Stock Picks for Weak Singapore Dollar

Singapore Government's surprise decision to ease monetary policy on Wednesday will benefit exporters with SGD based costs and USD earnings. List of stocks in focus:

Case Study: Chip Eng Seng

Chip Eng Seng had bullish breakout signal on Friday, resistance 90.5c was taken over, more upside is expected.

Weekly Wrap

Weekly major indexes performance as below:

HSI weekly chart shows a very bullish candle, immediate resistance is around 25000 level. 

 SSE: weekly chart looks still bullish, in consolidation mode now.

 STI; It's a super bull week for STI, It's rare to see STI can gain over 100 points or 3.4% in a week. candle looks promising to go up further, with immediate resistance at 3450.

SGX Smaller Lot Size Effective on 19 Jan 2015

SGX's reduction of the standard board lot size from 1,000 to 100 units comes effective today 19 January 2015.

http://www.sgx.com/wps/portal/sgxweb/home/faqs/

Weekly Wrap

For the week, SSE and HSI are green, with gain of 2.8% and 0.8% respectively. STI lost 1.1% to close at 3300. Other major indexes weekly performance as in below table.

HSI reclaimed 24000 this week, closed at 24103 points. The index has been consolidating for last 12 weeks. I'm bullish bias on HK as long it stays above 23605(YEC).

 SSE continue looks bullish on weekly basis, with immediate resistance level 3450 just overhead. It expected to consolidate withing a narrow range before take off.

 STI 2nd week decline. Major resistance at 3365(YEC).

Case Study: YZJ Ship

YZJ ship building SGD broke out from its more than one year consolidation range (Refer to below chart red box), break 1.24 resistance level last week, upside move resumed, more upside is expected.

Weekly Wrap

For the week ended 9 Jan. Weekly indices performance table:

STI immediate resistance level at 3365(YEC), support at 3250. It's trading above all three MAs(20, 50, 200ma), thus I'm bullish bias on Singapore market.

HSI weekly chart. Bullish bias.

Shanghai(SSE) hit 3400 last week and formed a shooting star candlestick which is a bearish sign. SSE may have come to retracement in coming week or two weeks, after recent surge. I think it's healthy consolidation to wash out weak holders, market should resume upside after short term profit taking completed.

 Consider iShare A50 ETF( 2823.HK) in HK market or A50 ETF (JK8) in Singapore to capture the bull run in China. I prefer iShare A50 in HK as the liquidity there is much more better.

Weekly Wrap

Index weekly performance:

Index monthly performance for the month of Dec:

Index yearly performance for 2014:

Shanghai index gained almost 53% for the year 2014. Marvelous move. Continue look bullish in 2015 for SSE.

STI and HSI weekly chart look bullish and expected to more up further.