United Engineers (UE): Whooping 26% profit!

Closed UE for a small 26% profit! However I admit I was late in the entry as I was distracted from work during the period of breakout. Though it might go higher later, closed for profit first as it has gone too far up and BBs are waiting to dump shares at 2.40 to buyers resulting in a reaction.

The Weekly Review

This week the EURUSD had an indecision week ending in a doji. AUDUSD went down after that pinbar while the USDJPY slumped. What will happen next?

US Stocks

Dow Jones index has fallen to 50% of its rally. Will it continue to fall or bounce back up? Could be a chance that it will continue downwards as it looks like going for a big consolidation.

Singapore Stocks

Many good blue chips are undergoing a consolidation as it waited for more direction. One of them is Noble Group, after a huge rally, its now consolidating. So are the BBs accumulating or they are actually dumping stocks to the retailers?

The same goes for property developers like Capitaland and Kepland. We shall see how it move next!

The Weekly Review: No Tapering Yet

EURUSD gained significantly this week after the fed announcement of no tapering yet. So does AUDUSD, however Aussie showed strong weakness on Friday pulling back significantly ending a pinbar. Will it continue its rally? We shall see next week. USDJPY is getting tighter for a move.

US Stocks

Dow Jones Index had a good rally. On Friday it gave back most of its gains. So it will be a pullback next week.

Singapore Stocks

Property stocks staged a good recovery from its low.

Now we shall see if property stocks will get stuck into consolidation or will start a new bullish trend.

For REITs lovers, CDL Hospitality Trust is looking good for a buy.

Might look to fly long term for this new stock. After dropping to a low of about 0.84, it rose significantly now.

The Weekly Review: USD Gains Strength

This week ended with the EUR/USD in a long fall while EUR/JPY kept strength. The AUD/USD continues its fall this week, probably falling further.

USD/JPY gained huge strength this week after Ben Bernanke's talk on tapering off Bond purchases. Currently it hits its resistance so will it break up and continue its rally now that interest rates are set to rise soon?

US Stocks

Dow Jones Index reached its another support.

Apple did not manage to gain strength and continues down.

Singapore Stocks

Seems like Singapore stocks still continues with its second wave of selling. Or is it the last wave?

STI recovered strength on Friday. Covering shorts?

REITS continued its selling.

Commodities

Gold continued its fall further as USD gained strength and investors bailed out.

The Weekly Review: Another Crazy Week

EUR/USD continued the upward bounce from last week due to the fall of the dollar. EUR/JPY had a slight weakness and fell but recovered on reaching its support. AUD/USD remained weak.

USD/JPY had a long fall due to weaking dollar and rising Yen for that week. It has currently bounced off a support on Friday after the NFP report as many traders took to take profit or was caught in a squeeze.

US Stocks

Dow Jones Index bounced off sharply after reaching support and also on Friday's NFP report.

Apple is going to unveil its new products soon in the upcoming WWDC. How will it stock react?

Hong Kong Stocks

Became interested in Hang Seng Index recently because of its potential big profits when you are trading long term in it despite its volatility. Hang Seng ended down for the week. Futures from Friday night indicated a slight bounce. So it might open up on Monday.

Singapore Stocks

Properties like Kepland continues to slide in the week.

REITS holders, are you panicking?

Wilmar isn't spared from the fall too. Broke past its support.

Commodities

Gold is still bouncing around as it failed to move any higher. If it breaks further, then it will be a long way down to cheaper gold.

The Weekly Review: Making Yen Cheap

We had a very big rally this week thanks to the BOJ. JPY crosses were explosive. EUR sets for a comeback while the AUD/USD looks bearish. AUD now looks stuck at the support waiting for the breakdown. USD/JPY might continue to rally as it broke out of the high.

US Stocks

Seems the Dow Jones Index fell last night and recovered. Still stuck in a consolidation range.

Has Amgen finally reached the top?

Singapore Stocks

Singapore stocks looked very weak on Friday with most stocks plunging down.

Genting on the lifeline.

Properties looking weak.

But REITS are still going strong.

Commodities

Gold had reached its major support and rebounded.
Let's take a look at the weekly.

Will gold rebound? Or will it breakdown and cause a gold panic?

The Weekly Review: Happy Chinese New Year!

Happy Chinese New Year! For the Chinese, this is a very festive occasion as everyone celebrates the lunar new year.

The origin of Chinese New Year is itself centuries old and gains significance because of several myths and traditions. People celebrate the Chinese New Year. Chinese New Year is celebrated in China and in countries and territories with significant Chinese populations, including Hong Kong, Macau, Taiwan, Singapore, Thailand, Indonesia, Malaysia, Mauritius, Philippines, and also in Chinatowns elsewhere. Chinese New Year is considered a major holiday for the Chinese and has had influence on the lunar new year celebrations of its geographic neighbors.

Within China, regional customs and traditions concerning the celebration of the Chinese new year vary widely. People will pour out their money to buy presents, decoration, material, food, and clothing. It is also traditional for every family to thoroughly cleanse the house, in order to sweep away any ill-fortune and to make way for good incoming luck. Windows and doors will be decorated with red colour paper-cuts and couplets with popular themes of "good fortune" or "happiness", "wealth", and "longevity." The evening preceding Chinese New Year's Day is an occasion for Chinese families to gather for the annual reunion dinner. Activities include lighting firecrackers, wishing relatives a happy new year, and giving money in red paper envelopes.

Forex

Back to our analysis, the Euro has given up on bulls and bears has taken over after last week of rally. Aud/usd will continue to show weakness.

US stocks

The Dow Jones Index continues to consolidate. Waiting for a breakout?

Amgen went back up and consolidates.

Alcoa continues to consolidate. This is a very good potential investment as the risk reward is very good.

Wells Fargo may still consolidate.

Google. Forgotten to eyeball this stock and it soared to a new high.

Singapore stocks

Congrats to those who bought Genting SP. That was a good rally.

Wilmar. Put it in your radar and wait for that signal to long.

Yanlord looking for a good long.

WISH ALL A HAPPY CHINESE NEW YEAR!

The Weekly Review: Singapore stocks are rallying

Eur/usd has broken out of consolidation and has a rally. EUR is strong here. However, Aud/usd is looking weak, continuing with it's drop. More upside for EUR.

US Stocks

Apple had a big gap down on opening as investors get emotional and continues to sell.

Wells Fargo might be looking good for a long.

Singapore Stocks

STI will continue to rise and break new highs. It had formed a pinbar which signalled a bullish movement.

Genting SP is currently in consolidation mode. Might be gearing up for CNY.

Seems property is not going to fall, Capitaland and Kepland continues with their buy up.