Yanlord hit resistance!

Yanlord is now at the resistance level, hitting the downtrend line which formed since July 2009. Will it bounce off the trendline and go lower this time? I am not so sure too, Mid and short term trend is still bullish. We better watch how the market perform next week and wait for a better buying opportunity rather then chasing aimlessly. Congrats if u have followed my previous post. =)

Genting Sp

Genting Sp is back to test the resistance line again! If you have follow the last post on Genting SP, you should know what i am talking about, the price turn down after failing to break thru the resistance trend line.

Not sure whether this time it will break the downtrend resistance line but it will be safe to get out as market is also in the overbought position.

Gong Xi Fa Cai

Market Talk email on Tuesday 17/01/2012
First of all congrats those who followed our email and have bought stocks for the past few weeks and hope you have made yourself nice profit for the Chinese New Year! Remember that we also mention that the STI index 2906- 3000 is the resistance level. We are pretty close to the resistance level now, and we are going in to holiday season in next few DAY. We think that it would be safe for us to take profit off the table as to better manage our risk and enjoy our holiday.
- Reduce Long position in the market OR
- Lookout for some Weak stock and have small Short position for hedging (If you are holding some long position)

Market talk Email is a service provide to my client, if you wish to receive
our MarketTalk Email from me, please drop me an email at yew.andy@ymail.com
Gong Xi Fa Cai

Yanlord

Yanlord, oh my lord! We got a buy signal here! Recently the mid term change to bearish(Red candlestick) but the long term trend(blue ribbon below) remain bullish. Now the mid term trend is back to bullish, if u are looking at this stock tomorrow will be a good entry if the price break above today's high), if not, just wait for another day for it to break prior day high.

Semb Corp, Ho Bee

Happy 2012 to ALL!!! STI rose 57 points and closed at 2716 last week, volume has been pick up accordingly as well. Apart from the impact from US and Europe market, Investors are also expected to increasingly focus on corporate news next week as Singapore companies enter the earnings-reporting season. 2630 is the key support which is also what I called buy zone. 2740 is the first resistance we face to now, for STI to go up to next level, we need to see it stay above 2740

SembCorp Closed 4.2 on friday, ever since it rise from the trough of 3.2, if have been going on sideways for the past 2month or so. Well, sometime a stock moves sideway is good, especially when the rest of the market is falling down, our ARTS- position trade has got a signal for entry on mid-long term trade. Entry only when it break above prior day high.

Ho Bee last close at 1.035, Long term trend down, mid term trend down, short term reversing, if market is going to be bad. This stock might be a good choice to short as our system gave a signal that it is showing weakness. can consider to short if it break below 1.02. Stoploss at 1.08.

Yanlord

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

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.

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.

Brian Shannon Market Analysis 3/10/11

Outlook

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.

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.

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!

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.

http://www.businessinsider.com/death-cross-now-in-play-2011-8

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.

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!

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..

Biosensor

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

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.

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.

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!