SGX Warriors WatchBlogs:
How and What to Trade Singapore Shares with Exact Entries Setup...

NoticeBoard

Here's daily updates on SGX Warriors...
**********************

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


After last week sell down, market is attempting a rebound. During this phrase, market tend to be very choppy. We can see strong resistance level around 3016 - 3066. Currently, there is no sign that shows selling is done. We might expect more selling to come. Market reclaim back 3000 mark but more evidences is needed to affirm whether this point is either a resistance or support. Sentiment --> Neutral (biased towards bearish) Thumb rule : Set your stop loss firm.

 

STI managed to reclaim 3000 points. Asian market rally after strong finish from overnight Dow. We believe that market will be choppy from here on, so swing trading might not be ideal. However, for individuals that are interested to buy and hold for a few months, there are a few stocks that we feel that it might worth the shot. STX OSV --> Stock gapped down because of the high payout in dividend. Stock now trading around $1.60. There are chances that stock can break through $1.675 and further. Singtel --> High weightage as an STI component. Stock is not performing with relative to the rally. However, if stock is able to break through $3.40, we can see a potential run. Since this is a defensive stock, individual can consider to include this in their portfolio, collecting dividend. Sentiment --> Neutral, inclined to bullish.

 

Market finished off with small losses. Overall, market is bullish. Most blue chips are consolidating while second tier stocks are moving up. For medium term investors, it could be a good opportunity to enter positions but for short term investors, choppy market persists.Support at 3000 is firm. Sentiment ---> Bullish

 

Market experienced another day of roller coaster trading after Wall Street extended losses. Market had been seen rallying close to 250 points since low created on 4th June at around 2700. We expect market to consolidate at this point with immediate resistance at 3000 points. Lookout for IPO on 25th July,9 am. For more details, please visit forum.

 

Asia markets skid as investors take their first chance to react to weaker-than-expected U.S. jobs data, raising fresh doubt about global economy. We expect choppy market ahead as investors are still uncertainty about the degree of seriousness. What we can conclude for now is that support is seen at 2700 temporarily. Short covering might take place from here onwards. We advised investors to stay on the sideline for the time being. Weak stock for reference is SembCorp. Share could not break over 4.95. A breakdown from 4.67 will signify a further pullback. Sentiment ---> neutral (more biased on the downside)

 

Selling has finally come to a stop after Singapore index had made 8 consecutive days of lows. We do expect a brief support at 2750 for the time being. Please do expect market to remain choppy for now so it is advisable to stay sideline for the time being to determine the direction of the market. Currently, it is more bearish but still more evidence is needed before we can concluded that the selling spree is over. Sentiment --> Bearish

 

Previously we mentioned that sentiment is neutral with more biased on the downside. Asia’s stock markets tumble hard after Greece fails to form a unity government, raising euro jitters. This adds on to bearish sentiment. Resistance established at 2870. A few bearish stocks are on our watchlist, mainly Golden Agri, Biosensor and SembCorp. Sentiment --> Bearish

 

Market suffered more than 2% drop yesterday after poor US data and Euro elections. We believe market will continue to be choppy while range bounded. Support is seen at 2900 for now with resistance at 2950 temporarily. We need to observe how market will trade in following days to determine the overall direction. Sentiment is neutral for now with more biased on the downside. Sentiment --> Neutral

 

Market broke down 3000 support which we believe had already turned resistance. Currently, market sentiment is bearish. Consumer price climb a faster-than-expected rate in March, accelerating from 3.2% in February for China economy. Support at 2900 and resistance at 3000 for the time being. We have to take note the the sentiment for this few days...

Sentiment --> Neutral

 

We expect market to be trading range bound from here onwards. 3000 serves as a good support at this level. Market will be choppy so active traders will want to stay sideline for the time being.

IPO Cordlife performed well above the market sentiment. Lookout a break through at 0.795. Stock can propel after breaking.

Sentiment ---> Bullish

 

Market managed to break through 3000 resistance, marching towards 3031.45 created on Feb 21 2012. We expect market to consolidate again after good move today, all thanks good news from the US market. US government reported retail sales jumped in February. Asia stocks rises sharply, most led by the bank stocks.

Bank stocks are close to the high created. UOB hit high of 18.42 while DBS hit high of 14.53 and OCBC hit high of 9.01.

Watch out for the bank stocks as they might be the next leaders to lead the index climbing higher.

Sentiment --> Bullish

 

Market remains choppy after good and bad news surfaced from US and China. Greece looked set to secure enough participation in its debt swap but China's consumer price rose at a weaker-than-expected rate of 3.2% in February from the same month a year earlier.

We believe that 2900 served as a very strong support for the market and expect market to oscillate between 2900 - 3000. DBS in except is strong. It managed to break through high of 14.36. We do believe that a new bull market is at the start.

Sentiment --> Bullish

 

Happy leap day! It only occurs every 4 years. Market is re-challenging 3000 resistance point. We do expect market to consolidate from before a successful breakthrough. 2950 support seen. US stock rises as consumer confidence increases and oil prices fall.

SembCorp managed to break through resistance at 5.23. Stock could climb from this point onwards.

Sentiment --> Bullish

 

Market extend rally after Greek deal sealed but worries still persist. We expect market to be choppy as investors might be still jittery about the Euro-zone financial health as well as this credit rating. On the long run basis, we see that market is bullish, so investors can look to buy into the market. 3000 turned support. Next resistance turn is around 3100. Banks and property are on the focus.

Sentiment ---> Bullish

 

Market faces updown pressure as investors turn their attention on Greece. Talks have been postponed to Tuesday as leaders are trying to come up with agreement to prevent Greece from defaulting. We expect market to be choppy at this current point so please stand sideline first. Nevertheless, we are still upbeat on the market as long term chart is showing signs of turning positive. Support at 2900. Lookout for SembCorp, Sembmarine, Venture.

Sentiment --> Bullish

 

Happy new year everyone! Hope you enjoyed the long holidays.

Market is on the upbeat after the Federal Reserve said interest rates would remain low through late 2014. We mentioned before that if 2,800 is broken, it will turn support. As far as we are concerned, the market had rallied close to 300 points since low of 2600 created on Dec 20 2011. Therefore, a pause from the market now is inevitable. 2,900 still remains as the resistance for now. We expect market to consolidate at this point.

Sentiment --> Bullish

 

Market recovers some losses after yesterday sell-off. Shares advance across Asia as Europe-inspired jitters ease. China economic data due. This week's inflation, housing and manufacturing reports are likely to show the U.S. remained on a modest upward track at the end of 2011. We expect market to consolidate at this current point before a breakthrough of 2,800.

Sentiment for now is neutral but biased on the upside.

 

Asia stocks rise after successful European bond auctions and comments from the European Central Bank help alleviate some euro-concerns. We are still cautious with the market performance and uncertainty still clouds the market. More shares are slowly turning positive which signify market maybe turning positive. Meantime, please be nimble or stay sideline as market is currently choppy. Resistance at 2,800.

Sentiment --> Neutral (slightly bullish)

 

Market retraced after past up sessions. We expect market to consolidate before a trend starts. At current point, we advise staying sideline as market shows great uncertainty, mainly in the Euro zone as well as good news from the US.

Sentiment --> Neutral

 

GET LATEST POST BY EMAIL

Enter your email address:

Delivered by FeedBurner

Followers