Friday Indicator

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Jul 19 Fri, stockwatch

Market was up on the positive expectation from bernanke. US added 78points last night.

Quick review for yesterday. HSI still trapped in its 6 day sideway consolidation session, SSE dipped below 4 day low, closed@ 2023, back to 2000 support level again. Nothing spectacular for STI as well. it trapped within Thursday range and formed a small doji candle.

As today is Friday, there are two level need to pay attention: 1) 3240.5 which is the week open, it will decide whether the weekly candle is green or red. 2)3236 which is last week close, it will decide this week up or down.

Stock to focus today:
Tat hong: likely bottoming out after 6 wks fall from 1.5 to current 1.2
SIA Engg
Hafary
Starhill

Friday Indicator

US up by 114 pts last night @15024, the important 15000 level is holding well by now.

STI +13@3118, it rebounded to high of 3152 in the morning session but was down to fill the gap in the afternoon session. The gap between Thu and Fri is at 3109-3125, on weekly basis, I'm bullish as long STI CLOSED above its 50% fib( wk high to low) at 3109, also its gap bottom level.

STI weekly:
61%: 3120
50%: 3109
38%: 3099

stocks to focus today:

Starhub
DBS
Kepland
Ho Bee
Wingtai
UOL
AIMSAMP

Friday Indicator

STI still trapped within the range 3300-3260, with spike up and downs for six times for the past 1.5 months. In this kind of mkt, majority of the breakout would fail and we can see lots of false breakout and whipsaws. The effective strategy would be buy at support and sell and Resistance.


As for this week, STI did spiked up and registered week high of 3317.42 and then fell back within the range again. Do monitor the levels, if STI can close above 3295 tmr, then we will have a green candle for the week.

Friday Indicator

STI in the trading range of 3312-3280 in the past four days, my Friday indicator will be very tight:

61.8% :3299
50%: 3296
38.2%: 3292,

Shanghai SSE index had the biggest loss yesterday since its rebounce last Dec, lost 71pts or 3% to 2325. The immediate support is at 2290. The retracement could provide buy-on-dip opportunities.

Friday Indicator

Jan 2013 has just ended, with a total of 115.58 points or 3.6% gain for STI. Will the conventional January Effect unfold for the rest of the year? We will see.

It's Friday, below are my usual Friday Indicator levels for STI:

61.8%: 3279
50%: 3275
38.2%: 3272

The bias is to upside if STI closed above 50%. Support level is at 3275-3250.

Long candidates:
CMT
GLP
Genting sp
MapletreeCom
MapletreeLog
Rotary
ST Engg
Sabana

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.

Friday Indicator

The advance for US, HK,Shanghai and SG seem slowing down now...Coming Mon will be the last trading day for the year 2012.

Friday Indicator levels:

61.8%: 3177
50%: 3173
38.2%: 3168

Friday Indicator

STI has been up and up in a straightline for past four weeks, another 31points to reach my target 3190. STI closed at 3159 yasterday.

Friday indicator levels for today:

61.8%: 3142
50%: 3136
38.2%:  3131

Firday Indicator

Market is poised to open positive today. STI has been sideways for the past four days. Thus my Friday indicator levels are tight. The immediate resistance for STI is 3088.

61.8%: 3074
50%: 3070
38.2%: 3066

Friday Indicator, STI Poised for Rebounce

STI dropped 11 points to closed at 3026 today. It formed a doji candlestick at support level. Positive signal for a rebounce.

Friday Indicator levels:

61.8%: 3041
50%: 3037
38.2%: 3032

The above range is very tight as STI this week in sideway action so far. Weekly PP @3049 and S1 @3035.

Friday Indicator

STI closed at 3086.64 yesterday, just beneath 3088 resistance level, it's sixth time it knocked 3088 level. The trend is up and momentum is currently on the bullish side. See how it work out? Be prepared for a breakout or sell-off again.

Friday Indicator levels:

61.8%: 3070
50%: 3065
38.2%: 3060

Friday Indicator

Today will be the last trading day of the week, and it's last trading day for the month and the quarter as well. Possible window dressing.

Firday Indicator level:

61.8%:  3063
50%:  3058
38.2%: 3054

Bullish bias if STI closed above 3058 today.

Friday Indicator

STI dropped 29.75 or 1% yesterday to closed at 3011.82, picture of downside move started to unfold.

Important reminder: Today is the last trading day of the month. Be careful of "wild" reaction in the opening just like last month, though it's not always happen. STI gapped down huge at open in the last trading day of last month, created low of month at 2985.

STI is still holding above 3000, though it broke back of 3025 yesterday, together with the falling window level at 3041-3033, they become resistance for STI now.

STI Friday indicator level to watch:

61.8%: 3039
50%: 3032
38.2%: 3026

It's bearish if STI can't close at least the 38.2% level.

Friday Indicator

STI facing immediate upside resistance at 3072 level, it rebounded all the way up to this level from Thursday's selling off then was selling off down again, closed at 3056.37.  The major support level is 3000 if it were to retrace back. US market retreated last night after two weeks up without any retracement. DJI dropped 110 points to closed at 13057, SPX down 11 points at 1402--its biggest drop in the month. This will add some downside pressure to STI.

Friday indicator for today:

61.8%: 3059
50%: 3054
38.2%: 3049

Friday Indicator

Good morning!  Time flies fast. It's Friday again. The US market continue to move up last night after past seven trading days of narrow sideway consolidation. DJI gained 85 points to closed at 13250. My Las Vegas Sands (LVS) up by 1.82 or +4.62%. It should give some bullish momentum to genting sp today. Genting sp as I posted yesterday had breakout from its bottom consolidation, more upside is expected.

Friday indicator levels for STI:

61.8% 3072
50%: 3066
38.2%: 3061

STI closed at 3062 yesterday. It has been trading sideways in the tight range this week. I'm bullish if it can close above 3066.

Friday Indicator

Good morning. We have only four trading days this week due to National Day holiday.

STI is still bullish to upside, uptrend is intact as well.
Friday indicator level:

61.8% 3070
50%: 3065
38.2%: 3060

Friday Indicator

STI hit new high to 3054.9 yesterday, the STI component stocks are pushing the index higher, other than that, the second and third liner stocks not much movement. Today, STI pulled back a bit from yesterfday high to closed at 3036. STI immediate support is 3025, which is resistance turn support level.

Firday indicator for tomorrow:

61.8%: 3028
50%: 3020
38.2%: 3012

The trading range for this week has been tight so far. As I'm writing, the US market dropped a bit, dji down 50 points now but not much selling pressure. Singapore market has been outperforming its peers, it was believed the funds are flowing in to local market, partially attribute to the strong Singapore dollar and some of the undergoing takeover and privatises, such as F&N, Isetan, CerebosPac.

Friday Indicator

The Dow Jones Index (DJI) gained 211 points last night, the biggest gain in one month to closed at 12887. So far, US major indices DJI and SPX uptrend is well intact.

Our local index has gone up a wonderful uptrend as well. STI managed to stay above 3000 yesterday to closed at 3004 points. Friday indicator levels:

61.8%: 3006
50%: 3000
38.2%: 2994

It's tight range this week as STI has been trading in the sideway manner over the past four days.

Friday Indicator

STI hit new 11 months high yesterday, it's a kind of strong nice uptrend move, with every day's high become next day's pull-back support level.  We are going to have a strong bullish weekly candle if it closed positive today.

A word of caution: market never run up a straight line, we are on the "top" of the trend now, so stay cautiously and be nimble instead invest heavily.

Today's Friday Indicator very tight.

61.8%: 3021
50%: 3015
38.2%: 3009

Friday Indicator

STI dropped 17 points to closed at 2972, but still contained in the range yesterday, kind of sideway action.

Friday Indicator levels:

61.8%: 2970
50%: 2962
38.2%: 2955