Weekly Wrap

For the week, the three major US stocks indexes continue its all-time high climbing. Nasdaq added 1.7% at 3986, S&P 500 added 1.6% at 1798, less than 2 points to 1800; Dow added 1.3% at 15961 points.

Asian major indexes also turned to green this week with Shanghai added 1.4% at 2135, Hangseng added 1.3% at 23032, and Straits times Index added 0.8% at 3201.

STI finally turned to a green week, after three consecutive weeks red, it reclaimed 3200 level to close at 3201.27, I'm cautiously bullish on the index, major resistance is 3265 and the support still at 3167-3190 area.

Long Candidates

Daily stock picks from facebook group "Trader kakis Group":

ST Engg
Wilmar
Ezra
Boustead
SATS

A-sonic

A-sonic breakout after consolidation for a month, on high vol. More upside as long support 10.9c can be hold.

Weekly Wrap

For the week, US 3 major indexes are better than Asian 3 major indexes.

DOW(DJI) closed 146points or 0.9% up at 15761.78, was in its 5th week green in a row, hit new all time high.

SPX gained 8.97 points or 0.5% for the week to close at 1770.6, less than a point to its historical high previous week. Nasdaq lost 0.1%.

Asian major indexes HSI, SSE and STI are in doldrums for weeks. Bulls are just have no strength to follow US market at all. HSI lost the most last week for 505.4 points or 2.2% to close at 22744.39 last week.

STI lost 23.95 points or 0.7% to close at 3177.25 for the week. Broken immediate support 3200.in between YEC 3190 and 3167. STI hit 3-week low and the candlestick is bearish to downside, with next support at 3150.

Yangzijiang Breakout

Del Monte

Del Monte--long
Enter- 0.785
Stop-0.76
Target-0.94

Weekly Wrap/Monthly Wrap

For the week, HSI gained the most with 551 points or 2.4% up. STI had a very quiet week, with 4.04points down. STI in a sideway consolidation manner, with blue chips no strength to upside. For coming week, continue watch for major resistance 3265 and immediate support 3200 for early signal.

major index weekly performance below:

 Major index Monthly performance below. For the month of Oct, S&P 500 gained the most with 4.5% up, while shanghai lost 1.5% at the bottom. It's clear the funds continue flow into the states.

 STI weekly chart. major resistance @3265, immediate support 3200, then 3190-3167.

On My Radar

IndoAgri: Breakout Resistance 85.5c 6 days ago, retested and rebounded yesterday, mid term target 1.02(200ma).

 Oxley: Consolidated for a tight range for multi-months. Imminent Bullish breakout is possible.

 HPH: Hit its multi months support at 92.5c and rebounded. Target 98c.

 Del Monte: Profit taking led to sharp fall after it hit new high 99c on Oct 16, Entry price range 80c-78.5c. target 94.5c.