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Beware - Do not own the stocks i am eyeing
2009-09-16 15:54:00
Tonight I present something that has been missing from this blog for a long time - GrowMoney QuickPicks. Please pay special attention to these stocks because these are the stocks i am eyeing. At this stage, you do not want to hold the same stocks that i am in because i am not at the best of my luck. Thus good luck to you if your stocks is one of the following.... haha GrowMoney QuickPicksAusgrpBakerTechCDLHTrustF&N China SkyEpureJiuTianLiHengOther than F&N, the rest are pennies. I think the play is still in the pennies. The fact that the bluies are not running is still a warning to me. My strategy is to long just one of them.... this first win is what i need to know that i am on the right track. China pennies are particularly cute because of their National holiday is coming and also upon seeing HSI breaking key resistance. Having said that, isn't it wierd? With FTSE and HSI breaking into new highs... Nikkei and Dow still ai mai ai mai.... Bluechips really is lacklust...
More About: Stocks , Beware

Market Tangos Sideway
2009-09-15 16:22:00
Market continues to tango sideway with the exception of Property sector still as weak. The morning gap up couldn't sustain and there was no catalyst to spark the sell-off as yet. I couldn't believe my luck when i saw that HSI will resume trading only in the afternoon. Indeed it is a grim reminder to myself to tone down and not be too agressive in trading. Why no typhoon recently and so coincident ah? I opened a position and there u go, HSI morning session closed.Anyway i am sticking to my short for now as 21k looks to be selling off everytime we trade there. Is it luring shortists? ot is it ready to kill longists? Market seems to be waiting for some news.. the better than expected US retail sales couldn't spark a rally... i need a set of bad jobs data for now on Thursday.. :PStraitsAsia: MTL level coming up... my idea is to fade the breakout. If wrong, wait for a natural reaction before somersault to long. This is because, after 6 months of non stop rally, market should take...
More About: Market , Tangos

One step at a time
2009-09-14 15:32:00
HSI on Daily, Bearish divergence warning and the MTL level on the daily chart. As we are very close to the resistance, i initiated a short position. Some of you may remember i had a short position. Truth be told, in last week's rally to test the 21k resistance, i had covered my short position with a loss. In hindsight, i should have hold. But last week's follow through buying had me fooled into thinking the market may be back to it's rotational best. How naive i was. I no care, both on weekly and daily shout weakness to me and i shall trade accordingly. Once it plunges all those losses will look small.HSI on the weekly: In what looks like a rising wedge we are seeing a bearish divergence which is a perfect setup for a sell-off. The best part is it should be happening in the next few days. Otherwise it may be invalidated. With the on-going tariffs fight between US and China, all we need is a crazy policy by either side to be the catalyst.STI: Mount. 2700 looks strong f...
More About: Time , Step

A sin called complacency
2009-09-09 17:40:00
I been analysing what went wrong and how did my 20% returns since early of the year turn flat... one of the most important reason is complacency. Complacency is just a nice ang mo word for laziness. And we know in trading which is a highly intelligent game, one cannot afford to not spend the effort in analyzing. I self sabotaged myself by watching too much TV. I even made it an excuse that i need to balance life and trading to justify being a coach potatoe. How can i expect to build a fortune from trading when i am always catching the latest HongKong Drama Serials? I wasn't like this during the good old days. Every single night i would be looking at charts and Sunday afternoons are spent preparing for the coming trading week leaving only saturday for my ex-girlfriend. If i didn't make money now is because i have deviated from what was working for me. Time to get it all back. It makes sense.... in a positive enviroment, i get positive result. When i am in a dis-empoweri...

Follow through buying
2009-09-08 16:25:00
The moment i have been waiting for has arrived. Follow through buying... once i see this sign, i know what i should do next and i promptly did it. The follow through buying in props caught my attention. No doubt i can buy it in the morning when the market is weak and soft but surely it is the strength in the afternoon that convince me that my opinion is right and thus i can only act upon the latter.I have took profit on my Wheelock.. just couldn't stand it's turtle pace. The name already said it, i was slow to realise.... Wheel lock... the wheels are locked how to run fast???? Furthermore i didn't grab it near the low and if a retracement happens, i am at a disadvantage. I grabbed Wilmar instead. The fundamentals is without saying - BAGUS! The chartwise, i always like stocks breaking into new highs in bull market because experience tells me, they tend to trade higher and higher. The expensive will always becomes more expensive. Also it is dealing with palm oil. With the...
More About: Buying

The feeling of frustrations crept up
2009-09-07 15:43:00
It's been a solid 6 weeks since i departed from Trading... or did i? Actually all this while, i have positions in the market. small but definitely vested. During my reservists and also my one week break last week, i still have access to internet and charts, just that, i couldn't be fully online thus only took a mid term view of the market and kept two positions. During last week's sell-off, the drastic decline by SSE spoil my day as i was forced to cover my long positions. Not only that, i had turned short on the HSI with the view that it is gonna see at least 19.4k but i no believe the bull is dead...thus i kept Wheelock long making the short on hsi just a hedge.. As we know by now, not only did the index tua rally, mine is the worse performing out of the property rally today. This seventh month is indeed inauspicious for me. You may think, "ok ma, just lose one position only..." I need to complete this passage with the loss i suffered on Datang Power listed in HKSE. Wh...
More About: Feeling

???? Return to Trading
2009-08-26 07:38:00
I need more time before i make my return to blogging my trading ideas again... need to re-adjust my time again... Reservist is super boring that i may have become stupid and less agile... Like i said 10 yrs ago, i can be a good citizen but i am not a good soldier. let me test my market opinion with my money and once on track then i share again. I have set the date of my return on 6th September 2009.???????????????????????????????????? ???????????????????? ???????????????????????????????????????? ??????????????? ???????DISCLAIMER: The contents in this website are for fun reading and must not be taken as a buy or sell advice. You must do your own analysis on top of my postings. By reading this blog, you agreed that i am not responsible for your trading.http://feeds.feedburner.com/blogs pot/ntBQ
More About: Trading , Return

Properties pause for a breather
2009-07-27 16:58:00
hehehe My OCO order was triggered today! Technology! Cool! For those not familiar with this, OCO is one cancel other. I had set one protective stop to protect my profits incase the price of my banking stock comes down and then a limit sell at $12.90... oh nevermind that i missed the 6 cents higher closing price..it is already good profit, i shall take it with many thanks. haha Upon close scrutiny of the chart, wah it seems like it can still climb higher.. however, no choice, country comes first.. wahahaOkie my property counter isn't doing so fantastically well. In fact it closed lower than Friday's closing. My trailing stop looks set to be triggered tomorrow if market gaps down. Unless Dow edges forward again! :D A quick screen shows that many property counters are resisted. It's about time they do so as they have been defying gravity for the longest of time. Financials is the star of today's session closing very strongly. Now that property sector has paused, if finan...
More About: Pause , Properties

Here without Ah-Gu
2009-07-26 16:31:00
I watched on as the market once again recovers from intra-day weakness and finished the Friday session on a high note. I deviated from my game plan where i would have taken profit on the banking stock which i picked up on Thursday closing. Dow didn't play punk with me on Thurs and Friday it closed strong again. I figured it must have frustrated the shortists. Once we crossed the 9k mark firmly, most bears would have to run for cover and that's what happened on Thursday night? At least this is what i think. Alright, back to my positions, i saw the market actions and somehow it prompted me to keep my positions. It looks like it's the first day of breakout and i would expect more upside for the upcoming days. Thus, i intend to set trailing stops. My idea is, if i am wrong, and the market do a sudden reversal, then at most i lose back some of my profits. But if i am right, i will end up making alot more than now. As my reservist is starting, i cannot add new positions or be...

????????
2009-07-23 17:43:00
????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ??...???????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ???DISCLAIMER: The contents in this website are for fun reading and must not be taken as a buy or sell advice. You must do your own analysis on top of my postings. By reading this blog, you agreed that i am not responsible for your trading.http://feeds.feedburner.com/blogs pot/ntBQ

Patience .... patience...
2009-07-22 02:48:00
Haiyo... yesterday i slept early to watch the solar eclipse ma! :D Once in a life time leh!Dow's 7-day winning streak really leaves one open mouth big big. By probabilities, the chance of going higher is lower without first experiencing a pull back. But pull back maybe shallow as what we seen in March. Without much negative news, i feel only normal retracement in an upward trend may happen as we go higher. The primary trend without a mistake is upwards for now. Many are talking about possible double top as we head towards last highs. I would wait to see how market trades there before i initiate any short positions. There is a time to long at support, there is also a time where u shouldn't buy at support. Same goes for resistance. When i say wait to see how market trades there, i am refering to candlesticks patterns. If i have positions, i would unload on the way up and prepare to buy back at lower levels. But since i only have 1 long position, i shall keep it. Hearsay d...
More About: Patience

????????
2009-07-20 16:17:00
????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????DISCLAIME R: The contents in this website are for fun reading and must not be taken as a buy or sell advice. You must do your own analysis on top of my postings. By reading this blog, you agreed that i am not responsible for your trading.http://feeds.feedburner.com/blogs pot/ntBQ

MacD Bullish Crossovers
2009-07-19 15:36:00
In my last posting, sorry i had to use mandarin because it is a rule for myself to alternatively rotate between the two languages and i can't seems to stop because it is so fun! I remembered last time when i was still an active trainer, my pet phrase is, "Trading must be fun, making money in the stock market must be fun, otherwise you must be doing the wrong things!" How true! Think about it, how many of us have read it or heard about it somewhere where the world's richest people are doing things they love to do. Logically speaking, how can anyone excel if they are not having fun in doing the things they are doing? No wonder 90% of the market participants are losing money. Many came with the mindset to make money.... alas they forgotten that they should be focusing on the process of making the money. Once you get the process right, money is the reward. Money is the result of your analysis. Michael Jordan knows he needs to shoot basket inorder to win championships... he trai...
More About: Bullish , Crossovers

?????????
2009-07-15 13:16:00
????????????????????????????????????????? ?????????????????????????. ???????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ?2424???????????????????????????????????? ??????????20?50????? ???????????????????????????????????????20 ?50?????????????????????????????????????? ????????????????????????????????????????? DISCLAIMER: The contents in this website are for fun reading and must not be taken as a buy or sell advice. You must do your own analysis on top of my postings. By reading this blog, you agreed that i am not responsible for your trading.http://feeds.feedburner.com/blogs pot/ntBQ

When what was supposed to be ends up not to be
2009-07-14 15:50:00
Tossing and flipping on the bed... the night was really uncomfortable... i staggered out of bed to check out the bathroom... took a glance on the clock.. 5:11am! Wah not enough sleep again.. as i age, i notice i am waking up way too early as if i don't need longer hours for sleep. I checked Dow and to my horror.. +185 pts up... I lie back on the bed and couldn't help imagine the worst case scenario of my stocks. There is not way I can fall back to sleep anymore. Stupid treacherous market. Even if you turn back the time, i would still think Asia was already there, broken and ready to nose dive to the south.....alas Ms Whitney had to upgrade Goldman on this night. Totally reverses the bearish sentiment.Much to my surprise... the market did gap up but i came out just slightly worse off. Look around... most stocks did not break previous high? most stocks end the day with black candles? Those supports and resistances that i am eyeing are still intact? What about my positions? O...
More About: Ends

???????
2009-07-13 15:59:00
??????????????????????? ????????????????????????????????????????? ??????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ???????????????????????????????????????DI SCLAIMER: The contents in this website are for fun reading and must not be taken as a buy or sell advice. You must do your own analysis on top of my postings. By reading this blog, you agreed that i am not responsible for your trading.http://feeds.feedburner.com/blogs pot/ntBQ

Awaiting the mother of all triggers
2009-07-12 15:53:00
I find blogging in mandarin getting more and more interesting, now i can write at a much faster speed. It's like re-learning mandarin all over again. Quite fun actually. It gives me a new reason to blog....like a second life! hahaThe rebound due to the clarification of the tax rule did little to calm nerves in the market. I am wary of a big rebound since we are trading at 50-day ma... however, many charts have since made a lower highs, plus the dreaded bearish crossovers over MAs. I favour downside more than upside from here. Dow was unable to trade back above 8250 and that is a weak sign to me. In the Ang mo charts, one can easily see weakness written all over. All these can reverse if there is a powerful rally that pierce the 20MA... otherwise, so long market is below it, i will stay short.Frustratingly, STI looked strong.. while many regional markets had fallen...i wonder why our market is keeping up the pretence... one can almost feel the invisible hands at work.. U look a...
More About: Mother , Triggers

????????
2009-07-09 15:48:00
????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ??????????20?50??????????????50?????????? ?????????50????????20?????????????????20? ????????????????????????????????????????? ????DISCLAIMER: The contents in this website are for fun reading and must not be taken as a buy or sell advice. You must do your own analysis on top of my postings. By reading this blog, you agreed that i am not responsible for your trading.http://feeds.feedburner.com/blogs pot/ntBQ

Did you see what i see?
2009-07-09 09:33:00
I saw: black white black white black white black white in the box... Dow is doing a roulette with us? :DDISCLAIMER: The contents in this website are for fun reading and must not be taken as a buy or sell advice. You must do your own analysis on top of my postings. By reading this blog, you agreed that i am not responsible for your trading.http://feeds.feedburner.com/blogs pot/ntBQ

Managing my risk in this falling market
2009-07-08 14:35:00
Properties actually looked quite firm yesterday as they did not crash through the key support levels. But the news abt tax on capital gains spooked the market. Ok, i am not short on properties and thus didn't benefit. But the cake sim part is when u see the rest of the market falls like a rock and ur stock goes up! DBS! I had great plan on how to make big bucks trading DBS. Waiting to hoot at the breakout and then cover back only to short again at the re-test. I covered DBS near closing because i didn't like the high volume and the resiliency it shows in a falling market. This is confirmed with the other two banks which also closed higher off the support. Now i have to devise another plan to benefit from this falling market. Which i did so in the afternoon.I went short S&P futures with an opinion that the head & shoulder patterns i saw all over the place is going to drag the global markets lower. I see more downside than up even if there is a rebound, i suspect th...
More About: Market , Risk

?????????
2009-07-08 07:54:00
????????????????????DISCLAIMER: The contents in this website are for fun reading and must not be taken as a buy or sell advice. You must do your own analysis on top of my postings. By reading this blog, you agreed that i am not responsible for your trading.http://feeds.feedburner.com/blogs pot/ntBQ

??????
2009-07-07 15:39:00
????????????????????????????????????????? ??????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ??????? ????????????????????????????????????????? ?????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ??????????????????????????????????2240 ????2180??DISCLAIMER: The contents in this website are for fun reading and must not be taken as a buy or sell advice. You must do your own analysis on top of my postings. By reading this blog, you agreed that i am not responsible for your trading.http://feeds.feedburner.com/blogs pot/ntBQ

50 DMA is the key level
2009-07-05 17:07:00
After my studies, i realised 50-dma seems to be the key level for the market this week. There are stocks trading right at 50-dma, some infact broken and many others still slightly above it. God knows what will happen if those above catches up. Is the market setting up for big crash? Earnings will kick off soon and after a dismal job loss report, the market seems to be anticipating to sell off any sign of weakening quaterly reports. If the earnings come in better, it may be the perfect ingredient for a rally.Dow's 8250 maybe the confidence the market needs... both S&P and it has a Head and shoulder lookalike which echoed some of the stocks in the SG market as well. Nan dao... this time i hoot tio seh? keke I am also looking at HSI at 17,300 and how Nikkei trades 9.5k.N.Korea fires missiles to celebrate independence day with defiance. Back in 2005/06, market always react negatively to N.Korea's actions for fear of a war up in the North. Recent test fires has been largel...

Market barely clinges on...more downside to come?
2009-07-02 16:11:00
It wasn't comfortable yesterday. The market rebounded ferociously against my short position and while stop loss was not hit, sometimes you are tempted to just cover the position and stand aside. With only 1 short position, i can afford to take the risk and hang on to the position. This is not blind faith and certainly not based on hope analysis. This is risk management couple with T.A. What i saw in that rebound on Wednesday is the light volume. I just can't believe the rebound can sustain on a very obvious light volume. Resistance still holds while we rebounded with light volume. What happens there and why the light volume, this i won't know. Livermore couldn't have said it better, the why usually will be answered after the move has started.It was satisfying to see market tanks in the afternoon. However it all points to nothing if we don't close lower by Friday. Because from where the technicals are showing, naturally it should falls lower. If we trade higher on Frida...
More About: Market , Barely

June is over
2009-06-30 14:01:00
The boring June is over! On this very last day of June... instead of finishing strongly, we were unable to close higher and infact mercilessly sold down near closing. This could mean funds already undressed? hahaha STI though was held up by invisible hand... this could be to squeeze index shortists over at the futures market. Broadbase market looks weak and were unable to clear resistance. I choose to square off my long and turn short right here. It has been bugging me for much of the day. All the resistance levels were screaming at me. As i see the falling market, charts after charts, they seems to be ready to plunge down. It is indeed ugly and i do not like the fact it doesn't trade higher today. Lower highs is very obvious and i thought i saw some head and shoulder patterns potentially forming... once those breakout, i think ripe for coming off.Hum ji is tan bo jiak one. No care, i will just short one position and take it from there. Technically, it is a sell signal, t...

Show me the volume
2009-06-29 15:09:00
A super quiet session... very light... that's why we see the price swings up and down easily. Nothing conclusive from this session.... the waiting game continues...The next direction with volume should indicate where we are heading. As of now, long or short may make peanuts... but when the direction suddenly breaks out, i may lose more than those small wins. I rather be patient and wait for a clear chance. I was tempted to initiate a short position in "anticipation" of a weak market going forward. My friend reminded me that it doesn't pay to be hero at this stage. With such light volume, market can go either way and i will get whipsaw out.Weather is so different tonight as compared to the last few days.. it is so cool. My senses tell me the temperature is perhaps at a comfortable 28 degrees tonight. If only Singapore is always this weather, how nice. Perhaps this is the type of market where traders can take some time off the market and relax. A sms disrupted my peaceful n...
More About: Show , Volume

Bye bye Michael Jackson
2009-06-28 12:53:00
The world lost it's greatest pop star Michael Jackson ... this legend really took the world by storm and through his popularity i saw what stardom is really about. Simply awesome. Growing up in the 80s... no way you will not hear about him. No matter how hard other stars try, he is still the only one whose music and name bring together different race, differnt country. His energy on stage is infectious. Though not a big fan, but i remember Tony Robins in his tapes mentioned Michael's success wasn't by chance.. he worked hard to achieve it. He knows what he wanted, he worked till he gets there. If only i can keep up with his kind of dedication, discipline and passion.... my dreams will come true too. *snap* Get on with market!Was last week's weak closing due to the usual Friday weakness? Or was it a warning to what may lie ahead. This is the pop-up that i had anticipated since last week. The weak closing spoil what otherwise i feel maybe a good chance to scale 2400. Furth...

Weekly versus Daily
2009-06-24 15:02:00
On the weekly chart, it still points to more downside. However the daily chart looks like turning. This is a very good level for the market to turn upwards. A quick screen on the market reveals that the volume still ain't returning as yet. So long you didn't buy at the high, i'm sure despite the swings in the market, the current price should be still around your breakeven price. I am also seeing a good chance for the market to bounce from here. The next 3 sessions will be key. I would be particularly interested to see the market close higher in the next 3 sessions. Otherwise we may plunge further.Sector Analysis: After rounds of selling... two sectors stood out from the rest, properties and commodities. As we see the index falls lower and retest 2210s to 2230s level, only properties and commodities showing similar actions as depicted. Both sectors retest lows while the rest lower lows. Hence these are the two sectors i would be more interested in.DISCLAIMER: The contents...
More About: Daily , Versus , Weekly

Late sell-off
2009-06-22 15:17:00
I thought my gut feel proved itself when market got off to a roaring start in the morning and early afternoon. Alas, market shows that it takes more than gut feel to make money off it. I read with interest my post last night on how i refused to trade on my gut feel... indeed it pays to follow the market instead of placing my bets on where it will trade. Livermore said, "Ask not where the market is going, but ask what you will do when the market gets there". Very wise words. It had helped me at times when i feel confused about the market just like now. Ming ming it looks like it's going higher, but why the nasty late sell off? What am i missing here? The volume again in today's sell off is light which means to me, less significant. Fed's meeting may turn out to be a non event unless he really do the impossible: hike the rate. All other econs data may just be the excuse to move higher. Nan dao, market consolidates first and leave some room to cheong once data confirm the st...
More About: Sell , Late

Next upward wave coming?
2009-06-21 15:44:00
As planned, the mid-week rally saw me cutting down from 3 long positions to now 1 long position. Those two that are i cut were at a loss. I learnt to take small losses first instead of being stubbornly and painfully wrong. I mean it is clear to me that those buy signals didn't work and from my experience they may point to more downside. More downside doesn't mean the bull is dead, it simply means i may be too early. There is a SIGNIFICANT difference here i would like to share. The buy signals i used to trade was when the economy is doing well and is still booming... the recent buy signals were from a time when there is still much uncertainty about the economy. Simply said, the pull back can be pretty deep as compared to that of the bull market. Hence, i opt to reduce my risk exposure. If everything is fine, i can always add on to longs. As of now, if even this one position turns out to be a bad trade, the market may head lower.My anticipation of the coming weeks is perha...
More About: Wave