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

2nd July 2009

By sgxwarriors

Morning Highlights

The STI formed a red long bar after 10:30 in the 15Min TimeFrame. This could be a kneejerk reaction. Aggressive Traders may consider waiting for the reaction to ease before adopting exit strategy. Otherwise, just trail your profits according and you should be doing just fine.

With regards to our overnight positions, here’s the update:

SGX open at 7.24 this morning, went lower to 7.22 and subsequently recovered to a trading range of 7.25 – 7.26.

As Market starts going down at 10:30, we exit our position at 7.26.

For Aggressive Traders, you may continue to hold your position and test the limits. However, should the price falls to 7.24, exit immediately to retain partial profits.

City Development open at 8.67 this morning, went higher to 8.72 and it seems to have come to a standstill at the present moment. We are still in position. Do note that if the price drops drastically to 8.62, exit immediately. Otherwise, you can continue to ride the trend at a Take Profit Level of 8.81

Our Focus for Today is on Mid Cap Stocks

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. (STOCKS in BOLD are in higher priority)

Bullish Stocks (Singapore):

	Symbol	Name	Entry	SL	TSL	TP	Remarks
1	SGXL	Singapore Exchange Ltd					Waiting for it to test 7.29
2	CTDM	City Development Ltd	8.67	8.51	8.62	8.81	Overnight Position
3	KPLM	Keppel Corp Ltd	7.08	7.03		7.13	Setup at 7.07
4	YNLG	Yanlord Land Group Ltd	2.50	2.46		2.66	Test high of 2.47. Waiting for setup to form.
5	PARM	Parkway Holdings Ltd	1.76	1.71		1.81	Setup at 1.75
6	HLAA	Hong Leong Asia Ltd	1.60	1.52		1.68	Broke high of 1.52, setup at 1.59. High Volume Transacted. Note: This stock has a characteristic to pullback quite severely, adopt hit-and-run strategy if possible.
7	OLAM						Still observing

STI 15Min Timeframe Till 11:10 on 02/07/2009

Update as at 12:08 - Acendas ERIT broke 1.68 implies possible action on REIT SECTOR.

Afternoon Highlights

Mid Caps are strong despite the sudden down in STI. 2320.60 is tested twice and bounced off.

Yanlord position has been triggered. Despite the falling STI in the early hours of the afternoon session, Yanlord continue to stand strong and went to a high of 2.54. We are holding our position overnight.

In Summary,

Market is very unstable. For Non-active Traders, it is advisable to stay out of the play for the time being till further notice.

Refer to the Latest Snapshot for Today’s Market Close:

STI Daily TimeFrame till 17:00 on 02/07/2009