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Today STI seems to be moving further down and STI 3000 mark will be a hard resistance to break. Looking at 2930 for minor support. The overall market looks weak. Will be looking into a correction before entering into market. Hopefully it will rest at major support again.Property market is one of the weakest sector ever since China is hell bent on curbing speculation. But the …
STITrend: Sideway hold or downtrend (uptrend line broken), 2930 to hold for uptrend else trend reversal with lower low being made. Mini-downtrend line holding the upward movement. Have to move upwards above 3040 for uptrend to resume.Indicators: MFI, RSI and Stochastic all turning down. MACD crossover and turning down. CCI turning up.Candlestick: Last candlestick is a doji …
Looking at UNG daily candlestick, it look really bearish. If it break, downtrend will resume.
MADRID (MarketWatch) -- U.S. stock futures edged higher Thursday amid a wave of earnings and Hewlett-Packard's deal to buy Palm as the focus moved away from Europe's sovereign debt worries.S&P 500 futures rose 5.7 points to 1,195.80 and Nasdaq 100 futures rose 9 points to 2,015.75. Futures on the Dow Jones Industrial Average rose 34 points.
Due to the current financial situation caused by the slowdown in the economy, Management has decided to implement a scheme to put workers of 40 years and above on early retirement. This scheme will be known as RAPE (Retire Aged People Early).Persons selected to be RAPED can apply to management to be considered for SHAFT scheme (Special Help After Forced Termination).Persons …
April 16 (Bloomberg) -- Financial shares tumbled after the Securities and Exchange Commission charged Goldman Sachs Group Inc. with fraud related to packaging and selling collateralized debt obligations linked to subprime mortgages.Goldman Sachs, the most profitable firm in Wall Street history, tumbled 10 percent to $165.02 in New York Stock Exchange composite trading at …
NEW YORK (Dow Jones)--U.S. stocks opened slightly lower Tuesday as a disappointing first-quarter report from Alcoa and a wider-than-expected trade deficit dampened sentiment, pushing the Dow Jones Industrial Average back below the 11000 level.The Dow Jones Industrial Average was down 20 points, or 0.2%, at 10986 in early trading. Alcoa was the measure's worst performer with a …
A new psychology level for Dow, will this be a fake breakout instead? I got the feeling the market is way to hot. It'd be bad for indices to move higher without any consolidation. So will STI follow brother dow up to 3000 level?
Broad market showing bull is losing strength. Divested Tat Hong and Ryobi to cut my long position to a more manageable size. Commodities seems to be losing strength with Noble Grp not able to move higher. Ezra and F&N look precarious. The only exception is IndoAgri, Yangzijiang and Cosco.Feel really sorry for IPO especially CACHE Logistic Trust. Drop so much in the first …
WASHINGTON (MarketWatch) -- The Business Cycle Dating Committee of the National Bureau of Economic Research met last Thursday and decided it would be "premature" to declare the end of the recession, according to an NBER statement released on Monday. "Many indicators are quite preliminary at this time and will be revised in coming months," the statement said. The NBER is the …
AsiaTravel breakout from 60.5 cents to 63 cents and it means a trend reversal from down to possibly uptrend.Halftime: 63 cents holding. Just regretted not willing to buy direct at 60.5 cents.
I've mentioned that the divergence was seen on STI since last week and on friday it has followed Hang Seng (breaking out of a symmetrical triangle) to move higher.During this period, watch out for profit taking session, or at least pocket some for those at resistance turning down and put some at counters at support. Like this, you will be cutting down your risk by a lot while …
April 9 (Bloomberg) -- New Hope Corp. Ltd., an Australian coal producer, offered A$3.71 billion ($3.4 billion) in shares to buy Macarthur Coal Ltd., higher than a rival bid from Peabody En …
Even though there are many extremely successful value investors, few money managers and individual investors choose to follow the value investing strategy. They don’t follow it because it …
Tat Hong breakout to 90.5 cents. If close above 90 cents will be a good confirmation resistance is broken. Recently newspaper stated that the target price is $1.06. Hope it's true.
What he means in short is psychology is the most important factor for a trader. Meaning you know who you are and why you are suitable for this trading style. Some people are more for breakout play while some like pull back style. Nothing is wrong but about finding the style you're most comfortable and why.
WASHINGTON (MarketWatch) - Interest rates will rise when the economy begins to heat up and not a moment before, the Federal Reserve said Tuesday.The Fed has been saying that it expects its target for short-term interest rates to remain very low for an "extended period" of time. Many outside analysts say that the "extended period" statement means the Fed won't raise rates for …
Divergence on several indicators continue to show on properties, marine, commodities and finance sector. Stocks have to go higher to negate the effect of divergence
NEW YORK (CNNMoney.com) -- Stocks slipped Tuesday as investors stepped away from the recent rally that left the Dow industrials just shy of the 11,000 mark.The Dow Jones industrial average (INDU) lost 28 points, or 0.3%, after ending the previous session at 10,973.55, the highest point since Sept. 26, 2008, when it closed at 11,143.13.
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