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Ascendas...

Today she opened at 2.93 and traded up to 2.94 : 2.95.
Didnt Dow rally more than +500 pts on Fri ?
Then how come she still cannot break above 2.95 to reach 3.00 ?
Why she cant hold on to her gains and at least maintain at 2.94 : 2.95 ?
Some more can retreat to now 2.92 : 2.93. Why ?
Becoz there is still selling.
Whoever has a SELL order to fill is exploiting Friday' s rally to sell at higher prices to whoever wants to buy.
The selling is quite measured. This seller is not in a hurry to sell. Hence he can wait for buyers to appear at
2.92 to 2.95 and he distributes to them. What happens from here will depend on two things. The first is how
many more shares he has to sell to fill his SELL order and the second is timeline. If his client suddenly says
to sell by this week no matter what, then this broker will no longer has the luxury of time to slowly sell at 2.92
to 2.95. He will have to speed things up abit and that' s when we may see 2.90 breaks. Another factor is whether
Dow suddenly goes into a correction. If that should happen, more sellers (other than the current seller) will
appear to throw to escape the selldown. Then we re-examine the situation and reassess. But fear not if it 
happens. Becoz history has shown again and again that all market crises are triple confirmed, on hindsight,
a buying opportunity. So fear not if a correction comes. Fear only that you have already used up all your
bullets and have no more ammo to scoop at the bottom. 

wavehunter      ( Date: 05-Mar-2021 17:03) Posted: I will do this with Ascendas to illustrate my point. You can do the same with your chosen stock. For Ascendas... today we saw price range at 2.91 to 2.95. In the course of today, we saw the price touched Day Low at 2.91 and after that she traded up to 2.94 : 2.95 which is a good 4 bids above the Day Low of 2.91. But the price is now back at 2.92 : 2.93. When this happens, just ask ourselves what must there be before this can happen. Selling. There must still be people willing to sell before the price can lose ground from 2.94 : 2.95 to go back to 2.92 : 2.93. Meaning there is still selling going on. The selling is not done yet. Becoz if the selling is done, if there is no one left who is willing to sell at below 2.94 when the price was doing 2.94 : 2.95, we will see the price edge up to 2.95 : 2.96 when sellers at 2.95 have dried up and only sellers at 2.96 can be found with no more sellers at 2.95 left. But if the selling is not done...if there are still people willing to sell at 2.93 and lower, we will see the price edging lower when buyers at 2.94 dries up and then even lower when buyers at 2.93 dries up and so on. And for as long as there are still people selling, 2.91 will eventually dry up as well and that' s when we see 2.90. And so on. So long as there is still selling, the bottom isn' t reached yet. That being the case, why buy now. I should wait. I should wait for sellers to dry up first.

 

The Straits Times

Equity markets continued to be roiled last week by rising United States rates and fears that inflationary pressures are building up.

With the 10-year Treasury yield briefly hitting 1.62 per cent mid-week before retracing to 1.577 on Friday, there is nervousness over whether the  Federal Reserve  will taper its balance sheet.

It remains to be seen if the strong February job numbers, announced on Friday, will add to inflation expectations, though 9.5 million Americans still remain out of work and the US economy is struggling to recover.

Among the closely watched data coming this week will be last month' s US inflation numbers.

The blue chip Dow Jones index gained 563.93 points for the week to end at 31,496.30 points, while the broader S& P index gained 30.79 points during the week to close on Friday at 3,841.94 points.

Rising yields hit the tech sector the most, with the  Nasdaq  dropping 3 per cent last Wednesday, and losing 10 per cent from its record highs. But the tech-heavy index managed to end Friday' s session with a 1.5 per cent gain, though for the week it was down 272.19 points at 12,920.15 points.

In Singapore, the Straits Times Index (STI) bucked the Wall Street trend, gaining 64.81 points for the week to regain its foothold above the key 3,000-point level to close out the week at 3,013.85 points.

The three banks supported the index, averaging 8 per cent gains on the back of $850 million of net institutional inflow.

As  Singapore Exchange  head of research Geoff Howie pointed out, the rotation to value stocks, such as banks, has boosted the ST Index by more than 130 points, or 4.6 per cent, over the past 10 sessions.

After being the worst performing STI stock last year,  Singapore Airlines  continued to stand out as a leading index performer this year as it benefited from a global repricing of airline stocks.

The Bloomberg World Airline Index is up 15 per cent over the past nine weeks, despite travel and tourism restrictions still firmly in place.

On the other hand, the rotation to value stocks has hit growth stocks.

" Valuations play a role in the modern-day stock market rotations as seen over the past six months, and this means the global technology sector has also been in focus," Mr Howie said.

The three most-traded tech stocks on the local bourse -  AEM Holdings, UMS Holdings and Venture Corp - have been gradually declining.

UMS and Venture are now down 2 per cent this year, more or less in line with the Bloomberg World Technology Index.

Meanwhile, Venture and AEM have been among the five stocks that have seen the most net institutional outflows over the past two weeks.

But  AEM Holdings, which reported an 85 per cent rise in net profit for its financial year 2020, remains up 11 per cent on the year.

Analysts say given how Covid-19 has hyper-fuelled digitalisation and tightened the tech cycle, this segment will recover and remain in play.

Many market insiders also believe that the recent correction puts stocks on a better footing for the next leg up.

The passing of US President Joe Biden' s US$1.9 trillion (S$2.6 trillion) stimulus Bill will likely be a catalyst for the market' s recovery.

Mr Vasu Menon, executive director for investment strategy at OCBC Bank, said  US Treasury  yields will remain a bane for markets in the short term, given the 0.9 per cent rise since the start of the year. But Fed chairman Jerome Powell remains focused on jobs, not prices, he added.

" Mr Powell said on Thursday that rising yields have caught his attention, but added that he' s not focused on yields per se but rather overall financial conditions which he says are still highly accommodative," Mr Menon noted.

" He also implied that he would be concerned if the rising yields caused disorderly markets, but he didn' t seem to think that markets are disorderly now, which means there are no strong reasons for the Fed to intervene just yet."

In short, Mr Powell seems prepared to accept that inflation will rise with the economic recovery.

That said, rising yields will continue to inject volatility into the market.

The big question is whether the Fed will address this issue at its next meeting on March 16-17.

 

BUY LOW SELL HIGH means sell when market is toppish.
So I suppose its the right thing to do. 

rotijai      ( Date: 08-Mar-2021 10:03) Posted: today is stock clearing day... can i clear all my stocks today

 

WoW, lucky never chiong in. Now 5.33

elisa28      ( Date: 08-Mar-2021 10:08) Posted: Anyone into Ah Mar? 5.36

 

for SG market, only banks ride the positive when mkt is positive

 

Futures + 55

wavehunter      ( Date: 08-Mar-2021 09:55) Posted: Futures at +138.

 

Anyone into Ah Mar? 5.36

 

today is stock clearing day...

can i clear all my stocks today 

 

Futures at +138.

 

Frasers L & C... simi tai chi har?
She was sold down whole of last week and week before.
Today suddenly up 6 cts at 1.39 : 1.40.
Shortcovering???

 

https://eatbook.sg/wholesale-food-factories/

wavehunter      ( Date: 08-Mar-2021 00:11) Posted: Sis ar... Only during pre-CNY or throughout the year and can walk-in anytime one to buy? Do they have any other SALES other than CNY ? Old Chang Kee... the puffs they sell are frozen ones and must ownself deep fry until whole house smoky and oily oily until neighbour  call 911 izzit? CheeryVGoh      ( Date: 07-Mar-2021 18:27) Posted: Bro Wave, Only during CNY period, not just BakKwa, Bengawan Solo at Woodlands link also has CNY Warehouse sales. Hosen (Hock Seng) & yes Old Chang Kee also have warehouse sales. I have gone there a few years already for CNY shopping. https://sg.everydayonsales.com/10-jan-2020-onward-bengawan-solo-cny-warehouse-sale-at-woodlands-link

 

The Bengawan Solo Warehouse Sale was from 10 Jan 2020 onwards.
That was before circuit breaker.
During circuit breaker, hampalang must close.
Then during Phase 2, SALES and BAZAARS and TRADE FAIRS including IT Fair and NATAS Fairs and Roadshows held at mall atriums
were all not allowed. Even now with Phase 3 reopening.... events and fairs at mall atriums are still not allowed. So I think Bengawan has
to stop holding warehouse sale and go back to being solo. 

 

Aye ! Aye ! Sir !



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Kazerin      ( Date: 06-Mar-2021 15:09) Posted: Ah mar, just sweep a eq lows on friday aka Stop hunt We sld see her resuming her uptrend to test the previous swing high at 56x

 

Sis ar...

Only during pre-CNY or throughout the year and can walk-in anytime one to buy?
Do they have any other SALES other than CNY ?
Old Chang Kee... the puffs they sell are frozen ones and must ownself deep fry
until whole house smoky and oily oily until neighbour  call 911 izzit?

CheeryVGoh      ( Date: 07-Mar-2021 18:27) Posted: Bro Wave, Only during CNY period, not just BakKwa, Bengawan Solo at Woodlands link also has CNY Warehouse sales. Hosen (Hock Seng) & yes Old Chang Kee also have warehouse sales. I have gone there a few years already for CNY shopping. https://sg.everydayonsales.com/10-jan-2020-onward-bengawan-solo-cny-warehouse-sale-at-woodlands-link/ wavehunter      ( Date: 03-Mar-2021 14:08) Posted: Can lidat one mare? Normally the owner of a business wont do this as it will be like undercutting his own franchisees. Then he wont get people wanting to be his franchisees ler. Imagine Old Chang Kee sells his signature curry puff to franchisees at $1.00 each and then they also sell at $1.00 at their factory outlet, people who live nearby the factory outlet or want to buy in bulk will order from the factory outlet. That' s unfair to all the OCK franchisees. Coz the retail price for a signature curry puff original (called " Curry-O" ) is now $1.60

 

Bro Wave,

Only during CNY period, not just BakKwa, Bengawan Solo at Woodlands link also has CNY Warehouse sales.

Hosen (Hock Seng) & yes Old Chang Kee also have warehouse sales.

I have gone there a few years already for CNY shopping.

https://sg.everydayonsales.com/10-jan-2020-onward-bengawan-solo-cny-warehouse-sale-at-woodlands-link/

wavehunter      ( Date: 03-Mar-2021 14:08) Posted: Can lidat one mare? Normally the owner of a business wont do this as it will be like undercutting his own franchisees. Then he wont get people wanting to be his franchisees ler. Imagine Old Chang Kee sells his signature curry puff to franchisees at $1.00 each and then they also sell at $1.00 at their factory outlet, people who live nearby the factory outlet or want to buy in bulk will order from the factory outlet. That' s unfair to all the OCK franchisees. Coz the retail price for a signature curry puff original (called " Curry-O" ) is now $1.60. CheeryVGoh      ( Date: 03-Mar-2021 12:15) Posted: Bro Wave, Bee Cheng Hiang, I bought at their factory at Senoko South Road @ 25.20 of minced Bak Kwa, 5 days before CNY, think  it was 10% cheaper than at the malls.

 

Heheh. Anybody want ?   
Cost $12.30 including shipping.

http://ezbuy.sg/product/219633371.html?keywords=clocks& baseGpid=219633371& pl=1& ezspm=1.20000000.22.0.18

 

Ah mar, just sweep a eq lows on friday aka Stop hunt We sld see her resuming her uptrend to test the previous swing high at 56x

 

 

Your WYOB is............ Wriggle Your Own Backside har. 


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TikTalk      ( Date: 06-Mar-2021 09:57) Posted: Capitaland: Immediate support/resistance - 3.15(20ma)/3.30 Short term trend -up other support/resistance - 3.00/3.50 This stock will consolidate with a broader range between $3 to $3.50, suggest trading within this range  for the forseeable near future. For those vested you have a chance to either book profit near 3.30 or wait for a break above targeting near 3.50. Those not long can consider dips best if can get near 3.07 or 3.15 I like stocks trading above its 20 and 200 ma, this one is. Buy near support, sell near resistance with stop below support levels and resistances, adjust a few tics yourself depending on your entry level and threshold. WYOB. Cheers, tiktalk again.

 

Capitaland:
Immediate support/resistance - 3.15(20ma)/3.30
Short term trend -up
other support/resistance - 3.00/3.50

This stock will consolidate with a broader range between $3 to $3.50, suggest trading within this range 
for the forseeable near future.

For those vested you have a chance to either book profit near 3.30 or wait for a break above targeting near 3.50.
Those not long can consider dips best if can get near 3.07 or 3.15 I like stocks trading above its 20 and 200 ma, this one is.

Buy near support, sell near resistance with stop below support levels and resistances, adjust a few tics yourself depending
on your entry level and threshold. WYOB.

Cheers, tiktalk again.