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.

Is US Stocks Inflated Now?

YOMA Break Down

YOMA broke its uptrend line support and MA support, poised for more downside.

THBEV: Thai Beverage

THBEV breakout on high vol on Friday. On good news it will be included into STI index, to replace IHH.

STI Resisted by 3300-3307

Weekly Wrap

Hello. I'm rather inactive last week as STI basically in a range trading, rather doring despite bullish run in the US and HK. STI stucked in between 3300-3260 range. We should have clearer direction for either side breakout( up or down). 3300 -3307 is rather major resistance level.

Below is the indexes performance for the week.

Stock Watch

The US mkt very bullish now, DJI +96@ 14223 as I'm writing now. its ALL-TIME HIGH. its historical high 14198.1 has been over taken today. It's just phenomenal. and SPX another 40pts to reach historical high 1576. 10.54pm.


Screened out below stocks for tmr:

Tianjin $us
FrasersCT
Starhill
UtdEnvironTech
Rowsley
Asiasons
Ezion

Weekly/Monthly Wrap

Feb just ended, I have tabulated major indexes Feb performance below, the US three indexes are positive and Asian three indexes i.e HSI, SSE and STI are negative. A quite a clear picture that investors are still like to invest in the state.

For the week, Friday is first day of Mar, SSE and HSI actually rebounded alot but not for STI, it's the only index in red...

Below is the foret picture for STI, it has been resisted by 100% @ 3307 level for the past four weeks, my immediate support is 3260, next support level would be 3200 if 3260 broken down.