A look at the global market shows a clear trend change. The sellers are back in the market and this might be the new beginning of a bearish trend. What the media has to say? 1) Corporate earnings are not fantastic 2) Euro debt problem has not been resolved 3) Banks are risking too much again – JPMorgan lost...
8.12pm As of today, STI has broken below support, out of a reversal chart pattern. March 2012 marks a consolidation month where STI challenged zone around 3033 a total of 3 times. With the NFP report last Friday worse than expected, expect further correction to 2900 before any meaningful movement up. STI Daily Chart What the analyst will say...
2.56pm STI is now at a strong resistance turn support zone. Will be looking closely for a break of resistance trendline to buy cyclical stocks in SGX. STI Hourly Chart With the potential USDCAD short trade coming up and the strong support likely holding for STI, I remain upside bias for the SGX market for the rest of...
10.10pm Was monitoring Yanlord for the whole month. Price is now resting at strong resistance turn support zone. Yanlord Daily Chart Expert investors were waiting for price to challenge $1.24 for the whole week. It nicely bounced off it last Friday. Monday could potentially be a low risk high reward trade for this counter. Speculators do keep an eye on this...
Disclaimer: The content you are about to see is not a recommendation to buy or sell shares. The FxGump team is not licensed to give advice which can potentially lead to losses in your portfolio. Have been looking at beaten down stocks these few days with the hope of finding some out of favor gems. Other...
9.07am Despite the recent surge back above 3000 points for STI, price has not broken out of a key resistance zone. STI Daily Chart My key observation: #1 – Declining trading vol over the last week #2 – MACD still near high side #3 – Key resistance still not broken, selling pressure remains strong #4 – Despite the weakening of the...
This post is quite random as I will be talking about 2 very different topics. Firstly it is the VIX. VIX measures the implied volatility of the S&P index options. Check out full description here. I often check the VIX to remind myself how volatile the market currently is. I also use the VIX to gauge market fear and...
Good morning all. Began charting the moment I woke up. A view at USDSGD and the US Dollar index which measures the relative true strength of the USD. US Dollar Index(DXY) I always look at the dollar index the gauge the strength of the US dollar. A simple rule I follow is never buy US stocks when US dollar...
People always tell me, SG market is too small for technical analysis to work. I disagree. Technical analysis works even in a small market like the Singapore Exchange. Many investors quote insider trading as the reason for why people profiting in the Singapore stock market, through my thorough analysis of recent stock movements, I see hints before a big...
The STI rebounded from 2909 to 2987 from the 7th of Mar to 9th of Mar. Many speculators went into the market during the rebound and are now likely in trouble. Why is that so? The art of technical analysis taught me the way to read the market in a reliable way. That is through reading price...
