appears to me more bearish than bullish for the trend and it's expected to go down further for mid-term. 

Below table is monthly index performance for Jan. Nasdaq lost 1.7% on top of the table, SSE-3.1%, SPX-3.6%, STI-4.4%, DJI-5.3%, HSI-5.5% at the bottom of the bottom.