Friday, April 27, 2007

HSI Update


DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.

Thursday, April 26, 2007

It could have been better

Instead of setting the regional markets on fire, we finish slow and steady. With DJ breaking 13k and staying above, the first part of my anticipation came true. However HSI didn't burst the resistance and closing below it. According to my experience with HSI, if on song, it will easily break the resistance. It just didn't happen today. I promptly took my profit at resistance when it failed the second time during intraday. This is despite that i think DJ can still close up tonight. Today's weakness echoes what i have observed last 3 days.....a hesistant market. Leaving the HSICW overnight to bet on a open rally tomorrow is called gambling. To execute a trade according to a plan is called trading.

One reason for the lethargic markets, everyone has the fear of a market plunge. Again most breakouts failed and follow through buying is rare unlike few weeks ago.

ChinaShares which had gone quiet for weeks appeared in my hitlist tonight. They may start to party soon. Also noted property sector seems to have found bottomed. Both CSC and Yongnam looks to be shaking out weak holders for now. Weekly charts are intact.

Other than taking profit on HSI, no other trades done. I am looking forward to cash out some of my holdings.

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.

Wednesday, April 25, 2007

Dow Jones Tested 13k

I hope tomorrow morning when I open my eyes, I see 13,050 printed on ChannelNewsAsia! HSI 21k Boleh!!!

Precision Engineering/Manufacturing, the hidden industry that keeps appearing in my hit list everynight. Nan dao semi conductors really salt fish turn around? I recall sending an email to alert my 2 email groups abt possible turn in the semiconductor industry yesterday and today once again after screening the market, i am seeing a couple of precision related companies.

Bought StraitsAsia today after receiving a signal last night. Also bought HSI CW the day before when HSI was trading at 20,400 support. The thing about trading index is, we need to know what is happening globally. I see strength in US. For STI, very resilience. Infact i could feel the whole global market is waiting for something to happen. It was a very tight range trading for the last 3 days with neither the bulls nor bears winning. I doubt we are breaking down. Let us break upwards before cutting down...this will be more convincing.

GrowMoney QuickPicks
HGMetal
FerroChina
ChinaWheel
HiapSeng
Ultro
ZHguo Powerpl

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.

Tuesday, April 24, 2007

HSI Update


With HSI retracing at RSI resistance, once again, support from 20,000 to 20,200 will be tested. Meanwhile, more weakness is expected from HSI, probably sideway trading. 20,400 will be trendline support for short term.

If you are still not aware, ChartNexus has all the world indices charts in Version 2.0. Enjoy!

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.

Monday, April 23, 2007

A feeble Rally

I observed construction companies are currently held off and did not make much progress. Also, the top volume list today saw many penny shares do not have the same follow through buying as compared to previous weeks. Tonight's homework will be to observe the last time penny shares started to look feeble in their rally and what happens after that.

Regional indices too closed weak after a gap up open. This is not good. If US is to fumble tonight, we may experience more downside in coming days. Trading in April and May is always tricky. It is not hard to observe that most breakout fails spectacularly. Again proof of no follow through buying. Property sector, which leads us into historical highs are showing bearish divergence. Livermore says, when the leaders start to show cracks, the second stringers won't be able to support it for long. Last thursday's 100 points selloff did not kill STI and we rebounded. But this is a warning to me.

Important Events this week
Apr 24
Consumer Confidence (Apr , 2007)
Apr 24
Existing Home Sales (Mar , 2007)
Apr 25
Durable Goods Orders (Mar , 2007)
Apr 25
New Home Sales (Mar , 2007)
Apr 25
Beige Book (Mar , 2007)
Apr 26
Jobless Claims (wk4/21 , 2007)


GrowMoney Growth Fund

CSC
YongNam
Noble Grp
Swiber
Wilmar
SkyPetrol
Equation

Seksun was sold after it fails the breakout again last week. I am transfering the funds to other stock. Added more Yongnam when it broke out and also added Equation.

Ulu Counters (Speculative):
Jasper
PDC
AutoSys

HLG was sold into rally on last Friday.

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.

Tuesday, April 17, 2007

HSI Update


The red arrow points to 20200 to 20000 where it will be an excellent chance to go long on HSI but it powers ahead. HSI stumbled at uptrend resistance line at yesterday's closing and today's dip is natural. 20,400 is the level where HSI may seek comfort.

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.

Sunday, April 15, 2007

Sister stock trading

Swiber and Swissco playing like sister stocks. I personally like to trade on stocks like this. If you compare the 2 charts, you will find that it has the same pattern. Why do they have the same pattern and price actions? My dear friends, stock market is a very complex place and I leave it to your imagination what had happened as I only dare mention behind closed doors.. keke


Swiber: A reminiscence of Cosco. I received question why am i holding on to Swiber ? Other than it's in the sector which I am in favour of doing well this year, simply the stock didn't break the trendline. I have said many times, technical analysis is not difficult. It is only difficult if you are trying to find the holy grail. The experienced ones will tell you, no way would you find a sure win T.A reading. The simpler you use T.A, the easier it is. If you don't see an obvious positive sign, just sit aside. Jesse Livermore said, " Only fools believe they should trade daily, big money is made by sitting tight" However, Livermore is only half right..... capital market has become global and more volatile than his time. I personally have friends who are very good at contra and making money intraday. I wish I could join them, but realistically speaking, I do not have the time to sit in front whole day and monitor the prices. Hence I would be a pig waiting to be slaughtered and it will be a sure way to decapitalise my account



Swissco: Look at the similarity between the 2 stock.

GrowMoney Growth Fund
Cash:
CSC
YongNam
Noble Grp
Swiber
Seksun
Wilmar
SkyPetrol

UnionMet was thrown out on 13th Apr after the disappointing results and it broke it's support.

Ulu Counters (Speculative):
Jasper
HLG
PDC
AutoSys

CPF:
SPH
Asti

I won't be showing price levels anymore because many people are guessing my networth when they saw my last portfolio before I liquidated during the Feb meltdown. keke But if you die die must know, you can follow everyday when did I buy and when did I sell and do a cross check on the price on that day. :P

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.

Friday, April 13, 2007

Penny Stocks rule

I remember posting the key takeaways from an investment talk which I was part of. Construction was mentioned together with gas and oil plays. It is no surprise we are going to see new highs for construction companies again. While I miss their growing up days, after I reset my portfolio, i began to build around this sector. The current theme seems to be ulu stocks... stocks that are very very cheap and they breakout like crazy. Trading these stocks need to be nimble. Index tanked more than 1 percent and yet my portfolio made money. This is because I had stayed away from index stocks prefering to focus on the construction sector where my portfolio is at least 50% vested.

Alot of people has been asking me why do I blog so infrequent these days. Super busy these days running around. But here i am again! :D haha And not forgetting the quickpicks!!! :D

Yes my UnionMet reported a set of lousy report. Let's see do i need to cut position tomorrow. I am still holding onto sicksun read Seksun. Nothing bearish so got to hold and wait.

Did i buy Utac despite highlighting it is a good risk reward trade? No I didn't. I bought Wilmar instead on that day. I never like Tech stocks, they seems to be one day wonder... but look at Utac today... !@##@$# no choice, i cannot be everywhere.

GrowMoney Quickpicks
Kingwan
Lottvis
Chinasky
CSC
ZhonguoPowerplus
Yongnam

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.

Tuesday, April 10, 2007

Market at new highs again

Market made new highs. Along the way, i managed to grab a few counters on the way up. It was a fantastic Monday where market went up at least 50 points. However my counters did not move. Infact they moved last 2 weeks and this week they simply rested. This is a sign of rotation. It seems like market is rotating it's way up. Properties, Hotels, Banks, ChinaStocks, Energy alternatives, Constructions took their turn. Tech stocks to move next??? Water stocks maybe? Somehow there seems to be positive newsflow coming from that sector. Also to note, penny stock are hogging the top volume. It will be rewarding if you picked the right one and it can easily double in value.

GrowMoney Growth Fund
CSC
YongNam
Noble Grp
Swiber
Seksun
UnionMet
Wilmar
SkyPetrol

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.

Tuesday, April 03, 2007

STI Rising Wedge Negated

We broke out of STI's rising wedge formation and it will be good if we can close above it by Friday. We are now very near it's apex and this formation should be negated. Market direction currently points up, pretty inline with global markets.

Never argue with the market. I will never forget this important philosophy in trading. When I was wrong twice in March about being bearish. I wasted no time in dumping the PWs and went long. Loads of philosophies in trading are very useful and somehow, they are already well drilled into me after so many years. Gosh, time really flies, getting older and older, soon no more late twenties! cham ah! hahaha

I fancy the charts of UTAC, very close to it's 20 days' low, pretty good risk reward to the upside.

GrowMoney Growth Fund
CSC
YongNam
Noble Grp
Swiber
Seksun
UnionMet

Today bought UnionMet after I think it is a normal pull back after a breakout.

The popular Cracking the Stock Market Code is open for intake 11! lai lai interested party please get more information from www.chartnexus.com/events. Just a side note, if you been following my blog, you should know i am very direct and straight forward in trading. Hence when I deliver the course, it is delivered to you in the same simple and straight forward manner with no beating about the bush. The lessons are very practical to Singapore Market and you get a headstart by knowing what works and what doesn't. Feel free to chat to any one who attended this course if you are hesistating. If you always wanted to know how come my quickpick list has a certain degree of accuracy, this is the course to learn it. What's more, it's cheaper than a contra loss! :D

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.

Sunday, April 01, 2007

Market ignoring all the bad signs

Shifu notified me a very important sign, I been too blinded by the movement to miss it. That is, market has been ignoring the bad signs and keep heading higher. This is abnormal. Hence precaution is needed.

I was all ready to bail out of my portfolio as my anticipated pull back happened mid week. However, it merely retraced one day and rebound back up.

If window dressing does happen, we should have a few up days this coming week and after that, be very careful. It is exactly this period, April, alot of money is lost. Let us see how the week will start.

GrowMoney Growth Fund
CSC
YongNam
Noble Grp
Swiber
Seksun

*After losing 2 rounds from Put Warrants, I turned long 2 weeks ago and started creating my GrowthFund again. Huat ah!

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.