Morning Highlights

We Have Closed All Mid-Term Positions…

STI opened flat at 3023.09. Market is directionless at the moment, and we advise to stay on the sideline. 

Watch Out For Economic News Release Today:

  • U.S. Durable Goods Order (Feb)
  • U.S. Initial Jobless Claims (Mar 19)

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>

Bearish Stocks (Singapore)

 

Symbol

Name

Entry

SL

TSL

TP

Remarks
1 OCBC Oversea-Chinese Banking Corp 8.99 9.18 8.80  
2 FRNM Fraser & Neave 5.24 5.63 4.85  

Our Mid Terms Holdings : Bullish Stocks (Singapore)

 

Symbol

Name

Entry

SL

TSL

TP

Remarks
1 KPLD Keppel Land 4.19 3.95 PROFIT- CLOSED at 4.34 (Entered 12.10.10)
2 IFAR Indofood Agri Resources 2.70 2.23   LOSS – CLOSED at 2.26 (Entered 25.10.10)
3 STRL Straits Asia Resources 2.68 2.17   LOSS – CLOSED at 2.51 
(Entered 30.11.10)
4 SCMN Sembcorp Marine 5.19 4.49   PROFIT- CLOSED at 5.68 (Entered 29.12.10)

Stock Prices last updated at 15:35(Singapore Time)

Afternoon Highlights

Index rose higher but session remains seesaw…

  • Long Term Chart – turning
  • Short Term Chart – show recovery from last week selldown, but volume traded is very light, hence, this might be just a throwback

News Updates:

  • Moody’s Investor Service said that expansion plans of S-Reits into China poses a number of business risks, particularly because of legal and regulatory environment.