DBS & SGX

1) DBS (12.94)

Levels: 12.88, 12.60

Gap Fill

Keep Cash - at least sti 2480 to fill gap

Recap STI performance for the past 4 weeks :
--- hit the ceiling at 2700 3 times
--- when Dow rise, STI refuse to go above 2700
--- when HSI surge, STI still does not past 2700

Downward A has just started.
We should see Upwave B before Downward wave C. (2480 target at least)

Stay our of pennies.

Pennies run is officially over. Some have soar 200-300%. Now is dropping time. stay out

SGX - Buy

SGX is undervalue, oversold. Expect some run-up leading to CD (0.155 per lot) on 15/10.

8.42, cut 8.22

Why you should stick with pennies?

At the moment, only < $1 stocks is moving because they are cheap and easily dispose off . Remember my last post that sti is stuck at 2630 - 2700. Only load Blues at 2630. Other than that load pennies like:

CSE Global (0.835, which is bullish)

The past week has seen EzionHlgs, Falcon, Tiong Woon moving towards $1. The trend look out for for 70-80 cents one.

Oily Chart. Watch these if you holding Oily stocks