Here u goes

Doing a post mid of the week when I have sometime to refresh myself physically

10days of gains, chase the price? :)

high lists

- Wilmar

- Ascottreits

- cambridge

- CDL Htrust

- falconenergy

- hl finance

Breakout list

- First Resources

- NOL

- ascendasreit

-CWT

-hongguo

- lian beng

- manhanttan resources

Penny

- C&G

- yongnam

argh... so many dun do liao...

Musings

Ah.. been a terrible week for shortists and here i am, with a personal reviews

1. Obey my cp, ep, tp, and not affected by how people should look at your end trades.
2. Obey ur pre-plan route
3. Do not be influenced by what surrounding says

4. Do not be late for opening

5. Do not anticipate the trend

6. Listen to the market

Out of those above, main mistake was definitely 6, market was telling me on Mon, Tues with surprisingly good internals (strong advancers vs few) but i refuse to listen.

No doubt this can be a complex topping action

Here goes the market

Whether this rally have legs will much depends on next week,

Any first downside - 2,390, next few level will be 2,350 and finally 2,318 (the wonderful candle that negate 2 gaps at 1 time)

Upside potential will be 2,620 but the real test come in at 2,720 and that's will be a true test of faith

Sector

China:

China energy - waiting for breakout

Chinaaoil - waiting for 1.16

Cosco - above 1.2+

Yangzijiang - above 0.80

Midas - above 0.82

Commodities & Marine

Firstresour - 0.70

KS energy - a retest of 1.08 will have me long

Noble,straits - slight chance

kepcorp - look nice

Prop

HPL: 1.66+

Mis

Parkway - 1.70+

UOL - gd support at 3.20

Let the rain fall

We are setting up for some nice shorts if not because of the strength of the index by the banks & singtel.

S&P is oversold and due for a bounce. A positive open will have me let the rain falls on all sectors.

Market Reviews

Cover some shorts for miniature gains

Many counters setting up in apex triangle or sideways pattern. It will be interesting how it will unfold.

Pennies got strength, blues are ranging. Will we have strength.

Will be on reservist till next wed, guess I will be sidelines, observing, let them break.

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.