Singapore Wyckoff & Volume Spread Analysis

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 or furth

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

Note the date of the post!

an email sent to clients ytd on Viking ytd morning.. The strong close @ closing yesterday gave conviction to me. However, as price as goes up too high, one shouldn't chase its current price but wait for any retracement. They play is on viking, put in ur watchlist. ------------------------- Good morning all, Viking has formed a strategic partnership with former Labroy Marine co-founders, Tan Boy Tee and Chan Kwan Bian. The former, Mr Tan Boy Tee has took up Viking new shares and has about 5 percent stake, with an option to exercise its option of the same amount in the next 90 days. Similarly, Mr Tan Boy Tee also took up 10m of Ezion, which is another O&G company for $12.64 millions. Surely, Viking can leverage on Mr Tan expertise in the   O&G sector and with the injection of new funds and new shareholder, 2014 will be an exciting year for Viking. -------------------- VIKING PARTNERS LABROY’S CO-FOUNDER TO ENTER RIG BUILDING AND RIG CHARTER MARKET Singapore, 4 November 2013 –

Used  www.marketinout.com  and scanned a couple of interesting stocks. Stocks below aren't trade calls. Pls do ur own due dilligence.

Iskandar play. Shares placement @ 22 cents. Share prices currently back to old support. What i want to see before I enter a long trade on Jubilee? Improved market sentiment in our local stock scene; Rowsley share price maintitaing at current level; Both Rowsley, its warrants and Jubilee share price has a COB. A COB witnessed will be a high prob setup to go long on Jubilee

Coming 22 October, this will be the payable date for those who have subscribed for blumont shares rights. Costs of the subscription is 5 cents per shares... 1. LEVEL OF SUBSCRIPTION   valid acceptances of and Excess Applications for a total of 1,181,578,284 Rights Shares, representing approximately 137.23% of the total number of Rights Shares offered under the Rights Issue, were received.   Details of the valid acceptances of and Excess Applications for the Rights Shares received are as follows:   (a)  valid acceptances  for a total of  621,693,923   Rights Shares  representing approximately  72.21%  of the total number of Rights Shares offered under the Rights Issue were received and   (b)  Excess Applications  for a total of  559,884,361  Rights Shares  representing approximately  65.03%  of the total number of Rights Shares offered under the Rights Issue were received.    2. ALLOCATION OF RIGHTS SHARES FOR EXCESS APPLICATIONS   The Rights Shares which were not taken up by Entitl

I read this from a site some where and I thought I must really share it. . Lucky to know a couple of real traders making consistent profit, one in an equity market another in FX. Both of them have reached step 4 not because they have the holy grail system, but they are good because of the discipline they have. Anyway, both of them uses vsa system. While the equity sifu probably doesn't really know what is VSA ( he is a hokkien ah beng) he oftens uses terms that we used in VSA while talking with him. Such irony... But I have to emphasis it is the emotion and discipline that probably separates profitable and non profitable trader. Note to self: If you know your flaw, then avoid making repeatedly mistakes. If discipline is what you then you ought to overcome and instill more in yourself. Title of the PDF is ... The 5 Steps to becoming a trader Step One: Unconscious Incompetence. This is the first step you take when starting to look into trading. You know that its a good way

Hi guys, if you have been following my blog and wonders what happen to me, I am actually updating frequently more on my facebook page...blog will continue to be here and I will update once in awhile in my blog. This is due to inaccessibility of blogspot and facebook is a much easier channel for me to update my posts. Late August and Early September has been superb thus far (in the SG market), while the market has been jittery...blue chips etc aren't performing to expectation to most investor's rebound, most of my hand picked stocks have been doing quite well in the last few weeks...