Singapore Wyckoff & Volume Spread Analysis

From Yamaichi research.....received the report yesterday from our HK broker. - PAX Global (327 HK) announced 73% growth in FY14 net profit to HK$392 mn, on the back of 61% increase revenue to HK$2,373 mn. Catalysts - US and Western Europe to enter harvest period. After years of marketing effort, US and Western Europe markets will enter into harvest period this year: (i) PAX has largely overcome the entry barrier of Class B certification in US and growth in US will be further fuelled by the EMV standard upgrade. (ii) PAX has forged partnership with CCV, who worked exclusively with Verifone previously, for Western Europe marketing, (iii) Given higher entry barrier in advanced economies, management is confident that US and Europe can achieve higher gross margin and hence maintain group profitability, (iv) Based on management target to raise overseas revenue contribution to 70% in 3 years time, we raise overseas revenue growth forecast to 60%65% for FY15F/16F

Below is a list of stocks that I scanned out for the HongKong market. Prada, 1913.HK does seems like has some room to go higher. From its points and figures chart, a 3 points reversal has already been confirmed recently. Region close to 60 dollars is the first resistance levels. If you need a reliable and user friendly stocks scanner, do try out www.marketinout.com and if you do try it out, do remember to use the discount voucher -  45K2D47BXG  which I manage to get from the site owner. Also, do join my facebook group if you haven't as I mostly update in the facebook group from now on. (Till i revamp the whole damn site)

Noble's Founder bought noble early this week @ 93.5cents ++. Yesterday, it was announced that their CEO and one of the director bought some noble @ 1.005. Lesson learnt : Don't try to buy a price that is lower than your chairman. Perhaps the management were asked to buy its own shares as well. Anyway, from a chart POV, a safer entry will be in the region of around 1 dollar at the moment but I don't forsee that level to be possible in the short term. Certainly, bullish behavior was observed and I will not be surprise if share price is able to hit 1.1-1.15 in the region of next 2 weeks. Update 10/03/15 : Market is proving me wrong. Strong selling pressure today with lots of houses downgrading noble from sell to hold or hold to sell. According to one of the research house report that I read, it was mentioned that with Noble's high P/B value, which is slightly above average amongst its peers at the moment, we might expect some writedown in the future.. opportunity

The WTI and Brent Spread was trading in a very tight range of -5 to +5 range before the US shale boom. After 2010, the spread has become more erratic and we see the oil spread goes as high as -25 to a range of 0. Before we get into the differences between Brent crude and West Texas Intermediate and how that will affect U.S. exports, we should start with politics.At its heart, the export ban is a form of regulation designed to protect Americans from the dangers of peak oil and price manipulation, as was seen when the ban was enacted in the wake of the oil embargo and crisis in the 1970s.But after 40 years without oil exports, the energy markets have completely changed...One of the main arguments for lifting the ban is that the United States now produces more oil than it has since the '80s and is on pace to produce more oil in the next few years than it ever has.And since Republicans won the Senate in the midterm elections in November, the likelihood of a wave of fossil fuel-friend