Short GBP/USD Oct 26, 2012

Shorted GBP/USD last week.The trade is still open. Trading is based on channel pattern and bounce off the resistance. Since the counter has been tracking this channel nicely last few weeks, it is quite a good trade. Apart from that, the 1-hour & 4-hour charts are inline with daily chart. This kind of pattern is not easy to find.

Generally, leave the trade open over the weekend is taking additional risk.

Currency Trade: EURGBP Oct 23 2012

Currency Trade recommended by Kathy Lien:

Comment:
Probably need to wait for a few days to see if the trend really reverse.

SGX Stock Watch - CSE 20120622

Just to follow up on the previous post about CSE that I did on April 02, 2012. I mentioned that break above 0.85 is potential for long. However, the market condition was not conducive enough. The counter continued its downward movements as shown in the recent chart:

Even though at the current moment, the upper trading range appears to be 0.83, the major trend is down and this upper limit is also trending downwards. The support is currently staying at about 0.70. Technical indicators are consistent, signalling continuation of the current trend with slight bias toward stabilizing price.

SGX Stock Watch 2012-04-02

Potential counter for long trade:
CSE Global. Wait for the breaking out of the symmetric triangle. This counter will become bullish if the price breaks above 0.85.

Target >1.20 or higher. Entry after 0.85.

Market Trend March 06, 2012

Has not be blogging since I was involved in a major project. Partly due to change of computer, the setting up was not quite ready.

It appears to me that the bulls are running a little bit tired. Some form of corrections should be in the cards. Maybe, it will not be major since there are still liquidity and Fed is always ready to intervene by injecting more money. Now that Greece issue is no longer a major concern, the market will be focusing on other issues. So far, economic data has been decent and it appears the economy is getting better though not that good. US presidential election coming, Fed is always ready to "help" the incumbent. That's how they protect their job?

Capitaland has been going through the down trend for over 12 months. From the look of it, it is still not out of the woods yet. Based on current Real Estate environment, it is likely that the counter is going to turn bullish anytime soon.

This counter has been in my radar for a long time. I had made some money buying and selling this counter. However, to enter into this counter at this time is not the best thing to do. However, it is worth while watching this counter.

Market Analysis: 2011 Rally(?)

Earlier this year, there has been much talks about 2011 year end rally. I believe there are some investors who bought into this idea. From the last 2 weeks, the out look has changed a lot. It seems clear that some of the guru's  prediction of 2012 market collapse is becoming more realistic! Are we heading for a double dip market? Is the recession unavoidable?
From the technical analysis, here is an interesting article that I like to share:

http://www.etfguide.com/research/705/8/The-Chart-That-Trumps-Analysts-Call-for-a-Year-End-Rally/

This is a very classic, standard technical analysis using support lines and patterns. If technical analysis is reliable, we should see the market moving towards the 2009 lows or even more within the next few months.

As an investor, it is better to be cautious. Be alert to the market movements and make sure we have our cut-loss rules in place.