Thursday, March 29, 2007

Dow -90, STI +27

What a wonderful day for worldwide market!They totally ignored the pitiful pleas of Dow's -90 close last night and rallied strongly. Most went from very negative to positive, so that's the kind of bullish undertone we're talking about there.Nikkei went from -200 something to +9, HSI went from -60 to +270, while STI went from -50 (i think) to +27. Amazing recovery by STI with not too bad vol too. Most stocks are down in the morning, but by afternoon not a lot of stocks are red.Again, I'm just amazed by the strength and resilient of blue chips....

Wednesday, March 28, 2007

Pac andes on fire!

After dow's -70 closing last night, regional markets went down.In my opinion, it wasn't down THAT much. HSI down 150 plus points, nikkei down 100 points, STI down 30 points. A few macro factors that may affect global markets. First to come to mind is the rising middle east tension. But come on, when is the last year you knew that middle east isn't in danger of war? Only this time is Iran. Some sailors from UK got captured, Iran refused to hand over them, blah blah. Due to this tension, oil price has been rising too. Last I heard, oil per barrel...

Tuesday, March 27, 2007

Bullish engulfing on STI?

No charts today, too tired.Swiber did well, broke 1.26 resistance and reached intraday high of 1.3 before closing above resistance at 1.27. Next resistance at 1.3, breach that we'll rock and roll.One of the rare times that I saw STI being independent today. HSI and Nikkei dropped (although a little), STI is the only green market around this region. Good huh? And all this is on a down day for Dow. Perhaps rumors are flying around the market that Marina bay construction contract is going to be awarded soon. Yongnam, BBR and CSC flew with top volumes....

Monday, March 26, 2007

Pac Andes is worth the wait

Today Pac andes did me proud!I held that stock since last year April, when I started buying my second batch of stocks. I bought it because of a recommendation by DBS vickers and held it ever since. It didn't do well, but neither did it sink, more or less ignored by the market for the most of last year.Because Pac andes is going to issue rights: 1 to 1 right to buy new shares of pac andes at 0.52, which is at a huge discount from today's closing...

Friday, March 23, 2007

Stock picks from me and their price to accumulate

STI pulled back together with low volume after a run up for the whole week. Looks rather okay to me. STI bounced right back after hitting intraday of 3200, and closed at -13 points.Even thought STI puts warrants went up today, so I could actually sell to cut my losses tighter, I still think it's a good thing I sold off ysterday. This is because when I don't this losing warrants, my mind thinks clearer. Psychological trading is important, not just...

Thursday, March 22, 2007

Sold my STI puts, gng to be cautiously bullish

If you saw the DOW chart last night, you see something spectacular.Around 215am singapore time, Ben was making his speech for the FED meeting. Dow spiked upwards sharply and never looked back. So what's new? Rates remained unchanged. But I guess people perceived that his language had softened in the sense that he might actually decrease the rates to help boost the economy somewhat.Looks like my puts have to be sold, which I did today. Made losses...

Wednesday, March 21, 2007

Reflection for today

I didn't post for the couple of days because I'm too busy. Haven't been trading anything because of the situation we have over here.Looking at STI, it shows quite a number of conflicting signals - signs that markets are not sure of where to go. STI exhibit a symmetrical triangle, which by itself is not bearish nor bullish - it depends on where STI breaks out, is it on the upside or downside. Today, it seems like STI had broken out of that triangle...

Sunday, March 18, 2007

As in heaven... as on earth - signs in the sky

There's so much uncertainty in the market nowadays. STI is making bigger and bigger swings daily ranging from 20 to 100 per day, something that I haven't seen before. The best thing to do now is really to stay on the sidelines to wait for direction before plunging in.The big question here: is the correction really over, or has it just begun?Nothing can tell the answer. If you ask me, based on the charts, STI has more room to go down. I'm quite bearish and I do have put warrants on STI, so do take my point with a slight dose of skepticism. STI...

Thursday, March 15, 2007

-120 to +50

Rude shock that I got today.I monitored Dow yesterday night and was quite happy to see it drop to a low of -120. But before I know it, it opens at +50. As a result, market worldwide experienced a sort of rebound after yesterday's big selloff.However, today's rebound is quite low in volume. If it goes up with low volume, it's an indication that a reversal is in sight. If it goes down, it doesn't have to be low volume, remember that! Dow's close tonight will be crucial to see how market will react. PPI figure for US is 1.3% higher than forecasted,...

Wednesday, March 14, 2007

Puts puts puts, wait for what?

I've been waiting for this.Okay, granted that the last few days of rebound (read: with low vol) almost wiped off the bearishness from my face. But last night, when Dow closed a mega -245 points due to its prime mortgage loans thingy, I'm on board the bearish train again.First thing in the morning that I do is to buy STI puts. I wanted to get HSI puts but since I won't be monitoring actively for the whole day, I thought it's too risky and so I didn't....

Tuesday, March 13, 2007

Steady, it's still intact

STI down 23 points, HSI down 100 points.I just checked the charts for HSI, looks pretty okay still, uptrend recovery is still quite intact. Actually, STI too. Basically I'd like to believe that the recovery is still on the way, today is just a shakeoff from 5 or 6 days of up days.It's actually Dow that I'm worried about. Dow is rather weak these days. With a slew of economic data that are not in favour to a bullish sentiment, I think Dow could hinder or at least affect our recovery. When US sneezes, asia will also catch a cold. The bugbear for...

Monday, March 12, 2007

Bearishness almost wiped out....almost

Sorry for not posting these few days, been a bit busy going here and there with the IT fair.Haha, first rule of the market, don't argue with the market. It doesn't matter what you think or I think, the market will have its own opinion. Seems like these few days of rebound wiped the bearishness in me. As someone told me, this rebound is like a basketball rebounding after hitting the ground - it missed your hands and hits straight to your face. OUCH!Here's...

Thursday, March 08, 2007

Not today

Not today.Today we see a splendid rebound. At first in the morning, it was lackluster everwhere, with HSI and STI trending up and down. Basically there is a lack of direction because dow close -15 last night. It didn't rally, yet it didn't crash. Around afternoon, nikkei starts to cheong. I do not know the reason why it suddenly shot up +325 points. With that, HSI start to rally up too, finally closing at +256. STI also went up to close at +63....

Wednesday, March 07, 2007

The calm before the storm?

Today we see a bear trap.A bear trap is a fake rebound, tricking investors to think that the worst is over before plunging down, thus trapping more people at a high. It happened to HSI and it happened to STI. Tmr might see another selldown day, pending on dow jones.HSI made a total reversal. Before market opens, puts are down by a lot. When market opens, calls are up as HSI climbs up to a high of +200. After lunch, it went down all the way to close...

Tuesday, March 06, 2007

Rebound

Today market worldwide made a U turn.It's not just another rebound. It's a bit of mixed signal to me. First of all, market volume seems low, but it could be because people are cautious after a major selldown so they won't return in flocks when we're still in bullish phase. Another thing is that STI stayed far from ema100 days without even touching it. Today, we up another 54 points with strength (though low vol). HSI also stayed cleared of ema200 days, when it opened at +300 points and closed +400 points. Strong rebound. The charts also looked...

Monday, March 05, 2007

World market crash day...again

World wide crash day again.HSI crashed 770 points while STI tanked down 140 points before recovering in the afternoon session to close at -90. This was followed by last fri's Dow which fell 120 points. Nikkei also didn't lose out, fell -575 points.HSI broke 100days ema support. Dangerously near to 200 ema days support. If 200 days ema support also failed, it means that the long term trend for hsi has been broken, we can all say bye bye to HSI. I...

Sunday, March 04, 2007

Charting on HSI and STI

Market outlook:Dow fell another 120 points last Fri, so tmr's quite confirmed is another selldown. It's just a matter of how bad it is.Looking at hsi charts, it only tells me one thing: There's more downside. The green line is ema100. From the chart, we can see that HSI had fallen below ema100 days, so the next thing to look at will be ema200 days. It's still early to tell if ema100 days will act as support, but from other oscillators, it doesn't...

Thursday, March 01, 2007

Bad..

Today we see some rebound in the morning, however it was eaten by bears to close at -11 for sti.Hmm...things start to look bad. Just had a look at dow, -200 as of now.Nothing much to say today, wasn't even actively looking. If dow close again at -200 to -400, expect another bloodshed day for sti tmr. KT, if you're reading this, don't sell now. Even if this is the start of a bearish turn, it will not go down one straight line. There's a time to exit, so sell when there's a relief rebound, unless your stop loss is triggered.Good luck guy...