Market Is Going Up

Market Snapshots - Wall Street is positive on data release. Earning of most listed China stocks doubles. China is also taking a swift stance of asking bank to increase their reserve to curb from ecomony overheat. It may sounds neutrel but its a positive news. Big player are going to buy tomorrow. Gold price is climbing and seems to be revisiting its April 2007 height.

Most people are trying to talk down the market and people are going to sell. True enough, they are going to sell or short but to find themselves unable to cover. Tomorrow is eve of holiday which is a day of green based on my experience, though many people say profit taking will take place. Personal sensing is that Shanghai Composite and Hang Seng is going pull STI up based on their profit results and they are in a euphoric buying mood.

Midweek ahead, overall sentiment will be hard to say as buying will be exhausted and on supposition, global market subsequently turned into a mixed market trend as Sell In May Effect sets in. But its going to be sudden, unexpected and unpredictable.

Trade with caution and care.

Any opinion herein is made on a general basis and is not an inducement to trade.

A Volatile Week Indeed; A Tough Week Ahead

STI is now 3398.60 and HSI is 20526.50. Market has turned into a correction and profit taking trend despite in positive light.

May is coming and you know what they say about May - "Sell in May and go away". Largely based on statistic, May is not a good month to invest or speculate. Although it maybe a good month to go short or long term value buying.

Lottvis recovered in midweek but fell back to 0.570 region. Rowsley rose slightly from midweek up going movement and is currently resisted in the 0.300 point. Large volume of stocks changing hands. Most of the China high potential stocks has corrected. Hongguo and Jiutian which were my favorite corrected substantially. Watch out for Swiber as price below 1.68 present a buying opportunity.

Long term, position maintained on Sembcorp and Comfortdelgro. I believe its also time to pick up some property stocks. In the monitoring will be Sim Lian and Fragrance.

At institutional end, Korea and Thailand emerging equity funds are worth a second thought and look. Looking ahead Thailand is calling for a election during end of this year whilst Kospi has sheded so much so its largely believed to be extremely attractive. Bought substantially on this two funds this week. Currently holding on to Europe, Greater China, Malaysia and Singapore/Malaysia funds, though upside is positively expected but the returns may be limited. It is good to diversified, expect to realise profit once hit 25% ROI by January 2008 for a slight reposition if required.

Any opinion herein is made on a general basis and is not an inducement to trade.

Early Rally Insignificant As HSI Turns Red

As soon as the trading bell started for STI, a big jump upwards, most counters gaped up. But as soon as after the lunch break, STI lost momentum and went down. Most counters fell in reacting to HSI's fall.

Dow's Friday rally was ignored? My answer will be yes and no. The market have been reacting somewhat more prompt to bad news and less rallied when there were good news. Dow's Friday rally was not cancelled. Sentiment still positive. Institutions will proved many wrong tomorrow when trading starts because they do not chase after price. They always buy when people thought that price are not sustaining. The myth of T+3 sell down does not necessary be accurate, as everyday could be T, unless an unusual up movement with huge volume or RSI overbought indications.

Short term, bullish on Lottvis, Freightlink, Eagles and Hongguo. Lottvis will definitely recover after today's sell down, looks more likely that it had been shorted than sell down. Rowsley will resume up gaping movement. Freightlink and Eagles, top volume stocks will be bought up with a moderate gain of less than 3 cts. Hongguo and Jiutian will resume up movement on small volume.

Long term wise, bought Transport stock, Comfortdelgro today and also still holding on to Sembcorp. Outlook remain positive and with high possibility of upside potential by next Capricorn effect.

Any opinion herein is made on a general basis and is not an inducement to trade.

Overheating Engine Takes A Cool Down

Thursday sell down was soon forgotten as Friday bounced back on a strong session. Many counters that slided on Thursday recovered considerably. Global market looking overheated as Thursday sizzles seems healthy, although those who had joined in the panic selling would not be very encouraged. Those holding on to CFD account are waiting for sell down so that they could get a piece of 'short' from the market. Looks like the shortist are not going to have fun as market indexes around the world especially Asia is going to uncharted region.

Positive sentiment, higher profits and new ecomonic hope and ever appearing catalysts amid Iran uncertainties.

Pennies in focus. Up next week, still in play will be Lottvis. Just how high is high for this baby? You would ask. I guess the new term TP should be nothing less than $1. Other stocks in store next week, Rowsley (Similiar to Lottvis in business nature), Freightlink and Eagles. In the higher price tag's end, Jiutian and Hongguo may break further height as strong hands seems holding tight on positive climate, especially after a big market sizzle on Thursday.

Long term wise, Rotary is rather stagnant, so I took profit today. Sembcorp is still holding strong just below $5, next wave should come in two weeks. Stable stocks to look at is HG Metal, Comfortdelgro and STX PO. Just have to look at how market open on Monday which is most probably a 'green' day. Comfortdelgro seems to have break away from crude price's movement these days and is going upwards.

Any opinion herein is made on a general basis and is not an inducement to trade.

Market Took A Slide; Penny Shines

Penny dominated the top active stocks. In focus for the past few days and for the next few weeks will be undisputedly, Lottvis. Potential is the sky for this stock. Just imagine, a Singapore Pool in China? Does it ring any bell? I am rather bullish for this uptrend to be intact supported by the interest by punters as well as big funds.

Another stock to look at will be GKE Int. It has been picking up at a interesting pace. Should be a gem yet to be discovered.

Jiutian hit $2.430 despite overall China counters' overall downtrend. A strong moving stocks to be noticed.

Long term wise, Sembcorp dropped below its $5 support. But not to worry. Fundamental still sound. Anything below $4.80 is a good bargain. As for Rotary, hold to be recommended.

Any opinion herein is made on a general basis and is not an inducement to trade.

Postive Week Ahead Despite Rising Fuel Price

Civil servants got a a pay revision which was a timely move to ensure they are able to retain and attract talents. Things still look stable and positive for Singapore economy. However, May is approaching. A tough month coming for stock market because there was a saying - "Sell In May and Go Away".

Crude has been limited and that's why it went up to $63 - $64 region. Looking ahead next week in STI; seems healthy which took a slight correction (which was expected) in mid week to its current 3373.59.

Stocks like Chemoil, Lottvis and Unionmet will be continue to be in play next week and will be in my radar screen. In particularly, Lottvis which will start doing lottery business in China, a potential high capital yield stock in years to come. Metal stock like Unionmet had a slight correction to its current price of $0.595. Target price coming next week should be $0.66 - $0.67.

Long term investment, maintained of highly stable stock like Sembcorp and Rotary. Sembcorp took a beating down to $5.10 as the market took a breather. Maintained Sembcorp and Rotary for long term stock.

Fund investors can look into region like Asia Ex Japan, Korea and Europe for unit trust investment as Asia remains to be strong and positive.

Any opinion herein is made on a general basis and is not an inducement to trade.

Mixed Week Ahead

Upgoing market for the past week. Tiong Woon and Chemoil had went up quite a fair bit. These two may not be as upbeat, but if any crude related impactful news may affect it. The global sentiment was exceptional positive spiked by postive US payroll increase and decreasing jobless data. Asia EX Japan's performance had been exceptional well for the past week. Uploading was seen in STI even pior to Good Friday. 3345.86 is seen to be rather postive but RSI has shown that STI is around the 80 region which shows its relatively overbought. However, the trend line is currently slightly above 5 days MA. Coming week, the market may be taking que from the oil and energy related news like US-Iran. Nymex Crude Future is at 64.28, downtrend limited despite Iran's diplomatic stances. Based on the above, a slightly healthy correction may be expected after a rally from Monday's 3250 region to its current point. For the next coming week, Sembkim, Sihuan and Lottvis may be in play. Lottvis is highly speculative and its to be monitored with caution. If the uptrend continues, these high volume stocks will be enjoying the ride.

Long term wise, Sembcorp seems to be going up at an increasing pace to its current $5.350. $6 should be coming during the next capricon effect at Jan 2008. Rotary is another stable stock related to energy to be monitored closely.

Any opinion herein is made on a general basis and is not an inducement to trade.

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Oil and Energy Play in Focus

Okay, STI has recovered from 2990 region to its current 3231. Remarkable V formation since the sell down. Last week, we see STI up moving trend while putting aside subprime's woes and increasing crude price. It seems rather clear that STI is not taking que from DJ but from HSI in someway or another last week. But if subprime woes spread much further, it will affect asian's market sentiment sooner or later. Trend formation for STI seems bearish after a recent strong rebound.

Looking ahead, eyes on oil and energy play will be the darling for the upcoming week. On my radar screen will be Tiong Woon and Chemoil.

Any opinion herein is made on a general basis and is not an inducement to trade.