Decipher's Blue Line Theory

Not sure if I have done it correctly. Decipher, your inputs and comments. Tommorow, we will be able to test the blue line theory on StarHub. $2.20 double top on close, $2.23 52 weeks high.

STI - Half Time Report

The high got higher! STI open down but soon fought off the jitters for whatever reason it could have found. STI is just 16 pts shy of 2500. SiMSCI looks strong as well, going into the lunch break at 295.8 +1.8 pts.

STI - More Up Side?

STI Daily

Looking at the daily charts, STI is touching the upper band of the Bollinger. RSI, MACD and STO all looks very strong for a push up tomorrow. Likely to test 2500 soon(days to weeks). The possible rise today could be attributed to the Feb SiMSCI futures contract expiring today and traders have to square off their positions. There is also word that those who shorted the SiMSCI will be hard press to cover their shorts today thus the big jump in the SiMSCI today.

I am almost certain that we will see a higher opening tommorow (unless Wall Street has a poor perfomance) It is also good to note that all major global indicies are at their highs. Likelyhood for profit taking before the next run up is remotely possible soon.

I can see from SI forum there are people with contrarian views starting to emerge. There is one commment about selling into strength. I would like to see the STI break new highs weekly however, the contrarian part of me always think otherwise.

STI - Hourly Charts

STI gapped up to 2462.22 this morning, it was strugging to find its direction thru out the morning session and at around 1200hrs, from +3 pts the STI push itself up to +10 pts at the lunch break. If the STI follows the trendline, we are likely to see a higher close today.

SiMSCI (Feb 06 290.8) (Mar 06 291.4) is also at a high, lets see if the spot market will play catch up with the futures. Have a profitable week.

ACCS - Daily

Looks like a possible hooting target. buyers beware.........

STI - Weekly

2400 was the key psychological barrier and was tested in early August 2005 but we fail to break it and it retraced to 2200. The STI formed a double top at 2400 in early January 2006 and we tested it again and broke upwards and we are on a uptrend. It is a good run and we are capped at 2450 till last week.

The STI was stuck in 2420 to 2450 trading range for a week before we broke the 2450 resistance. However, this break us not “as clean” as desired. Monday's performance will set the tone for the rest of the trading week. If we are able to hold the STI above the 2450, then we are on our way to test 2500.

STI's all time high of 2582.94 was in March 1^st 2000 at the height of the Dot.Com boom. Can we see that? There is an Investment bank that say that the STI could achieve 2700 in 2006. We shall see!

Wall Street - Weekly

Wall Street's key indices's uptrend are still intact and they fought off a bear last friday when oil surge.

DJIA

It is sitting on the 11000 support, on friday it almost tested the support but bounced off 11010. From the high of 11084.92 to the low 11010.86, it was a 75 pts trading range as the Bull and Bears have a fight. The Bear with a oil advantage eventually backed of and the DJIA close only 7 pts down. Lets see what Monday brings us.

S&P500

The S&P parted ways with the DJIA as it remained positive almost through out the entire trading session. The mix picture of the indices's could be due to the different weight age of stocks in the S&P and DJIA. Techs and Oil were the leaders in the S&P and it was clearly seen why the Tech Heavy Nasdaq was up as well.

Commentary - Wall Street and Oil

Wall Street's performance on Friday is impressive considering that oil almost by US$2.37 to US$62.91 per/barrel. Wall Street shows resilient to high oil price (at least up to US$70 per/barrel)

I think the world markets is fed up to be held ransom by high oil. Disruption of supply, terrorist attack on oil installation, kid-nap by leftist rebels, the list goes on.

It is gratifying to see the world markets take in stride such negativity and focus on the the fundamentals. America had a good 2005 and looking forward to a good 2006. They are expected to revised their GDP numbers and it will certainly give a leg up to Wall Street.

Wall Street Closing Numbers

Dow Jones
Close: 11,061.85 Change: -7.37 -0.07%
Open: 11,065
High: 11,085
Low: 11,010

S&P500
Close: 1,289.43 Change: +1.64 +0.13%
Open: 1,288
High: 1,290
Low: 1,286

Nasdaq
Close: 2,287.04 Change: +7.72 +0.34%
Open: 2,278
High: 2,288
Low: 2,273

Lu Zhou IPO - 5 Mins

Following up with day 1 trading. Volume is at a respectful 98,630 lots done with a high of 43 cents


Updated Luzhou's charts, only one thing to say.....Amazing.

Congrats who tikum and kena this IPO, CONGRATS!!! more than 50% profit. Unable to get any heads or tails from the indictors. So just have volume as a refernce.

I bidded for this IPO but never kena...no chicken lice or coffee money.....

StarHub - Hourly

Looks like StarHub is back on track, a solid rebound from $1.91 The chart looks like it is in a typical "in anticipation of good results" rise/formation. If the results announced later today is better than expected and dividend payment higher, likely to see StarHub propel higher tomorrow to test is previous high of $2.21

Vested.

Singtel Daily - 4th Wave?

A quick scan of the charts shows the indicators achieving lower highs after SingTel recent high of $2.70. It is likely to into retracement to gather strength for its next leg, If my analysis of Elliot Wave is correct, this should the 4th wave (corrective phase) before the 5th wave. (i apprecate any correction of my analysis as i am a newbie to Elliot Wave) You can see the MA all coverging at the 200MA area, likely to be a key support.

Price Action and Volume

After reading serveral post on Decipher's blog, I learn a valuable lesson in the co-relation between price action and volume. This is what I manage to come up with so far.

Price Up + High Volume = Cheong
Price Down + Low Volume = Dun Kan Cheong
Price Down + High Volume = Run Road

Wall Street - Mid Night Madness

Just got back from work, Wall Street is having a small rally, when penning this article.

Dow Jones + 75.24
S&P 500 + 7.73
NASDAQ + 13.13

Looks goods, if this continues and Wall Street close high, we can see STI opening gapping up.

Good Nite
SM

STI - More Down Side?

Hummm.....a series of lower highs for the indicators. Today was a medium volume (1.18 Billion Shares Traded) slide. STI was down 15.57 pts (-0.64%) to close at 2427.89. A/D line is 195/345.

STI is sitting on the 20MA, looks like there is more downside than up (barring unforseen news) All the key asian regional indices are also down. Europe is down when i am writing this post. Wall Street Futures are unchanged pending some economic data today. Looks like the bear is going to show it prowlness as the bull goes into hiding.

Good Nite
SM

Not So Brilliant - Daily

I am going to use my fav word when I see a performance (the lack of) like that, DISMAL!!!
Yesterday's effort and mini-cheong was all flush down the bowl. Low volume nudge down.
Tomorrow's perfomance is important, if the slide continues, we could see a possible test of the 30 cents support (wah lau eh) I am keeping my fingers cross. Vested.

Venture - Daily

Good set of results. However, the anal-list have 2 camps now. Some shouting buy (cos they have and want to sell) some shouting sell (cos they dun have and want to buy) We got a famous local one which is shouting "SELL"

Anyway, back to the charts. It is a good close ( closed 10 cents higher at $13.40) Point to note is volume was half of yesterday, there are a little more buyers than sellers today which point to more possible upside if we look at the daily charts. It is now sitting between the 50% and 61.8% retracement. MACD, STO and RSI all look healthy and we could see Venture testing $13.50 tomorrow (61.8% retracement from $14.50 and yesterday's resistance)

Good luck to those vested. VENTURE CHEONG AH!!!

My Key Support

A mids the hussle and bussle of me trading, staring into charts and looking at figures. I would like to thank my girlfriend for understanding what I do and supporting me in every trade I take.

Thank you Baby

Mediaring - 30mins

Personal opnion only - The uptrend might not be over but if I have postions I would unwind some position to take profit or be completely out of the mediaring. The indicator's achieve a lower high and possible divergence coming. Likely to move down to retracement levels.

Brilliant - Daily

This fellow was quietly sitting at 31 cents this morning and BAMB! after lunch at 1506hrs, it got hit and hit and hit all the way up to 33.5 cents and held at 33.0 cents till closing, volume is 6.3 time more than the previous day. Hourly charts show reversal and if price holds for tomorrow, likely to see reversal in day charts. Resistance likely at 35 cents.

Vested.

ChinaFish - Upgrade by DBS - Target Price S$3.28

An upgrade by DBS send ChinaFish soaring 10%, this cheongster can't seem to run out of steam. Wanted to hoot a bit for some coffee money but saw the news too late. Will continue to monitor and keep in on my watchlist to see if there will be any future buying opportunities.

STI - Ding Donging in Range or Waiting To Cheong

Look at the MACD and STO, if cross 2450....we will see the SKY!!!! STI Cheong Ah!!!

StarHub - Reversal Of The Day

What a come back, then again it could be the shortist cover yesterday's position when they see the buyers hitting the "ASK" We will need to see today's closing to determine if it has done a day reversal. StarHub's FY05 results due on 23rd Feb 2006. Market expecting StarHub to pay out more dividend.

SPH - Daily

As promise, SPH's detail charts. SPH touch the 50% retracement ($4.42) and close at 4.40.
All indicators shows a good push tom (barring unforseen circumstance)

All 3 indicators have higher lows, which is necessary for the continous uptrend.

MMI - Hot Hot Hot

Was just discussing MMI last sat and i mention sitting on 50% retracement and could bounce of it. Charts looks promising. Too bad no funds to Hoot (do not belive in contra) 71 cents could be the day resistance. Tread with cautious for the moment, might be a false bull.

STI - Ding Donging in Range

Hi all

Just a sence of where Mr. STI is going the last week :)

SM

SPH - Anal-Lyst cover, so i also cover

Over the last week, the "buy" calls for SPH reach a feverish amount, ML $4.90 CSFB $5.10, BT calls it a laggard play (recent high of 4.96 - 11 Oct 2005 - just before FY05 results)

FA + TA = $$$

SPH now is being recognise as a laggard play in the index and "everybody" is hoping it plays catch up. So with what i call "Self-fulfilling prophecy" it will just move up.

The charts show the price sitting on the 20 and 50 MA, so that will act as a soild support for SPH and plus the indicators are screaming a cheong up! $4.40 is a key resistance, once broken, we could see the target being hit. Now no time to do detail charts, will update once at home.

Vested