A quiet day at the stock market

It was an extremely boring day. We had a very light session and no signs of window dressing activities. Tech sector continued their bullishness and I saw UTAC breaking it's 0.740 resistance. Even my boring Rotary roared into life today! Yes, I owned Rotary the day I charted 2 weeks ago. : ) I bought at breakout then. You can check out the chart for more information. Since it has moved up, i have no qualms in disclosing because i cannot be faulted for selling "koyok" (promoting one's holdings in a bid to help push up) :P Now i shall join the rest of the share holders celebrating and waiting to sell!

We have solid economic data released today and the Q4 GDP to be released on 3rd Jan 2005 is expected to rock Singapore and finally it will beat the Govt forecasted FY05 GDP. Wait a minute, why am I, a technical analyst talking about fundamental part of the market? I used to think everything is in the charts. Why bother to know what's going on? Now, that's very silly of me. Knowing what is going on can allow a better anticipation of market direction. Just like now, i see constant buying rather than selling in market and better than expected GDP, market is likely to go up. Hence I prepare myself to react accordingly when the market goes up. If despite all these good signs and market go crasing down, you can be sure I will stay out of the market.


Rotary


UTAC

GrowMoney QuickPick

Shangri-LA Asia Limited Ordinary Share 13.0000
Pearl Energy Limited Ordinary Share 1.4200
Advanced Holdings Ltd. Ordinary Share 0.8850
United Test & Assembly Ctr Ltd Ordinary Shar 0.7450
Chemical Industries (F.E.) Ltd Ordinary Shar 0.7000
CSE Global Ltd Ordinary Share 0.7000
United Envirotech Ltd Ordinary Share 0.5300
Rotary Engineering Limited Ordinary Share 0.5200
Singapore Shipping Corp Ltd Ordinary Share 0.4950
Pacific Andes (Holdings) Ltd Ordinary Share 0.4900
Man Wah Holdings Limited Ordinary Share 0.2900
A-SONIC AEROSPACE LIMITED 0.2550
Breadtalk Group Limited Ordinary Share 0.2400
Global Active Limited Ordinary Share 0.2300
AP Oil International Limited Ordinary Share 0.1550
TEE International Limited Ordinary Share 0.1500
Nobel Design Holdings Ltd Ordinary Share 0.1150
C2O Holdings Limited Ordinary Share 0.1000
Asia Dekor Holdings Limited Ordinary 0.0950
Ezyhealth Asia Pacific Ltd Ordinary Share 0.0800
KXD Digital Entertainment Ltd Ordinary Share 0.0700
Tye Soon Ltd Ordinary Share 0.0550
ISG Asia Limited Ordinary Share 0.0500
Ionics EMS Inc Ordinary Share 0.0400
Plato Capital Limited Ordinary Share 0.0300

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