1st July 2009

Morning Highlights

Market went soft today in the morning session due to overnight Dow Jones’s drop in response to a surprise decrease in consumer spending.

Our Focus for Today is on Palm Oil & Commodity Sector

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):

Afternoon Highlights

Parkway breached the high of 1.72 created on 3^rd June 2009.

We are watching closely on Yanlord. We are waiting for a possible setup trigger at 2.47 to go long; or a price trigger at 2.15 to go short.

STI went to a low of 2319.36 but close in green towards the end of the day. This shows a good sign that the market might continue to go up further.

Based on the European market, we have CAC (France), DAX (Germany), and FTSE (London) with at least +1% gain on their index. On the basis of the positive sentiment on the mentioned 3 European market, there stands a high chance for DJLA to finish its day positive. However, we remain uncertain by how much.

Towards the end of today’s trading session, we hold 2 long positions.

1)      SGX – Buy at 7.21

2)      City Development – Buy at 8.67

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.

Bullish Stocks (Singapore):

Note: if you happen to miss SGX for today, you can still find opportunities to enter. Just wait for it to break 7.29 as this price point will serves as a good support line after being tested. 

STI 15Min TimeFrame 01/07/2009