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does this particular news affect the STI closing today on a small dip? :
China's trade surplus soars 85.5 percent to record in June
despite all the good news about our economy...during the last hour of trading...i saw many reds...and eventually STI down 6points...rather flat day...hmmm...what's happening man!
| Posted : 10 Jul 2007 0808 hrs |
| Singapore's economy picked up sharply in the second quarter, beating forecasts with a blistering 8.2 percent gain after an already strong 6.4 percent expansion in the three months to March, official figures showed Tuesday. |
around when will the reports be out approximate range (which wks)?
STI's progress will still depend on companies HY2007 reports. S'pore is now experiencing another golden era. Lets hope it can lasts longer B4 it ends.
today's penny stocks look rather flat...little gains and little losses...but many neutrals
Bloomberg Today:
Singapore Economy Grows at Fastest Pace in Two Years
July 10 (Bloomberg) -- Singapore's economy grew at the
fastest pace in two years as soaring demand for apartments and
offices spurred construction. Stocks surged to a record.
Gross domestic product expanded an annualized 12.8 percent
in the three months ended June, up from a revised 8.5 percent in
the first quarter, the trade ministry said today. Growth
exceeded all forecasts by economists surveyed by Bloomberg News.
From a year earlier, Singapore's $134 billion economy grew
8.2 percent in the second quarter after gaining a revised 6.4
percent in the previous three months. Economists were expecting
6.7 percent growth. ``Demand is largely driven by financial institutions which
are expanding their presence here,'' said Greg Johnson, the
Singapore-based commercial department manager at real estate
consultant Colliers International. ``Singapore is more favorable
than Hong Kong in terms of quality of life, ease of setting up a
business and rental overheads. Demand will outstrip new supply
until 2010.''
The economy this year will probably grow at the higher end
of the government's 5 percent to 7 percent forecast, spurred by
property transactions, and financial and tourism-related
industries, and as overseas demand for electronics improves,
economists say.
``The outlook for electronics output and exports in the
second half is brighter,'' Varathan said. ``That will add more
positively to growth for the rest of the year.''
- CIMB Today -
Immediate outlook:
The Straits Times Index (STI) closed the week at 3,561.96, or 13pts higher week-on-week. Again, we foresee the index being stuck in a range for now as it is consolidating. We are maintaining the sell on rallies strategy due to the negative divergence on the indicators. This week, we expect the index to stay within the 3,480 and 3,600 range. Switch to lower liners as they still looks bullish on the charts.
Medium-term outlook (2-6 months):
The long-term uptrend channel for the index is intact but the buying momentum behind the medium term bull is slowly easing. Indicators have just confirmed that a new medium term downtrend is already on its way. It may be wise to start unwinding some of the shareholdings on rallies as we still do not foresee a breakout happening now. Nevertheless, we are in a bull market (hence the consolidation is expected to be short) and a break above the 3,650-3,700 would suggest that a new medium term rally has begun. For now, the index has a strong support at the 3,330 level.
Indeed market has headed higher:)
Think market is headed higher. Don't think it will be flat for long.....
the near term market is still quite cloudy with no clear vision...up and down leads to a flat market
From Briefing .com
Bottom Line
The market momentum from the rally that started last July is gone. Earnings growth is slowing down. There are concerns that interest rates will move higher. The economic outlook is decent, but not great.
These are not the conditions of which great rallies are made.
There is also the risk that, as sentiment shifts, some new fear arises. If that occurs and the market takes a hit, it may present a buying opportunity because valuations are decent. But any market slide will produce talk of a 10% correction, because the chartists note that the stock market has had its longest rally in decades without any such correction.
We aren't bearish, but there are risks, and conditions are not such that there will be easy money to be made in the months ahead.
As always:
We believe that the best way to participate in the wealth creation machine known as the US economy is to own stocks. There are plenty of investors that first got into the market in the late 1990s, and learned that stocks can go down. However, it is wrong to conclude that rising stock markets always mean a bubble and then a crash. Over the long term, the indices march higher. Right now, stocks are reasonably valued and the outlook for the economy in the years ahead is good. Stocks will provide good long-term returns.
MM Lee has spoken on today 8 July 2007. Sunday Times...It is our golden year..STI should run up till National day with some profit taking in between.
Straits Times Index Last:3561.96 Vol:4,102,1000 
+10.28
Wow...
That short article on Fibonacci really fascinates me no end...
even though I've already been ecstactic about it for 3 decades.
But in my experience, it is more suitable for commodities futures trading...
where there's virtually no upper limit (and to a lesser extent, lower limit) for prices... 
Lesson of the Day
with Jeff Drake
Fibonacci Retracement Levels
Using Retracement Levels in Your Trading
Leonardo Fibonacci da Pisa was a thirteenth century mathematician who (re) discovered what is today known as the Fibonacci sequence. Adding 1+1 and then continuing to add the sum to the previous number will arrive at this numerical sequence. The sequence gives rise to the following numbers: 1, 1, 2, 3, 5, 8, 13, 21, 34, 55 and so on.
Ratios of these numbers to each other give us important values: 62%, 50% and 38%. The prevalence of these ratios can be found all around us - from the double helix of DNA to spiral galaxies! The pioneering work of traders like W.D. Gann and R.N Elliott also showed that these ratios are prevalent in the financial markets. While there are many uses for these ratios in technical analysis, we are going to concentrate today on Fibonacci Retracement Levels.
Many technicians have noted that markets tend to reverse or consolidate once they reach one of these ratio levels (measured from the distance of the previous trends reversal). They can used as entry levels, exit levels and even as a money management tool (as in OmniTrader's Eighth Tool).
To identify Fibonacci Retracement Levels, you must first identify the latest peak and valley in the securities chart. Once this is done, you can measure 3/8ths, 4/8ths and 5/8ths of the distance from valley to peak (or vice versa if you are looking at a short position). In OmniTrader, there two tools that help you do this. The Fibonacci Retracement Tool will try and identify the latest peaks and valleys and then show you where these important levels are located. The Eight's Tool in OmniTrader allows you to draw across the latest peaks and valleys yourself and then see how that trend divides into eighths.
Fibonacci Retracement Levels are one of the most powerful (and underused) tools available to traders. These measurements are of great use with any market that is reasonably liquid.
|
Broadcom shows a nice example of a reversal at 62% of the previous trend
Another 62% reversal example for AMKR
SAP shows a nice turn at the 50% retracement level
|
DOW LAST NITE
Holding.. Dow trades back and forth throughout session, remains near overall highs. From prior commentary, "...The Dow has had a tough time with the 13,700 resistance level, but could test this level again soon. Watch 13,600 for signs that 13,700 will be tested early Thursday morning..." The Dow opened the day with a mild pull-back this morning and trended mostly lower beneath the key 13,600 level, as seen in the 15 Minute Chart. The index reversed from lows to end the session with a nice advance, but still closed with an 11 point loss since it was not able to break above the 13,600 level, which is clearly the doorway to major resistance at 13,700. The Daily and 60 Minute Charts show the Dow continues to hold near the middle of the large trading range that continues to build out. This range spans from 13,250 and 13,700 and has continued to develop over the last two months and could eventually lead to a huge breakout move. First, however, we will need to see how the Dow responds to major resistance at 13,700. This level has turned away the index many times over the last several weeks. Watch 13,600 tomorrow for signs that 13,700 will be tested. Otherwise, a break back below 13,500 could mean another wave of weakness back toward support. Short Term Dow The Dow closed the day beneath two-day resistance at 13,600, seen in the 5 Minute Chart. Watch this zone for early direction at the Open. Medium Term Dow In the medium term, we are still out of the market and will watch 13,700 up, and 13,500 down; using 20 point stops. NASDAQ & S&P The NASDAQ and S&P each rallied from the lows of the session, but the tech-heavy index clearly paved the way for the indexes to push higher. The fact that the NASDAQ is rallying much more than the broader market could be really bullish for the broader market, or really bearish for the NASDAQ. Watch how this divergence plays out. Summary The Dow closed the day quietly today and continues to hold within a relatively tight 100 point consolidation. Look for a breakout from this range for early direction tomorrow. Thanks for listening, and Good luck in your trading! Ed Downs
There's a contribution by an ex-professional in today's Straits Times (Forum Page) about stock
investing.
It is sound long-term advice and cautionary in these times of bull...
Worth a read...
Next week is Friday the 13th.
How ah?
Any Black Friday predictions?
some top trading stock that has run up yestersday..
| THBEV |
|
0.260 |
-0.005 |
-1.9 |
197,570 |
12,470 |
0.260 |
0.265 |
10,540 |
0.265 |
0.260 |
MFG |
| s |
 Jade |
|
0.190 |
+0.035 |
+22.6 |
156,002 |
5,143 |
0.185 |
0.190 |
5,402 |
0.190 |
0.155 |
MFG |
| s |
Lexicon |
|
0.095 |
+0.005 |
+5.6 |
141,299 |
1,699 |
0.095 |
0.100 |
9,425 |
0.105 |
0.085 |
MFG |
| |
 FHTK |
|
0.020 |
- |
- |
122,825 |
362,111 |
0.015 |
0.020 |
7,165 |
0.020 |
0.015 |
COM |
| |
Eastgate |
|
0.120 |
+0.010 |
+9.1 |
112,817 |
16,711 |
0.120 |
0.125 |
11,196 |
0.130 |
0.115 |
MFG |
| s |
Armarda |
|
0.340 |
+0.020 |
+6.3 |
104,880 |
918 |
0.340 |
0.345 |
181 |
0.360 |
0.320 |
SERV |
| s |
 Equation |
|
0.265 |
-0.020 |
-7.0 |
103,769 |
4,410 |
0.265 |
0.270 |
2,245 |
0.290 |
0.260 |
MFG |
| |
Japan Land |
|
0.170 |
+0.010 |
+6.3 |
103,622 |
11,078 |
0.170 |
0.175 |
12,322 |
0.180 |
0.160 |
SERV |
| |
LottVis |
|
0.685 |
+0.045 |
+7.0 |
86,141 |
296 |
0.685 |
0.690 |
800 |
0.700 |
0.660 |
SERV |
| |
Penguin |
|
0.370 |
+0.015 |
+4.2 |
81,039 |
6,468 |
0.365 |
0.370 |
485 |
0.385 |
0.360 |
TSC |
| c |
StarCrusUS$ |
|
0.465 |
+0.010 |
+2.2 |
77,461 |
5,109 |
0.460 |
0.465 |
472 |
0.470 |
0.445 |
TSC |
| |
Del Monte |
|
0.800 |
+0.115 |
+16.8 |
71,122 |
17 |
0.795 |
0.800 |
236 |
0.905 |
0.675 |
MFG |
| |
ChinaSsine |
|
0.530 |
- |
- |
68,362 |
262 |
0.530 |
0.535 |
447 |
0.595 |
0.525 |
MFG |
| |
ChipEngS |
|
1.010 |
+0.035 |
+3.6 |
59,476 |
609 |
1.000 |
1.010 |
75 |
1.050 |
0.975 |
CONS |
| |
SSH Corp |
|
0.380 |
+0.020 |
+5.6 |
54,776 |
3,092 |
0.375 |
0.380 |
275 |
0.390 |
0.370 |
COM |
| |
CSC |
|
0.455 |
-0.010 |
-2.2 |
50,667 |
1,533 |
0.455 |
0.460 |
3,147 |
0.475 |
0.450 |
CONS |
| s |
Chasen |
|
0.020 |
- |
- |
48,293 |
206,671 |
0.020 |
0.025 |
269,681 |
0.025 |
0.020 |
SERV |
| |
BanJoo |
|
0.240 |
- |
- |
46,840 |
16,266 |
0.240 |
0.245 |
2,396 |
0.250 |
0.240 |
COM |
| |
BBR |
|
0.180 |
-0.005 |
-2.7 |
45,189 |
13,224 |
0.180 |
0.185 |
2,077 |
0.190 |
0.180 |
CONS |
| s |
Oculus |
|
0.365 |
-0.010 |
-2.7 |
43,248 |
430 |
0.365 |
0.370 |
145 |
0.400 |
0.360 |
MFG |
