Quiet morning session

Boring morning session. many saying Singapore market is just a tiny prawn and it's a follower after all markets. while..I would rather say it's small and nimble, often it anticipates the US market moving which is quite accruate. So when you confused why US market dropped like hell last night but why singapore market seems sleeping today? it's because yesterday STI already dropped a lot and the market already reflect all the information. so does who lead who?

Yesterday when i was doing my trade summary analysis from last Aug till now. well...a quite late summary analysis. I found out many of the positions that i shorted, if i hold until now..you knw what i'm trying to say. Often we say if i did this, if i did that...I would be much richer, much better. The questions is why we didn't do that?

What are there for us

I won't be surprised if tomorrow morning many stocks jump off the cliff. Below are some "food" for eat:








Hey folks, thank you for visiting my blog. good nite! good luck for you tomorrow!

Prawns are nice too if you know how to cook

You may observe that most of my counters are quite volatile--they are typically with ATR more than 10 cents. What i want to clarify is---It's just my trading style, it does not right, it does not wrong. You may got amazing profit too if you like to trade " small prawns" -- such as Midas,F&N, Hyflux etc..

My Top Winners --> The Top 3 Losers

It's 3.14am, it's unusual to stay till so late for me but today is special.

Dow -258@6621, SPX -28.63@684.12, mkt EXTREMLY bearsih. Sitting in front of my laptop, A quick summary while monitoring US market. i have a word for these trading days: fantastic. I have many good days but this one going to be the greatest for singapore market. It's not so often that you have 3 counters and they are all on the top list: cityDev, SIA, and venture. and they are on the top 10 losers today! wooo... cool bugers. here it is:

What i'm looking at now

Below are the potential shorts with resistance level:

SIA 10.0
CityDev 4.80
ST engg 2.34

Add on later if any more....market is opening in just minutes, good luck!

Patient Bear, Impatient Bull

I'm feel so "Out of touch" now after few days of absence in blog. Okay, a quick one:
1. The fear factor $VIX hit new high, and quite promising it will continue up -- means bears are in control.

2. The benchmark US $SPX lost its support-- no any support until 600,it's at 696.33 last night close.

So if you are short, stay in short.

Worse than the Great Depression?

Last day of Feb, Dow ending with hitting its 13 yrs low. looking at Dow, we have had 6 consecutive down months. During the Great Depression, do you know how many times there were 6 consecutive down months? ZERO. How about 5 consecutive down months during the G.D? ZERO. There were 4 consecutive down months twice, and 3 a few times. But Never 5+ consecutive down months. And here, we just completed 6 down months in a row, and honestly, I would surprised if March finished in the green, this would put us at 7 months in a row of Black Bars! Worse than the G.D??? Food for thought.

let me revisit wilmar first

Initially i was quite bullish on it, and expected the support will be hold at 2.8, but it was broken firmly on Wed--high volume plus long black candle. but just one day later, it was up by 16 cents on Friday with close at 2.88, top gainer of the day. Due to its shocking good earning result. This is the importance why we need to set stop loss. When you are wrong, you are protected.

Since it's up now, worth to monitor when it heads down.