Market Update: 17 July 2016

Hi everyone. I'm back. We are now into the second half of 2016. Since after BRexit, market seem to absorb the impact and back to square 1. As we can see that from US index and FTSE charts which broke the all time high of 2016. However, in our local market, STI still seem to be lagging behind. As I always mentioned, 3000 is the key point for STI to determine over or under value. STI need to break above the "BIG" standard point "3000" before heading to 3100. This week update, I will show 2 SGX counters and STI index chart. Without further ado, lets go into charting.

STI - Heading towards 3000 since most of the western index & HSI have already broke their 2016 all time high. From the chart, we can see inverse H&S forming in weekly chart and 3100 will be a resistance for STI show in the weekly 100MA.

YZJ - Seem to be a lagged counter which have yet to be move. YZJ will be highly recommend base on charting. Both setup and entry points found in the chart. SL once it break below 0.84. (I hold no position yet but soon will).

Singpost - Downtrend chart since beginning of 2015. The descending triangle, lower high and the chart which can't thrust through the previous support indicate the downtrend persist. Beside that, the news of resignation from the CEO, CFO and COO in a year show a weak corporate governance. Furthermore, most of the investors invest singpost due to their fix and stable dividend, however singpost may plunge once if singpost cut their dividend payout. People who wish to short Singpost, remember to set your SL @ 1.69/1.7 once the lower high become invalid.
Those who prefer to long and keep in their portfolio (Like me), I will advise to monitor around 1.43 and long around 1.3. Who knows Singpost might be another counter like SMRT where by governments to take over.

Overall: Buy when everyone is bearish and sell when everyone is bullish. I believe this sentence is well known. As now, market is at all time high, be caution whenever you long. The steam might lose it power for another push. Long term investors gotta monitor their portfolio more frequently and equities is not the only product to add into your portfolio. I still believe the strength in USD and the bull might resume once Fed decide to go for rate hike in Sep 2016.


You are remind to trade base on your own risk. Plan and Trade well :)

Market Update: 10 Jan 2016

Happy Belated New Year to Everyone of you. Apologize for the late blessing. Perhaps my in-due blessing caused the market to drop for the first week of 2016? (Just for Laugh)

Less than 1 month ago, I believe bearish market will hit both DJI, S&P and WTI which I shared in my previous post. The chart clearly show that there is a pull back after my post on 20 dec 2015 to test the support turn resistance diagonal line. I did shorted some at the point in NAS100 but I took my profit too early. Didn't expect the falling was so sharp and failed to find the re-entry point.
So, what can we expect in the coming second week of 2016? Lets go into the charting

Weekly DJI. Support in the yellow line

Monthly WTI. The outlook remain as the post on 20 Dec 2015

Will be sharing both DJI & WTI chart this week. My outlook for WTI remain intact since my last post. I believe it will reach $30 soon and perhaps break the $30 with any strong negative news.
I'm looking for DJI to hit whole figure number 16k before reaching the august 2015 low.

Overall: Why does US market react so badly even thou the Non-Farm payroll on last Friday came out to have a strong figure? Simple reason = Market is irrational. At the current stage, good news = bad news.
When strong figure reported last Friday, people worries that yellen aunty will continue to rate hike in the coming month. This figure supported the multiple rate hike "rumor" in year 2016 since the first rate hike on Dec 2015. A bearish market won't be that bad after all. People who wish to start investing can finally get a cheaper deal in the market. Invest carefully.


You are remind to trade base on your own risk. Plan and Trade well :)