Tuesday 24 December 2013

market rebounded??

wah! what an unexpected outcome and market reaction to QE? Fed plans to taper in Jan 2014, the market went down abit and rebounded strongly..perhaps the taper was much less than expected and the market was relieved or Uncle Ben prepared the market well to receive it?? whatever the reasons, there's $$$$ to be make.

by now you should be able to read the TA using the tools I have shared....has the market rebounded(please look at the indicators and draw a conclusion and action plan)?? Dow Jones is making new highs, Will our super laggard STI break new high too...

Thursday 5 December 2013

Great Singapore Sales ahead.

The Dow is falling , and that affect overall world  market sentiment ...STI is especially vulnerable....it is now at 3101 having broke the last strong support at 3120...markets will be volatile at least for the next 1-2 weeks await FOMC meeting.

take this opportunity to buy some plantation stocks on the bargain...wait for market to rebound first though....Don't spend all...always keep some cash.

Tuesday 3 December 2013

Palm oil looks like staying above 2600 RM

despite some conerns on the demand side(goggle "Palm oil news" in bloomberg), CPO still stays above 2600 RM on weather concerns(monsoon ends around Feb next year). the impact of wet wether on CPO prices is likely not yet fully priced it yet....people tend to under or overestimate the impact...let's wait and see.



Dow jones might have hit a short term peak ard 16130

hi,

check out the MACD for dow jones...it has crossed down. What does that mean??

Where could be that next logical support?? If it doesn't rebound tonight, might be heading for 15600 (the last round of strong rebound and just above the 50 days MA).

The STI didn't rally much when US, Euro and Japan rallied...and didn't dropped alot compare to Dow/Nikkei 225......hmmm now STI has some support around 3170....it is attempting to challenge the 50 days MA around 3188..If u failed to break up, then i will break down and re-attempt from a lower base. Next support around 3158, if fails to hold likely head for 3120. If that fails, then will head for 3060...so no hurry to catch the stocks yet.