Shorts

Stops:
Chinaaoil - 1.19
F&N - 3.94
Ho bee - 0.87
Indo - 1.32
Yangzijiang - 0.815
Wingtai - 1.48

commodities still strong, i m surprised

Target for Correction

From Gann

Dates and level of retracement from historical projections

Beginning Jul - 740

Beginning Jul - 778

Mid Jul - 800

Mid Jul - 833

End August - 700

Mid Sep - 700

Market Reviews & Rattling

With a 4 days down, STI is bullish on a short-term, but I am not betting on long side unless for some scalp trades.

We need to see whether we feel 2,315 gap by tmr or mon or else selling will continue

Banks/properties on rebound due to beaten down.

Thinking how to rally clients to trade as a whole, tho they still have their own feel about stocks. feel.... hmmm

Shorts

First line of defence: STI rising 20EMA - 2270

2nd line which I think this is where the correction will end, 50EMA

Shorts covering:

ChinaAoil - i am surprised at how limited downside, should have shorted the hell out of it

1.06 to threaten the lower low, :)

Rotary - will be interesting to see how it reacts with 0.58 (breakout pt), i prefer coveirng at 0.51

Allgreen - 0.81 (that will take sometime)

Ho Bee - Didnt know i short so gd price, 0.75 rising 20MA

Wingtai - Shouldnt have too much downside, see how it reacts with 1.20

UOL - bring my amno to bring down this guy, no 3.00 no cover

Genting - 0.64

UOB - 14.0 i doubt it can stand

OCBC - 7.00 i doubt it can stand too

Banks holding well in US now, last to selloff ?

Potential shorts

Charts, charts, charts

Alright, finally nua enough to put in some reviews:

Yes, i am bearish, but some charts look bullish,... hmm

Bullish

Midas - too textbook perfect ascending triangle, I will not take it unless fail breakout

China milk

Bearish

Yangzijiang - stop at high,

Rotary - look like island reversal

Properties

Commodities and marine are the tricky ones, have to wait for confirmations

Market Review

Just to put a note to some my dear readers.

Indicators/some guts feeling are market will be going through weeks of selldown/sideways to workoff its negative divergence 

Though there maybe some individual rallies but the majority part of it is too risky to put to it.