Morning Highlights

The Straits Times Index Opened In Green today. During the first 30mins of morning trading, STI is up by 39.59points, or 1.50%, to 2677.99

Market Outlook is looking good. We have resumed our trades to normal risk for today. We place strong emphasis on Chemoil Energy and Beng Kuan Marine. Both stocks are near to breakout and traded in high volume.

Though we did not trade this counter personally, for those who have took on the advise for CapitaMall, this stock certainly makes your day with a good trading range for today... It has achieved our initial targeted profit taking level.

Marco Polo is on the climb too. It is now trading at 50 cents, almost reaching our Profit Taking Level.

Next, we have cancelled the pending order for Ascott REIT. Ascott breakout with very little volume today. Though it push up slightly but unable to sustain and drop back near to breakout point. We will look for new step-ups after further observations.

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 STTS Stats ChipPAC 0.97 0.915 1.03
2 BENK Beng Kuan Marine 0.365 0.31 0.42
3 CACT CapitaCommercial Trust 1.04 0.965 1.12 Not Entered!
4 HKLD Hong Kong Land 4.27 4.05 4.49
5 PPFH Peoples Food Holdings Ltd 0.83 0.745 0.915
6 AEMN Ascott REIT 0.985 0.92 1.05 CANCELLED
7 CHEL Chemoil Energy Ltd 0.58 0.5 0.515 0.66 Triggered – Current Price at 0.565
8 HBEE Ho Bee Investment 1.6 1.34 1.86
9 OCGL Oceanus Group Ltd 0.395 0.355 0.435
10 KPLM Keppel Corp Ltd 8.28 7.98 8.12 8.58

Triggered, Current Price at 8.28
11 FCL Frasers Centrepoint 1.23 1.14 1.32  
12 MCPP Marco Polo 0.465 0.425 0.505 Overnight –Current Price at 0.50
13 HSEN Hiap Seng Engineering 0.7 0.64 0.76
14 CMLT CapitaMall Trust 1.77 1.69 1.85 Profit –
Closed at TP
15 GUCL GuocoLeisure Ltd broke high at 0.545, wait for setups
16 DMXT DMX Technologies Group Ltd 0.525 0.45 0.60  

Stock Prices last updated at 18.35 (Singapore Time)

Afternoon Highlights

Hiap Seng is running…

Venture – upward trend is lost, stock is likely to going through consolidation. To wait for breakthrough at 9.50

Pending Trade for Keppel Corp has triggered. Trailing Stop Loss is at 8.12 for short term traders whereas mid term investors should be looking at TSL at 7.90 instead.

Note: we have not entered the trade for CapitaCommercial due to low volume of 1.031 million, of 25 times traded at 1.04; in comparison to high volume of 11437 million, of 293 times traded at 1.03. We hope to see an expansion in the price range for tomorrow’s trading.

In Summary

STI close well at 2,674.42, up 36.02 or 1.37% from yesterday’s close.

 Winquote - pdfMachine from Broadgun Software, http://pdfmachine.com, a great PDF writer utility! Support is seen at 2664.41 on STI 15 Minutes Chart. High Chance that the index will clear 2700 in the coming days.

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Quote of the Day

“Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.” – Warren Buffett