Yesterday, 07 Sep 2022, S&P500 gained 71.68 (1.83%). This is the biggest gain since S&P500 topped in August at 4324. Considering that S&P closed at 3979, it is still down 345 points from August and 840 points from its all-time high. While the Apple event was the highlight yesterday, its performance was the weakest among the Index heavy weights. Apple was up...
Meta went up by 3.67% on a day when every other tech counters were red. While there was no catalyst during market hours to explain this rally, this boost may have come from Snapchat. Consider how Snapchat's movement has had a high impact on Meta in the past. Snapchat rallies 8.69% on news that they will be doing restructuring and further cutting 20% of the...
Oil & Gas play on Singapore Counters can be very profitable, especially for counter whos price is slightly above 0.200. Each "tick" is 0.005, which translates to a higher percentage return per tick. Even a short rally to 0.330 from 0.260 is a 27% rally. Hence, ROI-wise, this is a more profitable play compared to say, Keppel Corp. 0.220 is strong support....
Commodities are rallying again. Soft commodities, oil, Nat gas, aluminum, coal, copper... except for lumber (housing demand is very low now) USD is also rallying. Seems like inflation play is back which begs the question... is inflation really peaked? Resistance at 55.30 has been broken. The nearest support is at 52.95. The more important support is at 48.27....
Small caps are often the early risk on/off indicators. They are the first to rally during an economic expansion period, they are the first to dive are economic condition becomes more restrictive. 190 is a very crucial level for the Russell 2000. It act as a key support level in Feb 2022 and became the resistance in May/June 2022. As Fed Pivot euphoria is...
Wilmar, the big cap (at least by Singapore's standard) agriculture/soft commodity counter on SGX. This is the only option you have on SGX unless you want exposure to the more manipulated or less diversified businesses like IndoAgri, Bumitama Agri, Golden Agri, etc... Yet, compared to its US counterparts like Archer Daniel Midland or Bunge Limited, Wilmar is...
S&P 500 is at the critical level of 4100 and 4200. This level has served as both strong support and strong resistance. The short-term price trend is up but the mid-term is down. This is the first red candle since FOMC decision day. Dip buyers are still present, although weakening Although the S&P price is currently overbought, the real question is that will...
Homebuilder stocks like D.R. Horton and NYSE:TOL have retraced about 5% yesterday, right at the long-term resistance level. NYSE:PHM This seems to coincide with the US 10-year yield rebounding aggressively from the low of 2.51% to 2.751%. We are also seeing a sharp decline in building permits, with a double top forming. There's a sharp...
Google posted horrible earnings and missed estimates. Yet the post-market "rally" of 4.76% sent many traders going "WHY!!?!?!? It Missed EARNINGS!!!!!" "SNAP CHAT DROPPED 29% BUT WHY GOOGLE IS UP!?!?!?!?!??!?!?!?!?!?!?! ALL THE ANALYSES ARE WRONG!!!" Let's throw some perspective in. Let's look at Apple and Snapchat. Apple is currently still up 16.5% from...
Freebie trade for everyone. The major Support level at 1500 - 1500 is broken down. Price is finding extreme difficulty to break above 150. There were three gap-up attempts only to close red.
Requested Analysis Resistance at 3.02 and 4.75. Generally, I would not recommend this kind of chart and industry. The biotech industry tends to have a very volatile nature. It is usually driven by news/rumors. Extremely hard to predict. If you're lucky, you may get a 20-30% rally price due to some random news. OR.. you can be stuck at this counter for a very...
Alcoa has dropped about 40% from its recent high of 98.00. In the past two weeks, it had dived even further. Price seems to have created a lower high at 67.00. It is current at very critical trendline support at 53.00. Do note that 55 is also the previous resistance back in Apr 2018. Price to most likely consolidates between 53.00 and 67.00 for now. However,...
Amazon just got a stock split. It is now at a level that retail traders can afford. There is a huge resistance at 130 levels. Yesterday's pin bar candle shows rejection in price. We may see a further decline in price if the resistance level holds. If the price can breach beyond 132, it may rise further to close the gap at 138. If you decide to short at the...
Possible dead cat bounce for Tesla. But please be careful as Macro conditions are still very bad. Rates are high. Commodity cost is high. China is still in lockdown. Fundamentals are still against the long position. We just want a short dead cat bounce. The moment the price gap down big or when the market U-Turn , you might want to lock your profit and run.
An industry that is very sensitive to lead time, supply chain, and inflation. A very good short target as it seems to have retested previous support level as resistance. A long way down! Very good risk-reward trade!
Good Volume coming in and price action align with recent fundamentals. 0.480-0.500 is possible. The support level is at 0.295. Take care of your risk and do your own due diligence.
This is a low liquidity counter that is flying under the radar. Established bottom in mid-2020 at 0.200. Currently is up 112% at 0.420. While it does not boast aggressive rallies like Propnex/Hourglass/Frencken, Nordic is still handing around the 52 weeks high and is largely unaffected by market volatility. It has quite a healthy balance sheet. Their 2021...
Norton showed up on my radar on Monday (07 Feb 22) The moment I saw "Packaged Software" and "Technology Service", my first thought was "I'm staying the hell away from this" And then it shows up on my radar again today. The only difference is, it is now 9% higher in price. But that was not what caught my attention. If you look at the price action from Nov 2021...