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!!!

Uncover PRICE MANIPULATION in local counters... Avoid these time bombs!!!

I found a strange pattern in some counters whereby volume will increase steadily for weeks with price appreciation. All goes well until something go berserk and the Ponzi scheme collapse!! Check these three out and look closely at their volume!!! Did you see some pattern? :)

Happy profiting!!!
Keep away from these crappy stocks... I wonder do the authorities question these abnormalities? Hmm...

SP CORPORATION LIMITED

HEATEC JIETONG HOLDINGS LTD

KTL GLOBAL LIMITED

Mirror mirror on the wall, who is the strongest of them all??

Of all the FTSE Index, only 3 are performing stronger compared to STI Index. They are (in descending order)

1. FST Telecom
2. FST Healthcare
3. FST Real Estate Investment Trust

If you looks at the nature of these sectors, they belongs to the defensive categories. That means money will park in these area in times of uncertainty. It tells us a bit about our current economic situation!

Zooming into Telecom Sector, we have the following counters:

1. KepT&T
2. Singtel
3. M1
4. Starhub
5. Pac Cent

Counter (1) and (5) have terrible price patterns. That leaves us with only the 3 big local telecom. Singtel has been in a rectangular range formation. Only M1 and Starhub shows a clear upwards price trend. While M1 has broken down from the trendline, Starhub has a violent rebounce last week. So the winner is:

Happy profiting!!!

STI Weekly...Indecision

It is official!!! There will be No QE3 from now till the next FOMC meeting in September. The market will have to fend for itself for the next 3 weeks... Last Friday rally in US equities shows some return of risk appetite as interest now shift to the 2 days Sept FOMC. Wall Street is now betting that the extra one day suggests Fed may employs special tools to soothe the markets if situation worsen. The message is clear: You are on your own now!!!

Happy profiting!!

Burn another HOLE in our pocket... Quantitative Easing Round 3!!!

All eyes are now on Jackson Hole event on coming Friday 10pm where Fed Bernanke will announce monetary policy for US. This is significant as it was this event last year that Fed announce QE2!!! Will Fed announce QE3 to save the equity markets? Or will this be a black swarm event that sparks something similar to the collapse of Lehman Brothers? Let's put forward the scenarios:

QE3 announced on Friday (darn! they deserve B rating from S&P, Moody, and Fitch)

1. USD dollar will get trashed
2. US treasury and bond yield will go up
3. Risk sentiment for equity market and risk assets will pick up
4. Precious Metal will break new high
5. Singapore Dollar will appreciate against USD (maybe long term we might hit parity; good news for SG shoppers)

QE3 NOT announced on Friday (unexpected scenario)

1. USD dollar might appreciate as investors seek refuge in US treasuries and bonds
2. Equity market and risk assets get trashed as disappointment mounts
3. Precious Metal (Unknown reaction, it might react lower and then pick up as fiat currencies are losing flavor)
4. USDSGD may retraces higher

Will Fed burn another hole in our pocket by printing more money, inflating everything around the world? Can they continue abusing their World Reserve Currency status? Will they continue to punish the savers and reward the Wall Street pundits? 

We will see coming Friday... 

Happy profiting!!!

Unleash Wall Street Secret Recipe!!!

The Holy Grail for investment... Manage your expectations!!!

STI Death Cross... 200/50 = 4 (Sound inauspicious)

Probably the most significant event last week was the 50-Day EMA crossing below the 200-Day EMA for the first time since the Lehman Brother credit event. This cross is significant as it is a bear market signal.

Circled red are instances where the 50MA dips below the 200MA. As past data shown, such occurrences are usually accompanied by a slide of approximately >20%. Be prudent with your investment!

Happy profiting!

STI weekly update... Time to Buy or Fly??

After last week roller-coaster ride, let's do a re-cap on the daily and weekly STI index!

Weekly:
Spread is definitely larger than last week. Price now close somewhere in the middle, suggesting some degree of bargain hunting by investors. If we take last Nov high and recent July high as double top pattern (not perfect though), the downside projection is around the range 2660 - 2700. There is also a downwards channel forming on weekly, and the circled region is the confluence of 3 big technical important things: 38.2 fib retracement, resistance from previous swing lows, edge of channel, and the 2900 psychological level.

Daily:
On the daily, there is a hammer formed on Thursday followed by a rally on Friday. Short term, I believe we will start next week with a rally towards that dreadful confluence resistance zone 2900 - 2915 before further downside to the projected target.

That sounds like all we can get from technical analysis. But this market is now so fragile and is essentially sentiment driven. Sentiment can switch from headlines to headlines. At this volatile time, remember capital is king... Protect your capital to fight another day!

Happy profiting!!!
* SGX REACH will come online tomorrow, so expect volatility to reign in local market with HFT!!! It will never be the same again once computers take over... Argh!!!

Risk off week ahead!

Next week will be a risk off week... Some important things to note:

1. Outcome of EURO-zone Sunday meeting on debt purchase
2. FOMC speech on early Wednesday morning

Note that SGX is closed on Tuesday for National Day, just before the critical FOMC speech... 

On the currency front, USDCHF just drop a hint for next week risk appetite on my Oanda platform! US downgrade may not be a non-event as the news suggest.

More volatility ahead...

A picture speaks all... Be extra careful next week as US just lose its AAA rating!!!

STI Index... Still behaving as expected

There is huge volatility this week as US tries to close its talk on debt ceiling. Over here, STI index is behaving normally, without much unexpected movement. Price closes higher compared to previous week, and most importantly above the triangle pattern. Bias remain bullish to further upside excluding unforeseen macro economic conditions. Next milestone will be that 3300 resistance zone...

Blog Improvement:

As part of my learning journe, I appreciate readers who chanced upon this site to give me some counters to analyze. I will share my analysis in this blog, and hopefully the readers and me learn something meaningful through this interaction. Haha, make me work harder!!! Just email me (tradeforinfinity@gmail.com) with the following info:

1. Name of the counter
2. Your intention (i.e. Long or Short)
3. Your reason to enter
4. (optional) Price you decide to enter the order

Have a good time profiting!!!

STI Update... +44.44; what a number!!!

Well, price close strongly on Friday.. what's more can you expect?
http://clickandtrade.blogspot.com/2011/07/sti-review.html

Happy profiting!!!

Great Group Holdings... A sudden interest in undergarments!!! :)

Wow, another Progen Holdings in the making!!! .
http://clickandtrade.blogspot.com/2011/07/speculation-to-max-progen-holdings-ltd.html

Happy profiting!!! :)

Precious Metal... The way to go ahead!!!

Attached the last week CFTC precious metal positioning from Reuters... Net long increase in position for GOLD was impressive, and that for COPPER was superb!!! Wow... 

Singapore Tech Engineering... Made In Singapore counter

Technical picture does not look great for this counter....

GMG Global... OMG, what is price doing there?

A sharp re-bounce that will most probably be killed off by supply...

SMRT... Price hike is taken negatively!!!

SMRT, together with SBS Transit has asked PTC for a revision in fare price... The general public does not like price hike and this is reflected in the price this week!!! Inflation is killing us... argh!

Thai Beverage Public... Not a good time for celebration!!! :(

Similar situation like Z-Obee.... Are people drinking less as global economy falls into uncertainty?

Z-Obee Holdings... Sounds like COE!!!

Rectangular consolidation looks to collapse!!!

China Animal Healthcare... We love and care for animals!!!

This is one strange name that pops up... Haha!!!
And it is going in the opposite direction compare to our healthcare sector :)

Ezra Holdings... An ominous sign ahead of earning session??

Classical box breakdown, pull back, and off it goes to uncharted territories... May the force be with you!!!
Note: this week was the highest volume registered since May 2010.

More about the neckline in previous post:
http://clickandtrade.blogspot.com/2011/06/ezra-holdings-hold-your-neckline.html

Ziwo Holdings... Thou shall not BUY!!!

Picture speaks louder... let it do its talking!!!

Midas Holdings... Another poor chap!!!

It is just another day for bearish Midas... 0.55 looks sweet!!!

Neptune Orient Lines Limited... Price break down!

Someone just sabotaged this counter by forcing price below the low of that small reversal bar... This represents failure by buyers to come in to support this counter. More uncertainty ahead for this titanic...

Price has over-extended beyond my initial target of 1.50...

http://clickandtrade.blogspot.com/2011/06/neptune-orient-line-aka-nol-and-his.html

Tiger Airways Holdings... Where is the engine sound???

Budget airline has been under tremendous selling pressure after Australian authorities halt its operation in Australia. After the price gap down, this price vacuum will act as the price ceiling for the weeks ahead... Any rally into this zone presents investors a good opportunity to cut loss and traders a good opportunity to join the bear massacre.

Happy profiting!!

Renewable Energy Asia Group Limited... How low can it go?

This counter has been vomiting blood since Mar 2011 when it breaks out of its consolidation base. Price is now closing in to its multiple years low set in 2009 @0.035. Is a recovery in sight?

Time will tell from price action around 0.05. At this point, any purchase is like catching a falling knife. It is never easy to pinpoint a bottom!

Singapore Exchange... Squeezing every drop of money!!

SGX is aggressively looking for ways to increase its revenue... First, it extends trading through lunch break and next, it decrease bid size to encourage more risky taking. What is the collective belief of traders for this counter?

Dead or alive, show your hand!!
Happy profiting!!!

Singapore Post... Just post a bearish signal!!!

Mr Postman just sent a signal to those subscribing to its services!

Genting Singapore... Surrender, hitting, standing, double down or insurance?

Is this worth the stake for hope on price recovery?

PSL Holdings... Looks so fragile!!!

The crowd keep chasing price when price is getting tired! Give her a break, as she is breaking down...

Think Environmental... show your hand!!!

Last week was quite spectacular as we saw our favorite counter since last September whipsaw between two price extreme: 0.75 and 0.90. This weekly Doji bar marks indecision among investors/traders about this counter which has almost double since last year. Further, the spread has exploded tremendously! What's up with you, Think Environmental?

Well IMHO, this extreme price volatility has given us some insight on what we can do with this counter. Any break above 0.90 with volume is a sign of strength, and likewise, any break below 0.75 is a sign of weakness. Let's wait and profit from this war between buyers and sellers...

Happy profiting!!!

STI Review...

After last week euphoric action, what will happen to STI Index... Looking at the STI index chart, it has successful breach the pivot zone 3120 area to close at 3139. The next level of resistance will be around 3150. With one big uncertainty removed from the market, look forward to bigger risk appetite in H2.

Next week close will be crucial as the first week of every month typically sets the tone/pace for monthly performance, and the first month of the quarter for quarterly performance, and first quarter for next half year.

Happy profiting!!!

Speculation to the max!!! Progen Holdings Ltd...

Progen Holdings Ltd almost tripled on the last day of H1!!!
Today marks the end of QE2 and tomorrow the start of H2... Look forward to a fresh start with a clear mind!

Happy profiting!!!

Risky risk....

All the major equity indices are at a fragile state as all have BREAK multi-month trendline... DXY0 is showing strength, a sign of risk aversion as money divert away from risky asset! On Thursday, the financial world will all be looking at Greece! Will she stands against her citizen or the world? To be find out.... it will be exciting!!!

Always note that market works on a discounting mechanism!!!

Happy profiting!!!

Don't chase news as most of the time news tend to fool the mass :)

Capitaland Limited... Right on support!

STI close just a little above the critical level 3000... Much of next week action will depends on details of Greece rescue plan held on Sunday and FOMC minutes released on Thursday. Do keep a lookout!

Like STI, the once favorite blue chip Capitaland is right on support @2.75 at the close of Friday! From here, it might retrace and hit channel resistance 3.00-3.05* if STI manages a comeback. It may also be a good time to cut some loss for those badly burn by it!

Happy profiting!!!
* Strong resistance: supply may come in and swamp the infant rally

STI helpline, please call 3000...

It seems like tomorrow will be the deciding day for STI which is now siting near on the confluence of a big psychological number 3000 - 3010 support level and trendline from swing low May 2010. Looking forward to Friday close...

Happy profiting!!!