Tuesday, April 5, 2011

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.

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