Stocks To Watch

The US market overnight was up ahead of the president election result. DJI gained 133 points at 13245.

Singapore benchmark STI is still within the range of 3066-3016, it closed at 3019 yesterday, just 3 points above the bottom level 3016. Do expect "bottom out".

Stocks to watch today:

Sembmar
Sembcorp
OUE
M1
Cosco
Hi-P
SIA

Cosco Rebounce in Sight

Cosco hit as low as 87c recently then it started to rebound yesterday, target 94.5c.

Stocks to Watch

Hi-P: it rebounded from week low of 71c to closed at 78.5c, formed a bullish reversal weekly candle. Upside bias.

Biosensor: Rebounded from week low 1.025 to closed at 1.12 on Friday. Formed a nice weekly hammer.

Weekly Pivot

STI weekly pivot level for the week start from 5 Nov.

R3: 3098
R2: 3077
R1: 3059
PP: 3038
S1: 3020
S2: 2998
S3: 2980

Take note STI closed at 3040 this week, close to pp level. S2 @ 2998 is the also near 3000 psychologic level.

Weekly Wrap

STI hit one-month low at 3016.85 last week and rebounded but overall it still down 16.76 points or 0.5%. As we are in the result reporting season, US market swing up and down one day and another, local market is expected to continue its sideway trading in the range, with the immediate support at 3000, upside resistance 3066 then 3088 level.

SPX weekly, US market sold off on Friday, SPX formed a weekly inside bar, a break below or above of inside bar would provide clear direction, so far the uptrend channel is still intact and SPX may test channel bottom 1400 in coming week.

Major Indexes Monthly Performance

I have compiled major indexes for this week and the month of Oct below.

# STI on weekly basis, it continues its sideway trading, trapped in the three week-range from 3017-3066. On monthly basis, it still within the four-month range from 3000- 3088( high 3011). Sideway trading. This kind of market a bit tricky and sideway trading strategy such as buy support sell resistance should work.

# US market weekly inside bar, DJI/ SPX sideway trading untill it broke up or down, to give us a clear direction. On monthly basis, DJI in the three-month sideway range from 12980-13650. SPX monthly sideway as well. Nasdaq four consecutive weeks retracement down. But uptrend is still intact.

#HSI outperformed all the market with 3.8% up in Oct, the "hot money" continue flowing in to Hong kong as reported in the newspaper. This week it up for another 2.6%.

# SSE shanghai Oct not moved much but this week it started to catch up HSI, had 2.5% gain. As one of the worst market worldwide, SSE may come to the point of bottom out.

Stocks to Watch

Biosensor: it was selling off hard recently, formed a hammer today
NOL: MACD 4r1g, high vol at resistance 1.185, more upside if it move above this level

Few reits retraced these days, good chance for REITs loved to enter long:

Cambridge
Plife
Kepple Reit
SainzenREIT
MapletreeComm
MapletreeLog

Penny stock to watch:
CCFH
skyone
Swingmedia

Hi-P Bullish Reversal

HI-P formed a bullish reversal candlestick at support 72c today. Plenty of room for upside as it was selling off alot recently.