
STI following regional cues should be flat or bearish.
Selective stocks may still be bullish today.
Australia is trading lower at the moment.
Ok thats all for the morning outlook.
Trade safely and I will be back at lunchtime !
BullishTempo ( Date: 29-Nov-2010 07:37) Posted:
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Black Friday is giving some cause for cheer for retailers in the US. Data will be released tonight, and estimates are bullish on retailers. Data should show more people are willing to open their wallets and spend more during the festive season.
If this data is correct, Monday night Dow Jones, ie. tonight is very likely to be bullish. STI is likely to move higher tomorrow barring any surprises from Korea or Europe.
Game plan for now till mid December is to catch stocks that are bouncing off their lows. These stocks will tend to move against the broader market even as the broader market is moving lower.
On my watchlist right now.
Singpost, Comfortdelgro, Noble, NoL
Commodity stocks are still hot, due to the in-flush of liquidity and expected drop in supply due to weather issues affecting harvest. CPO futures are also moving off the lows from the correction the last 2 weeks. Demand for CPO from China and India expected to rise in the coming year.
Risk factors include the possible cap on price of CPO in China. However, subsidies given by Chinese government to general public for purchases of commodities is a plus factor.
http://www.palmoilhq.com/crude-palm-oil-cpo-futures/
CPO plays - Golden Agri and Indofood Agri.
Wilmar is still low on sentiments.
BullishTempo ( Date: 29-Nov-2010 07:22) Posted:
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Some stocks are really cheap after the sell-off.
I will be catching some of these stocks as they bounce off the lows.
GenSp is currently weak on sentiments, but I expect it to pick-up next month or starting of 2011.
Property stocks are weak as well due to the property-cooling policies in China and Hong Kong. Capitaland and Kepland are both vested heavily in China, especially for Capitaland. And you observe the downside getting steeper for Capitaland.
Trading volume is generally low during the holiday season in December. So the market will only move substantially in January.
I expect STI to trade range-bound between 3130 and 3300 till January.
BullishTempo ( Date: 29-Nov-2010 07:15) Posted:
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Hi guys I am back.
Will be doing monitoring of market today, probably not trading much. Market has been volatile these few days with the Irish bailout and korean skirmishes.
I expect the korean hoo-ha to blow over by mid December. Irish bailout worth 112.5 billion is already confirmed. After Irish, next in line is Portugal and Spain. So the European woes are not over yet.
http://www.marketwatch.com/
bladez87 ( Date: 29-Nov-2010 06:39) Posted:
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woah wiki leaks revealed a lot of sensitive info... best not to be vested now in case really spark off WW3.
i think everyone guessed Iran was getting rockets from NK but now exposing so many dirty secrets...
donno what the founder of wiki leaks is doing, is he planning for a WW3?
who knows. Depends on world news more than charts now. A complex package of Korea conflicts (or respite?), Ireland and forex.
Leinadgnow ( Date: 29-Nov-2010 02:02) Posted:
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By James G. Neuger and Stephanie Bodoni - Nov 28, 2010 9:24 PM GMT+0800
Ireland’s negotiations over an 85 billion-euro ($113 billion) aid package came down to setting the interest rate it will pay on emergency loans as European finance ministers battled to contain the fiscal crisis.
A “staff-level” accord on Ireland’s aid will be endorsed today, European Union Economic and Monetary Commissioner Olli Rehn said today in Brussels. French Finance Minister Christine Lagarde said Ireland’s interest rate is the only “little detail” to be nailed down.
With 10-year bond yields climbing above 7.5 percent in Greece, Ireland, Portugal, Spain and Italy on Nov. 26, European leaders are fighting to prevent the spread of Ireland’s fiscal woes from threatening the survival of the 12-year-old euro.
“We have to discuss the broader ramifications of the current crisis and we have to discuss a systemic response to this crisis,” Rehn told reporters as the officials gathered in Brussels for a meeting that was only announced this morning.
pharoah88 ( Date: 28-Nov-2010 17:32) Posted:
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No casualties occurred from the accidental discharge that took place at around 3 p.m., the officials said.
WHO is STRONG ? ? ? ?
WHO is weak ? ? ? ?
Is North sO STRONG ? ? ? ?
Is sOUth sO weak ? ? ? ?
Is Rest Of wOrld sO sO weak ? ? ? ?
firewood ( Date: 28-Nov-2010 14:56) Posted:
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Gaecia ( Date: 28-Nov-2010 16:34) Posted:
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bladez87 ( Date: 28-Nov-2010 15:47) Posted:
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at first i was wondering why you address me as master, then i realised. why monitor me? i am scaring everyone to think like me, that a war might break out. then everyone will not buy. but i might miss out the ride if i am wrong again. which is quite ironic, cause on 1 hand i want to buy cheaply, so a disaster is needed, but a war... not nice ya?
now no need watch market, just watch news can liao. i every 30 min check yahoo news for updates sia. haha
Gaecia ( Date: 28-Nov-2010 14:29) Posted:
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Gaecia ( Date: 28-Nov-2010 15:18) Posted:
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when retaIlers support BBs
BBs tUrn arOUnd and WHACK retaIlers