Tuesday, November 29, 2011


Congrats to those who followed my previous post on Genting Singapore! Right after my posting, Genting drop from 1.735 till the low of 1.46(15.8%). Some clients have called to thanks me for calling the short, now it has reach our first target (previously mention 1.50) probably a good time to take profit if u are doing short term. Mid term trend is still pointing down.

ARTs System, today it gave us a signal that it is a good time to enter Yanlord. Given the long term trend is bullish- Blue Ribbon, mid term also bullish(blue bar) and the Blue arrow signify that today is a Pivot point, can consider to enter this stock if tomorrow it goes above $1.085, Stoploss $1.02, timeframe is 2 weeks to 2month, First target $1.24

Tuesday, November 8, 2011

Genting Sp

Genting SP now trading at 1.735, currently trading above 20ma and 40ma Short term is still in Bullish trend. However this stock is still below 200ma, and 200ma Sloping downward, signifying long term trend is down. If you have drawn the downtrend line since late last year, you will see Genting is traveling down the Downtrend Parallel Channel and now is at the top(resistance) of the channel. If you are follow our Parallel channel trading strategy, this is a good point to do shorting. Stoploss can be place at 1.81 . First target 1.50. 2weeks-1month trade.

Tuesday, October 11, 2011

Stocks hitting resistance

STI up for 4days, many stocks is hitting resistance level, i just pick a few here to write on.

KepCorp Currently trading at 8.32, after DOW close more than 300 points last night, most stocks gapped up this morning. Though KepCorp broke the downward trendline resistance, it is now facing another strong resistance at 8.42 (horizontal line) and the 40MA. This however concurrence with our Swing setup, CCI oversold +100. Hence today might be a good time to take profit off table if u are holding this share. Can consider Shorting this stock if next day drop below today's low.

Sembmar currently trading at 3.63, has hit the resistance at 3.66 this morning. Similar chart like kepcorp. Major trend still downtrend, facing resistance.

Sembcorp currently trading at 3.83, CCI overbought, slightly above the 40ma. Well, if today close above the 40ma, our swing setup is not valid, however if you are holding this stock for "short term", do look forward to take profit as market has for 4days already.

Thursday, September 15, 2011


Overall market still look rather weak with a lot of volatility around, I did a scan today for mid-term bearish trend change and this list of stock was generated. These are stocks which previously our shorting candidates, now they seems to be changing trend. If you are shorting one of these stocks, do consider to reduce your short position.

Another interpretation of these stocks is IF STI is going to have a (mini)bull run, these will be the first few that will run first. Set your stoploss, limit your losses.

Thursday, September 1, 2011

Indoagri - Parallel Channel

Indoagri now trading at 1.415, this stock is quite obedient as it always trade within the parallel channel. Now it is at the channel resistance, will it break the trend? If it never, this will be a good entry for short position. Stoploss can place at 1.48, if want to wait for confirmation, enter when price break below previous day low. Target price will be ard the channel support.

Monday, August 22, 2011

Bearish Stock

STI continue to dive lower in the past week, with most notable, Friday gap down and closed 91.33 points or 3.23% lower to 2733.63. The volume lower but remain high level due to investors pull out from market without any further hesitation to protect their position. STI ended the week with 116.96 points or 4.1% lower.
Most major indicators suggested that more downside to come. The past week low volume during gaining and turn high volume during sell down also confirm the market heading south. Moving average also suggested no matter short, mid, or long term, STI is bearish.
The list beside is a list of Bearish stock for mid term trading, can consider to short if it break below prior day(friday) low. If you are not familiar on shorting using CFD, can consider to go slow first, enter Short position with 20-30% of your capital first to try out. Remember your stoploss!

Wednesday, August 17, 2011

Death Cross

Looking at the big picture again. STI has technically stepped into the Bear zone, STI below 200ma, making lower low and lower high since early this year. If you have seen the Index of other market, most market already have their the death cross signal. (50ma cross 200ma).
Short term wise we are having a rebound, not sure how long this will last, but it will be good to reduce your long position when market is on its way up. Again, always remember your stop loss.

Thursday, August 11, 2011

Falling knife

As mentioned on our daily email STI has fallen below the major support 2920, before we go above this level we should be cautious and wait for reversal signal! Don't anyhow buy lower and lower, averaging down is for long term investor who can hold for few years to do(using cash, not CFD), not for the common people who have only 1 set of fund. Again, always apply stoploss.

For market to turn there are a few signs to note:

1) The decline in index need to slow down, not falling by 100 points a day for Dow Jones. That is the first sign of a turning point.

2) A decline in volume on down days. This is a sign that Bear players are diminishing.

3) 3 consecutive green daily candles. This is a sign of return in confidence. Blue chip up 4 out of 5 day.

Wednesday, August 3, 2011

Market Outlook

I called the right direction at the right time again! If u followed previous post, it was the day JUST before STI hit the channel resistance, i called to take some profit and today STI hit the bottom and stay there.. this is a good opportunity to buy when everyone is Panic selling! Please always apply your stoploss.
Can look at a few strong stock which i mention before e.g Biosensor, Sembcorp.. Q&M, UOL.

If you have follow my post on Coscocorp .. probably is good time to take some profit, because short term seems to have some rebound. My view~ If you like my posting, please help me to share it out to your friends, thank you for reading!

Monday, August 1, 2011

Market Outlook

I just realise that I spotted the lowest point on 20 june posting when STI is at ard 3000 points! Last week STI just hit 3200, again, if you have followed you should be making money by now! So what is the current outlook for August? From the chart we can see that market is generally uptrending (Higher high, higher low, STI above 50ma and 200ma), however it is hitting Resistance at ard 3210. So Short-term beware of profit taking, mid term wait for pull back. STI support at 3140 follow by 3080.

Many investor are worried right now regarding the US debt ceiling problem, if the debt ceiling is not raise on 2 Aug it might trigger a Panic Selling around the world.. Hence i suggest not to hold too many stock with you right now, can consider to sell off those none performing stock in your portfolio. Wait for market to bottom and buy at Support level!

Market will be quite interesting if we break the resistance 3210.. Get ready your bullets..

Monday, July 25, 2011


Biosensor closed 1.315 today, from the weekly chart beside, the stock has constantly be in an uptrend since the 2009. Today the RMO system gives us a buy signal, hence it will be a good entry if tomorrow the stock price break above previous day high. Entry: 1.33, Stoploss 1.28 Timeframe 2week-1month

Wednesday, July 13, 2011

Semb Corp

STI has been bearish for the past one week, however my view is that the Mid term trend is still bullish. Unless STI drop below 3050. So now we should look at those good stocks that are now at the bargain price..

SembCorp closed 4.96. Had a hammer candlesticks yesterday, actually today is a good entry point as the stock is just slightly above previous day high. I always believe the opportunities always come when there is uncertainties. As we are going for mid term trade 2weeks-3mth, tomorrow it will still be a good entry point if the stock move higher. Stoploss can place at 4.80.

Thursday, July 7, 2011

STI Outlook

Hi all again! Sorry for the lapse between the posting.. It is really because there is nothing to post, finally we are now coming into the buy zone again. Following my previous post.. the day after my posting is indeed a great opportunity to pick up some good shares.. STI resistance remain at 3180 and 3240

Since now mid term trend has change to bullish(my view) we got some stock to look at.
Hyflux today close 2.09 chart looks like changing of trend, can consider to go long if it move above previous day high.
RafflesMg, Biosensor looks good... Sembmar support at 5.20, Semb Corp stoploss ard 4.85, Watch for STXOSV breakout of 1.42.

Monday, June 20, 2011

STI at channel support & Oversold

STI closed 3005 on friday ending the week with the Eighth consecutive day down. How rare we have this 8 days down in the last 2year, i think it gives us a good opportunity to BUY again! The question is always WHY?

My view is:
1) We are not in the bear market yet, now is just 10% down from the STI top(3300)
2) RSI is oversold <30, the last time it went below is before the Tsunami, we got chance to see rebound if Tsunami never hit us again next 2-3weeks time.
3) STI hit channel bottom, 3000 is a psychological level.

I will update if there is any good stock to buy, so far NO SIGN of rebound yet, the very few stock that is still standing are Firstres, Straitsasia, Rafflesmg. When times come we will be pampered with choices.. Stay Tuned!

Wednesday, June 8, 2011

Did you follow my previous post?

Follow up on my previous post on 1st June mid night:
1) I mention that it is hard to trade best to keep 70% cash, that day was the recent high STI hit 3181(resistance), if you have kept cash, today STI closed 3102(support) you should have money to buy some good stocks or Short some bearish stock.

2) I mention that the 3 popular stock is at risk of being short down Sunvic, Osim, Sembmar
- Sunvic went to the low of 0.73 next day after my posting, at the point of writing it was closed 0.78
- Osim was down to the low of 1.49 today! at the point of writing it was closed 1.67
- Sembmar was down to the low 5.19 at the point of writing it was closed at 5.33

At this point of time most people will ask what is the direction STI heading to? Currently STI still in the danger position as today it trade in a narrow range, although it is hanging at the 3100 support, if the support fail to hold we can go down further. The STI is currently below 20/50/200 Moving average, it show that it is downside bias and we should be worrying now even though we are at support level, hence play Defensive not Offensive. Be bullish when all the big stocks start moving up, meanwhile what you can do is to prepare when market starts to move. What bullish stock to buy if market goes up? What bearish stock to short if market goes down? If you are in my newsletter mailing list, we mentioned a few recently.

Cosco Corp closed 1.85 today, Following up my previous post you should be in the money already. As mentioned 1.80 is support level, we should take profit when . Short more if the support doesn't hold. Stoploss 1.91, reduce position if STI turn bullish

Genting closed 1.97 today, it is in a very obvious down trend momentum, currently on a sideway consolidation. IF it move down lower(break previous day low) it might visit 1.87 again, good candidate for shorting. Stoploss 2.04, reduce position if STI turn bullish

Thursday, June 2, 2011

Cosco Corp double top?

If you have notice, i have lesser post recently. This is due to the market inactiveness, and i think is hard to trade in this kind of market and so i think it is best to keep 70% cash and wait for market to show the direction.
Recently alot of "favourite" stock got shot down, e.g Gallant, Ramba, Ausgroup, Cosco. Watch out for those that still looks strong, they probably be next e.g Osim, Sunvic, Sembmar. Make sure you always got your stoploss in hand.
Cosco closed 1.94, has been down for the 6th week. The chart looks like it is consolidating for the past 1 week, if break down, possible to reach 1.80. If 1.80 support is broken there will probable be more downside as it is going into a long term down trend.
Once 1.80 broken the chart also form a double top formation. Good candidate for shorting, short only when it break prior day low, stoploss can place at 2.02.

Tuesday, May 31, 2011

Exit Strategy

Most people know how to buy, but do not know how to sell. Exits are important because your exit strategy will determine:
  • Size of your profits
  • Size of your losses
  • Length of your trades
  • Amount of your risk
  • Size of your position
  • Your percentage of winners
  • Your total return
For most traders exits are more difficult than entries. Why are exits difficult?
  • We have unrealistic expectations
  • We expect to sell at tops
  • We tend to apply too much hindsight
  • We sense lack of control
  • We can enter trades on our own terms
  • We must exit trades on terms set by the market
Solution: We need to have realistic expectations and take control of our exits. Sometimes the stock price immediately drop after we have bought it, accept the fact that we have bought it in the wrong time. Do not turn your short term investment into a long term investment.

Friday, May 20, 2011

Singapore on headline of Marketwatch!


Very seldom we see Singapore on Marketwatch headline, this time we finally made it! Expect caution trade ahead~ Watch your stoploss!

Tuesday, May 17, 2011

Bearish Stock

At the point of writing, S&P is in red at 1321 -0.58%, with US down for the last 2day. I think the chances that we have a green day tomorrow is quite impossible. hence i am looking at a few bearish stock that you might want to add into ur portfolio to balance the bull and bear.

Capitaland closed 3.15, Long term/midterm/ short term all down trend one of the most bearish stock in sgx. We have a Short signal in our system, can consider to short if it move 1bid below previous day low. Stoploss can put at 3.22, if can break below 3.08 i think there will be more meat below.

Citidev closed 11.20, also long term down, short and mid term fluctuating. I pick this stock because it recently hit resistance and bounce back after failing to break above. Can consider to short if it goes 1 bid below previous day low. Stoploss at 11.64

PEC closed 1.11, forming a Head and shoulder but yet to complete. Can consider to have a early short if break prior day low. Short more when it break the neckline. Stoploss at 1.15

Sunday, May 15, 2011

RafflesMG moving quietly

Did you notice that the healthcare sector is now out performing the other sector? You probably be making money this few month if you are holding stocks like Q&M and Biosensor. What about RafflesMG? In short-mid term view, it is uptrending because it is making a higher high and a higher low, few days ago just break the previous high. A stock you can look forward to buy on dips. P.s market can change anytime, remember to set your stoploss!~

Saturday, May 14, 2011

Learning from Guru - Paul Tudor Jones

Jones futures trading style and beliefs that i read from wikipedia, which i very much agree! - check out more here
  • Contrarian attempt to buy and sell turning points. Keeps trying the single trade idea until he changes his mind, fundamentally. Otherwise, he keeps cutting his position size down. Then he trades the smallest amount when his trading is at its worst.
  • Considers himself as a premier market opportunist. When he develops an idea, he pursues it from a very-low-risk standpoint until he has been proven wrong repeatedly, or until he changes his viewpoint.
  • Swing trader, the best money is made at the market turns. Has missed a lot of meat in the middle, but catches a lot of tops and bottoms.
  • Spends his day making himself happy and relaxed. Gets out if a losing position is making him uncomfortable. Nothing’s better than a fresh start. Key is to play great defense, not great offense.
  • Never average losers. Decreases his trading size when he is doing poorly, increase when he is trading well.
  • He has mental stops. If it hits that number, he is out no matter what. He uses not only price stops, but time stops.
  • Monitors the whole portfolio equity (risk) in realtime.
  • He believes prices move first and fundamentals come second.
  • He doesn’t care about mistakes made 3 seconds ago, but what he is going to do from the next moment on.
  • Don't be a hero. Don't have an ego. Always question yourself and your ability. Don’t ever feel that you are very good. The second you do, you are dead.

Wednesday, May 11, 2011

Manhattanres and Z-obee Chart

Manhattanres closed 1.13 today, has been up for 5days since it hit bottom(support at 1.03). This stock have history of making 10-20% single day gain, not suitable for the weak hearts. However if you side a side some money to give a punt then you can consider to long it tomorrow if it break prior day high. Initial stoploss can place at 1.06 or 1.01. 2weeks-2month trade

Z-obee closed 0.285, also a very trendy stock that is capable to make 10-20% gain/loss single day. Also not for the weak hearts. Enter if it goes above prior day high. Stoploss can place at 0.26.

Tuesday, May 3, 2011

Gallant and Ausgroup chart

Gallant closed 0.430 today, has been down for many days after the wide range bar appear. It is now suitable to use our swing trade setup as the CCI is oversold -100 and price between 20 & 40ma. Can consider entry if tomorrow price break above 0.435, Stoploss can place at 0.415.

Ausgroup closed 0.445 today, same as gallant, this stock also have a wide range bar recently accompanied with big volume and the volume diminishes as price fall. In the pic beside, i drew a box for the area it consolidate. Ausgroup is now at the bottom of the box, risk taker can consider to long at support. It might have more upside if it breaks the top of the box.

Thursday, April 28, 2011


Hi-P close highest at $1.24 today, up 1.64% while STI was flat. I have posted this stock for many many times, since $1 and i think it is still a strong stock.

Ex Div: 3 May, 1st Q result: 4 May

Tuesday, April 26, 2011

Gallant, Brightwor, Osim

Gallant, has been going sideway consolidation since the wide range bar appear, volume has also been diminishing. Watch out for big movement/volume.

Brightwor, have gone sideway for quite a long time after a period of uptrend. Recently it breakout from the sideway trend with high volume, signifying there is strength continue with the uptrend. Result coming out 29 apr, AGM on 28, Ex Div 10 May.

Osim International said first- quarter profit more than doubled to $20.1 million. Sales in the three months ended March 31 rose 16% to $149 million, the Singapore-based company said in a statement after the close of trading today.(bloomberg)

Charting wise, we have a buy signal today. This stock has always been outperforming the STI and most stock in sgx, i reckon it will have a very powerful uptrend if it can break 1.74.

Tuesday, April 19, 2011

Genting Sp follow up.

following up my previous post..

Genting has showed strength of holding on to the price after breakout, stay outside the downtrend channel for more than 10days and tested the resistance turned support line without falling back to the channel. Today, when market fall near 30points, this guy still standing strong and close the day at the highest point. These evidence give us reason that that this stock is likely to continue its short -mid term bullish trend. Can consider entry if it move higher tomorrow, stoploss can put at 2.05

CapmallsAsia downtrend channel

Capmallsasia, can take a look at this stock for shorting. Currently it is at the resistance of the downtrend channel. If the trend continues, we will be targeting 1.60. Use CFD for shorting, nothing is 100% always put ur stoploss.

Monday, April 18, 2011

Bearish Stock to Short

Swiber closed 0.84 today, current trend is still down and just bounced off the resistance line few days ago. Got potential to go lower, can consider to short if it go lower tomorrow, Stop loss can put at 0.89. Timeframe around 2 week.

NOL, since the start of this year, this stock has been going downtrend, few weeks ago, it change to consolidation phase when STI rally. Got potential to go lower if it break the box. Stoploss can put at 1.97.

Friday, April 8, 2011


ChinaMinzhong broke previous channel(green line), retrace back into the channel breakout again before testing the support. We some how can confirm that it has form a new and stronger upward trend. Good stock to look at for next 1-3month.

Tuesday, April 5, 2011

SIA Engg

SIA Engg closed 4.02, having a downtrend since October last year, this stock have been trying hard to break the 4.10 support. Finally it break through on 17/3 with a long black candle. As previously mentioned, a successful breakout is when the stock stay below the resistance for more than 10days and price fail to break through resistance when tested. Using our short term reversal system, we have a short sell signal today, Entry can be 4.00 , stoploss 4.11, Target 3.90 timeframe 2 week-1month. (disclaimer: nothing is 100%)

Monday, April 4, 2011

Genting Sp

Genting Sp rallied to 2.09 today, looking at the chart the price has just hit the upper channel resistance. There will be 2 possibilities:
1) It hit resistance, turn around and continue it's downtrend.
2) Breakout above the downtrend channel and continue to move higher(trend change)

For effective breakout we have to observe the chart movement for the next few day.
a) price move above 3% of the resistance line
b) price accompanied with high volume
c) Price continue to stay above for next 3-5day
d) price did not drop back into the downtrend channel for next 10days(sideway consolidation)

The stock will confirm the trend change when it make a "higher low"

Technically speaking, the above criteria is hard to meet unless the stock is really very strong. Hence for short term investor, we should consider to sell (half) when stock reach resistance. Buy back when the trend is confirm.

Thursday, March 31, 2011


Biosensor, after forming a low in the February market correction, the stocks rallied and break above the upper downtrend line forming a “high” point and then retrace to form another low. As this low point is higher than the February low, this is what we mention by a “Higher Low”. Having the 2 low points we can connect the 2 points to draw a uptrend support line for this stock, if there is more than 20 trading day(1month) between the 2 point, we will consider this as a mid-term trend. Another point to note is that this stock make a Higher low when STI is forming a lower low, this show that this stock has a “Stronger” trend than the market(STI). As market now is in overbought region, suggest to buy less than normal position if you want to buy.

Wednesday, March 30, 2011

STI outlook

STI +38 to close at 3095 today. Immediate resistant will be at 3100 and major support remains at 2920.

STI hit 3100 resistant today and retrace to close at 3095 which is above 200MA. Long term wise, we see some light, don’t worry of losing out to those who bought lower because if this confirm to be end of the downtrend, It is also beginning of uptrend so lets move in the market slowly (Buy with 10-30% of capital now for 1-3month trade). It will be better if we can see STI profit taking back to 3050-3000 level and turn back up. I am looking for a Higher High and a Higher Low to form in the index to confirm uptrend.

But short term the overall market(Global) is in an overbought position hence we do not think now is a good time to enter.

Wednesday, March 23, 2011

Wilmar, Noble Group: Swing Short

Swing Short setup for both Wilmar and Noble Group, With moving average 20ma below 40ma, CCI overbought, we can consider to SHORT tomorrow if the price drop below previous day low.
Wilmar- Timeframe 3-5days Entry: 5.16, Stoploss: 5.24, Target: 4.96
good risk reward ratio.

Noble Group, Timeframe 3-5days, Entry: 2.06, Stoploss: 2.11 Target:1.95

Wednesday, March 16, 2011

STI outlook- red alert!

I call this the Andy Yew Long term ETF investing system. What do you think the Red arrow is telling you?

Tuesday, March 15, 2011

Bearish Stock

STI is now below 200ma, if the index continue to stay below 3000 level for this 2week, we might be at the end of the 2year+bull run

Beside is a list of BEARISH stock you can consider to SHORT tomorrow. ONLY SHORT when it go lower than previous day low.
As you can see there is alot of index stocks in the list, STI also have short signal, so those who have bought STI etf may consider to exit you position.

Alot of stocks is below support level now, i do not suggest bottom fishing/ picking low.

Thursday, March 10, 2011

STI outlook

STI -10 to closed at 3092, immediate resistant will be at 3120 which is the 50% retracement level of the index’s 315pt correction during the Jan-Feb period and support will be at 3060.

Today pullback is normal so that it will give chance for those who missed out to buy again. So long STI stays above 200MA, we expect more upside for STI. If STI breaking above 3120, we shall see the index find it resistant at 3160, and with current market sentiment we believe it will reach 3220.

Sembmar, Semb Corp, Kep Corp, STI etf are still in play, take opportunity to buy on dips while STI is pulled back.

Long term: can look at UOB, Kep Corp,

Short term: can consider UMS,Brightwor,Osim only buy if price rise above previous day high!

Sunday, March 6, 2011

Semb Corp, Kep Corp

It has been long since i last posted, it is because there is really little good entry for trade to be done and my view remain the same, buy when STI crosses 200ma! Those stock i mentioned in my previous post indeed had done well this week. =)

Kep Corp: if you have bought earlier, can consider to add position if it break prior day high.

Techoil&gas: Can consider entry if it break prior day high

STI ETF: hold for long term, buy only when it go >3% higher

Take a look at SEMB CORP, closed 5.04, mid term wise can consider entry if price break above previous day high. Entry 5.08, Stoploss 4.70 Timeframe 1-3month. Target ard 5.70

Saturday, February 26, 2011

STI outlook

First of all, thank you those who have attended our monthly client seminars on Thursday, hope that you have benefited from our 3hr sessions and bring back some knowledge of trading. We will be having a more exciting topic next month, do keep a look out on our emails or sms. =)

STI jumped 52 points on Friday! Many will ask if this is a dead cat bounce or a real rebound. Well, I have to say that it is hard to tell with just 1 day of rebound but whether real or not realwhat is important for us to know is to buy or not to buy?

From the STI index chart, we analyse and found the following points(disclaimer, just for your info) :

  • - If you are have seen STI on 15 years chart you will see that the 200ma is very significant line to determine the long term trend, now we are still below 200ma (200 days moving average)
  • - If we buy when STI cross above 200ma, we have 80% chance that the index will rally for at least the next 3month(base on STI chart 10year).
  • - Currently the 200ma is sitting at 3052
  • - From the lowest point, we might see consolidation for 1 week before the bear turn into bull
  • - The last year correction STI went 127pt below 200ma, we went 90pt below this time.

Our advise is to slowly accumulate if you are aggressive investor, maybe you can load 30% of your money into stocks now. *** Make a stoploss if you are wrong, do not lose more than 5% of your capital each time. If you are conservative investor wait to see STI go above 3052.

Long term: STI ETF, Kep Corp, Starhub, M1

Mid-term: Sunvic, Hi-P

Short Term: UIC, Thinkenv, Ramba

Lastly, stay away from those stocks that have drop tremendously (52weeks low), Wilmar, yanlord, tigerair, SIA…… a lot more. Do not buy these stocks..

Keep in mind: What goes up, will come down. What goes down, may not come up!!

Have a great weekend!

Wednesday, February 23, 2011

Hi-P, ChipEngS

Hi-P 1.18, posting this stocks again as it is always performing well in despite market sentiment is bad. Can consider to add position if tomorrow hit 1.19-1.20 area. Mid-long term trade. Stoploss, can place at 1.10

ChipEngS closed 0.445 today with unusual high volume. This is a uptrend stocks that is now at support level (50ma) Can consider to get it around this level, Stoploss 0.425.

Monday, February 21, 2011


STI close 3070 (-16) today, overall market is still weak, it might go down to test 3030-3000 this week, hopefully it go down soon so that investors who are waiting at this point will all jump in and buy. However we still believe market will go higher once correction is over thus be ready to invest again!

Ramba 0.485, recently had a spike in volume and price. I believe that this is the signal to the end of its down trend. It had a small retracement last week and now seems to regain strength again. Can consider to buy around 0.485 stoploss at 0.44, mid-long term trade.

Wednesday, February 16, 2011

Market Sentiment

STI +14 close at 3094, resistant will be at 3120 and if break above this level we will see more upside. However if it fail to stay above 3120 then the rebound is not sustainable and traders must remain cautious! First support will be at 3060, follow by the 3000.

Why we said any good buying opportunity would be when the STI reaches around 3000 & 2980? First if ST break below 3060(the 200ma) there will probably be a heavy sell down to the next support level which is likely to be 3000 & 2980. Second US market has been very bullish since Dec last year without significant pullback, if it does pullback it will definitely affect regional market, thus STI breaking below 3060 may be possible. If market sentiments continue to be bad, short the property counters!

Good stocks to look at if market turns around: Kep Corp, SGX, CoscoCorp, SembCorp, Sembmar, NOL, Noble Grp... if you want diversification, can look at STI etf

Friday, February 11, 2011

STI broke crucial support!

STI down 47, to 3103 today! The 3120 did not hold as well as i expected. As this crucial support has been broken, we might see further downside in the next 2-5days. The next support can be found at 3050 and follow by 3000. Many asked why the market drop, well there are many reason here and there (china rate hike, US market 8days winning streak may end with correction or maybe a lousy budget announcement). Well.. i believe many shortist had entered short position when STI crosses 3120 which escalate the plunge across the board(My view la). So next is to find, where will they cover shorts?

The pic beside is the list of stocks that have been performing well for past few month, long term still uptrend, but mid term trend is bearish. If continue to drop, the long term trend will change its trend. Hence get out if it drop 1bid below prior day low. (those stocks the has been bearish for some time might not be shown here.)
If you not sure, do half.