NoticeBoard

Here's daily updates on SGX Warriors...

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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

20th July 2009

By sgxwarriors

Morning Highlights

We expect consolidation before the uptrend resume. Now is just the start. Most stocks had been running upwards for at least 3-4 days. High chance that the stocks will not run further up. However, there are still opportunities for quick profit taking. To refer to Quick Picks Section.

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)

	Symbol	Name	Entry	SL	TSL	TP	Remarks
1		ST. Engineering	2.61	2.52		2.70
2	SGXL	Singapore Exchange Ltd	7.46	7.39		7.53	Profit - CLOSED at TP

Stock Prices last updated at 11:50 (Singapore Time)

Afternoon Highlights

As mentioned, market should be due for a pullback since most stocks had been running for days.

In the banking sector, with reference to the 3 main banks that we have been keeping close tabs on, DBS is the strongest, follow by UOB and 3^rd in place is OCBC.

Last but not least, SGX is up for 5 consecutive days.There is a strong resistance at 7.87 - waiting for a pullback. [To see chart below]