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This blog is mainly for the convenience of archiving my investing thoughts and notes, and sharing with my close kakis. Hope you enjoy and participate in this sharing of notes and comments. Let's profit together from the bull ride as well as from mitigating the bear.

Sunday, July 3, 2011

Market Update - July 2011

27 July (Wed):
Overall Market:
- More or less continued the trend from prev day with the US debt ceiling issue still unresolved.
- End of the day, HSI & STI closed not much changed (~-.1 & +.2% resp.)
Today:
-
closed OCBC (@9.83) and StraitsAsia (@3.06) long positions for a small gain to preserve capital for other opportunities

26 July (Tue):

Overall Market:
- overnite Dow -88 and Gold up further ~1616 with US debt uncertainty, Silver ~40+; Crude Oil ~99, Palm Oil corrected 40 to 3100. FTSE -10. Tech stocks were fixed: Baidu up 10 pt (~6%) while TI down 1%
*This Week:
Monday: PP on SLM (880) and partly on OCBC as they bounced off Resistance (19.9 and 9.9 resp.).
Watch Lists:
SG: (+) OSIM (reversal?), Kepland, F & N, SembCorp, M1; (-) NOL, CityDev.
HK: Consumers (887, 1114, 1828), Gaming (1928, 200), Banks (1128, 3988, 939)
.

22 July (Fri):

Overall Market:
*Overnite Dow jumped 152 pts; commods mixed: Gold ~1590, Silver ~39, Oil up ~99+; but Palm Oil some profit taking ~3130; FTSE +46. Overall sentiment improved due to Greek assistance package agreement and strong tech stock (Apple, ..) results.
*This Week:

- Yest long First Tractor(38) @10.26 (Break Weekly Peak:10.24)
- KepCorp announced improved results n $0.17-dividend
*Watch list:
- SG: (rebound/reversal) SGX, CityDev
- HK: (Consumer) 116(Chow S.S.), 738(La Saunder)

20 July (Wed):

Overall Market:
*Overnite Dow jumped 200 pts; commods mixed: Gold ~1590, Oil 97+; but Palm Oil recovered to ~3135; FTSE +31.
*This Week:
- Today long OCBC on BR 9.60 (major res.)
- Monday, long SJM(880) on BR19.20 2nd time within a week
*Watch list:
- HKG: (Commod) PetroChina, Jiangxi Copper, Anhui C.; (Banks rebound?) ABC 农行,ICBC 工行, ..
- SG: CityDev (rebound?), GentS (downtrend?), ...

16 July (Sun):
Overall Market:
*(Friday) Dow closed +42; commods firmed: Gold 1595, Oil 97; but Palm Oil dropped -0.9% to 3116; FTSE -3.
*Watch list:
- HKG: SJM, Air China
- SG: CWT, HL Asia, ...

12 July (Tue):
Overall Market:
*(morning) Overnite Dow retreated (-1.2%) over concerns with Euro debts, gold stays ~1540+ while oils weakened crude oil ~94, palm oil ~RM3040;
Today:
*GARw - sold remainder @.16 with slight gain while palm oil price weakens

11 July (Mon):

This Week:
*Straits Asia - bt
@3.03, Macd (turned +ve) n ADX crossover w volume.

10 July (Sun):

Overall Market:
* On Friday Dow (-62), S&P, Nasdaq all closed lower by more than 0.4%; FTSE -63, Palm Oil +RM23, Gold up to 1545; oil opened higher but ended down to 96.4 -2.19

*
GARw - (Golden Agri warrant) sold some @.17 with a gain of $0.02 ~10+% while Palm oil price recovers
Watchlist:
- Straits Asia, GAR, F&N, OCBC, ...
-
SJM (bullish cup & handle), Johnson E., Ch.Metal Recycl., Taifeng, Shangrila (Break Res 20.0), PetroChina, Hangten, ..

6 July (Wed):

Overall Market:
*
Overnite, Dow and S&P made slight adjustment ~-0.3% while Nasdaq is level; Gold and oil are up at ~1510+ and ~96+ respectively while palm Oil continues retreat but stay above MYR3000
*Singapore shares may be buoyed by higher commodity prices, but concerned about spreading Europe debt woes.

4 July (Mon):
(US market closed for holiday)
Overall Market:
*
On Friday, Dow + 168 Nasdaq +42; metals & commod mostly edge up: Gold ~1494, Silver ~34, Oil ~95 but Palm Oil down ~3036
Region:

*Thailand election decided smoothly

*Asian markets get lift from exporters and financials
Local:
- Tiger Air dropped ~10% tis morn upon Australia ban
This Week:
*
CWT sold te remaining tis morn @1.35 as the bearish sign shooting star appeared on Friday
Watchlist:
(eying on rebound play)
- F&N, OCBC, KepCorp, ..
-
Johnson E., Ch.Metal Recycl., Taifeng, Luk Fook, ..

1 July (Fri): (HKG market closed for holiday)
Overall Market:
Overnite Dow continued its mini-rally upon encouraging US data and eased Greece concern; metals steady while oils softened after recent rebound
- NASDAQ+25, FTSE +80; Gold 1501+, Silver 34+; palm oil -37, crude oil ~94.
This Week:
S'pore:
*CWT resumed trading after acquisition announcement, this morn sold some @1.35 to PP (small gain of $.08) on R1(1st Resistance)
, may sell more at next resistance.
*Mapletree IT: sold some @1.17 (with thin gain of .02) to reserve some capital.
*Simulated, paper trade (for practice/short of fund):
- OCBC: on 30-Jun, upon BR9.24 (Bt@9.25, sold@9.40, simulated gain of .15)
- F&N: on 30-Jun, upon pennant breakout 5.70, target R1-5.90 .....(highest 5.87 today)
HKG:
*Dongfeng #489: closed @15 to reserve some capital, after rebound from ~$13.50 on China policy relax of vehicle control (still shy of $16 level before vehicle control announcement)
*Johnson E.#179: Bt @5.07, in initial stage of turnaround (annual results +136%; concern: copper price)
- Sands China: missed its BP19.38 early this week, didn't chase beyond 3%, closed $21 yest.
Watchlists:
- (HK) Dongfeng M., Johnson E., Ch.Metal Recycl., Taifeng (#873), Luk Fook, ..
- (SP)
GARw, Mapletree Ind. (block trades), OCBC, ..