i only know about this news....

Jan 20 (Reuters) - Singapore's Sembcorp Marine , the world's second largest rig builder, said on Thursday it has signed up to $182 million jack-up rig contract with a wholly-owned unit of Atwood Oceanics.

i thought it is good news?

is there another news today?

Apologies, left out CapitaMall Trust.

White candle today. 

Tags: DBS Vickers | Golden Agri | Keppel | Noble | OCBC

WRITTEN BY DOW JONES & CO, INC

FRIDAY, 21 JANUARY 2011 14:50

Share this  Digg  Del.icio.us  StumbleUpon  Netscape  Yahoo  Technorati  Googlize this  Facebook Export PDF Print E-mail Singapore’s STI is down 0.4% at 3192.60, with selling in banks, commodity plays and rig builders weighing on the index as caution prevails after yesterday’s sharp fall. Volume falls from yesterday, and is at 1.01 billion shares so far. DBS Vickers strategist Yeo Kee Yan says “earnings season has a history of being choppy. Back in December I highlighted that the market should start to rise, but that profit-taking might kick in by mid-January, which is actually what’s happening now. Ultimately I believe that corporate earnings will support the market for blue chips, so downside will be limited in the near term.”  Below 3200, he tips support at 3165. He adds, other than profit-taking, traders may also be paring down holdings ahead of the Lunar New Year holiday (Feb. 3). Noble (N21.SG) is down 1.3% at $2.24, OCBC (O39.SG) is off 0.6% at $9.94, Golden Agri (E5H.Sg) is down 2.0% at $0.725, and Keppel (BN4.SG) is down 1.7% at $11.30.

The first stocks to rebound looks like :

Cosco, NoL, StraitsAsia, ComfortDelgro.

Comfort is defensive stock and investors like to buy this when STI goes bear. Also a buy- call today. Similarly a buy-call for Cosco today.

Let me see if I can post them here. 

so did you sell your s-marine?

i was very tempted to sell at 5.25 just now to free up some capital to buy next week(i think there should be at least 1 stock in my watchlist which would trigger a buy signal)

but end up i did not sell.... i have a feeling that this correction is about to end soon and rally could be coming.... so i holding for hope.......

hope i'm lucky :D

Remember the 3-black candle in a row formation? I placed some shorts there, although not a lot.

Anyway already covered. I used it as a hedge for my Gar actually. 

STI is now in bearish zone, and looks ready to touch the 30% oversold line within another 2-3 days of trading.  

Patience now. 

of course i didn't. There is no way i can carry out mission impossible like our aura.

thanks BT expert!

cosco went up too high, i dare not enter.... waiting for a correction before entering....

comfort.... not my cup of tea.....

thanks alot!! :D 

ooops i just realised that you could be referring to tp for your shorts.....

lol i not good enough to short...... i shall just wait to buy :D

The counters with white candles today in my watchlist : 

Cosco and ComfortDelgro 

my tp will be wee bit lower than that, no hurry

Ok closed.

STI RSI is between 50 and 30, the bearish zone.

If this weekend clear, Monday will be shopping time again.