Latest Stock Market Update

Latest Stock Market Update

The Stock Market Is Infested With SHARKS……   
stock market is infested with sharks
……And These SHARKS Lurk In Every Correction Of The Stock Market To Devour You WHOLEheartedly!
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Monday July 8th 2013

Am expecting DJA and STI to move higher in the next one week but it will not be an easy move up along the way.

Mirach Energy

Bought at S$0.135. Too bad that I had sold off too early at S$0.19. It went on to hit a high of S$0.32. Now consolidating at about S$0.30.

Addvalue

Hit my cut loss at S$0.87. Bad move and made a loss this time. However, managed to buy back at S$0.082 and set my cut loss at S$0.078.

SeeHS

Tussle among its directors is still on. Stock price went back to hit a high of S$0.29. Bought some on July 4th@S$o.25 and it went on to hit strong resistance at S$0.29. Am still holding on to this stock.

Lian Beng

Lian Beng, my pick as mentioned in my last report, hit new high of S$0.575 today to close at S$0.57. This stock price should continue to move up but am not vested.

King Wan

Am keeping a close watch to buy into this stock. Looking forward for this stock to move like Hiap Tong.

Hiap Tong

Sold 30% of my portfolio at S$0.375.

OKH

Sold off my stock at S$0425. Will buy back if it does drop back to S$0.38 or S$0.385 again.

Stock to watch:

UMS

XMH

St James – expecting a rebound soon.

Monday July 1st 2013

Wow, true enough, the STI and most indices in my watchlist came tumbling down. The STI correction started on the 23rd May and has since drop about 13% from a high of 3464 to 3064. Today the STI closed at 3040 and was unable to get pass the current resistance of 3162. There is a very good chance of the STI index sinking deeper if it cannot break through the current resistance in the next few sessions. However, I have a feeling it gonna pierce through the resistance, gauging from the way most stocks traded today. In any stock market trading, momentum is  very volatile, and prices can swing up or down without you realizing it, so be very alert and always expect the unexpected.

Bank stocks prices had dropped in line with the STI downward slide but the worst hit ar the REITS.

Managed to have some good trades despite the index correction.

Mirach Energy

Bought Mirach at S$0.135 on 21st May and the next day it was halted. When it started trading 6 days later on 27th May, I managed to sell some at S$0.17 immediately when it reopened but it rose to an intraday high of S$0.197. Then it came down to hit my trailing stop for my balance of my holding at S$0.19 for a good profit. It closed at S$0.18 the same day. Today, Mirach broke the S$0.197 resistance to close at S$0.215. Too bad I did not buy back the stock.

Addvalue

Bought last week at S$0.085 and it rose to a high of S$0.89 but came down the next day hitting my stop@S$0.86 for some coffee money. Today Addvalue broke the S$0.09 resistance hitting an intraday high of S$0.093. LOL, got some @S0.09 when it came down to say good bye, hope it is good buy, otherwise I have to cut loss.

Hiap Tong, Yongnam, Nam Cheong, Sky One

I am still holding on to the majority of these 3 stocks though in between session, I did manage to trade in smaller quantity, sell and buy back within a trading range on Hiap Tong and Yongnam.

OKH Global

I had bought this stock@S$0.375 last Friday. Today it hit an intraday high of S$0.41 before closing@S$0.405. I am expecting some big move up on this stock. I am very bullish but will still have my strict price stop@S$0.385. Wish me luck and hope it will not come down to say good bye like Addvalue to hit me out before rising.

Other current strong stocks I am bullish on:

Chasen Holding

Cordlife

Freight Links

Lian Beng

Longcheer

UMS

XMH

See Hup Seng

Since my call for buy@S$0.26 early April 2013, it went on to hit an intraday high of S$0.33 a week later on 18th April 2013. After that day, SeeHS was unable to crack above S$0.305 and had in the past week came tumbling down. It closed@S$0.25 (intraday low S$0245). Lucky me, I had sold them off between prices of S$0.29 to 0.30 before the drop. Now at S$0.245, think it is a safer time now to load some but should it breaks current support, SeeHS is likely to sink deeper. Need to be very cautious trading this stock. My view, I would prefer to sink my money into bullish stocks which I had mentioned earlier, especially my new find, OKH.

St James

Something should be brewing in this stock. Keep a very close watch for a reversal………….coming soon.

 

Monday May 6th, 2013

Since my last report, DJIA has been hitting new highs and the STI also keeps rising to a 5 years high, closing above 3400 on last Thursday May 2nd, 2013.

Although the STI having hit new 5-year high, especially the penny stocks have been consolidating and moving downwards.  In fact some stocks like Ausgroup and Ntegrator, had dropped.

Overall, most indices are overbought and i am anticipating a correction coming soon, most likely closer to the end of this month. However, please do bear in mind that no one can dictate the market, so do trade safely and always be prepared to take losses.

See Hup Seng

Volume has been good after it had consolidated to a low of S$0.245. It closed at the high of $0.27 today. Something is brewing in this stock and could be breaking the last high of $0.33 pretty soon.

Yongnam

Today, Yongnam hit the high of $0.32 again but failed to break through and closed at $0.315. There is a setup for this stock to go higher and I think it should likely break the 0.32 resistance soon if not tomorrow. Hold on to this stock and enjoy the ride up.

Singtel, Cordlife and Sheng Siong

Singtel had risen 5% to a new high of $3.96 since my last call at $3.75. The gain is not much as this is a slow moving stock.

Cordlife has also risen 10% to a new historical high of S$0.765 to close at 0.76 today.

Sheng Siong had also moved up to a new high of S$0.72 but its price had dropped in line with its ex-dividend last week.

Baker Tech

I noticed earlier (last 30 minutes of trading), there was a squeeze to buy up at $0.43), probably due to its dividend payout of $0.10. But it still closed at $0.425. Watch out for this stock tomorrow, I expect its stock price to drop more than the $0.10 payout when it reopens tomorrow to trade ex-dividend. It has always been the case that a stock price drop more than its dividend payout on the day  when it traded ex-dividend. It could be trading a low as $0.30 – 0.32.

Advanced Holding

Something is brewing, worth collecting this stock at current price level.

Bullish Stocks to watch

just to name a few…………..

Cordlife
Chasen
Comfortdelgro
Engro Corp
Fortune Reit
Kep Reit
Kreuz
KSH
Lee Metal
Lian Beng
M1
Mapletree Com
Mapletree GCC
Mapletree Ind
Metro
Osim
OUE
PLife Reit
Sabana Reit
Sarin
SATS
Singtel
Singpost
Starhub
Yongnam

Buying at breakout is high risk at current overbought indices, myself, I would prefer to buy stocks at support level and take small losses if support cannot hold.  Please do take note that the above bullish stocks indicated are my vain selection, so do not take it seriously.

 

 

Wednesday April 24th, 2013

Wed 2013 April 8th Last Closed Change % Change Previous Day Open Day High Day Low
DJI(previous day data) 14719.50 +152.30 +1.05% 14567.20 14567.20 14721.40 14554.30
SSEC 2218.32 +33.78 +1.5% 2184.54 2187.35 2226.12 2184.11
STI 3322.71 +38.36 +1.17% 3284.35 3297.19 3322.71 3279.82
GLD US$10 – SGX 136.68 +0.92 +0.07% 137.60 136.98 138.26 136.98
iShares Silver Trust (SLV)
NIKKEI
HSI
AORD
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DJIA was up about 150 points yesterday while almost every european markets rose sharply, as high as 3%.

STI rose 38 points or about 1%, however most stocks other than the index stocks did not move much.

Today top performance stock is Lorenzo, rising from S$0.084 – S$0.174, an increase of 104%. Wow,  double your $$$$$$ in a day trade. Too bad, i do not have this stock. My guess is the STI penny trade is making a comeback again.

See Hup Seng

Bought into this stock recently when it broke out of the S$0.26 resistance and had sold for a good profit at S$0.33. Also made some small profits via 2 rounds of swing trading into this stock when it retraced to the S$0.255 level. Today I again buy into SeeHS @ S$0.27 after having sold then all at S$0.285 yesterday. Have a very strong feeling it will be breaking the last high of S$0.33 pretty quickly soon.

Yongnam

I’m still holding tight to this stock. Am looking forward for it to break out of last high soon too.

Singtel, Sheng Siong, Cordlife

Very likely to breakout of its current resistance level.

STI

A setup has been formed and is ready to breakout of its current resistance to move to the next level at 3500. However please do take note that most markets, especially DJIA, despite that it has been overstretched but yet keep breaking new highs. Be preared to take losses should the market decides to u-turn.

Gold

Wow, gold tumbled to a low of Us$1280 on the 16th of April 2013 but has since recovered some lost ground to US$1360.00. Gold now should be trading between US$1280 – 1450.00. Unless gold can break the 1450 resistance convincingly, otherwise more likely gold is expected to drop to the US$1100 if it does breakdown from the current support at 1280.

 

Monday April 8th, 2013

Mon 2013 April 8th Last Closed Change % Change Previous Day Open Day High Day Low
DJI(previous day data) 14565.30 -40.80 -0.28% 14606.10 14606.10 14606.10 14434.40
SSEC 2211.59 -13.70 -0.62% 2225.29 2196.24 2212.59 2180.67
STI 3284.61 -15.17 -0.46% 3299.78 3294.96 3298.85 3283.52
SPDR Gold Shares (GLD) 152.68 +2.50 +1.67% 150.18 151.00 152.84 152.68
iShares Silver Trust (SLV) 26.39 +0.40 +1.02% 25.99 26.21 26.44 26.09
NIKKEI
HSI
AORD
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Since my last market report, djia refused to have a correction although it is already in the overbought territory. Be alert of a correction of at least 10% coming soon.

Yongnam

I am fully vested with yongnam, bought more at 0.285, 0.28 & 0.275 and am expecting it to break new high very soon.

SeeHS

I am getting ready to load if it break above 0.26 convincing. Look like something is brewing. Keeping a close watch.

Wilmar

Unable to break the 4.00 resistance and had since sold off at 3.80. Am not bother on this stock now.

Ley Choon

No happening in this counter. I had since sold off at a 0.005 profit for some small coffee money. 😀

GSH

This is good. Already sold off when it hit 0.122 and 0.128. It did hit 0.13 but now it is consolidating at around 0.11.

Addvalue

Managed to sold off at 0.088 and 0.096 for some good profit.

As for now, I am cutting down my stock holding.

Gold

Gold has hit the support level of 150. Look like it gonna break this support and if it does it is likely to dive to the 1300 level. Be very alert if you are buying at this support level and be prepared to cut loss.

Good luck to all

cheers

 

Sunday February 3, 2013

Fri 2013 February 1st
Last Closed Change % Change Previous Day Open Day High Day Low
DJI(actual day data) 14009.79 +149.21 +1.08% 13860.58 13860.58 14019.78 13860.58
SSEC 2419.02 +33.60 +1.41% 2385.42 2377.41 2421.15 2369.57
STI 3291.14 +8.48 +0.26% 3282.66 3286.65 3293.31 3275.76
SPDR Gold Shares (GLD) 161.45  +0.25  +0.16%  161.20  162.66  162.77  160.67
iShares Silver Trust (SLV) 30.78  +0.34  1.12%  30.44  31.02  31.05  30.06
NIKKEI              
HSI              
AORD              
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Wed 2012 June 20th Last Closed Change % Change Previous Day Open Day High Day Low
DJI(previous day data) 12837.33 +95.51 +0.75% 12741.82 12744.54 12917.37 12744.54
SSEC 2300.79 -15.96 -0.69% 2316.75 2313.46 2313.46 2298.39
STI 2855.68 +13.27 +0.47% 2842.41 2853.94 2861.53 2844.22
NIKKEI
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Wow wow! My last update was more than 6 months ago. LOL

Some of the stocks I have loaded recently:

2 days ago, on Friday 1st February 2013, I have bought some Raffles Education at S$0.37.

A week ago, loaded the following: Addvalue S$0.79 and S$0.80. Last Thursday, I managed to buy more of this stock at S$0.081.

Also loaded Ley Choon at S$0.215 and GSH at S$0.102 recently.

Stock unloaded recently:

singpost sold at S$1.21 for a S$0.06 gain after holding it for about a month.

Ntegrator sold at S$0.067 for a S0.019 profit which I bought a week ago at S$0.049. Had been in and out of this stock since its price was at S$0.033.

Nam Cheong: On 9 January 2013, I unload all my nam cheong shares at S$0.28 (high was S$0.29) which I had bought about a month ago at S$0.24. However when it announced placement shares@S$0.255 on the 10th January 2013, the next day its stock price dropped to S$0.265 for which I managed to buy back at S$0.265. The next day it did went up to S$0.28 again but I didn’t sell it. In the next few following days, it dropped below my buy price (low was S$0.255) and have since been trading around the S$0.26-0.265 range. I had since sold it at S$0.26 for a loss of S$0.005, to buy into Addvalue, which has since risen some 10%.

Stock Market Outlook

Last Friday, on the 1st of February 2013, the DJIA had broken out of its resistance with a rise of 150 points. Come Monday, everyone is anticipating the Asian markets including the STI to continue its massive bull run. In opinion, the bull may continue to charge up but I shall have to be very cautious of this fatigue bull still attempting to move up against a steep slope. The STI, DJIA including the Shanghai market have already been grossly overbought, I am expecting a correction of about 10% soon when the indices hit resistance again.

Next week I am looking forward to Wilmar moving above the S$4.00 mark. I will be selling this stock which I had bought at S$3.06 some 2 to 3 months ago.

Some of the stocks I am still holding:

Ausgroup: costs about S$0.48, last traded at S$0635

Ipco:  costs about S$0.02, lasted traded at S$0.024

CNMC Goldmine: costs about S$0.34, last traded at S$0.46 (Gold price is in a downtrend but find strong support at about current level. Need to exercise extra caution if Gold price is to break down of the current support)

 

Wednesday 20 June, 2012

Dow Jones Industrial Average Index

Since my last report on the 4th of June, DJIA had moved up almost 800 points and had broken the resistance of 12700 hitting an intraday high of 12917, to close at 12837 yesterday.

The bull has now temporary moved in and as long as the Dow Jones Industrial index does not break 12400 mark, am expecting the market to move side way. Immediate support should be in the region of 12700.

Be prepared to short the market again as the bull strengthen closer to the 13500 mark or as and when the bull shows weakness.

Shanghai Stock Exchange Composite Index

SSEC closed at 2300 today, which is almost unchanged since my last report some 2 weeks ago at 2308. The Shanghai market should find immediate resistance at 2350 and unless it can break the 2400 mark, i do no foresee any chance of it going any higher, breaking the bear trend.

Immediate support for SSEC should be about 2270 and 2240. However, as mentioned in my last report, if the Shanghai index does closed below 2130, then we gonna see a double bottom.

Straits Times Index

Unlike the SSEC, the STI is trading in tandem with the DJIA. Both DJIA and STI are still not in the bear trend yet. However, I do not expect both market to have a strong rally up.

The Straits Times Index has since the 4th of June, moved up almost 150 points or about 5.5% to closed at 2855. The bear is now taking a breather and taking position to ambush the bear at the 3000 mark.

As of today, the STI is a little over bought and do expect some minor correction before it can break 2900 level.

Stock Watch

Addvalue: Still an uptrend stock. It did broke the S$0.095 support and went on to hit S$0.089. When it rebounds, place an order to buy at S$0.09 but my order was not filled.

I did managed to buy at S$0.092 yesterday but had took profit on 50% of my holding this morning. I shall leave the other 50% to run with trailing profit at no lower than S$0.093.

Oakwell: Bought this stock 2 days ago at S$0.051 and had sold it off today at S$0.052 for a S$0.001 profit.

Aussino: Impressive explosive move. In a mere less than a month, its price has risen from S$0.05 to S$0.19, that is an impressive almost 400% profit. RTO and Aung San Sung Kyi play.

The big move was in the last 4 trading days when it moved from S$0.08 to a high of S$0.19. When i took noticed of this stock, it had already moved up to S$0.12 and therefore I have to forgo this stock for this time round. Nevertheless, I shall keep a close watch on this stock when it retraces down the to 50% level.

Burmese Stock Play and Penny Stock Fever

Look like the Burmese Stock Play and Penny Stock Fever are back again. Some of the penny stocks to look out for:

Addvalue, TT Int, Yoma, Interra Res, Rowsley, UPP, Ntegrator, Artivision, Vallianz, Adventua……just to name a few.

Hor Kew: There is still no movement in this stock as it is now not actively traded. But I am keeping a close watch on this stock.

Monday June 4, 2012

Mon 2012 June 4th Last Closed Change % Change Previous Day Open Day High Day Low
DJI(previous day data) 12118.60 -274.90 -2.22% 12393.50 12391.60 123391.60 12080.50
SSEC 2308.55 -64.89 -2.73% 2373.44 2346.98 2348.20 2308.23
STI 2706.57 -39.14 -1.43% 2745.71 2706.57 2715.60 2698.90
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The STI had dropped more than 6% since while the DJIA tumbled some 700 points or about 5.5%.

Shanghai Stock Exchange Composite Index

SSEC performed “better” but still dropped 66 points or approximately 2.8%. SSE is likely to trade like a crab but if it does drop below 2130, it’s going back to 1600 level again. However, if it can trade convincingly above 2500, at least we can smell some bull shit. More likely SSE should be sinking slowly for the time being.

Dow Jones Industrial Average Index

DJIA, leader of the pack, is oversold as of todate. Time for a short rebound soon for refuel, take a breather and to gather strength for a deeper dive to the 11000 level. Unless Dow can break above 12700, which I do not foresee any chance of it happening soon. Even if it does, the climb will be short-lived. My take is to short when the bull gathers strength.

Straits Times Index

STI, this index does not has a sense of its own direction. Literally it just follow the direction of where Dow is heading. At times, it does also take direction from SSE, HSI and/or even Nikki, as well as FTSE. In Singlish…….it means Just Follow Law”. 😆

Stock You Can Still Hold

As mentioned in my previous posting, the following stock did not wavered although most world indices had tumbled.

Fraser CT: price still holding firm at S$1.63 although it did dipped below support to a low of $1.57 due to panic sell down of last friday Dow -274 point. As mentioned earlier, shorting the market is the preferred choice. If you’re holding this stock with a cut loss in place, most likely you would have been taken out of this stock.

Chasen: just like what it had happened to FraserCT, Chasen price dipped below support to a low of S$0.285 before returning to close at S$0.31. However, if it does come down again to break S$0.285, then we may see it hitting S$0.20 again.

Starbub: price still unchanged and holding well at S$3.23.

Fortune Reit: not much changed in price since my last post. closed at HK$4.38 today.

Addvalue: still an uptrend stock. If you are looking for stock to long, this stock is good for short term trading. Buy around support but be prepared to cut loss if it does break S$0.094 level.

Weak Stock To Watch

Wilmar: It did not retraced to S$4.50. since my last post, it had dropped another S$0.50 or about 13% to S$3.50. There should be some support at this level but if it does break down again, we should be looking at S$3.00. More likely a short rebound is likely before it can gather strength to dive further.

Olam: Same fate as wilmar.

The market now is slowly creeping closer to the cliff. It is not there yet but the best trade now to make money, is for the bear to ambush the bull when it (the bull) gathers strength. Stock to watch for shorting, needless to say…..check the index stock list.

Market Outlook

As mentioned in my April 17, 2012 posting, my target of Dow hitting 10,500 is still unchanged. I’m looking forward to Dow hitting the 11000 mark.

That’s all the bullshit for now. eh…….ok, I mean when bullshit is sighted, the bull should be nearby. So, literally I mean a short rebound soon when the bear takes a breather to gather strength.

Wednesday May 16, 2012

Just back from a long holiday. Have not been monitoring the market for the past 2 to 3 weeks.

Wilmar

Lol, my wilmar got killed at S$4.76 and went right down to hit intraday low of S$3.96 today. This is a downtrend stock but I think it should have a retrace soon to the S$4.5o region.

Chasen

Technically, this stock is still strong but I had sold it at S$0.305 before I left for my holiday. Today it tried to breakout of S$0.325 but failed.

Overall Market Outlook

As mentioned in my last update, the overall market is weak and had since started to slide down with the concern of Greece breaking out of the eurozone as a catalyst for the fall. At least for now, it is sell or short on strength. DJIA immediate support should be about 12500.

The SSEC is also very weak and more likely it will continue to drop. Similarly, the STI is not doing any better.

So overall market is to sell or short on strength. However, if you intend to buy, can take a look at FraserCT but it is safer to buy at support. The other buy stock is Fortune Reit and Starhub.

However, I would prefer to hold on to cash and wait for the indices to bottom out. Otherwise, may consider to short weak stock like wilmar, olam or most index stock on rebound at resistance..

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