NoticeBoard

Here's daily updates on SGX Warriors...

**********************

It hasn’t been a smooth sailing period for us. Indeed, we suffered from the uncertainties and have yet to fully recover from the drawdown.

Life is not a bed of roses. Everyone has barriers and obstacles, and indeed, the journey of investment is full of hurdles. Nonetheless, we take setbacks in our stride…

“Real optimism is aware of problems but recognizes solutions,; knows about difficulties but believes they can be overcome; see the negatives, but accentuates the positives; is exposed to the worst but expects the best; has reason to complain, but chooses to smile.” - Quoted from William Arthur Ward

16th July 2009

By sgxwarriors

Today, the market started with the correction. We have closed all overnight positions with profit.

We have only one setup for Rotary today (Refer to Quick Pick 5). We are waiting for the correction to be completed before re-entering for more opportunities.

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. [The Quick Picks referred herein contain overnight positions from yesterday]

Bullish Stocks (Singapore)

	Symbol	Name	Entry	SL	TSL	TP	Remarks
1	WLIL	Wilmar International Ltd	5.25	5.21	5.29	5.29	Profit - CLOSED at 5.44
2	SIAT	Singapore Airport Terminal Services Ltd	2.23	2.13		2.33	Profit - CLOSED at 2.24
3	VENM	Venture Corp Ltd	7.63	7.44	7.53	7.82	Profit - CLOSED at 8.16
4	STEL	Singapore Telecommunications Ltd	3.22	3.12		3.32	Profit - CLOSED at 3.28
5	ROTE	Rotary Engineering Ltd	0.785	0.74		0.83

In Summary,

The Market tested 2424.52 but failed to hold. STI close off high with +11.6 points.

We expect to see the index drifting around this point in the coming days. During the wait, we advise to either continue trading with small risk or stay on the sidelines till a resume of the uptrend i.e. confirm breakout at 2424.52.

Meanwhile, some of the stocks that caught our attention are as following:

1) Venture:

the stock was up strongly for the past 2 days. Today is a pause with low volume traded. It basically touches the high made on 30^th September 2008 of 8.30 and came down.

2) City Development:

the volume traded for this stock has picked up despite the moving average are not in orderly manner of pointing upwards. Nonetheless, the charts show good interest.

3) Hong Kong Land:

This stock had been trading sideways since 25^th May 2009 till now. Recent days show activity is building up. The trading range bound is between 3.15 - 3.74. To look for breakout point at 3.74

Attached below are the STI Daily & Volume Charts for your reference.

Have a pleasant evening!