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Constructions Tangoes Investors
2007-07-02 17:24:00
Thanks for all the well wishings! Wah I received at support mail box of chartnexus, from my own course alumni group and also this blog! Very very satisfying....everyday eat, sleep, think, talk about market and trading! It's still early in the week to identify where market is likely to head to. However, construction continues to hog the limelight. It seems like rotational interest where it was Lian Beng's turn to steal the show. Plastic industry is also making a comeback. GrowMoney QuickpicksAsiaEntChinaHongChinaSunSimLian DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.
More About: Investors , Const , Cons , Tango , Tang

Market Directions for a start
2007-07-01 16:03:00
A look at the STI weekly chart found bearish divergence in indicators. Market may pull back further. 3458 should hold for now as we enter the earnings season. Nikkei will face resistance around 18223. As for HSI, 21052 to 21256 should offer very good support. DJ's support around 13,258 held steady last week. Resistance to beat will be 13,700 thereabts. I would love to see US form base around this level and that STI trades sideways to form a base. Trading sideways shakes out weak holders and contra players and we will have supply of buyers ready to enter the market when good earnings are announced. This said, the only time i will break my bank to buy more will be when I see support holds.Sector wise, without a doubt something is brewing with Yongnam. IR contract was supposed to be awarded by end of June but no news yet. From my XPertTrader screening, a specific industry came out prominently...synthetic leather manufacture from PRC. Chinasky, CG Tech and SinoTech. All showed buying i...
More About: Start , Directions , Dire , Rect

Scale down positions
2007-06-25 15:56:00
I am back! It was a fantastic 2 weeks in the market where almost all the stocks were going up. Today I took profit on Amara and Equation in a bid to lock in some profits on the way up. Amara has a big gap up and I reckoned it will be closed and that is where i may look to load up again. Equation broke out on heavy volume and I opt to sell into this rally. It was decent profit and hence i decided to lock in. As for the rest of my holdings, i will be looking to sell if weakness appears.Earning season is coming up and it's time to look at companies that will report good results. Buy now and sell into the rally. It will be good for markets to pull back this week. This will make room for earnings play towards the upside. I also noted that we had very very huge volume transacted over the last few days. Average is maybe at 4 billion shares exchanged hands. This means there were more participation. I would flag the current market condition as high risk and hence will not be buy...
More About: Scale , Posi , Position

Decipher on Reservice
2007-06-12 15:23:00
Guys, i underestimated my Reservice this time. This time round, it's Monday to Saturday FULL day with Night training! Hence won't be able to write anything about the market. I'll be back 24th June 2007 Night! However I am still in touch with the market! Using GPRS, if you have a poems trading account, you can log into ur watchlist via GPRS to poems wap website. It's fast and the price quotes are not delayed! :D Those who are always on the move may want to set up this connection. : )Another piece of good news, my technical analysis course once again SOLD OUT! : ) Everyone must be trying to beat the GST hike!Next intake will be announced in due course.GrowMoney Growth FundCSCYongNamJasperPDCEquationNoble GrpSwiberStraitsAsiaAmara*No new trades done over last few weeks.Stay healthy, stay happy, I will be back!
More About: Vice , Cipher

Property Sector
2007-06-07 03:41:00
For STI to reach 3,800 or 4000 points, property to lead the way again? I noticed they have been quiet since the last correction in February. Fundamentals are still strong in this sector. Should market sentiment remain firm, high chance of this sector to shine again. Earning season is just a month away, perfect reason!DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.
More About: Property , Prop , Pert , Rope

China Bubble
2007-06-07 02:37:00
This picture shows a banner that said "Instead of Robbing, why not speculate shares". A banner right in the heart of a town in China . haha
More About: Bubble

Market Directions
2007-06-06 17:00:00
Tonight I studied the possibility of where the market can find support. This is because after the Shanghai Mark et corrections, HSI remains vulnerable and we saw US side under going the same corrections. Like I always said, when big brothers overseas sneezes, STI won't stay up for long. Hence I will be watching closely these support levels and selling/buying strength. It should be noted leaders of the market remained weak and we have been going up leaded by second class market citizens. Classic setup of a corrections by theory. Following are charts of 3 regional markets where I participated in. I recall my article on May 22nd, weakness was already seen and felt. My strategy was not to be agressive in buying. My anticipations was a sideway market. Hence I didn't trade much and you seldom see me post articles. While I think we should have corrections, we do not need to tank big time. Market can always trade sideways to wash out weak holders and squeeze contra players. As I...
More About: Directions , Dire , Rect

Shanghai Exchange Ignored
2007-06-04 17:49:00
GrowMoney QuickPicksAmaraBanyan TreeKoh BrothersSTX POUTACDISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.
More About: Shanghai , Exchange , Chang , Chan

Bulls hold steady for now....nervy
2007-05-28 16:33:00
Nothing has changed over the years. There is up there is down....the sooner you are able to step aside and look at the market from the outside, it cannot be more clearer. I was away for at least 5 days and I know the market pulled back. However base on technical analysis standpoint, still looks healthy! I stopped buying many weeks ago and began consolidating my positions as we head higher in anticipation of this pull back. Now that it has happened, I know exactly my next steps! This is why it is so important to have a trading system in place and not trade the market randomly. I was at burger king @ Expo where I overheard a conversation where a man called his broker to pay off his MARGIN loss! With the rebound in the market today, i'm sure he is feeling very frustrated for cutting loss unnecessary. Margin....a double edged sword.It is AMAZING! My technical analysis course (CSMC) intake 13 had closed 1 week in advance! Woah! I am simply very excited and thankful to the 30 ...
More About: Bulls , Hold

Bears fired first salvo
2007-05-24 16:16:00
I was getting bored and internally i can feel my patience tested over the last few weeks. My stocks are not appreciating as much as I would like. I see many stocks seducing me. This is exactly the same situation as when I began trading many years ago. They will seduce me, I would have dumped my winners and get into them. Then they will dump me at a loss and i look stupid. That's why I have been staying discipline to my trading system and rules. I dripped blood and swear that I will never trade like I did in the past. Since then, I have been trading consistently with profits, knowing exactly what to do and when to do it. I call it a Paradigm Shift. I am and will be away for the next 5 days attending National Achievers Congress plus World Internet Summit. No, I am not one of the speakers if that's what you are thinking, this time round i'm learning about wealth creation! Maybe I have never shared this openly, but I will take this chance. Stock Market is only a place for...
More About: Bears , Fired , Ears , Bear

Market is still on the way up!
2007-05-23 15:13:00
Recalling my post about quickpicks not moving? I have been observing them moving up day after day. From my screening today, it shows me buyers are willing to follow through in buying. Hence there should be some more upside to the market. Looks like the sell in May and go away theory doesn't work this year. I see banking stocks leading this run in STI. Properties are still lacklustre. So long they don't breakout to the downside, I feel safe until the sudden correction happens.GrowMoney QuickPicksNylectBakerTechDISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.
More About: Market , Still , Mark

Consolidating positions
2007-05-22 16:17:00
HSI shys away from closing above 21k yet again and I am disappointed. My heart dropped when it tanks more than 200 points by mid day. However a strong rally by Nikkei ensures HSI stays afloat. I noted that HSI has been trading sideways at this level. Whenever they threaten to break downwards, it is well supported. However it must close above 21k soon, otherwise I see it as a scenario where offloading is happening around 21k. I am vested in the call warrants.STI while it is heading up, i noted the RSI is not showing strength, staying flat as we head up. I am not going to add new stocks. If I have to buy, i will more likely book profits from a sale to fund the purchase. I need to see 2 situations developed. Firstly, maket to trade sideways and stop heading higher for next month. This is healthy and a way to shakeout weak holders and pave way for another record. Lastly, market should corrects and then build base. LottsVision was sold the next day after there was no follow ...
More About: Cons , Solid , Posi , Dati , Position

Managing your risk
2007-05-16 15:04:00
The game show, "Deal or no Deal" is a perfect showcase of human psychology when we come to risk management! It can be applied to trading. They increase their risk inorder to maximise the prize money, just like traders when we hope that our counters will run higher and higher! The key word here is hope! A no no in trading. If we succeed, it's not because we are good. It is because we are lucky. Thus this how many mistook luck for skill. And when the market tanks, it's no surprise we will moan in pain. We want consistency delivered out of a sound trading system and not luck. Another common mistake many made is, they went there empty handed and thus they can afford to take higher risk. This is not true, they have "sure money" offered to them to leave the game. Again, this is familiar to traders, how many times have we experienced a profitable position turned into losses? Profits on the table is yours! Take it! What i have learnt over the years is to manage my risk. One o...
More About: Risk , Aging , Mana

Threading by the fine line of cautiousness
2007-05-10 16:57:00
After a splendid opening on Monday where we opened into virgin land only to close lower and Tuesday echoed. All these despite US breaking new high after high, we seem to have dislodge from the association with Dow Jones. STI has now covered all the gaps created last week and this is healthy! It found gap support at 3409 thereabouts. Come to think of it, the cycle was pretty obvious, sector by sector they took turns to rally. We had banking shares then followed by offshore and constructions. So far property seems to be neglected. As for Tech sector, wait for next reincarnation....they never fails to disappoint.Every rally attempt so far has been muted. I think all thanks to the forums and newspapers that most of the people are very wary of what can happen in May. They are right, we are scaling at such dizzying height and anytime if any market trips, it can lead to global panic selling and thus creating a self fulfilled prophecy of "see i told you so, May confirm tua lao". Th...
More About: Threading , Ness , Line , Thread , Fine

STI Tangos with Historical High
2007-05-03 17:51:00
Another new record was achieved today before pulling back for a weaker close. HSI threatens the resistance at 20,800 tomorrow, however since it is a Friday, maybe not much incentive to close above that. 1 good reason for today's good run could be due to Nikkei's absence. It has been a party pooper whole of last week when DJ broke 13K. I will update HSI chart again tomorrow morning because the data only gets updated at 7am for previous closing.Something about Cosco. I observed that while many stocks has recovered from the Feb corrections and went on to test new highs, Cosco was not one of them. That is why I have not boarded back onto it all this while. Suspicions were later confirmed with a poorer than expected Q1 results. I have been following Cosco for years (it doubled my money during last run) so far this is the first time it has posted a rather slower growth. Time to watch out. The nasty surprises always hit us when the going is still good. Think about the IT bubbl...
More About: Historical , Historic , Stor , High , Hist

Money no enough
2007-05-02 14:34:00
I can only salivate at all the quickpicks. How to buy all??? While i am able to get into noble, swiber and straitsasia, but i also missed hobee, CAO, FerroChina! argh!!!! Just have to be thankful that i have some of them. The best part is, instituitions issue reports on my purchases after i bought them. Are they using the same system as me??? hmm.... keke I am tempted to contra...but that will be deviating from my trading system that has worked consistently well for me. Discipline! The 3 stages of trading... Survive....Consistent Profits....Massive Profits. I am now at stage 2....patience...soon i'll arrive at stage 3. The worse and most stupid thing is to self sabotage my system now.HSI tanked and didn't show the same bulllishness as DJ. This is not insync. I see this as warning. Why does Nikkei and HSI not joining DJ in testing new high? Either we are having a great opportunity to load up HSI now and awaits the test at 21K or... the unthinkable... DJ to corrects whi...
More About: Money , Enough

HSI Update
2007-04-27 02:59:00
DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.
More About: Update

It could have been better
2007-04-26 14:35:00
Instead of setting the regional markets on fire, we finish slow and steady. With DJ breaking 13k and staying above, the first part of my anticipation came true. However HSI didn't burst the resistance and closing below it. According to my experience with HSI, if on song, it will easily break the resistance. It just didn't happen today. I promptly took my profit at resistance when it failed the second time during intraday. This is despite that i think DJ can still close up tonight. Today's weakness echoes what i have observed last 3 days.....a hesistant market. Leaving the HSICW overnight to bet on a open rally tomorrow is called gambling. To execute a trade according to a plan is called trading. One reason for the lethargic markets, everyone has the fear of a market plunge. Again most breakouts failed and follow through buying is rare unlike few weeks ago.ChinaShares which had gone quiet for weeks appeared in my hitlist tonight. They may start to party soon. Also noted...
More About: Have , Better , Bett , Been

Dow Jones Tested 13k
2007-04-25 16:57:00
I hope tomorrow morning when I open my eyes, I see 13,050 printed on ChannelNewsAsia! HSI 21k Boleh!!!Precision Engineering/Manufacturing, the hidden industry that keeps appearing in my hit list everynight. Nan dao semi conductors really salt fish turn around? I recall sending an email to alert my 2 email groups abt possible turn in the semiconductor industry yesterday and today once again after screening the market, i am seeing a couple of precision related companies. Bought StraitsAsia today after receiving a signal last night. Also bought HSI CW the day before when HSI was trading at 20,400 support. The thing about trading index is, we need to know what is happening globally. I see strength in US. For STI, very resilience. Infact i could feel the whole global market is waiting for something to happen. It was a very tight range trading for the last 3 days with neither the bulls nor bears winning. I doubt we are breaking down. Let us break upwards before cutting down...thi...
More About: Dow Jones , Jones , Test , Este , Tested

HSI Update
2007-04-24 04:20:00
With HSI retracing at RSI resistance, once again, support from 20,000 to 20,200 will be tested. Meanwhile, more weakness is expected from HSI, probably sideway trading. 20,400 will be trendline support for short term.If you are still not aware, ChartNexus has all the world indices charts in Version 2.0. Enjoy!DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.
More About: Update

A feeble Rally
2007-04-23 13:18:00
I observed construction companies are currently held off and did not make much progress. Also, the top volume list today saw many penny shares do not have the same follow through buying as compared to previous weeks. Tonight's homework will be to observe the last time penny shares started to look feeble in their rally and what happens after that.Regional indices too closed weak after a gap up open. This is not good. If US is to fumble tonight, we may experience more downside in coming days. Trading in April and May is always tricky. It is not hard to observe that most breakout fails spectacularly. Again proof of no follow through buying. Property sector, which leads us into historical highs are showing bearish divergence. Livermore says, when the leaders start to show cracks, the second stringers won't be able to support it for long. Last thursday's 100 points selloff did not kill STI and we rebounded. But this is a warning to me.Important Events this weekApr 24Consume...
More About: Rally , Ally

HSI Update
2007-04-17 05:32:00
The red arrow points to 20200 to 20000 where it will be an excellent chance to go long on HSI but it powers ahead. HSI stumbled at uptrend resistance line at yesterday's closing and today's dip is natural. 20,400 is the level where HSI may seek comfort.DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.
More About: Update

Sister stock trading
2007-04-15 17:29:00
Swiber and Swissco playing like sister stocks. I personally like to trade on stocks like this. If you compare the 2 charts, you will find that it has the same pattern. Why do they have the same pattern and price actions? My dear friends, stock market is a very complex place and I leave it to your imagination what had happened as I only dare mention behind closed doors.. kekeSwiber: A reminiscence of Cosco. I received question why am i holding on to Swiber ? Other than it's in the sector which I am in favour of doing well this year, simply the stock didn't break the trendline. I have said many times, technical analysis is not difficult. It is only difficult if you are trying to find the holy grail. The experienced ones will tell you, no way would you find a sure win T.A reading. The simpler you use T.A, the easier it is. If you don't see an obvious positive sign, just sit aside. Jesse Livermore said, " Only fools believe they should trade daily, big money is made by sit...
More About: Trading , Stock , Sister

Penny Stocks rule
2007-04-12 18:23:00
I remember posting the key takeaways from an investment talk which I was part of. Construction was mentioned together with gas and oil plays. It is no surprise we are going to see new highs for construction companies again. While I miss their growing up days, after I reset my portfolio, i began to build around this sector. The current theme seems to be ulu stocks... stocks that are very very cheap and they breakout like crazy. Trading these stocks need to be nimble. Index tanked more than 1 percent and yet my portfolio made money. This is because I had stayed away from index stocks prefering to focus on the construction sector where my portfolio is at least 50% vested.Alot of people has been asking me why do I blog so infrequent these days. Super busy these days running around. But here i am again! :D haha And not forgetting the quickpicks!!! :DYes my UnionMet reported a set of lousy report. Let's see do i need to cut position tomorrow. I am still holding onto sicksun r...
More About: Stocks , Penny Stocks , Penny stock , Penn , Rule

Market at new highs again
2007-04-10 15:52:00
Market made new highs. Along the way, i managed to grab a few counters on the way up. It was a fantastic Monday where market went up at least 50 points. However my counters did not move. Infact they moved last 2 weeks and this week they simply rested. This is a sign of rotation. It seems like market is rotating it's way up. Properties, Hotels, Banks, ChinaStocks, Energy alternatives, Constructions took their turn. Tech stocks to move next??? Water stocks maybe? Somehow there seems to be positive newsflow coming from that sector. Also to note, penny stock are hogging the top volume. It will be rewarding if you picked the right one and it can easily double in value. GrowMoney Growth FundCSCYongNamNoble GrpSwiberSeksunUnionMetWilmarSkyPetrolDIS CLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.
More About: Market , Again , High , Mark

STI Rising Wedge Negated
2007-04-03 17:23:00
We broke out of STI's rising wedge formation and it will be good if we can close above it by Friday. We are now very near it's apex and this formation should be negated. Market direction currently points up, pretty inline with global markets.Never argue with the market. I will never forget this important philosophy in trading. When I was wrong twice in March about being bearish. I wasted no time in dumping the PWs and went long. Loads of philosophies in trading are very useful and somehow, they are already well drilled into me after so many years. Gosh, time really flies, getting older and older, soon no more late twenties! cham ah! hahahaI fancy the charts of UTAC, very close to it's 20 days' low, pretty good risk reward to the upside. GrowMoney Growth FundCSCYongNamNoble GrpSwiberSeksunUnionMetToday bought UnionMet after I think it is a normal pull back after a breakout.The popular Cracking the Stock Market Code is open for intake 11! lai lai interested party please get ...
More About: Sing , Edge , Wedge

Market ignoring all the bad signs
2007-04-01 15:59:00
Shifu notified me a very important sign, I been too blinded by the movement to miss it. That is, market has been ignoring the bad signs and keep heading higher. This is abnormal. Hence precaution is needed. I was all ready to bail out of my portfolio as my anticipated pull back happened mid week. However, it merely retraced one day and rebound back up.If window dressing does happen, we should have a few up days this coming week and after that, be very careful. It is exactly this period, April, alot of money is lost. Let us see how the week will start.GrowMoney Growth FundCSCYongNamNoble GrpSwiberSeksun*After losing 2 rounds from Put Warrants, I turned long 2 weeks ago and started creating my GrowthFund again. Huat ah!DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.
More About: Market , Signs , Ring , Sign , Mark

Flat Market
2007-03-26 16:47:00
Market surprisingly hold it's ground after a hostile weekend. Iran captures British soldiers and UN threatens with sanctions. But STI and global markets are expected to pull back, this is because of an excellent yester week . Now the interesting thing to note will be how far and low this pull back is.STI formed a rising wedge in the making, 3153 can be short term support for now, let's see how we survive the bears raid. If we are supported there, i will nibble some stocks soon.Patience...no point guessing a bottom, it will be easier to make once it is established. Classical Analysis will work. Higher high, higher low.....UptrendDISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2007 GrowMoney Blog. All rights reserved.
More About: Market , Mark , Flat

Key Take Aways From Investment Talk
2007-03-21 16:09:00
For those of you who weren't at the NTUC Auditorium for the Invest ment talk organised by Lim & Tan Securities, let me share with you the key take aways. Very simple, 3 main sectors to focus on, Construction, Marine & Offshore and Financial Services. These are sectors I heard from SIAS Research speaker Terence Wong. Of course the talk is more than that but my brain can only remember these...keke i salivates at the free information! keke As for my own 40 mins, I introduce Technical analysis to the audience with some key concepts in a straight forward manner. Nothing much.GrowMoney QuickPicksSwiberNOLAt close today, I bought HSICW for quickie trade again. Currently I'm holding Noble and STIPW. The all important speech by Big Ben is ready to set the direction for market. We had rebounded nicely and i notice, everytime we threatened to the downside, we are matched with bargain hunters equally hungry to buy the shares. Volume though low, but I keep noticing how individual stocks ...
More About: Talk , Vest , Away

Market had a 2 days rally
2007-03-20 16:03:00
Market rallied after a brilliant 112 rally by DJ. Thing to note today will be how the STI is looking now. RSI is at resistance, price chart has a short term symmetrical triangle. It must also be noted that from up 30s we finished the day just up 3 points. Index may be down but overall stocks made good gains. STI failed at the gap resistance and closed below 50MA. I be interested if 50MA starts to support STI. Should we head down, given the high volatility, smelly smelly a minimum of 50 points decline. Down is always faster than up, simply because humans are driven by fear. After 2 days of blank, finally I have stocks on my XPertTrader system! heheGrowMoney QuickPicksHobeeUICCDLHTrustCAODISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.
More About: Market , Rally , Days , Mark , Ally