SGX Warriors WatchBlogs:

Singapore market news on 21th May 2012

noreply@blogger.com (SGX Warriors) — Mon, 21 May 2012 04:48:00 +0000

Selling has finally come to a stop after Singapore index had made 8 consecutive days of lows. We do expect a brief support at 2750 for the time being. Please do expect market to remain choppy for now so it is advisable to stay sideline for the time being to determine the direction of the market. Currently, it is more bearish but still more evidence is needed before we can concluded that the selling spree is over. Sentiment --> Bearish

Singapore market news for 16th May 2012

noreply@blogger.com (SGX Warriors) — Wed, 16 May 2012 06:25:00 +0000

Previously we mentioned that sentiment is neutral with more biased on the downside. Asia’s stock markets tumble hard after Greece fails to form a unity government, raising euro jitters. This adds on to bearish sentiment. Resistance established at 2870. A few bearish stocks are on our watchlist, mainly Golden Agri, Biosensor and SembCorp. Sentiment --> Bearish

Singapore stock market for 8th May 2012

noreply@blogger.com (SGX Warriors) — Tue, 08 May 2012 04:00:00 +0000

Market suffered more than 2% drop yesterday after poor US data and Euro elections. We believe market will continue to be choppy while range bounded. Support is seen at 2900 for now with resistance at 2950 temporarily. We need to observe how market will trade in following days to determine the overall direction. Sentiment is neutral for now with more biased on the downside. Sentiment --> Neutral

Singapore stock market for 9th April 2012

noreply@blogger.com (SGX Warriors) — Mon, 09 Apr 2012 02:10:00 +0000

Market broke down 3000 support which we believe had already turned resistance. Currently, market sentiment is bearish. Consumer price climb a faster-than-expected rate in March, accelerating from 3.2% in February for China economy. Support at 2900 and resistance at 3000 for the time being. We have to take note the the sentiment for this few days...

Sentiment --> Neutral

Singapore Stock Market on 30th March 2012

noreply@blogger.com (SGX Warriors) — Fri, 30 Mar 2012 07:05:00 +0000

We expect market to be trading range bound from here onwards. 3000 serves as a good support at this level. Market will be choppy so active traders will want to stay sideline for the time being.

IPO Cordlife performed well above the market sentiment. Lookout a break through at 0.795. Stock can propel after breaking.

Sentiment ---> Bullish

Singapore stock market on 14th March 2012

noreply@blogger.com (SGX Warriors) — Wed, 14 Mar 2012 02:14:00 +0000

Market managed to break through 3000 resistance, marching towards 3031.45 created on Feb 21 2012. We expect market to consolidate again after good move today, all thanks good news from the US market. US government reported retail sales jumped in February. Asia stocks rises sharply, most led by the bank stocks.

Bank stocks are close to the high created. UOB hit high of 18.42 while DBS hit high of 14.53 and OCBC hit high of 9.01.

Watch out for the bank stocks as they might be the next leaders to lead the index climbing higher.

Sentiment --> Bullish

Singapore stock market 9th March 2012

noreply@blogger.com (SGX Warriors) — Fri, 09 Mar 2012 02:38:00 +0000

Market remains choppy after good and bad news surfaced from US and China. Greece looked set to secure enough participation in its debt swap but China's consumer price rose at a weaker-than-expected rate of 3.2% in February from the same month a year earlier.

We believe that 2900 served as a very strong support for the market and expect market to oscillate between 2900 - 3000. DBS in except is strong. It managed to break through high of 14.36. We do believe that a new bull market is at the start.

Sentiment --> Bullish

Singapore Stock Market 29th Feb 2011

noreply@blogger.com (SGX Warriors) — Wed, 29 Feb 2012 05:10:00 +0000

Happy leap day! It only occurs every 4 years. Market is re-challenging 3000 resistance point. We do expect market to consolidate from before a successful breakthrough. 2950 support seen. US stock rises as consumer confidence increases and oil prices fall.

SembCorp managed to break through resistance at 5.23. Stock could climb from this point onwards.

Sentiment --> Bullish

Singapore Stock Market News - 22th Feb 2012

noreply@blogger.com (SGX Warriors) — Wed, 22 Feb 2012 02:57:00 +0000

Market extend rally after Greek deal sealed but worries still persist. We expect market to be choppy as investors might be still jittery about the Euro-zone financial health as well as this credit rating. On the long run basis, we see that market is bullish, so investors can look to buy into the market. 3000 turned support. Next resistance turn is around 3100. Banks and property are on the focus.

Sentiment ---> Bullish

Singapore Stock Market Updates on 7/2/12

noreply@blogger.com (SGX Warriors) — Tue, 07 Feb 2012 02:38:00 +0000

Market faces updown pressure as investors turn their attention on Greece. Talks have been postponed to Tuesday as leaders are trying to come up with agreement to prevent Greece from defaulting. We expect market to be choppy at this current point so please stand sideline first. Nevertheless, we are still upbeat on the market as long term chart is showing signs of turning positive. Support at 2900. Lookout for SembCorp, Sembmarine, Venture.

Sentiment --> Bullish

Singapore Stock Market Updates on 26/1/12

noreply@blogger.com (SGX Warriors) — Thu, 26 Jan 2012 02:41:00 +0000

Happy new year everyone! Hope you enjoyed the long holidays.

Market is on the upbeat after the Federal Reserve said interest rates would remain low through late 2014. We mentioned before that if 2,800 is broken, it will turn support. As far as we are concerned, the market had rallied close to 300 points since low of 2600 created on Dec 20 2011. Therefore, a pause from the market now is inevitable. 2,900 still remains as the resistance for now. We expect market to consolidate at this point.

Sentiment --> Bullish

Singapore Stock Market Updates on 17/1/12

noreply@blogger.com (SGX Warriors) — Tue, 17 Jan 2012 01:43:00 +0000

Market recovers some losses after yesterday sell-off. Shares advance across Asia as Europe-inspired jitters ease. China economic data due. This week's inflation, housing and manufacturing reports are likely to show the U.S. remained on a modest upward track at the end of 2011. We expect market to consolidate at this current point before a breakthrough of 2,800.

Sentiment for now is neutral but biased on the upside.

Singapore Stock Market Updates on 13/1/12

noreply@blogger.com (SGX Warriors) — Fri, 13 Jan 2012 02:49:00 +0000

Asia stocks rise after successful European bond auctions and comments from the European Central Bank help alleviate some euro-concerns. We are still cautious with the market performance and uncertainty still clouds the market. More shares are slowly turning positive which signify market maybe turning positive. Meantime, please be nimble or stay sideline as market is currently choppy. Resistance at 2,800.

Sentiment --> Neutral (slightly bullish)

Singapore Stock Market Updates on 6/1/12

noreply@blogger.com (SGX Warriors) — Fri, 06 Jan 2012 06:49:00 +0000

Market retraced after past up sessions. We expect market to consolidate before a trend starts. At current point, we advise staying sideline as market shows great uncertainty, mainly in the Euro zone as well as good news from the US.

Sentiment --> Neutral

Singapore Stock Market Updates on 28/12/11

noreply@blogger.com (SGX Warriors) — Wed, 28 Dec 2011 07:30:00 +0000

Market trades cautiously before ending 2011. We expect volume to pick up after New Year. For conservative investors, we advise to stand on the sideline for now as market has no direction. What we are sure is that 2,700 is a strong resistance.

Sentiment --> Netrual

Singapore Stock Market Updates on 21/12/11

noreply@blogger.com (SGX Warriors) — Wed, 21 Dec 2011 03:25:00 +0000

US market rally after a solid report on November housing starts. Asia market join in, with strength for exporters and resource firms, as renewed optimism about the health of the global economy boosts risk appetite.

However, Bank of Japan says economic recovery 'paused' and keeps policy rate unchanged. We suggest investors to stay sideline for the moment as market tends to be very choppy. With great uncertainty lying ahead before 2011 ends, we believed that market is consolidating. On the long term chart, market is pointing on the downside with resistance at 2700. A break down of 2600 will mean more downside for the market to challenge 2500.

Sentiment --> Bearish

Singapore Stock Market Updates on 13/12/11

noreply@blogger.com (SGX Warriors) — Tue, 13 Dec 2011 05:38:00 +0000

Asian shares slides, with exporters and technology firms putting in a weak performance. Stocks in the US market decline after Moody's Investors Service said it would review the ratings of euro area countries.

We did mention before that market is likely to be choppy and we do expect wild swing from the US market. 2800 is a strong resistance level. As market is more biased on the downside, we see resistance level at 2750 as well.

Market gaps down and trades below 2700. If 2700 cannot be reclaim, 2700 might have already turn resistance.

Property sector, in particular, is bearish after government introduced a string of cooling measures.

Sentiment --> Neutral (biased on the downside)

Singapore Stock Market Updates On 7/12/11

noreply@blogger.com (SGX Warriors) — Wed, 07 Dec 2011 01:50:00 +0000

Asian shares rise, with optimism returning ahead of this week's crucial European meetings after a report that a second rescue fund may be available. Market tends to be choppy. Light volume is expected during last month of the year as most fund managers are off the desk.

2800 is the resistance for now. To observe whether 2800 will be broken eventually and sustainable.

For investors that have no positions currently or no time to monitor, standing sideline is the best option. For those that had positions, please execute cautious and leave the market fast when due course.

Sentiment --> Bullish

Singapore Stock Market Updates On 1/12/11

noreply@blogger.com (SGX Warriors) — Thu, 01 Dec 2011 02:06:00 +0000

Asian market join in a global rally as the central banks of the US, euro region, Canada, the UK, Japan and Switzerland agreed to cut the cost of providing dollar funding via swap arrangements, the Federal Reserve said, and agreed to make other currencies available as needed.

DJ had their best performance, soaring closing to 500 points, closing above 12,000.

For local market, STI managed to trade well above 2700, affirming that the break down of 2700 previously was a false alarm. We can expect market to trade above 2700 for now till year end but do bear in mind that market is still in downtrend for the long run. Any buying opportunity are short term and should be executed carefully and nimble.

Sentiment --> Bullish

Singapore Stock Market Updates On 25/11/11

noreply@blogger.com (SGX Warriors) — Fri, 25 Nov 2011 08:22:00 +0000

Market gapped down, with energy and banking stocks notable decliners, as ongoing concerns over Europe's debt crisis kept investor sidelined. As we are getting closer to year end, do expect that market volumes will be lower. However, with Euro crisis in the focus, we do expect market to be on the downside. Any long positions shall be traded with extra care.

Sentiment --> Bearish

Singapore Stock Market Updates On 21/11/11

noreply@blogger.com (SGX Warriors) — Mon, 21 Nov 2011 07:52:00 +0000

Asia shares lose ground on concern over Europe's debt troubles and lack of a US deficit deal. We did mention that a break through of 2750 will represent that market will head down even lower, testing 2700 support. From what we observe, market tested 2700 but bounced back. We expect market to be on the downside. Therefore, a break through of 2700 will be inevitable.

Sentiment --> Bearish

Singapore Stock Market Updates On 10/11/11

noreply@blogger.com (SGX Warriors) — Thu, 10 Nov 2011 02:26:00 +0000

Asia markets sink, as rising Italian borrowing costs wash fresh waves of anxiety about the euro-zone debt crisis over the region. Italy on the brink as bond yield tops 7%, a day after Silvio Berlusconi is effectively forced to commit to stepping down.

Singapore market gapped down and traded below 2800. Support level of 2750 and 2700 shall be viewed carefully. To sum it up, lookout for 2700 (important support)

For conservative investor, please stay sideline as market tends to be very choppy. We expect wild swings coming for the next few sessions as all eyes are looking at the development of euro crisis.

Singapore Stock Market Updates On 2/11/11

noreply@blogger.com (SGX Warriors) — Wed, 02 Nov 2011 06:13:00 +0000

Despite sell down on yesterday US market on Greece crisis, Singapore market managed to eek off gains. On short term basis, we expect market to be on the upside. However, do take note that long term basis, the market is still down but is under going a transition period of turning bullish, in other words, uncertainty still persist in the market. Expect wild swing on the up and downside.

For conservative investors, standing sideline will be the best choice for now. Any mid term positions shall be watched closely, together with the market sentiments.

Singapore Stock Market Updates On 28/10/11

noreply@blogger.com (SGX Warriors) — Fri, 28 Oct 2011 02:30:00 +0000

Market finished positive yesterday with heavy volume of 2.3244 bln traded, up 77.63 points. Market successfully broke through resistance of 2800, marching towards 2900. We do expect a brief pause before market break through 2900 again. New support at 2800 is formed. We mentioned before that market will be bullish if it manges to break through 2800. Therefore, our current sentiment is bullish.

However, please be mindful of the Euro-crisis.

Stocks that are strong --> Biosensor

Biosensor is trading near high of $1.41. A breakthrough of $1.41 will indicate strength for shares. Suggest to buy at $1.415.

Stocks that are strong --> Jardine C&C

Jardine C&C is trading near $47.50 which is a second resistance level. A break through of this level may indicate that stock will be going higher. However, please be mindful of resistance level at $50.06. (Blue Chip stock which might influence the STI index)

Singapore Stock Market Updates On 24/10/11

noreply@blogger.com (SGX Warriors) — Mon, 24 Oct 2011 02:42:00 +0000

Market gapped up to open high after strong finish last Friday on US markets. Investors cheered after European leaders said they are making good progress on a rescue plan and should be finalized at Wednesday EU summit.

We expect market to consolidate at this point, retesting resistance of 2800 again. Looking at the current sentiment, market is turning positive. High chance we might see a break through of 2800. Therefore, our current sentiment is still neutral, waiting for a possible break through of 2800.