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Monday, October 31, 2016

The Week Ahead

Monday
US report on consumer spending,  core PCE  and  Personal income

Tuesday
The US FOMC  holds a two-day meeting starting Tuesday. No move is expected days before the U.S. election, but the Fed could hint strongly that a December move is in the offing. Investors are currently betting on December hike.

Wednesday
Facebook Inc reports third-quarter results on Wednesday

Friday
Nonfarm payrolls expects to have added 175,000 in October after posting a gain of 156,000 in September. Also, the unemployment rate likely held steady at 4.9 percent in October

All posts and charts are for educational and illustration purposes only

Genting SP

Getting ready for the down swing, Result due on 3 Nov could be affected by dismal tourist arrival during the Aug - Sep Zika scare. Technically sign of weakness is emerging and an imminent breakdown will bring it to 0.73 and 0.705 respectively.


For Illustration Purpose Only
All posts and charts are for educational and illustration purposes only
Wednesday, October 26, 2016

United Engineers

Contrarian price action! On a day when broad market and STI is down this stock is up on strong volume. Could this be a signal that they have finally found a buyer to buy a stake in the company.
 
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Tuesday, October 25, 2016

Wilmar

CPO prices holding up,  sugar prices continued their rally and improved soy crush margins. All these are reasons to expect a better performance from Wilmar after an unexpected loss in 2Q16 due to soy-price volatility.

All posts and charts are for educational and illustration purposes only

Wilmar



All posts and charts are for educational and illustration purposes only
Thursday, October 20, 2016

LIVE Trading On 17 Oct At SGX

More than 150 people came on the Monday morning 17 Oct to watch `A Live Trading’ demo session at SGX Centre where I traded the Hang Seng Futures Index  and STI.   I found out that all the participant except one has never watch a Live Trading session like this one. Many took leave to come as they were curious to find out how a professional trader conducts Intraday or Day trading on  Hang Seng Index. At  0900 , I started by showing the crowd the overnight chart of Hang Seng and ask them whether they would be bullish or bearish on HSI index by just looking  at the HSI chart. The response was muted and mixed, the crowd was not certain  which direction HSI will trade when it opens for trading at 0915.

I told them I too do not know where HSI will be heading if I don’t have a plan. I show them my HSI  Trade Plan or I would sometimes call my `Battle Plan’. I told the crowd that from analysis of my tradeplan I believe the HSI will be weak and will trade down today.

On trade plan were only  trendlines and support resistance lines derived from volume analysis. I explained that that’s how my  tradeplan will look like because my core strategy is using Price and Volume analysis.

Right from the opening bell at 0915 to 1130  there  was plenty of action of action. I switched my  HSI chart from the daily and 30 Min timeframe to the 1 min timeframe to execute my trades.

It was a great day for me because the Hang Seng Index moved exactly according to my tradeplan, prices were resisted  at every planned resistance lines and supported at every planned support lines.

I was glad the participants were convinced at the end of the session that trading is never by chance or a form of gambling, it involves a skill set that could be acquired through training and trading.

Overall it was an memorable experience for me and the participants.




All posts and charts are for educational and illustration purposes only
Wednesday, October 19, 2016

Best World

On 8 Sep this blog correctly predicted Best World has peaked and could be heading for 1.29. After the call was made Best World started its descend to a low of 1.275 today and rebound to close at 1.415.

All posts and charts are for educational and illustration purposes only
Tuesday, October 18, 2016

UPP

On 5th October, UPP acquired of 58.3% of Canadian-listed Taiga Building Products for C$18.9mn. Taiga Building Products is the largest independent wholesale distributor of building products in Canada. Taiga maintains substantial inventories of building products at fifteen strategically located distribution centres throughout Canada and two distribution centres in California. It also  operates three wood preservation plants that produce pressure-treated wood products. UPP also announce the issue of 1 warrant for every 1 existing ordinary share with an exercise price of SGD0.37.

With Taiga onboard, UPP is changing its business model, investors are clearly optimistic about the latest acquisition pushing the share price up 35% after the announcement. The price action is showing bullish momentum not seen since 2012. With Mr Ting Kooi Tong anf Peter Lim as its main stakeholder this blog believe we are at the early stage of a bull run and there is more excitement ahead.

All posts and charts are for educational and illustration purposes only

UPP


All posts and charts are for educational and illustration purposes only
Monday, October 17, 2016

Hang Seng Index

The next fall could be steep! Broke below crucial support at 23250 and below 25 days MA is a prelude to a steep fall ahead. Could be heading for next support at 22800 but eventual target is 22100.



All posts and charts are for educational and illustration purposes only
Friday, October 14, 2016

Chinese RMB

Chinese RMB broke above its July high at 6.70 and is firmly on the way to its next target 6.80 to 6.90. A break above this level trigger waves of selling in Emerging and Asia markets particularly Hang Seng. 
All posts and charts are for educational and illustration purposes only
Thursday, October 13, 2016

Nasdaq


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Wednesday, October 12, 2016

Thai Beverage

A big wave of selling unleashed by fund house today. Selling pressure should continue to bring it to next support at 0.855 with eventual downside at 0.74.
All posts and charts are for educational and illustration purposes only

ThaiBev


All posts and charts are for educational and illustration purposes only

Singpost

The long ongoing discussion with Alibaba for further collaboration has stalled thrice as both parties were not able to fufill certain condition laid down in the initial investment agreement. The deadline is the end of Oct. Could the appointment of the new CEO Sam Ang lead to a positive outcome this time round? This blog is watching The Postman price action closely and must say that there has been very good support at 1.525 and 1.53 inspite of the weak STI. Singpost next resistance is 1.58 , however if there is an positive outcome it could go as high as 1.70 from a chart point.
All posts and charts are for educational and illustration purposes only

Singpost


All posts and charts are for educational and illustration purposes only
Monday, October 10, 2016

Geo Energy


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Coal Prices

Coal prices has gone up 400% since Jan 16 causing Coal stocks like Geo Energy to rally. One big reason for the rally is China supply side reform which the chinese government mandated the reduction of  working days for miners . The reform has resulted in the decline in production faster than the decline in demand. Coal and coal stock is expected to continue trending up till the end of the year. This blog stay bullish on Geo Energy until its quarterly result which will be due next month.
All posts and charts are for educational and illustration purposes only

Coal Prices


All posts and charts are for educational and illustration purposes only
Friday, October 7, 2016

The Week Ahead - Market Moving Event

The 2nd US Presidential debate next Monday promised to be another market moving event widely watched by traders.  Clinton won the 1st debate according to market polls, the market has priced in a Clinton victory. However if Trump managed to turn the table on Clinton next Monday it could send shivers through the markets. Watch the debate Live from 0900 to 1030 on 10 Oct local time. US markets may be jittery tonight ahead of the debate.
All posts and charts are for educational and illustration purposes only
Wednesday, October 5, 2016

Gold

Fell 2.2 %, breaking  the significant 1300 support but holding above the 200 days MA. The biggest decline since february was triggered by Fed rate hike fear and strong dollar. Currently sitting at its 200 day MA support at 1270. This blog will turn bullish at its next significant support 1220. Gold is expected to stay weak for next  2-3 weeks until we get nearer to the US election in November or when polls shows Trump  to be winning again.
All posts and charts are for educational and illustration purposes only

Gold


All posts and charts are for educational and illustration purposes only
Tuesday, October 4, 2016

Commodity Equities Index


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U.S. factories ramped up activity in September, the Institute for Supply Management (ISM)  national factory activity rose to 51.5 from 49.4 the prior month, beating analyst expectations in a Reuters poll,  and China's manufacturing sector expanded again in September, the  Purchasing Managers' Index (PMI) stood at 50.4 in September. A reading above 50.0 shows growth on a monthly basis. The commodity index has also rebounded 30% from Jan 16 low. OPEC cutting oil output. All these is fueling speculation that the Global Economy could finally be recovering.

Traders are piling into commodity and energy related stocks. On the local stock market, stocks like Nobles, Geo Energy, Alliance Mineral , ISR Capital etc are leading the way. This bullish trend is likely to continue all the way to the US Election in November.

All posts and charts are for educational and illustration purposes only