EUR/USD near trendline support
Before anyone forget, there is also a trendline support near EUR/USD now. If it can recaptures this trendline support, bulls have hope.
Personal opinion
In my personal view, this “consolidation”/sell-down is good if we are to have a Christmas rally. Why? Do you expect market to rally for 2 continuous week till Christmas and New Year? It is like running a marathon: you want to save your energy for the last burst. If you run with energy right from the start, by half way, your battery will be low and even if you want to run, your legs just cannot take it. Therefore, let this market get oversold first, then the bull will have some charge in its battery. Logical, right?
However, if the market refuses to let the bull to rest, then it is another story… Funny, retailers always want the bulls to run 365 days a year.
F&N – Also a possible bear flag in formation
Brother flocks together? Similarly like Capitaland, F&N also has a possible bear flag in formation. Support to watch out for is 5.90 which also coincides with the 100 and 200 daily moving average.
Capitaland – possible bear flag formation
If market goes bearish, be careful of Capitaland as it looks like a possible bear flag being formed. Support to watch out for is 2.31. Breaking 2.31 support would be bear flag in play.
Dec 12, 2011 Weekly Singapore Stocks with Jonathan Tan
EU summit was a “success” and Aunty Merkel got what she wanted. This week has quad witching which means market will be very volatile. We are coming close to the end of 2011. Will Straits Times and Singapore stocks closed higher? How will this week be? Find out what it is in this week video edition.
Remember to let your friends know about this video, Facebook and weekly webinar (Thurs 10am). Thanks.
HL Asia – Hammer seen at support
Forgot to highlight this in the video but spotted this hammer in HL Asia. Do be cautious as market will be in a volatile week this week.
Note: There will be no webinar tomorrow on Thursday.
Hi, This is the new SIRI putting in a post on behalf of Jonathan. As he is away at the moment, there will be no webinar tomorrow on Thursday. He will update everyone on the YouTube this weekend. Therefore do tune into the YouTube to get the latest update. Once he is back, I will make sure he will shout out loud to everyone. In the meantime, he ask me to pass a message to everyone to stay safe, be cautious and always protect your profits.
You have a nice day…
Dec 5, 2011 Weekly Singapore Stocks with Jonathan Tan
Non Farm Payroll reported at 120,000 which is inline with market expectations. Futures remain neutral and did not spike higher as it already priced in the number. Moving forward, how will next week be? Can Singapore stocks continue to go higher? Find out what it is in this week video edition.
Remember to let your friends know about this video, Facebook and weekly webinar (Thurs 10am). Thanks.
Dec 1, 2011 Mid-week Singapore Stocks with Jonathan Tan
Market REBOUNDED, and it rebounded with huge upside. This morning, a lot of Singapore stocks gap up. For those that have yet to enter any stocks, what shall they do? Can Straits Times still go higher? Find out what it is in this live recording of mid- week video edition.
Remember to let your friends know about this video, Facebook and weekly webinar (Thurs 10am). Thanks.
