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Buy or Sell Stocks now

Buy or Sell Stocks now

I think we had reached a point where people are asking this question, should we buy or sell stocks now. The interesting about blogging is I get to  see the kind of queries that my readers key in, hence understand what is the current market demand. Until yesterday, there are a lot of queries on “buy what stocks now”, ” buy capitaland”, “which stocks to buy now” and etc. Yesterday Singapore Straits Times Index closed at 2621. In my previous posting, I mentioned that STI may hit 2600 and possibly some overselling to hit 25xx region. That’s why I am a bit concerned that many people are starting to look for bargain because market has not hit rock bottom. Today STI dropped something like 90 points (!?), and I saw queries like “short sti”, “short what stocks now” and etc. It’s natural. Seriously who can feel bullish now? How often u experience this kind of drop.  But for those who are thinking of shorting, be careful. STI dropped 190 points for 3 straight days without any decent pullback. While we are definitely in a bear market, any shorting (especially with leverages) has to react fast to any possible retracement. Entering new short positions when sti has just lost 190 points is not wise to do. Either we can wait for bullish signal to trade short term long position (anti-trend) or wait for the market to retrace up and short from there again.

Buy or Sell Stocks now – Bullish signs

At local time 2315H (GMT1515), I noticed there are some bullish signs emerging from 4 indices: The FTSE, S&P500, Nikkei and STI futures. Let’s take a look at the charts.

 

 

 

Buy or Sell Stocks now

Now, looking at the signs, do u like to buy or sell stocks now? The circled candlesticks are “hammer”, indicating that the markets are showing strength. Of course, it is still early now (in USA). It very much depends on how the US market closed tonight. If the upward force is sustainable, we could be seeing some greens at least for the next 2 days. Whether it’s a genuine recovery, it’s still too early to tell.

 Buy or Sell Stocks now – Violatile Market

Market has the knack of recovering when everything seems doom and gloom and came crashing down to earth/hell when the feel-good mood is returning. One of the way to trade is to enter short term/intraday positions. Lock in full/partial profits when the market is running in your direction, stay nimble and exit unfavourable position at the earliest sign of warning. Go small on anti-trend positions too. So if u ask me buy or sell stocks now, I say fast fast sell sell sell, next moment fast fast buy buy buy, definitely not for the slow or weak-hearted.

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The Big Market Crash

The Big Market Crash

The big market crash on Thursday had sent a lot of longists reeling from their positions. Frankly speaking, it was not totally unexpected. The technical analyst would probably got an early warning on Tuesday. The Dow Jones closed with a bearish evening star on Tuesday, rising till +140 before coming down to close at +7, and on Wednesday, before Bernanke’s open his mouth, Europe closed with a bearish engulfing. Market was prepared to fall irregardless what Bernanke say. Anyway, there were two main things that he mentioned. (1) USD 400 billion stimulus package (2) the economy is getting weak. Now, if the market was prepared to move up, it will respond to (1), and if the market is prepared to go down, it will respond to (2). Seriously, is this the first day we heard that the economy is getting weak? U just need a reason to initate the big market crash.

The Big Market Crash – Singapore Straits Times Index

Personally I had short positions on Golden Agri and Noble since Monday. Today was actually quite a rare day for me that I did not even switch on my computer for the whole day until now to update the blog! At 10am local time, I check my ipad for updates. Knowing market is coming down with heavier vol, I know the drop could last 2-3 days in a row. So i don’t need to on my PC since I know my short positions are safe, and I don’t need to profit-take today either because i reckon market will remain weak for at least 2-3 days in a row. Instead, I brought my elder son to watch Smurfs at Bishan Junction 8, and later in the afternoon took a 1 and half hour run to train for my Singapore Stanchart Marathon run (i am still far far away from being marathon-fit). Anyway, lets look at the Singapore Straits Times Index to see how things are shaping up in the next few sessions.

The Big Market Crash

STI immediate target is to test 19 Aug low of about 2670. That should provides some temporary support, but i doubt it can hold for long. Once breached it could head all the way till the 2600 region, possibly till 2580. This level should be credible to hold the market up for a while. I reckon Dow Jones will continue to drop till the very major psychological support of 10,000. Price should trend sideway for a while at that level. Don’t be surprise buying pressure starts to seep in then.

The Big Market Crash – Sell, sell and sell

But for now, market is still in a selling mode. Don’t be too tempted by the seemingly cheap prices. The market does not come down in a straight line. The bargain hunters will provide the interval support. In a long run, so long the eurozone crisis is not solved, there will always be reasons to push down the market. But I am staying cautious to quickly take profit from my short positions once any strength is detected. We are coming to the end of September; Window-Dressing. By the next 2 to 3 days, market could be pretty depressed that fund managers may take chances to buy up some shares. So let’s stay alert. The big market crash makes it looks dark and gloom, but with such a violatile market nowsday, who knows what may happen next.

 

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Singapore Stock Exchange

Singapore Stock Exchange

The Singapore Stock Exchange, or simply known as the Singapore Exchange(SGX), is located along Shenton Way, right in the heart of the Central Business District.  Like many other exchanges in the world, examples, Hong Kong Stock Exchange, London Stock Exchange, New York Stock Exchange etc, the Singapore Stock Exchange is an entity that facilitates the process of selling and buying of shares and other tradable financial products in the market. In Singapore stock exchange, there are two types of listing: the SGX Mainboard and SGX Catalist (formerly known as the SESDAQ). The SGX Mainboard listing requires companies to have a certain amount of market capitalization and operating track records. However for Catalist, there is no quantitative requirement. The word catalyst is a combination of “catalyst” and “listing”. Essentially it is a secondary board which gives relatively new but fast-growing companies a platform to raise capital. Singapore stock exchange itself is listed in the Mainboard.

Singapore Stock Exchange

 

Singapore Stock Exchange – The Facilitator

The word Exchange means the act of transaction. In stocks, there is a buyer and a seller. Of course, they do not meet up with each other to handover their shares and cash. Their orders will be keyed in via their respective brokerages, which in turn go through Singapore stock exchange for the shares to be cleared for buying and selling.

In a simplistic term, it makes sure the shares are in order, cleared them, and allow the transaction to go through. Along the way, it charges a “clearing charge” for, well, clearing the transaction. As a listed company, it is essential that Singapore stock exchange remains profitable with consistent and improving revenue. Stocks or otherwise known as securities clearing revenue are only part of the whole setup. Besides clearing for securities trading, it is also responsible for Initial Public Listing (IPO) where companies prepare to get listed in the trading boards. Various securities products are also housed under the Singapore stock exchange.

Examples, bonds, debentures, equities, exchange traded funds(ETFs), Real Estate Investment Trusts (REITs) and warrants. In the derivatives market segment, Singapore stock exchange provides a platform for trading, trades clearances and market data feeds for the traders. One of the primary derivative product in Singapore stock exchange is the Morgan Stanley Capital International Singapore Index (SIMSCI) is fast gaining popularity in Singapore. It tracks the movement of the Singapore Straits Times Index and other regional stock exchanges indexes closely, and reacts accordingly. Again, any form of transaction will incur clearing fee.

Singapore Stock Exchange – Investing in SGX

Obviously if we ever want to invest in a company for the long-term, SGX is possibly one that is high on the list. I would not go through the fundamental analysis(FA) of the company in this posting because in FA itself, there are many perspectives; some are focused on the Price-Earnings ratio, Earnings Per Share, book order, etc etc.  While I am not a FA guy, I am also concerned if I am to invest in a company in a long run. I am not convinced by FA alone. But if you show me that you have the cash, then yes, you are possibly a winner. In Oct 2010, SGX announced a $8.3 billion deal to attempt to take over the Australia Stock Exchange. It would have strengthened SGX position in the Asia Pacific region significantly.

However, the politicians in Australia deemed that the deal is not in the best interest of the Australians, thus it was blocked, and the deal broke off. Now, to me, this whole saga revealed 2 things about SGX to me. Firstly, it is cash rich. It has the financial muscle for future takeover deals to make it a bigger and stronger entity. Secondly, however, it is intriguing to know that despite having that number of billions in hand, since that ASX saga, there have been no movement on SGX part to attempt to further consolidate its position.

It seems like that they are not making money working hard enough for them. But wait! We are in the midst of an economy crisis. We had heard it often enough now, the sagging US economy with stagnant growth and jobs creation, the never-ending Euro crisis, China slowing growth, worldwide accelerating inflation and the list goes on. When there is an economy crisis, the fundamentally strong and cash rich companies are the ones that will recover the fastest and fiercest when the momentum starts to tick upwards. SGX could be bidding its time, for a right time and right moment to capture a good catch. I don’t know yet, but it would be disappointing if it doesn’t.

So the mega question would be, is it the time to enter the market and snap up some SGX shares now? For the technical analysts and short term traders, it would not matter that much since they can always turn long to short, short to long the stock according to the momentum. But for long term investors, it would be good to stay sideline for a while. Just like the Singapore Stock Exchange itself, stay cash rich and wait for the right moment to pounce.

 

Back to Best Stocks To Buy Right Now | Singapore Stock Exchange

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Timid Trader apps

Dear all

It had been almost a year since i started this blog. Recently, I had query from readers whether I have any apps so that they can read the latest news/posts snippet via their phones. I had actually consulted some apps expert to help me to create a Timid Trader apps.

However I would also like a feedback on, besides the regular blog postings, what are contents/items that readers would like to include. Hence I am creating a very simple poll to consult everyone on what are the things that u would like to see appear in the apps.
 
You can go to this link for the polling http://www.surveymonkey.com/s/MYFDRL6

At the same time, do drop me an email using the contact me page if you have any recommendations that is not included in the poll options

 

 

Download Your Free Insiders Online Stocks Trading Tips And Tricks (Worth $37)

Learn The Most Effective And Little Known Insider Secrets That Will Let You Master The Art Of Online Trading Save A Lot Of Time, Money, And Other Hassles In Direct Transactions…! Fame Is Beckoning You…Just Grab It!

On top of that, you will also be subscribe to the Weekly Stock Trading Newsletter where you will regularly receive special member-only insider information, discount and freebies. You will also be notified when new and interesting articles are posted.

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