USD/JPY 27/02/2009

UJ broke down from the rising wedge as per my previous post. Today the price may continue to go down.

USD/JPY 26/02/2009

UJ has broken above the base as mentioned in my previous post and now moving towards the resistance on hourly chart. In the process it has also created rising wedge as showed in the chart. There is a possibility that it would trigger a bearish trend. I would take profit and remain sideline for now.

USD/JPY 25/02/2009

UJ has formed a base on the hourly chart. If it manages to break through the upper line of the blue channel, we can see more upside. However, it will turn bearish if it break below the lower line of the blue channel. For now, I have placed buy stops above the upper line to long for the short term.

SPC 25/02/2009

SPC is currently consolidating. It has formed a triangle on a daily chart. If it breaks the triangle upwards, we may see more upside towards the uptrend line. This will be invalidated if it breaks the triangle downwards.




My personal view only. Trade with caution.

USD/JPY 24/02/2009 - 3

UJ had a good run so far. It is now approaching resistance. I have closed my long positions for now. It doesnt mean it will not run up further. However, it may consolidate in the green channel for now. If it breaks the lower trend line of the channel, it may turn bearish again.

USD/JPY 24/02/2009 - 2

So far so good. The flag formation was successful as per my earlier post.

USD/JPY 24/02/2009

UJ has returned back into the uptrend channel. And it has also broken above the recent high of 94.64. We may see it continue its uptrend in the short term. We may see it test the upper trend line of the uptrend channel. Currently we can witness a flag formation on UJ, we might see it create a long blue bar if this flag formation is successful with good volume.
Stop loss should be below the lower trend line.

USD/JPY 21/02/2009

As mentioned in my earlier post, UJ has broken the uptrend channel downwards. We may see further downside next week. I have entered short positions near lower channel line.

USD/JPY 20/02/2009

UJ is current trading in uptrend channel (green). Resistance is around 94.64 which was a recent peak in Jan 09. Likely scenario is it will retrace from the peak forming a double top. If it manages to break out of the channel above 94.64, we can consider taking long positions.

However, we can consider short positions if it breaks out of the lower channel line downwards for a longer term trade. (More likely scenario).

USD/JPY 19/02/2009 - 2

Awesome!

USD/JPY 19/02/2009

UJ has broken out of the short-term down trend channel. Currently a potential flag formation is unfolding on 4H. If it manages to break through the neck line with good volume we may see a long up bar targetting above 94. Stop loss should be below the recent low.

STI 19/02/2009

ER for today for STI and some counters. All values are valid for today only.
Could manage to draw only for a few counters today due to time constraints. :(

Counter	ER	If broken upside	If broken downside
STI	1623 - 1648	1657	1623
Kepcorp	4.1 - 4.17		4.04
SGX	4.8 - 4.91
Wilmar	2.79 - 2.88	2.95	2.75
SPC	2.69 - 2.76	2.8	2.6

USD/JPY 18/02/2009

UJ has tested the red down trend line and retraced. I still dont have a clear short signal yet.
However, I have entered a couple of short trades just near the resistance line with stop loss just above it. Will add to the position if the shorts are triggered. Looks like the purple channel is still being played.

STI 18/02/2009

ER for today for STI and some counters. All values are valid for today only.

Counter	ER	If broken upside	If broken downside	Trend
STI	1629 - 1654	1696	1598	Down
Kepcorp	3.93 - 4.09	4.21		Down
SGX	4.54 - 4.85	5.08	4.8	Down
Wilmar	2.75 - 2.87			Down
Singtel	2.35 - 2.45			Down
DBS	7.83 - 7.98	8.2		Down
Capland	2.56 - 2.7	2.78		Down
SPC	2.62 - 2.71		2.59	Down

STI 17/02/2009

ER for today for STI and some counters. All values are valid for today only.

Counter	ER	If broken upside	If broken downside
STI	1662 - 1681	1691
Kepcorp	4.14 - 4.27	4.31	4.06
SGX	5.08 - 5.17		5.05
Wilmar	2.92 - 3.02	3.13	2.84
Singtel	2.49 - 2.56	2.6	2.42
DBS	8.1 - 8.21	8.38
Capland	2.66 - 2.74	2.88
SPC	2.67 - 2.78	2.85

USD/JPY 16/02/2009

I have attached the UJ weekly chart. We see the price testing a long term down trend line (Red). There is going to be a strong resistance and breaking the resistance could be unlikely. Although there is no clear signal to short yet, I like to go into a trade when there is enough momentum. For now, I will remain sideline to see how the prices move.

STI 16/02/2009

ER for today for STI and some counters. All values are valid for today only.

Counter	Expected Range	If broken upside	If broken downside
STI	1691 - 1719	1726
Kepcorp	4.18 - 4.31	4.4
SGX	5.11 - 5.18	5.25	5.06
Wilmar	2.86 - 3.03	3.11	2.72
Singtel	2.43 - 2.5	2.59
DBS	8.21 - 8.48		8.16
Capland	2.71 - 2.82		2.67
SPC	2.73 - 2.97		2.53, 2.36
DJ	7876 - 8011		7764

USD/JPY 13/02/2009 - 2

As per my earlier post UJ did enter the purple channel. I have closed the long on UJ just before it hit the resistance. Good week overall.

USD/JPY 13/02/2009

UJ has moved back up from the support level at 89.74. Currently testing the resistance at purple uptrend channel. I had a couple of long trades running, I have taken profit on one and will let the other trade run. If the price manages to break into the purple channel it may test resistance at 91.90.

STI 13/02/2009

ER for today for STI and some counters. All values are valid for today only.

Counter	Expected Range	If broken upside	If broken downside
STI	1697 - 1724	1730	1674
Kepcorp	4.17 - 4.3	4.36	4.03
SGX	5.1 - 5.19	5.23	5.07
Wilmar	2.9 - 3.09	3.19	2.79
Singtel	2.44 - 2.51	2.55	2.37
DBS	8.14 - 8.27		8.1
Capland	2.58 - 2.76	2.87	2.48

USD/JPY 12/02/2009

UJ has been creeping towards the lower channel as mentioned in my earlier post. It is has broken the purple channel and currently sitting on support. We may see it move towards the blue trend line below. There are 3 high impact news tonight: 1) Core Retail sales, 2) Retail sales and 3) Unemployment claims. We may see the market very volatile. If the blue trend line is broken, we may see more downside.

For now the markets are stalled, its like the calm before the storm.

STI 12/02/2009

ER for today for STI and some counters. All values are valid for today only.

Counter	Expected Range	If broken upside	If broken downside	Trend
STI	1720 - 1746	1753	1700	Up
Kepcorp	4.2 - 4.36	4.43	4.06	Up
SGX	5.13 - 5.24	5.3	5.03	Up
Wilmar	3.02 - 3.18	3.24	2.86	Up
Singtel	2.5 - 2.58	2.62	2.45	Up
DBS	8.14 - 8.32		8.05	Up
Capland	2.72 - 2.85	2.92	2.6	Up

My view only.

STI 11/02/2009

Expected Range (ER) for today for STI and some counters. You can email me if you need ER for any counter which is not in this list.

Counter	Expected Range	If broken upside	If broken downside	Trend
STI	1689 - 1714	1725	1661	Down
Kepcorp	4.1 - 4.22	4.26		Down
SGX	5.13 - 5.23	5.27	5.05	Up
Wilmar	2.9 - 3.02	3.2		Down
Singtel	2.44 - 2.53	2.53	2.36	Down
DBS	8.02 - 8.24	8.36		Down
Capland	2.65 - 2.72		2.48	Up

GBP/JPY 10/02/2009 - 2

Good trade on GJ. 342 pips off 2 short trades. As mentioned in my previous post, the price hit the lower green trend line. I have closed both the trades now.

USD/JPY 10/02/2009 - 2

UJ is moving nicely between the purple channel. It tested the lower purple channel line and retraced back up. If broken the purple channel line, we may see it reach for the blue trend line as stated in my earlier post.

GBP/JPY 10/02/2009

I have added shorts on GJ after it broke the blue channel. It might try to reach for the lower green trend line. This trade looking very meaty. Good luck!

USD/JPY 10/02/2009

Price has remained in the purple channel. Currently UJ is trending downwards towards the down channel line, that is where the support will be. If price goes below this line we may see it target the blue trend line.

STI 10/02/2009

Range, resistance, support for STI and some counters for today.

Counter	Expected Range	If broken upside	If broken downside	Trend
STI	1653 - 1676	1708	1645	Down
Kepcorp	4.13 - 4.25	4.38		Down
SGX	5.13 - 5.24	5.08		Up
Wilmar	3.12 - 3.27			Down
StraitsAsia	0.845 - 0.89			Down
Singtel	2.38 - 2.46	2.5		Down
DBS	8.09 - 8.33	8.48		Down

STI 09/02/2009

Range, resistance, support for STI and some counters for today.

Counter	Expected Range	If broken upside	If broken downside	Trend
STI	1711 - 1733	1747	1700	Up
Kepcorp	4.39 - 4.45	4.48	4.32	Up
SGX	5.1 - 5.2	5.3		Up
Wilmar	3.1 - 3.2		2.99	Up
SIA Eng	1.94 - 1.98	2.03		Down
Singtel	2.55 - 2.59	2.63	2.52	Up
DBS	8.42 - 8.65			Down
Capland	2.4 - 2.44	2.34	2.51	Down
DJ	8264 - 8523		7993	Up

My view.

USD/JPY 08/02/2009

UJ is near resistance from the upper channel and a down trend line (Eclipsed area). If after a minor correction, it is able to break the purple channel, we may see it reach for the resistance at the red line at the top of the chart which is a long term downtrend line.

GBP/JPY 08/02/2009

GBP/JPY,

GJ has entered back into the blue uptrend channel. Currently it is testing resistance where it also meets a long term down trend line (Red line). If this resistance is broken convincingly we may see GJ reach for the upper blue channel line.

USD/JPY 07/02/2009

USD/JPY

UJ has moved as per the expectations I mentioned in my previous post. It has tried to reach for the upper purple channel. It may retrace from there and play within the channel. I took a long trade when the price retraced and closed just near the upper purple channel.

STI 06/02/2009

Todays expected range on STI and some of the counters.

Counter	Expected Range	If broken upside	If broken downside	Trend
Capland	2.36 - 2.42	2.49	2.32	Down
Kepcorp	4.13 - 4.25	4.28	4.05	Up
SGX	5.15 - 5.06	5.27		Up
Wilmar	2.89 - 2.98	3.12		Down
SIA Eng	2.01 - 2.04			Down
Singtel	2.52 - 2.56	2.63	2.49	Up
STI	1710 - 1723	1742	1687	Down

My view only.

USD/JPY 06/02/2009

USD/JPY,

WOW! UJ has had an amazing run. All the way from where it broke out of the downtrend channel at 89.5, until 92.24. The price has entered back in the purple channel. It even tested the upper trend line. We might see it remain in this channel for now. And it may test the upper purple trend line again.

USD/JPY 05/02/2009 - 2

USD/JPY

As expected UJ has broken the red trend line and turned bullish. I have closed all my shorts. For now I remain sideline and watch the movements before going for the next trade.

USD/JPY 05/02/2009

USD/JPY

UJ has tested the red resistance line again and failed to break. It has remained in the down trend channel and price is moving between the channel. Since it has tested the upper red channel a few times and retraced, it might break it and become bullish eventually in the short term. For now, we are holding on to the shorts.

STI 05/02/2009

Todays expected range on STI and some of the counters.

Counter	Expected Range	If broken upside	If broken downside
Capland	2.41 - 2.48		2.38
Kepcorp	4.08 - 4.14	4.17	4.03
SGX	5.06 - 5.13	5.25	5.06
Wilmar	3.0 - 3.09	3.16	2.94
SIA Eng	2.06 - 2.09		2.01
Singtel	2.5 - 2.57	2.6	2.44
Hyflux	1.77 - 1.81
DBS	8.66 - 8.77	8.89
STI	1704 - 1729		1692

My view only.

USD/JPY 04/02/2009

USD/JPY

UJ has remained bearish as expected. We might see it head towards the blue support line (downtrend). For now I am holding my shorts.
Also as updated in the previous posts, if UJ breaks the red resistance line, it may turn bullish. But the scenario is unlikely for now.

STI 04/02/2009

Expected range and resistance/support levels for STI and some counters for today.

Counter	Expected Range	If broken upside	If broken downside
Capland	2.41 - 2.47		2.37
Kepcorp	3.99 - 4.08
SGX	5.11 - 5.23	5.34	5.05
Wilmar	2.90 - 2.99	3.05	2.79
SIA Eng	2.02 - 2.06	2.08
Singtel	2.48 - 2.55	2.63	2.45
Hyflux	1.78 - 1.81	1.84	1.76
STI	1710 - 1730		1684

My view only.

UJ, GJ 03/02/2009

USD/JPY

UJ has tested the red resistance line and stayed below the uptrend line. Currently the trend remains to be bearish. But if it breaks and goes above the red trend line, UJ might turn bullish on short term.





GBP/JPY

GJ as expected has tested and rejected the blue channel. Current trend remains down. Yellow trend line acts as resistance.

STI 03/02/2009

Expected range on STI & some counters for today.

Counter	Expected Range	If broken upside	If broken downside
Capland	2.33 - 2.4	2.47	2.24
Kepcorp	3.98 - 4.08
SGX	5.03 - 5.16	5.22
SIA Eng	2.06 - 2.09		2.03
Singtel	2.57 - 2.67	2.72	2.47
Hyflux	1.72 - 1.78	1.83
STI	1677 - 1705	1721	1768

My view only.

UJ, GJ 02/02/2009

USD/JPY

UJ has broken the uptrend channel (purple). I have entered a short position around the eclipse area. For now the price may be supported near the blue trend line. Whereas, the purple uptrend line will act as resistance.




GBP/JPY

GJ has also broken the uptrend channel (blue). I have entered a short position on GJ too near the eclipsed area.

See my previous update on GJ here and UJ here.

STI 02/02/2009

My expected ranges for today.

Counter	Expected Range	If broken upside	If broken downside	Trend
Capland	2.35 - 2.42	2.49	2.28	Down
Kepcorp	4 - 4.08	4.15	3.93	Down
SGX	5.16 - 5.26	5.38	5.11	Up
SIA Eng	2.03 - 2.06		2	Down
Singtel	2.6 - 2.71			Down
Wilmar	2.82 - 2.91	3.04	2.75	Down
Yanlord	0.93 - 0.97		0.895	Up
Hyflux	1.73 - 1.8	1.83		Down
STI	1719 - 1745		1693	Down

My personal view.

Recommended broker

For Stocks and Unit trusts

If any of you reading this is planning to setup a new online trading account on Singapore stock exchange or planning to change your broker, I would recommend Collin Seow. He is a very good trader and trainer himself with excellent knowledge of Technical Analysis. I have learnt a lot from him. He is a a great guy and good friend.

For Forex
I have been trading with Interbankfx from the time I started. Their interface is excellent, competitive brokerage and no hassles. Recommended!

S&P 500 and DJ

S&P 500
S&P is at support level currently. If the price break 815 we may see more downside towards the down channel.



DJ
Dow Jones current support level lies around 7960. We may see more downside if this level is breached.

GBP/JPY 01/02/2009

GJ is on a short term uptrend. Price remains between the blue channel.

USD/JPY 01/02/2009

UJ is on a short term uptrend. We need to watch and see where the uptrend halts. So far the price seems to be remaining between the purple channel. It will be a good entry to short if the prices tops near the upper purple channel. However, we can also enter short if the price breaks the lower purple channel.