[redbean]

Dow took another small dip on Friday, -53 at 10061. This broke the 10100 support and the next level is 10000. Dow's future has turned positive and is now +43. Europe is still slightly negative on opening. Trend is still looking down.

The positive part is that economic data in the US is getting better. Negative part is that there is growing bickering with China and may lead to more spat though not going to be serious. Can't expect anything of significance from Hilary Clinton in charge. The Chinese diplomat called her the little girl.

Asian bourses were a bit nervy in early trading but closed much firmer. Nikkei +7, ShanghaiC -48 and Hangseng +122. Both Nikkei and Hangseng were negative more than 100 and 200 respectively. The better closing could be seen as confidence in the US China spat not getting too bad. STI -9 at 2736. Gainers were 162 to 297 and volume was 1.3b shares.

MACDs are levelling and trend is still down. However, short term trend is at the verge to turning up.

Top gainers were Kep Corp +17, Hyflux +16, Kim eng +11, SembCorp +10, ST Eng +8, UOB +8, SPH +7, OCBC +7, Elec +7, Semb Mar +7. Losers were APB +50, Jardine C&C +30, STXPO +20, CityDev +14, Venture +14, HL Asia +12, DBS +12, F&N +11. Blue chips took a bit of rubbing but some managed to recover and minimise the losses. Wilmar announced that it was holding back its listing in Hangseng due to the weak market condition

Generally market is quite steady with no big selling. Dow could be firmer tonight and our market could take it from there.
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what i posted is just my personal view. feel free to disagree.

[redbean]

Dow continued its second day up, +111 to close at 10297. The strong gain has tilted the MACDs upwards and we are seeing the short term trend reversing up. Dow's future is +3 while Europe opened mixed. Given the closing strength at Dow in the previous 2 nights, Dow is likely to resume its climb,

Asian bourses were up. Nikkei +33, ShanghaiC +69 and Hangseng +450. STI +44 to closed at 2765. Gainers were 371 to 127 losers and volume was 1.7b shares.

Trend is still down but short term looks like beginning to turn up.

Top gainers were SIA +86, UOB +44, DBS +42, STXPO +40 CityDev +30, Ezra +21, JardineC&C +20, OCBC +16, ChinaVideo +14.5, NobleGrp +13. Losers were ShangAsia, -64, Hyflux -7, KedaCom -5, Yuexiu prop -5, UIS -5, CDLTrust -5, HKLand -4, SimLian -4.

After a few days of shelling, there were some buying backs especially on blue chips. Let's hope that the shelling will stop and the programme is set to buy. Otherwise we will see another round of selling regardless of whether Dow is up or down.
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what i posted is just my personal view. feel free to disagree.

[redbean]

Dow retraced slightly last night, -26 to close at 10271. Quite healthy after 200 pts of gain over 2 days. Short term trend is still up. Dow's future is now -43 and Europe marginally down. Opening may be down tonight but still looks good to continue its climb.

Asian bourses pull back with Nikkei -48, ShanghaiC -9 and Hangseng -380. STI opened unchanged but drifted down to close near its day low at 2745, -20. Gainers were 140 to 310 losers and volume was 1.3b shares.

MACDs are flat and short term trend still poised to turn upwards.

Top gainers were Jardine C&C +42, Venture +11, Goodpack +5, CWT +4, CapitaMallAsia +3, GPBat +3, ChinaEssence +3, KedaCom +3, ManOri+3,ARA +3. Losers were CerebosPac -33, DBS -30, KepCorp -19, CityDev -16, UOB -14, SIA -12, Capitaland -11.

Market lacked direction and activities as the investors were practically non existence. The only trader in the market was very likely to be the computer. Volume was anaemic, 1.3b shares. Notable stocks were CWT which rose 4c to 97 and YongXin which was still up and has gained 4c over the last 3 days and closing at 18.5c.

The market can be expected to be quiet next week as well and hopefully some investors will return. Otherwise we will continue to see phantom traders trading and investors fleeing.
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what i posted is just my personal view. feel free to disagree.

[redbean]

Dow took a dramatic turn last night and plunged 268 on fear of some European states having insolvency problems. MACDs turned back down again and the trend reversal was back to pointing south. Europe has opened down and Dow's future is -8. It was a very sharp fall and may retrace a bit on technical ground. However the down pressure is still very strong with trade tension between the US and China getting worst. And given a Friday, tonight does not seem to be good.

Asian bourses plunged as well after some signs of stabilising. Nikkei -299, ShanghaiC -56 and Hangseng -677. STI gap down and closed -61 at 2684. Gainers were 93 to 510 and volume was 2.2b shares. Trend is falling and the 2700 support was broken. Next level is 2650. Sentiment suddenly turned very weak.

Top gainers were Great east +36, APB + 10, GP Bat +6, SATSvcs +4, VICOM +4, Genting +3, Ascendasreit +2, IDT +2, Khong Guan +2. Losers were ShangAsia -90, JardineC&C -46, UOB -40, Wilmar -34, SIA -30, CityDev -26, SpLand -24.

Genting surged to 118 on news that it might get its gambling licence but fell back on profit taking. Otherwise the market was simply weak and with a weekend ahead, there was no signs of bargain hunting.
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what i posted is just my personal view. feel free to disagree.

[redbean]

Dow was volatile on Friday and was down 150 pts before recovering in the last hour by 170 pts to close +10. This late surge was a great relief for the investors. It closed at 10012. If not of the sovereign debt in Europe things could have been much better. Now that there were signs of EU stepping in, the panic has been avoided. The market will continue to suffer wild fluctuation given the heavy hands of the big funds and programme trading

Europe is now up strongly and Dow's future is +49. Though trend is down, the firming of Europe and Dow's future could see Dow opening positive and recoup some of the losses during the sell off on Thursday.

Asian bourses opened cautiously. Nikkei - 105, ShanghaiC -4, Hangseng -114. STI was up on opening but fell sharply when Hangseng weakened. Programme selling set in and it was a sea of red. Hangseng recovered half of its losses and STI bounced back in late afternoon to close +10 at 2694. Gainers were 186 to 318 losers and volume was 1.7b shares.

There was some rebound in banks and blue chips. Top gainers were UOB +26, DBS +22, SIA +22, OCBC +15, Venture +12, APB +8, Kep Corp +6, UOL +6, Guocoland +6. Losers were Jardine C&C -64, GreatEast -34, STXPO -20, CerebosPac -10, SpLand -10, Wilmar -9. Genting was halted in the morning and shot up to 117 on resumption of trading. It was then sold down to a low of 106 before closing at 109. It seems the worst is over and the price should be steady at this level.

We will continue to see very volatile trading whenever programme trading kicks in.
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what i posted is just my personal view. feel free to disagree.

[redbean]

Dow fell 103 after holding steady for half a day and closed at day low at 9908. This is 100 pts below the 10000 support level. Trend is down. The only hope is that it is greatly oversold and bargain hunters will come in for a technical rebound.

Dow's future is +56 and Europe marginally down. Good chance for a rebound tonight.

Asian markets fell on opening but mostly ended firm. This could be indications that market is bottoming and rebounding on technicals. Nikkei -19, ShanghaiC +14 and Hangseng +239. STI closed high at 2745, +51. It opened in the red but clawed all its way up, helped by Hangseng's recovery. Gainers were 275 to 198 losers and volume was 1.4b shares.

We are seeing MACDs turning upwards for the first time and the first sign of breaking the down trend. Having seen Dow's poor closing last night, it was a big surprise to see Asian bourses recovering against a weak Dow. Could it be that the funds have sold enough and are starting to buy back?

Top gainers were UOB +54, CityDev +30, OCBC +23, Wilmar +23, SIA +18, HKLand +17, UOL +17, DBS +14, SGX +12. Losers were JardineC&C -14, Venture -10, SpLand -10, STXPO -10, OUE -9, Hyflux -5, HsuFuChi -5.

Nothing has changed. The sovereign debt fear is there, the Chinese liquidity squeeze is still there. The rebound is just technical, when the funds have sold enough and decided to buy back. Anything can happen tomorrow. Trendwise we are seeing signs of reversing up. Europe is turning positive.
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what i posted is just my personal view. feel free to disagree.

[redbean]

Dow did a remarkable recovery, +150 to close at 10059. The kink up in the MACDs is clearer and the trend could be starting to turn up. Dow's future is now -16 but Europe has opened up. There is a slightly better chance for Dow to move up tonight.

Asian bourses recovered some grounds. Nikkei +31, ShanghaiC +34, Hangseng +132. STI opened up but closed -11 at 2734. Gainers were 242 to 213 losers and volume was down to 1.3b shares. With the Chinese New Year around the corner, activities are winding down.

Trend is still down but starting to turn around with MACDs making a small move up.

Top gainers were SIA +30, Venture +17, Hyflux +10, Noble Grp +8, Olam +7, SpLand +7, SI Fund +6, HL Asia +5, Wilmar +5. Losers were UOB -36, STXPO -32, Jardine C&C -30, DBS -22, CityDev -20, OCBC -11, HK Land -9, SGX -8, Cerebos -6.

Market is quite very likely to move sideways until after the new year. Even if Dow were to move up, we are unlikely to see any strong movement here tomorrow.
_________________
what i posted is just my personal view. feel free to disagree.

[redbean]

Dow fell quite sharply last night but closed -20 at 10038. This was an encouraging sign as it did not erase the gains of the previous day. MACDs still attempting to turn upwards and is still on track to break up. Europe has opened firm and Dow's future is now +62.

Asian bourses continued to make stronger gains and should be good for Dow tonight. Nikkei +31, ShanghaiC +3, and Hangseng +368. STI added another 19 to close at day high at 2754. Gainers were 301 to 130 losers and volume was down to 1.2b shares.

MACDs are just about to cut upwards and we are seeing a positive trend reversal.

Top gainers were GreatEast +42, F&N +18, STXPO +18, CityDev +14, OCBC +13, Capitaland +11, ShangAsia +10, SGX +8. Losers were Jardine C&C -58, UOL -6, Furama -5, IFS -5, LionAPac -5, UOB -4, Ho Royal -4, Venture -4. The market was helped by the strong showing at Hangseng but trading was still very cautious. Genting announced that it will have a soft opening for its casino and Universal Studio on the first day of Chinese New Year but this did not move the stock much. It closed at 108.

After a month long fall, this is the first time when speculative stocks are seeing some interests and making small gains.

Dow is looking good tonight and it may help to move our market higher tomorrow.
_________________
what i posted is just my personal view. feel free to disagree.

[redbean]

Dow resumed its climb last night to close 10144, +106. The MACDs are moving closer to cutting upwards and the uptrend is starting to form. Dow actually closed at a day high. Europe is positive at the moment and Dow's future is +2.

Asian bourses were firmer today. Nikkei +128, ShanghaiC +33, Hangseng -22. STI +5 at 2758. Gainers were 263 to 167 losers and volume was 1.1b shares. As usual STI was just floating and waiting for direction which came from Hangseng and swung accordingly.

The MACDs just cut each other and another day of ups will see it cutting upwards to confirm a new up trend.

Top gainers wereCityDev +24, ShangAsi +20, HawPar +19, Olam +16, SpLand +15, Ventrue +12, F&N +10, HKLand +10. Losers were SIA -44, Great East -6, Elec -6, NOL -6, HLAsia-5, SingTel -5.

Another quiet day of inactivity ahead of the long weekend. Dow looks like going to move up while we are on holiday.

Cheers and Happy Chinese New Year.
_________________
what i posted is just my personal view. feel free to disagree.

[redbean]

Dow continued its charge up to close 10269 , +170. The MACDs have cut upwards and the uptrend is firm. Dow's future is now +46 and Europe also firmly up. We can expect Dow to be positive tonight.

Asian bourses were mostly up. Nikkei +273, ShanghaiC off, Hangseng +265. STI +35 to close at 2794. Gainers were 296 to 143. Volume was 1.4b shares. It was a good start for the new year with STI gapping up on opening and closed near its day high. MACDs have also cut upwards and the uptrend is on.

Generally the market looks bullish except for Genting that was sold down aggressively, very likely by programme trading. It closed -4 after registering +3 in the morning. Blue chips and banks made a strong come back.

Top gainers were SIA +46, APB +32, Jardine C&C +30, UOB +24, GreatEast +20, HKLand +15, F&N +13, StraitsAsia +12, Wilmar +12. Losers were ShangAsia -20, Asia Water -9.5, Kim Eng -5, Raffles MG -4, Genting -4, SpLand -4, Sin Heng -3.5 Cerebos -3, DairyFarm -3, Guocoland -3.

Barring any shocking news, we should be seeing the market moving up for a while.
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what i posted is just my personal view. feel free to disagree.

[redbean]

Dow continued to climb last night, +40 to close at 10309. The uptrend is looking good. Europe has opened sideways while Dow's future is now -31.

Asian bourses closed mix with Nikkei +29, Shanghai still on holiday and Hangseng -111. STI closed -25 at 2769. Gainers were 123 to 303. Volume was 1.4b shares. The market traded sideways for most the day until programme selling set in with Genting becoming the main casualty. It was sold down to 95. I don't believe the selling was due to the new shares converted from bonds as their exercise price was 95. Including the earlier purchase price for the bond, it would be silly for them to convert and immediately sold at a huge loss.

MACDs are starting to weaken though both are still pointing north. The index came down to a low of 2579 to close the gap from where it broke up yesterday. Technically this is good.

Top gainers were SpLand +10, Otto Marine +4, GreatEast +4, HL Asia +4, SingTel +4, ARA +3. Losers were STXPO -40, Jardine C&C -30, SIA -20, UOB -14, DBS -14, Wilmar -9, IndoAgri -9, Noble -9.

The small retracement in blue chips and banks are not worrying after yesterday's bigger gain. What is frightening and disturbing is the way programme trading is allowed to do damage to the stock prices. Though there are some quarters claiming that this is good for the market, I look at it differently. In my view it is sick. But what to do? The small investors are now exposed to this unfair mechanism and have to be mindful of it when trading in the market.

Maybe a strong push up in Dow tonight may force the programme to switch to a buy here mode tomorrow.
_________________
what i posted is just my personal view. feel free to disagree.

[redbean]

Another good day for Dow last night, +84 to close at day high at 10393. Trend is looking up with MACDs both looking up. The fear now is the announcement of discount rate hike after market closed. Otherwise thing was looking good. Now the expectation is for Dow to fall tonight.

Europe has opened down and Dow's future is also down, -69 at the moment. Likely to be down tonight.

Asian bourses were spooked by the rate hike and all scrambled for safety. Nikkei -21, Shanghai closed and Hangseng -528. STI -21 at 2748. Gainers were 147 to 319 losers and volume was 1.4b shares. The market was weighed down by Dow and offer little resistence. The selling of Genting also added to the fear in the market.

MACDs are still looking up but about to turn down. The short term uptrend is threatening to turn down,

Top gainers were APB +18, SIA +8, Wilmar +8, UOB +8, FortuneReit +6, Samko +5.5 Elec +5, Ho royal +5. Losers were STXPO -18, CityDev -16, WBL -15, HKLand -13, F&N -10. Genting was again shorted down to 90 before recovering to close at 94.

The falls in Asian bourses were quite severe and hopefully they are enough and Dow does not crash tonight. If Dow is able to keep to a small loss, Asian market may be a rebound after the sharp sell off.
_________________
what i posted is just my personal view. feel free to disagree.

[redbean]

Dow was surprisingly firm last Friday and continued its climb for the last two weeks after hitting a recent low. It was +9 closing at 10402. Dow's future is now +19 while Europe is flat. Trend is still looking up.

Asian bourses recovered strongly after the sell down last Friday, in anticipation of a weak Dow. China's steady opening after the golden week also helped to firm up the market. Nikkei +277, ShanghaiC -15 and Hangseng +483. STI closed flat after hitting a high of +18. It ended unchanged at a day low of 2757. Gainers were 269 to 167 losers and volume was a low of 1.1b shares.

The MACDs of STI are gradually looking up but trend is uncertain at this moment.

Top gainers were Jardine C&C +38, STXPO +22, SIA +16, F&N +10, Venture +10, NOL +9, SGX +8, HawPar +8, SIA Eng +7. Losers were CityDev -52, Capitaland -14, WingTai -9, VIVOM -7, Kepland -7, Ho Bee -6, DBS -6, SpLand -6.

Property counters fell after the curb on speculation. Blue chips recovered slightly. The early gains were reduced with profit taking at the end of the day. Or was it? Genting recovered to close at 97. Penny stocks also managed to inch up slightly.

Despite the huge gains in Nikkei and Hangseng, our small market could at best limbo along, the direction dictated by the big boys. If the programme trading is to pit against the small investors, it is difficult for the market to move up as the counter force is too strong. Got to wait for the big boys to want to play up after squeezing the investors dry on the down swing.

Europe is starting to drift down. Dow is still looking good at this moment.
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what i posted is just my personal view. feel free to disagree.

[redbean]

Dow was steady last night and wavered in a small range from positive to negative. It fell in the last 30 min to register -19 at 10383. It was heading for a positive closing till the last half an hour. Trend is still looking up.

Europe has opened on positive note and Dow's future is now +34. We are likely to see a good opening for Dow tonight.

The slightly negative closing at Dow was enough to cause a weak opening in Asian bourses. Nikkei -48 and ShanghaiC -21. Hangseng gapped down on opening but started to turn positive bearly two hours before closing for lunch break. STI followed and was positive just before lunch. It continued to climb gradually in the afternoon to close at day high, +25 at 2783. Gainers were 268 to 154 losers and volume remained low at 1.3b shares. I am wondering how many of the trades were done by programme trading and the funds. My guess could be as high as 80%, leaving small investors covering the balance. Just my guesstimate.

The trend for STI is also looking slightly up.

Top gainers were Jardine C&C +78, APB +50, SembMar -26, SpLand +21, DBS +16, UOB +16, STXPO +16, HLAsia +14, SembCorp +13, Wilmar +13, WBL +13, UOL +11. Losers were Venture -8, DairyFarm -6, Creative -5, FuzianZy -3, Allgreen -3, HsuFuChi -3, MCL Land -3.

While other market indicators are pointing up, especially Dow's, our market is still looking very precarious. And the STI indicator is also showing slightly up. In reality our market is as directionless and hopeless as it can be. The only way for it to go up is for the big funds to decide that the market has bottomed and forcing it down further will not gain them much profits, and it is time to fatten the cow for the next slaughter. Then it may move up for a while for the small investors to go long.

I am getting quite sick of this kind of market, more like a jackpot machine. Investors just keep putting money into the machine and waiting for the jackpot that never comes. What happens is a cherry or two once a while.
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what i posted is just my personal view. feel free to disagree.

[redbean]

After two weeks of gain Dow had a decent correction, -101 to close at 10282. Trend is turning slightly with MACDs levelling. This could be a small correction and Dow could still swing back up tonight. Indicators are mixed and Dow's future at the moment is flat. Europe has opened slightly up.

Asian bourses were mostly negative. Nikkei -153, ShanghaiC -40 and Hangseng -155. STI opened down 33 pts but recovered some losses to close -20 at 2762. Gainers were 242 to 195 and volume was 1.2b shares. The second liners and penny stocks, especially S Chips, were the main gainers with news that China is holding back on more curbs on liquidity. Banks and blue chips were down.

Trend of STI is still looking up gently.

Top gainers were Jardine C&C +46, STXPO +24, VICOM +7, Broadway +6.5, HLAsia +6, TianjinZ +6, SembMar +6, China XLX +6. Losers were Venture -22, APB -20, UOB -18, DBS -16, SGX -10, Wilmar -8, GreatEast -8, OCBC -7, Creative -7.

After selling the market for the last one month, today is the first sign of interest to buy back the badly sold speculative stocks. Could this be a one day affair or another feeding season to fatten the goats before the next slaughter?

In less than an hour, Europe and Dow's future have both turned negative with Dow's future at -27.
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what i posted is just my personal view. feel free to disagree.