Singapore Wyckoff & Volume Spread Analysis

An update on DJI and STI since 9th feb.... DJI fails to break the 16250 resistance yesterday and was thrown back to support at around the 16000 region. A break below 15850 could mean that DJI will turn bearish again. At the moment, there are multiple support level on the DJI at around 15900 region and 15700 region. For our local index, the STI is still on a mid term down trend until the 3140 level is conquered. Meanwhile, STI has rallied close to 120 pts, 4 percent approx since the low of 2960 was reached. However, do take note that in the meanwhile, index heavy weights such as Singtel, JSH, JMH, Jardine C&C, OCBC are the main gainers throughout this minor (suckers) rally? I wouldn't be too convinced until trend channel is broken.   Do pay attention to the gap up of the STI yesterday. Suspicious gapped up with strong volume could indicate that the smart money has already left the market. Any break of recent support of the STI could means we might have potentially hit...

A good Sunday to everyone. It has been a really good year for me so far and I hope the same for everyone too! Just want to a have quick update on DJI and STI before the week ends...I haven't been updating regularly in the blog, but I been posting quite a fair bit in my facebook. If you always dwell on the daily chart, there is a slight chance that you will be missing the important details of the trades. Wyckoff methodlogy dwells on the tape, all the single transactions that makes up the candle. A lower time frame might on occasions give a better reflection on the market, but that depends on whether the lower time frame chart has signals on it. A good example will be on the chart of DJI. Smart money has accumulated on the cheap and has prevented the DJI from avalanche down lower. Whatever it is, it seems that we might be on track for a short term rebound. These are the initial resistances levels that I will be wary of. As for our local Singapore market, ...

 Coupled with bad market sentiment and impending take over, OCBC has been the worst performer of our STI.The question is where does it stops bleeding? Putting away the technical analysis/chart, there will be 2 scenarios for OCBC... First, the take over talks halts and deal was called off. OCBC share price runs up..straight forward. Nothing to see/buy. Second : Company announce rights or any forms of money grabbing facilities to pay for their acquisitions. Reactions from the public will be very adverse and more sell down could happen if such announcement was made. Investors will sell for several reasons : rights subscription price is hefty, hence no money to subscribe and doesn't want to be diluted. 2) they dont see the acquisition as something meaningful and accreditve to what OCBC already has. 3) Plain panic. 4) Plain panic cum market sentiments. If the form of rights subscription does happen for the acquisition, which I believe it will, I will use wyckoff/vsa to time...

Do join the fb page. Lots of thorns amongst the roses in the scans today...

Received a big compliment not from my client but my a public/friend. He has been buying some of my stock picks. ( I don't give buy/sell call, but I highlight abnormalities in volume). For sure it is impossible to maintain 100 percent towards the end of the year, but of course, I know that as long as I do what I do best, hit rates will still be rather high. DUKANG I will be monitoring DUDU closing for the next few weeks. (Scanned by marketinout.com )  So far, my track records for Dukang is rather good too and hopefully it continues.

Anticipated the roll up today 2 days ago

Lastly, If you have been using  marketinout.com  as well and will like to try out their scanner, this is the coupon code that i got from the vendor. Enjoy a 20 percent% of for their services  45K2D47BXG. I have used marketinout to scan for stocks that have 200 percent more volume than their 30 days average. One of the candidate that appears today is Tat Hong. I haven't been monitoring Tat Hong for quite sometime but I must say that the chart is quite decent. Lastly, If you have been using  marketinout.com  as well and will like to try out their scanner, this is the coupon code that i got from the vendor. Enjoy a 20 percent% of for their services  45K2D47BXG. Lastly, If you have been using  marketinout.com  as well and will like to try out their scanner, this is the coupon code that i got from the vendor. Enjoy a 20 percent% of for their services  45K2D47BXG.

Since hankore has some fierce news coming up...I shall give my 2 cents worth. In short, news just mean that they have a strategic investor who is willing to many shares of hankore( of course at discounted price, go read urself) http://infopub.sgx.com/FileOpen/HanKore_Announcement_of_Framework_Agreement_30.12.2013.ashx?App=Announcement&FileID=269270 My thoughts : I remember months back, during July when similar news came out, issuance of news shares, share price went up and then was corrected below the vwap price of the issued price. However price was held steady @ 4.8 cents and prices had shot up since. WRT to the news today, i think it could go go either way. (got say like never say laaaa...) But with the news coming out at decent market sentiment, we might see more upside ahead in the future/tmr. U might want to take note that SIIC,hankore, UTD enviro has been doing very well for the last 2-3 weeks. Of course, techniques of using VSA is to buy on accumulation and sell on ne...

Coming next year, I will be more active in my personal stuffs(trading and studies) and I wouldn't be that active in the forum, prolly a weekly update or so. A lot of people asks me where I get all these stocks potential stocks from? While I am broker myself, I still only have a pair of eyes to scan for setups. I used a scanner ( www.marketinout.com ) for scans. If you are interested in fishing your stocks, do try out the marketinout.com and subscribe and I will teach you personally how to leverage on it. It is a fantastic service and I hope coming next year, more people will share their setups and let's earn $$$$ together. For those who are interested in the scanner, you can drop a comment here below. I will gather everyone's interest and ask for a discounted price from the vendor.

Only 3 charts today showed decent setups.. First is ChinanTown. Unionmet SoupRestaurant has very strong fundamentals and company has been buying back their own shares for very very very very long....do look at it...

Below are some scans on the US stock. Criterias are stock's volume above 200% as compared to previous day. It seems to me that the US market functions much more efficently than our local market. Probably due to its sheer size and participants, wyckoff and VSA principles are more "correctly" exhibited. I will be sharing more US stocks updates in the near future as I believe that it is much easier to trade, especially so when STI is so lagging against the other indexes. ESRT is the most promising out of the whole lot...Empire State Realty Trust, Inc., a real estate investment trust (REIT), focuses on owning, managing, operating, and acquiring office and retail properties in Manhattan and the greater New York metropolitan area. View More. From its price chart, a trigger event had just been witnessed.  As for NiSoruce,  NiSource, Inc., based in Merrillville, Indiana, is a Fortune 500 company engaged in natural gas transmission, storage and distribution, as well a...

So it has been announced, Fed will decrease its bond purchase by 10billion per month. Market reacted positively and DJ was up close to 300 pts ytd...a swan song for Bernake?hahaha For our local market, STI today reaches a high of 3083 and is trading at 3064 now. A 20 pts difference from its high at the moment. Profit taking? Or could it be more of a seasonality issue? December is usually a very slow month with weak liquidity. Was this tapering anticipated? The tapering turns out better than most of the analyst/fund managers has anticipated. They probably anticipated a heftier cut which after the announcement, caused the DJI to soar. However, Tapering is the first step towards raising interest rate....Tapering meant that the economy is recovering and the central bank is willing to taper and took out this artifical support(in near future) Is rising interest rate a concern? As fed has stated that they are looking to lower unemployment rate to 6.5% before any rates hike...

I'm learning as I am posting...as mentioned in fb group on 13 Dec, setup was very valid and has a huge chance of success! Glad it turns out well.#test bar

Good afternoon all, It is been awhile since I got the luxury to update my blog in the afternoon due to security reason. Nonetheless, below are my takes on the market. We have a FOMC meeting this week. Time flies ...3 months ago we were still worrying abt raising debt ceiling and the concerns of tapering and here we are back again..at the mercy of Mr."Hor Chiu" aka Bernake. Below are the chart of DJI, pretty much self explanatory. Long term uptrend..both fundamental and technical are very much in tune. As long as the music, the tapering doesn't stop, equities will continue to remain bullish. The million dollar question is "when are they stopping/tapering". Whatever Bernake is going to say will have a huge impact in the market. For traders, it will be best to stay away from the volatility..unless u are playing some condor spreads etc. But for long term investor, we do see DJI resting at a comfortable level at around 15700. This was the level that DJI bro...

Below are the picks for next week. Stocks below are not any trade calls, just highlighting them as they shows very nice VSA/wyckoff setup. Mermaid and EYS looks the best out of the lot.  Blumont looks screwed due to the bad/negative sentiment surrounding the stock. But shakeout has already happened on Monday...but on Tuesday, we saw a potential upthrust might be invalidated very soon. ThBev, will it rebound together with our local STI index? Biosensor doesn't look pretty fundamentally, KIV till further noticed.

I have been actively updating my facebook page, do join if you haven't yet. Meanwhile, these are the watchable stocks from now till end of December. Interesting volumes today