Rush for Yield...

Many REITS and dividend paying counters are rising today... A rush to safety?

25 June Random Thoughts

Security Name	Comment
YING LI INTL REAL ESTATE LTD	6/25 - Enter into a supply zone,bearish bias; watch price
Q & M DENTAL GROUP (S) LIMITED	6/25 - Massive breakup in price; watch retrace to 0.375
EZION HOLDINGS LIMITED	6/25 - watch for long at 0.81
CAPITAMALL TRUST	6/25 - watch this for a buy
OVERSEA-CHINESE BANKING CORP	6/25 - seeing a short towards 8.52
VENTURE CORPORATION LIMITED	6/25 - price compression; watch for explosion
SWIBER HOLDINGS LIMITED	6/25 - Attractive short to 0.545 at present level
MACQUARIE INT'L INFRA FUND LTD	6/25 - gap resistance 0.545; short play
DYNA-MAC HOLDINGS LTD.	6/25 - unsuccessful breakup today… price in tight range 0.365 - 0.38
SKY ONE HOLDINGS LIMITED	6/25 - short term long from 0.27 mini support (dangerous)
MIDAS HLDGS LIMITED	6/25 - classical descending triangle... may breakout from current 0.28 - 0.292 range
GENTING SINGAPORE PLC	6/25 - price is losing support... 1.32 is an attractive mid-term CT long play.
SEMBCORP INDUSTRIES LTD	6/25 - possible short to 4.83

Earning Season is here $$$

Outlook for Week 2 of 2012... (Tue)
Breadth improving; still keeping cautious...

1. Noble Group Limited looks weak and aim to 1.06; today volume is almost twice larger than Dec average volume
2. Genting Hong Kong Limited at critical junction 0.30 zone; expect a reaction
3. Overseas Union Enterprise is also at important resistance zone 2.20; more bearish bias
4. Keppel Tele & Tran is another hype counter; 1.00 looks possible for a quick bite

Here comes my first post in 2012! HUAT AH!!!!

Outlook for Week 2 of 2012
STI immediate resistance is 2750...

1. Hartawan Holdings is at a crucial stage where price will have a reaction
2. Biosensors break new high; prefer not to rush into trade as there are some selling activity last week
3. First Resource has upside potential to 1.57-1.60
4. HG Metal Manufacturing is a penny stock that just breakout from mini base; good potential for some quick bite to 0.105
5. Asiasons Capital Limited looks like being manipulated... Just look at the volume pattern
6. Broadway Industrial Group looks to drop hard southwards to 0.25
7. Hyflux is a goner...having difficulties to move up; look towards 1.18 zone

STI...

Next week may be an UP week*.... Good for short term trade!

*Note: Personal prediction, take with a pinch of salt :)
Happy profiting!!!

Back for Action...

Wow, so much had happened during this period! Anyway, STI index just closed at NEW LOW since 2010. The mini consolidation on the weekly chart just break lower, and it is definitely not the right time to enter. Immediate resistance stands around ~2720, with next support level at 2667 and 2586.

Note: Advance decline line just break new low along with the index.

Trade well, and happy profiting!!

On vacation...

Hello everyone who has been reading this blog, I will be away for vacation till end of Oct. USD has stage an incredible rally against SGD, hmm, better get my money change before the rates worsen... hehe!!

Trade well, and happy profiting!!!