STI chart as of 19 Jun 18

STI – down 9.4% since 2 May. Correction coming, or buying opportunity? (19 Jun 18)

With reference to my market outlook HERE posted on 11 May 2018, I mentioned at that time that I  have started to sell into strength, as I am cautious on the overall market. I updated on 30 May 2018 (click HERE) that STI is likely to trade sideways with downward bias. Separately, my clients would have been notified on 12 Jun 2018 morning that I have already reduced my percentage invested to approximately 40% as I believe market is likely to trend downwards in the next couple of weeks. In the span of four trading days, STI has dropped 148 […]

Table 1_Top five stocks with the highest estimated total potential returns 30 May 18

STI slumps 198 points after hitting a decade high of 3,642 on 2 May! (30 May 18)

With reference to my market outlook HERE posted on 11 May 2018, I mentioned at that time that I have started to sell into strength, as I am cautious on the overall market. Clients would have been aware / notified that I have already reduced my percentage invested to <60% early last week. STI has since dropped 126 points from 3,570 on 11 May 2018 to close 3,444 on 30 May 2018. For those who wish to accumulate on weakness, I have compiled a list of stocks here, using Bloomberg’s data as of 30 May 2018. The criteria for compilation […]

S&P500 chart 11 May 18

STI notched a ten year high on 2 May – is it a screaming buy for all SG stocks (11 May 18)

Dear all, Dow has logged a seventh consecutive rise and small caps as measured by S&P600 index have just closed at a record high as of 11 May 2018. Our Singapore market has also done us proud too by becoming Asia’s best performing equity market on 2 May 2018. In view of the above, is it a screaming buy for our Singapore market, especially our small caps which have under-performed? Let’s take a closer look at the charts and my personal action plan.   S&P500 closed 2,728. Day range 2,717 – 2,733 Based on Chart 1 below, S&P500 seems to […]

Venture anr 24 Apr 18

Venture approaches bear territory! Should we sell? (24 Apr 18)

Dear all, Venture has entered into bear territory after dropping 21% from an intraday high of $29.65 on 13 Apr 2018 to close $23.40 on 24 Apr 2018. What should we do? Let’s examine the chart and some noteworthy points on Venture.   Chart analysis Based on Chart 1 below, Venture’s chart seems to resemble a bearish double top formation. The break below its neckline $26.95 points to an eventual technical measured target $24.60 which is already attained today. 20D, 50D and 100D exponential moving averages (“EMA”) have started to turn lower amid the sharp drop. Venture closed below its […]

Table 1_Top five stocks with the highest estimated total potential returns 21 Mar 18

S&P500 – closed below its 200D EMA – a 1st since Nov 2016! (23 Mar 18)

Dear all, Previously, I mentioned in my write-up dated 21 Mar that I am avoiding the event risk of the U.S. tariff package against Chinese (click HERE). This proves timely as S&P500 fell 129 points, or 4.7% from 2,717 on 20 Mar to close 2,588 on 23 Mar. At 2,588, S&P500 has made its first close below its 200D exponential moving average (“EMA”) since Nov 2016. Why and how is this significant?  During the sharp 10% drop in the first part of Feb 2018, S&P500 has not closed below its 200D EMA. Furthermore, most technical analysts are watching this level […]