13th July 2009
Morning Highlights The market is coming down gradually. The STI fall close to 27.33 points in the first 2 hours of trading. For those who missed the entry for COSCO which was given on 7th July for mid-term holding, refer to the today’s Quick Pick for another setup to get ready! Our Focus for Today is on Shipping Sector; follow by Commodity, then Property. Shipping Refer to Quick Picks 1 - 7 Commodity Refer to Quick Picks 8 - 9 Property Refer to Quick Picks 10 - 14 Quick Picks: Here is a quick pick screen that we have designed to pick out potential stocks, both Bullish and Bearish. These are measured with emphasis on larger changes in price and volume. Bearish Stocks (Singapore): Symbol Name Entry SL TSL TP Remarks 1 SCMN Sembcorp Marine Ltd 2.49 2.61 2.37 Triggered – current price at 2.50 2 COSCO COSCO Corp Singapore Ltd 1.12 1.20 1.04 Look out for support at 1.06 Triggered – current price at 1.10 3 NEPS Neptune Orient Lines Ltd 1.39 1.48 1.30 Triggered – current price at 1.38 4 YAZG Yangzijiang Shipbuilding Holdings Ltd 5 SWBR Swiber Holdings Ltd 6 MERMAID Mermaid Maritime Public Co Ltd 7 KPLM Keppel Corp Ltd 6.53 6.58 6.48 8 IFAR Indofood Agri Resources Ltd 1.00 1.14 0.86 Take half profit at 0.96 for conservation traders 9 STRL Straits Asia Resources Ltd 10 CTDM City Development Ltd 11 CATL Capitaland Ltd 12 UTOS United Overseas Land Ltd 13 AGRN Allgreen Properties Ltd 14 HBEE HO Bee Investments Ltd Side Notes: Here the updates on Mid-Term Short Trading given on 7th July 2009. <Holding Period should not go beyond 1-2 months> Bearish Stocks (Singapore): Symbol Name Entry SL TSL TP Remarks 1 HIPI Hi-P International Ltd 0.56 0.63 0.49 Loss – current price at 0.565 2 BIOS Biosensors International Group Ltd 0.455 0.51 0.49 Loss - current price at 0.460 3 EZRA Ezra Holdings Ltd 1.13 1.23 1.19 1.03 Loss – current price at 1.18 4 IFAR Indofood Agri Resources Ltd 1.14 1.32 0.96 Profit – current price at 1.03 5 SWBR Swiber Holdings Ltd 0.825 0.89 0.855 0.76 Profit – current price at 0.725 6 COSC Cosco Corp Singapore Ltd 1.23 1.33 1.27 1.13 Profit – current price at 1.10 7 KLAN Keppel Land Ltd 6.53 6.58 6.48 Stock Prices last updated at 17:30 (Singapore Time) Afternoon Highlights Major U.S banks reporting this week U.S banks will kick off their earnings reporting this week, and movements on Wall Street will likely centre around these announcements to see if the financial sector is on route to recovering from the global financial crisis. The major reporting schedule will be as follows: 14th July = Goldman Sachs 15th July = JP Morgan Chase 16th July = Citigroup & Bank of America On the home front, Singapore will release its June Non-oil Domestic Exports (NODX) on Friday 17th July 09. Please beware! Market is doing a throwback. For those who missed the entry for INDOFOOD which was given on 7th July for mid-term holding, refer to the Today’s Quick Pick for a new setup! NEW: Keppel Land is added to our list of Mid Term Short Trading! In Summary, SGX test support at 6.87 today. The Market plummeted from 09:45 to 10:15, with a drop of 31 points within 45mins in the morning session. Market started to trade lower in afternoon session – went to a low of 2258.72. On the overall, we have fallen 38.14 points with a volume of 1.05 billion. The market is still directionless but more downward biased. We are waiting for the market to break 2211.81 for a more definite downturn. If there is a breakout at 2361.92, it would be a short term upward trend. Unless a breakout at 2424.52, then we be expecting a medium term uptrend. Asian share markets were widening losses on Monday as investors braced for a slew of big U.S. earnings reports in the coming week. Whereas - CAC, FTSE and DAX are struggling with gains CIT Group Inc., which specializes in lending to small and medium-sized U.S. businesses, has retained counsel to prepare for a possible reorganization in bankruptcy court Data on wholesale and consumer prices will be released on Tuesday and Wednesday..jpg)
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