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Take a look, the likelihood of an overshoot cannot be ruled out lightly. 
Both daily and weekly indicators are weekening. The post-Christmas upmove appears to be just moving up to close the gap before continuing downward. It is certainly a good level to take your profit and buy your Chinese New Year goodies. 
After many months of price development, I hope you are now convinced the Singapore ST Index is indeed going for a megaphone top with a lot of boastings on the ground. What do you think will happen to the property bubble? 
This is a consolidation of previous posts made up of three parts In January 2010, investors lamented the lost decade ending on 31st Dec 2009 and eagerly look forward to a bull market ahead, determined to win back the decade's lost profits. On the other hand, given the poor fundamentals a lot more people are wondering why it is still afloat. The rally from March 2009 was at … 
This is a quick update of the Singapore ST Index. As expected in my 8th April post, the mentioned FEAR lurking in the background has finally surfaced. In the same post was mentioned a pending last point of the thrust wave (Point 5) to strike the top channel; this had come to pass (see chart below). After this point was touched on 15th April, the market immediately went down … 
Easter Island, thought to be part of a past advanced civilisation that had vanished into the water surrounding it was deemed the best place by scientists to watch the solar eclipse at about 4.11am this morning. Eclipses are known to affect human behaviour and often change a market trend.
After the company discovered that stock level did not match sales records, a former sales assistant of Norman Audio was dismissed from the company. The man, Tang, continued to approach the company's customers offering cheaper prices in return for cash paid in advance. The cash collected ranged from $1,300 to $10,000 each time. The goods were, of course, not delivered. The …
Somehow stocks are more frequently reported than bonds but the financial crisis and US Government's panic has changed dramatically the bond-market scene. Money are put into bond funds in a consistent way since early March 2009 (just about the time the market hit the low), for many reasons of which there are many opinions. We will just talk about what is happening. Figures …
March was a change of fortune for the STI, borrowing the strength of DJIA hitting new high. As they said, GREED IS THE WINNER, BUT FEAR IS WAITING. Overall, STI's rise from March 2009 may be summarised in the following chart. It only took 103 trading days to move up 1,245 points in the initial move while the subsequent 170 trading days, it manage only to rally 285 points … 
One computer technician cheated 19 victims of $12,500 showing his internet location as in Germany and posting to Singapore motoring websites he could offer much lower prices for car parts and accessories because of his bulk purchases in Germany. He was sentenced to 29 months' jail last month. When you go onto the internet, you need a network address in order to be linked up. … 
It looks like you have to find a good price to unload. Prices will be weak for a while. 
What you think will happen will NOT happen; what you think will not happen WILL happen. What is lurking in the background?? 
Those of you who are bullish on Genting Singapore stock will find Friday's close most uncomfortable. My view is the price action is inclined to move towards the "Decline Line" as shown below. 
The answer depends of the specific stock referred to. With the super-hot property market, you would last suspect the property stocks actually peaked in January 2010. For DBS, it had a double peaks while UOB had a new high. One thing that stood out was there being no net accumulation of shares and investors were taking the opportunity to sell at a higher price. 
At the close of 22 Sep 2010, the Singapore STI Index was 3096 and it was observed NOT to be a bullish signature (see Sep 23 view). The STI peaked in November 2010 and had a secondary rally immediately after the Christmas holiday. By end of 11 Feb close, the STI is now back to about the 23 Sep 2010 level. 
As observed in the last post (11 Jan Viewtage), Genting Singapore was just rising to close the gap indicated. It had by now and broke down and stayed clear of the gap. 
As is a logical conclusion, all bonds buyers are already in the market and that explained the USD strengthening after QE2. Benanke's hands are tied now that treasury yields are rising so fast. The bond bubble may be seeing the last cards. Now, not only UK and US bonds are rising, Japanese and German bonds are also beginning to rise. The latter spells big trouble ahead for … 
Why do we need a stress test in the first place?? They are trying to repeat what they did in the US last year! Has the pushing of the Euro (see July 10 post) finally come to an end now that the stress tests results for European banks are out? It was just one of those man-made "good news" for the hungry reporters and willingly believers. The authorities have to be … 
The CBOE 10-year Tresury Yield Index was closed last Friday up 3.13% and look set to test the 52-week high 4.013% shortly. This will be a major attempt after the correction phase in 2010. As a follow-up to the Dec-12 posting on bonds showing cracks and playing the last cards. The last cards done and more news on bonds will clog the headlines. The problems in Tunisia and … 
Condition of JULY 10 post is now likely satisfied for the US markets. The question here in Singapore must be if Asia will indeed de-couple from US and Europe? 
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