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Tuesday, 27 November 2012

Sheng Siong supermarket!


Sheng Siong staged a breakout yesterday on high volume. It had hit 50c by midday and there wasn't much action until the last 15mins where 50.5c got eaten up.

It looks like a nice triangle breakout with target around 55c.

We shall see if this turns into true. I'm vested with only 10lots at 50.5c

Thursday, 1 November 2012

STI Reits Yields as at 31st Oct 2012



I have added some small interesting stocks to my REITs file for my own personal tracking. Please do your own research before simply relying on the yields calculated.

Also, to add... My PEC position turns out to be a false breakout and I had cut off my position at 70c. I'm still watching whether to cut the other yet.

The market seems to be ranging and finding a bottom within this range. Dow holds 13000 so far and S&P holds 1400. STI is also holding >3000 whilst HSI had hit a high of 21800+ earlier, now trading around 21600 region. Let's watch to see if there's a right shoulder forming for the US markets and if HSI will break the previous high.

Note: 6th Nov is the US Presidential elections.