Posts

Showing posts from 2014

FX Trading Over the Last Few Days

Over the last 4 days, i went back into fx and funded a tiny account.. it was really fun and intense and I thoroughly enjoyed while mentally shagged. While the objective is to make money and test my setups and to check if i manage to grapple the emotions side, it got the better of me again in the defining last few trades when i risk more than 7-10% for 3 trades after an EIT(buy became short) which I lost and panicked and elimanted all my gains for my last few days and I decided to call it a day after my balance went from -25% to +25% and then to BE. I did close to 50 trades for the last 4 days with a 60% accuracy of profitable trades and with that statistics , I expected myself to do much better than breaking even. I am rather fortunate that I didn't incur losses in the end(even though is a small account). Some take away for myself... 1) Risk management : If you can't handle risk, don't bother trade fx. Stick to your desired SL no matter. I don't have a harsh rule o

Airline stocks : Benefiting from lower oil prices (Duh)

Image
1055.hk - China Southern airline and a few other airline stocks appeared in today's HK scan. Plotted the 2 chart of airline stocks. Of course, our very own SIA has been doing fantastic as well..fast approaching its 12 dollar ,its 3 year high resistance level. Not forgetting tiger, which showed signs of bottoming as well.. A huge chunk of airline operational costs come from oil and its expenses. If you alr have stocks like Kcorp, SembCorp Marine and ezion etc, instead of conti nuing to buy on dip on these oil dependent stocks like keppel, semb marine etc, why not take on the different approach and look into airline stocks - natural hedge at current conditions of the oil. In short, technicals of airline stocks does exhibit some forms of bullishness in this sector contrary to the oil rigs/explorations stocks.  IMHO, if the ME/Saudis want to recapture market share from the US shale companies, it will surely be a long dragging battle before they eventually got shake out and

On the Hongkong and China Market

Image
2827- an ETF that tracks China CSI 300 has been on impressive gains along with the HongKong market (Duh). With the connectivity between them and HongKong now, any sneezes that is felt in China will be even more sensitive to the HongKong market from now on. 2827 will give investors the needed exposure to invest in their Index. I have also drawn the key support lines of both the SSEC and 2827.hk The China Index reaches 6k points back in 07, right now we are at 3k pts. The question is whether their government/exchange can revive this sleeping giant and get retailers investors to start investing again. The table below shows the dates when the China index had a 5% or more correction. The first column shows the date. The second shows the magnitude. The third column shows the return of the index in the corresponding day and the fourth column shows the return in the next month. While the table does shows a skewed positive bias return on the following day after a more th

HK market update - 12/8/14

Image
More financials stock that approached very key resistances and significant level. Bank of Chongqing Co Ltd, 1963.hk- IPO was @ 6 dollar HKD in 2013 Oct before it plummet to a low of $4.65. Currently, share price had revisited back its IPO price level. Expect resistances to break as well. CHONGQING RURAL COMMERCIAL BANK - 3618.HK also had significant increased volume activities today. I see very strong support @ 4 dollar level and a mid term resistance @ around 5 dollar. Watchout for flags.

HK update 27Nov

Image
Hongkong financial stocks did really well yesterday. 2822 and 2823 which has high weightage on financial stocks both showed showed significant trading volume. Judging from the past volume as compared to half a year ago, we see increased trading volume in these 2 etfs and both ETF had just broke their significant resistance level at $10 dollar. More upside ahead? Perhaps...could it be the beginning of increased volume activities from the connect? Lastly, a penny play on 0024.hk to monitor tmr -  Burwill Holdings Ltd (0024.HK) Quote| Reuters.com 10 more days to CFA!

0300.HK - Trading idea for 26th Nov.Hk Mkt

Image
From marketinout.com Looking very good! 0300.hk! its hourly chart

Update 25/11/2014

Since my last update on CGS, CGS has rebounded sharply as price increase more than a dollar since it reaches a low of 6.20ish as it was sold off on news after the ShangHai-Hk connect last Monday. However, the inclusion of CGS into MSCI China and the interest rate cut on China have ensure that CGS price trend continues. I will still be looking for any potential retracement @ around 6.20-6.40. The rebalancing in the MSCi index is on 25th Nov, after market. On the oil sectors, I suspect that a recovery could be due. Looking at the crude futures, there is a possibility that the oil futures are being oversold. In the last 2 weeks, we see no follow through in the oil futures prices. In fact, oil futures actually performed slightly better after the heavy volume as seen in the chart. Please refer to this - http://futures.tradingcharts.com/chart/CL_/ From a chart perspective, this  will be strength as long as oil futures don't break below that particular zone after witnessing the high vo

CGS - China Galaxy Securities

Image
I have been focusing more on the HK market for quite sometime and I must say CGS- China Galaxy Securities aka 6881.hk is one of the few stocks to watch due to the SH-HK connect. With them added into the MSCI index as well, expect high to go higher! This stock has been reiterated countless times in my stocks in my facebook page. Do join if you haven't

MSCI Index - Additions and deletions

Olam was deleted from the MSCI index and suntec reit was added in. However, what interest me is this particular HK stock. CGS CGS, Aka China Galaxy Securities, 6881.HK. - A broking firm listed in HK exchange gained momentum as it was added into the MSCI - HK index. Also. with the impending ShangHai China connect, this stock could potentially be one to hold long term. A broke above $7.00 and we might see CGS tests its all time high of $7.12.

Recap on End of Oct2014

Image
It has been quite a month for the equities market....bloodshed and  massacre. In general, what I observed is that long positions that was build for the last 7-8 months had lost almost all their gains during this month. . It is even worse for market like the Singapore market where volume has been dishearteningly very low for the last 10 months. With the SGX implementing new changes and some changes that had already taken place to spur more trading activities to no avail. I think we had noticed the impact of the lackluster trading activities since the ABL saga. Furthermore, some of the implementations were definitely not welcome to a lot of "stockist" In anyway, I am not here to talk about the SGX rules and regulations. I am here to share with all of you on capitalizing the weak market structure and activities of the SGX. Aforementioned, ezra, ezion and some second liner stocks were not spared from the recent bloodbath. In addition the reasons I mentioned earlier, I think the

I know DJ is up 300 pts atm....

Image
2 stocks that I believe are in strong hands. I believe short term wise, there should be more room to go.

List of Bearish Stocks Ytd from Marketinout Scan

ADTN ADTRAN Inc. Communication Equipment Technology NASDAQ 997 19.91 BAS Basic Energy Services, Inc. Oil & Gas Equipment & Services Basic Materials NYSE 672 13.09 BCEI Bonanza Creek Energy, Inc. Independent Oil & Gas Basic Materials NYSE 2,182 37.32 BNFT Benefitfocus Inc. NASDAQ 683 24.67 BWP Boardwalk Pipeline Partners, LP Oil & Gas Pipelines Basic Materials NYSE 4,038 15.86 CASM CAS Medical Systems Inc. Medical Instruments & Supplies Healthcare NASDAQ 34 1.77 CEM Clearbridge Energy MLP Fund Inc. NYSE 24.95 CEQP Crestwood Equity Partners Lp NYSE 1,929 8.88 CIE Cobalt International Energy, Inc. Oil & Gas Drilling & Explorati Basic Materials NYSE 5,837 10.13 COVS Covisint Corporation NASDAQ 162 2.86 CWEI Clayton Williams Energy, Inc. Independent Oil & Gas Basic Materials NYSE 1,005 77.34 DBD Diebold, Incorporated Business Equipment Consumer Goods NYSE 2,143 34.50 EDMC Education Management Corporation Education & Training Servi

Bearish Sentiments...

Image
The gains from the last 10months has been erased by the fall of the last 10 days..Crazy ..isn't it.. I will continue to look for short opportunity. Attached above is a screenshot on some scans criteria that I had used MIO for filtering. If you are interested in it, I have a discount code.  This  backtest functions comes together with the subscription of  marketinout. If you are itnerested in the subscription of  marketinout, do use the subscription code :  45K2D47BXG

Courage Marine 10/10/2014

Image
paying attention to this stock...$COURAGE MARINE. shld be @ early stage of accumulation looking @ its tape. Other than that, below are the list of stocks that has decent vol which trig MIO to send me the email.

Marketinou update

Image
Firstly, finally marketinout has improved as their features allow subscriber to add their stock scans criteria to them on a daily basis. To do so, just checked the box on the screenshot below. A sample screenshot from the scan results.

Stocks Update - 9/23/2014

Image
Below are the 6 stocks that I am covering today. Looking very good for some of them, TaiSin electric to be specific. As I have been neglecting the investment blog, I will be posting regularly in the blog and will not be updating through facebook that actively for the time being.

LCD -

LCD's founders have been bought out by a Japanese company, J-Trust Asia Pte Ltd. It's parent is J-Trust Co, a listed company of about S$1.4B mkt cap involved in retail finance (much like Hong Leong Finance). As stated by J-Trust Asia, they intend to expand into SE Asia, primarily doing investment and retail finance. They've bought into an Indon retail bank last year. This is interesting as LCD is a property company. This might lead to asset sales as the company looks to transform. Today, lot of married trades were done at 29cents and 29.5cents. From the size of the married trade and according to bloomberg, only KohWeeSeng from aspial has that much of shares.(BM could be wrong sometimes) If he is indeed the one selling, than the battle could be half won from by the Japanese company. With directors in the company now, they could look to push through divestment of their own non core assets easier. Watching its development.

Stock scans 9/19/2014

Image
Haileck, Ramba, IsoTeam,Osim,ChuanHup

It so damn friggin hard to beat the S&P upon back test using Marketinout

Image
I have masked my strategies but the point that I want to make is that it is very hard to beat the S&P returns for the last 2 years. Maybe I can fine tune my backtest and stocks selections even better. I basically used some technical indicators as entries and exits and this is the result I get. This backtest functions comes together with the subscription of marketinout. If you are itnerested in the subscription of marketinout, do use the subscription code :  45K2D47BXG If you have other enquiry on it, you can drop me an email @ sgwyckoffvsa@gmail.com Cheers, Hongwei

Genting SP - How low is low?

Image
Debts...debts...and more debts....companies usually take more liabilities in hope for profitability margins in their expansions. Whether it is a Big cap or small cap (All) companies take on liabilities in promise of better prospect in the future and tap on shareholders'/debt holders wealth.Shareholders who invest in these companies got to be clear minded in one thing - Hope. I happened to attend a fundamental analysis session conducted by a trainer today and he resurfaced about Olam's woes when Muddy's water attacked them. It is a fact then that Olam's had deep rooted problem cash flow problem but shareholders continue to ignore, even the analyst. If the company were a S-Chip other than Olam who is temasek backed, the scenario today might be different. I am not critical of Temasek but I can understand "ah gong" intention of helping. I then thought of Genting Singapore, which has been the worst performer of our local stocks by fair in the last 3 weeks of tr

STI Update - 3272 points at the moment

Hi  all, Haven't been updating the blog regularly as much as I want due to other commitment. Our local market is down 40 points today, down by 1.18%. It has been awhile since our local market corrected with such pedigree. A few component stocks that I am looking and will be observing for potential rebounds... Shall update later..

Singapore Market Update

Image
Some updates on the local market : The first screenshot is a post dated on 13August on my facebook on some of the highlighted stocks then. No surprise that innovalue did so well for the last few week. Share price has rise close to 50% since my post on 13August. Other noteworthy stock will include QAF which also have some significant gains since last month. Ausgroup did pretty okay since the post but had since fallen. Yoma andCSE only moved sideway since then... Covering this 3 stocks today.... 1stly, Breadtalk ...the magnetic level of $1.30...seems to be a very strong support..do put this breadtalk counter in your watchlist. Share price has seen ran up from $1.30..do watchout if retrace..otherwise..nothing to see..buying their bread everyday. 2ndly, Excelpoint : For a long time my friend was highlighting to me its gd fundamentals. I think dividend was close to 10% last year. However, share price has since pick up. Similar to MFS tec h, innovalue...and many more who has a s