Long Candidates

Long candidates under my radar for upside move by sectors"

Oil & Gas Offshore:
ChinaAoil
Sembmar
Cosco
Ezra

Financial/STI component:
SGX
Jardine
Venture
Singtel

Property:
HKland
CapitMall

Commodities:
Noble
wilmar

Market is Set for Upside Move

Good morning everyone, hope you all had a nice weekend. Coming to this week, we have lots of "hopes" for the market to move up.

Dow Jones shows a clear breakout to upside on Friday close. It finally had a move out from its large congested area over past two months time, give us a  rather strong "bottom".

Local benchmark STI was stuck in the range" 2700-2715" area--an inside-bar of Thursday candlestick. Furtherer upside shall be seen if it can break above 2715 resistance.

Short: First Resources

FirstRes has rebounded all the way up to its major resistance at 1.36. A nice shorting candidate with stop loss at 1.375.

Singapore Property Stocks

The properties stock listing in Singapore has generally dropped quite a lot, some are way below their NAV/NTA. You may keep monitoring if you are looking for "value investment". Refer to the table below:

In Selling Mode

Kind of boring day for me...scratching my head on what to write.

STI broke its 2715 support and also closed below 2700 marginally today, down 26points at 2694.

It turned to bearish today, but I don't see aggressive selling come in yet. 2715 becomes its immediate resistance and 2670 become the last defence for bulls tomorrow.

Bye for now.

The Future of Algorithmic Trading

STI Trapped Between 2715-2750

STI formed a inside bar yesterday, it basically was trapped within my set of "boundary" 2715-2750, we only get clear direction when it trades beyond this range. Otherwise, have to be patiently wait..., anyway, 2715 provides a decent support for the time being.

Will update you again.

Steve Jobs