2 more days left for Stock Market to react

US overnight dropped 100 points thereabouts and I started the day wary of a panic selling in our market. To my surprise, nothing of the sort happened. STI closed slightly up with selective buying in some bluechips. With 2 more trading sessions before the year ends, I am still seeing no signs of a rally. It was another mixed day for us and boring at the same time. Neither up nor down, I am getting clueless too. If you have trading positions in the market, I advise you to keep a close eyes on them. If it doesn't goes up soon, i'm pretty sure the law of gravity will bring the index down for a correction so many bearish trader thought was overdue.

Rotary finished with a high volume doji (open= close). It should continue it's attempt to break 0.530. If it doesn't over the next 2 days, I'm taking my profit. My rationale being, with such high volume and no price actions, it could be a distribution in progress. I would be confident if the doji is with light volume because light volume means no one is selling. Look at my MMI chart to see what I mean.


Grow Money QuickPick

Singapore Airport Trml Svcsltd Ordinary Shar 2.3400
United Engineers Ltd Ord Ordinary Share 1.9200
Pearl Energy Limited Ordinary Share 1.4700
SNP Corporation Ltd Ordinary Share 0.9350
Pine Agritech Limited Ordinary Share 0.7350
Fung Choi Prntg & Pckg Grp Ltd Ordinary Shar 0.6500
Aspial Corporation Limited Ordinary Share 0.4500
Federal Int(2000) Ltd Ordinary Share 0.3850
Sinwa Limited Ordinary Share 0.2900
Breadtalk Group Limited Ordinary Share 0.2400
Global Active Limited Ordinary Share 0.2300
Superbowl Holdings Limited Ordinary Share 0.2200
Tiong Woon Corp Holding Ltd Ordinary Share 0.2150
Europtronic Group Ltd Ordinary Share 0.2000
JEL Corporation (Holdings) Ltd Ordinary Shar 0.1750
TEE International Limited Ordinary Share 0.1500
Federal Int(2000) Ltd W071207 Warrant 0.1500
Asia Power Corp Ltd Ordinary Share 0.1350
Nobel Design Holdings Ltd Ordinary Share 0.1150
Edmi Limited Ordinary Share 0.1050
C2O Holdings Limited Ordinary Share 0.1050
KXD Digital Entertainment Ltd Ordinary Share 0.0700
ISG Asia Limited Ordinary Share 0.0500
China Infrastructure Hldgs Ltd Ordinary Shar 0.0450
Plato Capital Limited Ordinary Share 0.0300



MMI - follow up, looks like a possible re-entry.


United Engineers - An example of a third chart formation called Flat base breakout.

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings