Moving stocks, Lagging stocks, STI

For the past 1 week, i had seen some stocks turned 'green' on my indicators. But i did not react to buy them as i am sticking on to some funds for any pullbacks. I also seen some stocks lagging behind the market.

Moving Stocks:
Biosensors, Capitaland, Kep Corp, Cosco, XinRen, Yangzijiang, Noble, Swiber etc. There is still much more on my list.

Lagging Stocks:
Wilmar, KepLand. Especially Wilmar, it has indicated a 'sell' based on my indicators. But the immediate market trend is up. It is not advisable to trade against the trend.

I expect the STI to be moving up and down between the neutral line shown on the chart for the mean time. The upper band will be between 3120 - 3310 and the lower band will be between 2920 - 3120. It will stay on this channel as long as the global situation stay still. US job employment has improved. Once US market moves up, i will expect STI to move out this channel to a new high. Even China market is waiting for the situation in US. Once Fed increase the interest rate based on the improved economy, it may be the driver for the bull to move. Let's wait n see, listen to Mr. Market.

My portfolio

Currently, i have some stocks with me - Ezra, OCBC, SGX and was riding with them since the bottom is formed at 2919. My wave theory has surpassed many of the market analysts' prediction so far. Many of the analysts were looking for STI to go for another leg down, basically telling Mr. Market what to do.

Let's look at the current status of STI.

3120 will be a critical level to look at now. Mr. Market is waiting for something before moving. At this moment, most of the blue-chips just stopped below their resistance level. If STI cross the 3120 point, the next resistance level may be at 3210 - 3230 range. But if it pull back, 2965 will be the support.

FirstRes

Sell FirstRes at $1.32 on 28th Mar; Buy at $1.29 on 18th Mar

Trade decision conditions:

1. STI has reached a junction on whether it wants to move forward or u-turn
2. FirstRes never move up much even STI surged 5% last week

Profit: 1% (cut-off those weak stocks)

This week is a critical week on the direction of STI. Please be extra cautious. Happy trading!

STI status

STI rallied for 4 days after hitting the bottom.

From the chart, you can see that the immediate trend has not switched. There's no need for celebrations for the bulls yet. 3120 is a very critical level in order for the tide to change. If 3000 is broken, i will see 2900 to be tested. So hold tight, move with the tide if necessary.

SGX

Buy SGX at $7.65 on 22nd Mar

Trade decision conditions:

1. Technically, SGX cross it's 10DMA ($7.56)
2. The price was now at the level before the last surge to $10.20
3. Generous payout on dividend
4. MACD crossover indicate a 'buy'

Stop: $7.37

OCBC

Buy OCBC at $9.07 on 21st Mar

Trade decision conditions:

1. Using the Elliott Wave theory, personally i feel that STI have reached the bottom last week. Refer to the chart.
2. OCBC chart hit a low of $8.94 but managed to make it back to the important level of $9
3. Dividend of $0.15

Stop: $8.92

FirstRes

A couple of stocks become potential 'buy' on my radar. But i want to take one at a time.

Buy FirstRes at $1.29 on 18th Mar

Trade decision conditions:

1. Dividend of $0.019
2. Cut across the 10DMA ($1.28) and stay above it
3. STI is under 2980, anything under this point i considered as oversold
4. At the support level of the MACD

Stop: $1.20 (new low)