Biosensor forming Wave 5 ?

Biosensor pull back after hit resistence, now it seems Waver 5 in the progress...

WIlmar form round bottom

Wilmar has form round bottom quitely. A good potential if it break $3.4

Biosensor

Great rebounce for Biosensor and it now hit another 161.8% Fibo level, miss the early rally and got to wait for retracement.

overbought or continue christmas rally ?

Overall market seems overbought but some counter also continue charge higher, OSIM form negative divergence with volume and RSI while STARHUB break resistence with high volume.

YOMA seems exhausted shorterm

YOMA seems weaken at 0.74 to 0.7 region, market seems overbought in short term, let see how US market react from now till christmas holiday.

Took profit on AMZN

Bought Bull PUT option on AMZN last monday by seeing annual pattern of Black Friday shopping rally, indeed it go my way and hit the 200SMA, never wrong by taking profit early.

Counting down of Fiscal Cliff

Market start to count down for Fiscal Cliff, i bet Republican and Obama will do everything & anything to prevent it happen.

Oversold or continue weakness

Overall Market has been weak, NYSE BPI start flip to "o", a bear indication. But seeing overall market has been oversold, some counter in oversold region. close look at Ezion and Sem mar seem will bounce in short term, tighten stop will be needed.

YOMA form bull flag

YOMA has formed bull flag and volume seems stay on high side. Adding position now or wait for US President Election result ? small position should be good.

Cut lose aka 止亏

It take a true courage to cut lose, especially 3 time in a row. When i look back,  i feel happy about it, coz i have break through my own psychology and to preserve my capital. Prudent and cautious money management needed in future. APPLE, i will study you more ..

Living in denial can kill

That's it, 2 months profit wipe out by APPLE, learn my lesson on straight call on APPLE without tighten stop and trust it will be rebounce on 200SMA, today after lunch it penetrate the support line and overall market also gone into sell down without any valid reason. I guess that the psychology of the market which expectation on economy news are high and though the results was good, but market reaction follow the other way round. I have been warn by bearish technology P&F charts but yet stubbornly stick on bullish sentiment on APPLE. $1510 fees for this lesson learnt, and i will not make the same mistake again. Going to crave this in my heart, my mind, my soul ...

Taking Profit & cutting loses

Taking some profit off the table for my VMW and cut lose of my AAPL. Month of Sept and Oct has done damage to my account, a prudent money management will be needed in future, leant my lesson.

DOW has seems slow bleeding at 200sma region and  S&P500 seems strong support at 1400 region. Expect some rebound next 2 weeks but seeing storm sandy approaching east cost of america, i have tighten my stop.

 

Tech sector direction

While Tech sector continue hammered by big fund, it seems reach to support area, especially Apple and Amazon going to announce earnings soon... any good or meet expectation result may invite the Bull run .. let monitor.

Retracement done ?

S&P500 has been retrace 2.5 to 3 % from sept top, has the market's retracement done ?
S&P500 has rest on SMA50 line, potential a bounce on next monday. SBUX has been in weak position since Oct and noticed that another break lower may trigger another round of bearishness.

Genting rebound or heading lower

Genting singapore shown a nice uptrend , but meet with resistence at 1.41 region and heading down to the support of uptrend line. Will it follow the uptrend line and break 1.41 by end of this year or heading lower to have tripple bottom ?

Uptrend natural gas

Has been watching natural gas ETF ( UNG) rebound since $15 region and spot double bottom, today UNG up to $22.2 and i didn't increase my position. Will plan to adding position as Winter is coming and natural gas demand seems came back since fall of 2009.
UNG has been swing in the uptrend channel, i will plan accordingly.

Profit take on last day of Q3

Regardless of the market situation, window dressing day tend to spike up the price, took profit on YOMA ( 2 weeks hold ) and OLAM ( 2 days hold), small but better than nothing.

BIDU trade

Not bad for 14 days hold for BIDU, profit take before market retrace yesterday.
Will re-entry once market retracement done.

First CFD Trade

Not bad for my first CFD trade, earning 5%.

Genting & Wilmar going to break up ?

Look at Genting form uptrend wedge and going to break up, Wilmar gap up today, next target will be at 3.40 if has leg.

What to follow up after Iphone 5 & QE3

what to expect after QE3 or iphone 5 release ? buy Apple stock or related retails stock which doing bizness with Apple ? one of local stock, Hi-P has related consumer electronics bizness link with Apple did some before iphone 5 product release. Gold and Silver will expect to charge higher, whereas energy seems has some leg to go up but has been in overbought region for quite some time..

GS form round bottom

have been watching GS form round bottom, but not yet trade and keep waiting for retracement, and miss the trade. Uncle Ben just announce continue operation twist till year end, and banking stock should rise now.. shall i trade now ?

mining stocks

look at GG and CLF, continue to bullish, the momentum has been there since Aug.

Market sentiment 10 sept

Uncle Ben and Draghi did push up the market last thursday, market rebound and now sitting on multiyear high, at least for S&P. But bear in mind the volume not yet recovered and DOW Transport index has not yet create higher high. However mining stock has recovered and start new trend, which can be seen on CLF, GG, SLV and GLD. I am watching SLW which historically  always benefit from QE related activities and GG seems formed bottom W pattern. do watch closely.

QE3 potential

thanks to uncle Ben, Gold and Silver rally last night, took my profit off GLD  and Queue for silver, somehow it is not filled, frustrate ! Next Monday will be US labour day and i do hope silver do retrace on next week, so that i can load more. Nat Gas seems to found support and start to go higher.

Will Uncle Ben lift the market with QE3 ?

one more hour to go Uncle Ben will release FOMC meeting minutes, whole world are waiting for QE3 release ... my personal view unlikely QE3 will be release, seeing Europe ECB has tried best to handle Europe issues and hot money flow back to US market, recent earning has been good , US company are making money...i will add more PUT spread once market tumble.

Market Sentiment ww30

Market are back in positive region, a follow up one or two days will determine wether bull continue to dominate the market. I will consider cover my short if rally continue.

Market sentiment 7 July 2012

July uncertainty repeated, Friday NFP data send the market down, but good thing is NYSE BPI has turn "X" , looking at earning season coming soon, market may going to another volatile month of July and AUG.

Uncertainty ahead

June continue to be volatile as it is for the past few years and July even unpredictable. Tomorrow GDP revise and EURO summit will definitely give some light to the market, stay in side line is a wise strategy.

Volatile June

Traditionally June is more volatile than May, if May causing you lose money, stay tune in June, another volatile swing may wipe out your portfolio. Euro situation continue to worry and uncertainty ahead, better no trade than sorry.

why i buy Gold

Gold has been down since April, but great support 1540 region, so decided to buy since EUROPE uncertainty will lead to gold spike.

short term trade

sometime trade can be short term and not perfect, but surprise it can make money. Blue arrow is buy Red arrow is sell.

The Federal Reserve Explained

UNDERSTANDING THE FEDERAL RESERVE

How Interest rate move market

Market sentiment ww14

friday NFP lower than expected, this week may start a volatile week untill US earning may flip the game. NYSE BPI still uptick but definitely slow down.

Bull and Bear

Overbought market seems to slow down and consolidate to down side, not much negative sentiment in the air, so this might be retracement before heading higher for next couple of week

Market sentiment WW08

again, stock market refuse to drop and economy data seems to be getting better and yet DOW remain fighting hard with remises of 13000. I am expect a mild retracement before reaching March

small profit

though overbought , market seems trending higher in a small range, better took money off table.

Market Sentiment ww03

positive economy data and earning season, the Jan effect seem to push market higher, i stay bull. At least Bull still have some leg to psh S&P to 1345 region.

Market Sentiment ww01

New year, the intermediate bullish trend continue to climb higher, from BPI the market seems overbought and pending to have retracement next few week, earning is coming and economic data seems to look good, market seems start to have new bull run, unless EUROPE debt issue continue to poison the market. I reckon Jan will be a bullish month.