Thursday, July 30, 2009

Go for Pennies - forget about KS energy thingy

Sold Positions

Parkway 2.1 (bgt 2.07)
RafflesMG 1.16 (bgt 1.16)
CSE global 0.69 (bgt 0.685)
EzionHlgs 0.71 (bgt 0.69)
Swiber 0.9967 (bgt 0.985)
Swissco 0.65 (bgt 0.655)


Existing/New Positions

RafflesEdu
Levels:0.645, 0.675, 0.695



EzionHlgs
Levels: 0.65, 0.685, 0.775



Swissco
Levels: 0.64, 0.675

Preopen trick : This is taken from a GURU

This pre-opening trick is part of the breakout strategy used:

1) Screen out all the strong counters which are near to their 52-weeks high or their May's rally high
- these strong counters are the potentials to breakout if the mkt sentiments and volume is correct...

2) Make sure their daily volume is increasing for the past few days
- Increasing volume means the counter is receiving mkt attention or under accumulation in preparation for the breakout

3) Zoom in to check on their intra-day transactions during the final 30 trading mins for any massive buying up
- Towards the end of each trading day, sell queues are always the most dense after most retail players had been queuing since 9am...
- When massive buying up starts in the final trading mins, tat means the buyer are genuine in buying from the open mkt and ramp it up in the following day...
- During the process of last min of massive buying, this counter will be closing at day high near to its recent high...so it will have a bullish candlestick to attract more traders to join in the next day...so...the chance of a strong follow-through in tmr is quite high.

4) Check the mkt depth on the night before
- The previous day's mkt depth will show how stacking formation of buy and sell queues look like. These formations will give u an idea on how much the buying interest and selling interest are at the various price levels.
- Also take note the accumulated sellers at the higher price levels, coz the volume in next day must absorb all these passive sellers on top before the price can continue to rise up.

5) Check the mkt depth at the pre-opening minutes in next day
- If the buy queue stacking is very aggressive and the counter will gap up a few bids at opening, this set up will confirm its breakout.
- Also check if the buy and sell queue pattern is the same as the previous day...if the pattern is different, tat means there will be a major move on today.

6) Watch out for faked buy queues stacking just before mkt open
- If the supposedly breakout counter has a massive buy queues above its last traded price, u can safely jump queue to snatch at its opening price before 8.59am...
- However, there are chances tat the buy queues can disappear at 8.58:58am to trick slow traders to buy up into the opening price...
- Once u place ur buy order, keep your eyes and finger alert to withdraw ur buy queue if you spot any withdrawal of buy queue stacking at the last few seconds before mkt opens...


So, these are the 6 steps on buying strong breakout counters at opening price...good for intra-day trading...hope these steps can give you some ideas on opening an intra-day position with higher chance of winning...There are also exit signals and strategy to watch out for during intra-day trading...Exit strategies are more complicated which i will try to simplify them first before i start posting them up...


I also just shared my views on mkt depth analysis to lizard tonite...so also share out to you...Here is what I posted to him:

oh...mkt depth is different for different grp of counters...

For blue chip with fund backing, the genuine buyers dun queue to buy, so the sell queues are usually overwhelming while buy queue stacking are sparse....
For mid-cap on the move, the buy/sell queues are usually fade in and out quickly, giving a lot of false signals...
For pennies with high volume, the buy and sell queue stacking are generally belong the same group of traders doing the churning effects to suck in or distribute to the retail players...

Generally, price transactions in blue chips and mid-caps are more impt than mkt depth, coz these are real mkt action...mkt queue are just for show to give false impression of weakness or strength...However, price transactions can be faked for the pennies during their churning trades...

One useful application of mkt depth is to monitor the stacking pattern of a certain counter over a period of time....if the buy/sell queues pattern is different from its usual daily pattern during the first opening hr, tat means a big move will be coming soon...

e.g. For pineapple, the buy queues are usually very little in the morning and massive buying only starts in the final 15mins...When I spotted a massive buy queues stacking in the first opening minutes on 9th July, I just go double long at the opening price...

For UET, the usual buy queues stacking did not appear in the opening hr of last friday, which give me a warning signal to offload it for any early sign weakness on tat day...tats why i start to offload when the sell queues at 0.155 rise to 600+ lots at 10.15am...

In conclusion, dun just look at the live mkt depth...do a comparison with its usual mkt depth pattern...coz every counter got its own controller or banker...when the usual mood of the controller is changed tat day, it will reflect on its mkt depth stacking on the same day and subsequently reflect on the price movement...

New calls

Be cautious. Only LOAD when near support.

KS Energy
Levels: 1.20, 1.28, 1.35, 1.4, 1.51

EzionHlgs
Levels: 0.65, 0.685, 0.775

Swissco:
Levels:0615, 0.64, 0.675

Wednesday, July 29, 2009

Position Update - Am staying light

Sold Position

STEng 2.62 (bgt 2.60)
RafflesEdu 0.62 (bgt 0.625)
Rotary 0.995 (bgt 0.90)


New/Existing Position

RafflesMg
Parkway
CSE Global

Pattern Matching

Rotary

levels: 0.82, 0.86, 0.885, 0.92, 0.96

What to invest in Singapore?

4 things that you can consider to invest in Singapore:

switch {

case 1: People

Yourself: Education, Job Advancement
Rich Wife/Husband

case 2:
Stocks, Equities, Bonds, Commodities and Other financial Instruments


case 3:
Properties


case 4:
Businesses


default : Pray hard

}
All of them need $$ to invest. So save up and find ways to expand your wealth. The aim is get the most $$ in the shortest time.

Make $$ work harder for you, not you work harder for $$

Stock Market == Property Market?

The moment any dip, people just thong in and buy. This is typical Singaporean Attitude and Kiasutism.

RATHER BUY WRONG THAN NEVER BUY

This is exactly what had happened in the property market.

"70% sold in preview day 1"

Sounds familiar?

So to exploilt this weakness, I bought some equities although it is risky now.

Position

Parkway cut 2.00
RafflesMG cut 1.13
RafflesEdu cut 0.62
STEng cut 2.59

Tuesday, July 28, 2009

DO NOT BUY

ONLY PARKWAY and STENG can try

Defensive play

Look for good entry into STENG

Mood levels: 2.51, 2.59, 2.67

$$$$$$$ALL CASH$$$$$$$$

$$$$$$$ALL CASH$$$$$$$$

Sold Position

Parkway 2.04 (bgt 2.02), Thought this one is the riskist, instead run the fastest. bang balls.
ChinaAOil 1.25375 (bgt 1.23625), broke 1.25 support
NOL 1.68 (bgt 1.69), cautious sell
RafflesMG 1.15 (bgt 1.13), cautious sell
StraitsAsia 1.95 (bgt 1.97), false breakout at 1.96

What a day.

Sold Positions

RafflesMg 1.11 (bgt 1.09), 1.14 (bgt 1.13)
IndoAgri 1.43 (bgt 1.40)
Midas 0.84 (bgt 0.850)
Olam 2.58 (bgt 2.52), The long awaited 20 cent move has arrived. Target of 2.60 is met




















Positions


1. RafflesMG

2. ChinaAOil


3. Parkway, risky, cut 1.95

4. NOL, cut 1.67

Monday, July 27, 2009

China Play?

Oops, I realised from the impressive gains and volume in China Stocks like China Fish, China Energy, China XLX, that China play is finally in town.

I look through the charts that can safely say most Sino-stocks has run, so no point chasing. The only chart I like is:

ChinaAoil

Mood Levels: 1.06, 1.15, 1.20, 1.25, 1.32


Be cautious when dealing with China stocks, 5-6 of them already suspended. For me only, Yanlord, ChinaAOil, Cosco and YZJ can play. I have found out that COSCO is not a suitable galfriend at all, so not even watching it.

Get as near support as possible and set cut loss/profit at near them.

Cautious note


STI has risen for the past 9 sessions. Don't expect it to go up everyday. I suspect a correction is coming. 2485 - 2504 gap needs to be filled. Get ready to exit all anytime, especially target 2600 is reaching. Those holding properties counter are the most vulnerable.

Enormous resistance:

Kepland 2.78
Capland 4.15

Sunday, July 26, 2009

Midday update

Sold Positions

Parkway 1.98 (bgt 1.88), call on Friday when it broke 1.86
Noble 1.92 (bgt 1.86), call on Friday when it broke 1.84
RafflesEdu 0.64 (bgt 0.625), call on Friday when 0.62 support holds
Ezra 1.38 (bgt 1.37), wrong call, something wrong
StraitsAsia 1.92 (bgt 1.89)

New Positions

RafflesMG 1.09, cut 1.05
Dividen Play


*IndoAgri 1.40, cut 1.35

*Midas. Support at 0.835. (Upward momemtum intact)




Try to get as near support as possible.


Stock to Watch

Tat Hong. Support at 1.05

Friday, July 24, 2009

Strong stocks

Noble broke out 182-184 with impressive volume.

Straits Asia is waiting to explode once 190-191 cleared.

Parkway breaks 1.86.

Operated Stocks

RafflesEdu looking to clear 0.630-0.645.

Mr Chew has sold 16 million share the past few days, which explain the crippled nature of the stock the past few days. He is good trader besides being a shrewd businessman.

But Guess who is the buyer?UBS.

Sold Position

Gent 0.825 (bgt 0.805)
Midas 0.82 (bgt 0.82)

Shipping & Commos Theme

Get Commos:

StraitsAsia, NobleGrp


Get Shipping:

Exra, Swiber

Thursday, July 23, 2009

STI on steriods

Now the trend is after you sell, it goes higher. Are we really out of recession? TA experts are either sidelines, light on quities or started shorting. But no sight of tired bulls, I have learnt not to anticipate the market but trade on what you SEE. There could be massive shorting covering on properties counters, thus bringing them even higher. At the moment, I don't dare to load properties counters. Up 8 days( include today) in a row. (Allgreen is really bang walls. went to 1.20). If you want a quick punt, purely intraday, Take Wingtai, Ho Bee.

I have loaded some,

Gent
Midas
StraitsAsia
Tat Hong

If you are still loading:

Raffles at 0.62-0625 cut 0.62
Yanlord 2.44-2.47 cut 2.44

Far East Organisation

The Organization comprises privately-held development and investment companies, as well as two public-listed companies, Orchard Parade Holdings Limited and Yeo Hiap Seng Limited.

Wednesday, July 22, 2009

No calls, but watch these stocks

US Oil inventory released Yesterday indicates weak crude oil demand. Oil and Commos are going to have some selling presssure.

Watch these if you want to be PHD in them. Selecting a stock is like finding girlfriends, you must know industries it is in, got profit bo and the Support/Resistance LEVELS.:

a) Tat Hong (1.01)
With IR completing and government releasing more sites for properties, its cranes should be more busy than ever. This one looks the best bet now.

Increasing volume
Levels: 0.95, 1, 1.02, 1.05 (Memorise by hard)

b)
Yanlord (2.38)

Yanlord just launch a marina project in China and properties in China is red-hot.

Levels: 2.22, 2.3, 2.44, 2.50 (Memorise by hard)

c)
Parkway (1.78)

With H1N1 becoming a household pandemic, this one could move to 2 dollar soon. It used to be a 4-5 dollars stock.

For information, it owns Gleneagles, Mount Elizabeth, and East Shore Hospitals.
Levels:1.62, 1.72, 1.75, 1.86 (Memorise by hard)

d) RafflesEdu (0.62)

Education is a stay whether in recession or good times. The only worrying thing is the high gearing.(borrow alot of $$, with cash in hand belittle)

Levels: 0.58, 0.6, 0.62, 0.645

Sell all

Warning sign. It is better to sell and talk later. STI is in overbought region.

Trades:

Yanlord 2.42 (bgt 2.34)

Allgreen 1.10 (bgt 1.08) - can't clear resistance at 1.12
Support at 1.12, 1.06

Olam 2.325 (bgt 2.3867) - abandon buy call, a down stock on a green sti is a no no.
Support at 2.28

Tat Hong 1.02 (bgt 0.99725) - looks strong.
Support at 1.02, 1.00

Ho Bee 0.935 (bgt 0.9525) - Can't clear resistance at 0.96.

Tuesday, July 21, 2009

Avoid Commos & Oil

Me out of OLAM first then say.

A 20 cents Tale

Waiting for the 20 cents move for OLAM

Selective Stocks

To play safe,

I am only tabaoing YANLORD, OLAM, ALLGREEN and TAT HONG.
ALLGREEN is for auspicious GREEN.
YANLORD & OLAM rocks.


Sold SembMar 2.79 (bgt 2.71)
Sold YZJ 0.805 (bgt 0.805)
Sold NobleGrp 1.80 (bgt 1.81)

Monday, July 20, 2009

Stay thin

STI & HSI correcting.

Cautious Buy Calls

Tat hong
SAR level at 1.00
Resistance 1.02
Singapore Crane





YZJ
Lying on support/resistance of 0.805.
Chinese Shipyard




Noble Grp

Wait for it to break 1.81



STI
STI is overbought, best is buy on dip.

Position Update

Took profit
Wingtai at 1.60 (bgt 1.45)
Olam 2.37 (bgt 2.30)

16/7 Calls
Parkway is now 1.78, buy call at 1.68
SGX is now 7.68, buy call at 7.32

Position
Sembmar at 2.71
Yanlord at 2.34

Friday, July 17, 2009

Idiot Wave Analysis

We are in a brand new Elliot Wave, Friday sti's rise brings us to 5 of (1), Many Elliot experts are predicting a A-B-C selldown next to (2). For Reading only, nothing is certain.

Market can't goes up in 1 straight line. The best strategy is buy and hold to (5) which could be in Oct-Nov 2009. Please unload everything if 2600 is achieved to play safe.

STI breaks 2425, next target 2600


Most property stocks had broken out of the shampoo formation, thus I am looking at a target of 2600 in coming 2-3 months. Remember we are out of recession. Banks and property counters are going to lead recovery.

Add all these in your watchlist:

Properties

  • *Allgreen
  • *Wingtai (My favourite bulldozer)
  • Capitaland
  • Kepland
  • *Ho Bee
  • City Development
  • Orchard Parade

Thursday, July 16, 2009