The worst is over, The golden age is here

[Violinbite]

0.0001 cent worth Based on Chart Reading

OUE has been on the downtrend with Lower lows and lower highs
since 1 year ago

Support at 2.22 and resistance at 2.38

Avoid


Better to go in when price is above 50MA

Btw : why want to buy OUE ?
1) Theme ?
2) Sexy story ?
3) Laggard ?
4) Dividends ?


So far for this counter, there is no vibe
you need vibe to move the counter

It was a laggard for sometime, I thought it stabilized after a long period of lows. Given a discount of 30% and recent listing of REITs, I was forward looking for an old time stock. Previously last year or earlier, I bought 40 lots at $2.26, it cheong to highest of $3.20; nevertheless I sold at around $2.74 and made a little profit. One thing I notice, it didn't really take a high volume transaction to bring up the price, sometimes a volume of 100+ lots can rallied the stock up by 3-4cts. It was true, even my broker find this counter a bit 'slow'.
The other counter was Guocoleisure, bought at $0.56 at low, unfortunately traded away at $0.66, even privatization was already in the air, and now was $0.97. Was a slow counter as well. Sold somehow too early

[Simi]

Hi Violinbite

Basically I trade using chart

One of the tool which has served me very well is the MA
it has helps me to time my entry and exit

You mentioned you bought OUE at 2.26 (July 2012 period)



if you notice back then

The price was above 50MA (up trending)
other observation

MA13 crossed MA50
Higher highs and higher lows
Moving up from a beautiful trough from a breakaway island

[Violinbite]

Hi Violinbite

Basically I trade using chart

One of the tool which has served me very well is the MA
it has helps me to time my entry and exit

You mentioned you bought OUE at 2.26 (July 2012 period)



if you notice back then

The price was above 50MA (up trending)
other observation

MA13 crossed MA50
Higher highs and higher lows
Moving up from a beautiful trough from a breakaway island

Hi Simi,

Thanks so much for your sharing. I wish I could be better at technical analysis... so far, I can only do a buy and hold with very basic fundamental understanding. It looks like you guys will always be ahead of time with much profit and limited loss. And indeed I m really bad at cutting losses.
Do you use a particular software to do analysis and must you spend $$ on the learning the trade of TA? Is it time consuming? How far and effective can TA shield against a major correction?
So sorry for the newbie questions

[phantom_opera]

GDP growth 0.1%
Dow at record high

golden age for the ultra rich

[star]

Looks like LVS is very strong, likely will past $85 in mid term.

[Simi]

Looks like LVS is very strong, likely will past $85 in mid term.

can take a short term punt

tonight break out from the 3 tops downtrend channel

1st top 7th March
2nd top 1st April
3rd top 23rd April

Best entry level either to wait for back test on the trend line
or when price move above 50MA

[phantom_opera]

Be careful of "sell in May and go away" ... my take is Dow/S&P500 will correct but towards the year end will bounce back near unchanged

No harm reduce long stock position a bit .. bond yield movement last night quite disturbing

[Simi]

Be careful of "sell in May and go away" ... my take is Dow/S&P500 will correct but towards the year end will bounce back near unchanged

No harm reduce long stock position a bit .. bond yield movement last night quite disturbing

Hi Bro Phantom

For short term is ok

Look out for Job Report to propel the market to New High

After all the S&P hourly chart is now showing a beautiful Inverted SHS

In a Bull market a not so bad report is consider a good
In a Bear market a not so good report is consider a bad

[phantom_opera]

5y SGS down to 1.394% a few hours b4 job report ... caution caution

1.394 -0.071 (-4.85%)

[Simi]

Hi Bro Phantom

For short term is ok

Look out for Job Report to propel the market to New High

After all the S&P hourly chart is now showing a beautiful Inverted SHS

In a Bull market a not so bad report is consider a good
In a Bear market a not so good report is consider a bad

U.S. adds 288,000 jobs; jobless rate falls to 6.3%

watch Jobless Rate at 6% and below
Interest rate may starts to rise

[phantom_opera]

headline looks very good but stock futures hardly moving (but bond yield recovered) ... now market thinks there is 56% chance Fed will raise rate in June 2015

The contracts show markets are assigning a roughly 56 chance of a first Fed rate hike in June 2015, based on CME FedWatch, which tracks rate hike expectations using its Fed funds futures contracts. Before the report, they showed traders gave a first rate hike in June 2015 only about a 47 percent chance, and that they thought the Fed was much more likely to wait until July to raise rates.

[Simi]

can take a short term punt

tonight break out from the 3 tops downtrend channel

1st top 7th March
2nd top 1st April
3rd top 23rd April

Best entry level either to wait for back test on the trend line
or when price move above 50MA

LVS spike up further after a back test/throw back on the trendline hourly chart
(resistance turned support) last night

Price now above MA50
Measured target 86plus


Not vested

[Simi]

Dow Chemical to continue its $4.5B aggressive shares buyback

http://www.reuters.com/article/2014/...A3M0QY20140423

Reason for the shares buy back ?

then we should be able to see shares above USD53.72

http://xfinity.comcast.net/slideshow...rohm-and-haas/

[teddybear]

S&P should break 1900 before end of June.............

[Simi]

S&P should break 1900 before end of June.............

should be able to

after that be careful

a meaningful corrections is long due

[star]

Look like US market is getting abit tired. Even with such good jobless data don't even move. Sell in May might be near.

[star]

If make enough better run. Dow -59 now.

[Simi]

Despite opening in green and closed in red

Bulls are still in control

Unless 1865 ~ 1870 violated then we might see a reversal in trend and Bears take over

Having said that
Market is clearly in the distribution phase

[phantom_opera]

SGS 10y yield down again today to 2.335%

Watch out for Russell 2000's 200dMA at 1,113

[star]

Expecting dow triple digit negative tonight.

[teddybear]

Nothing is certain!
Since today is Monday, looking at the stars, I predict it Dow will close flat or up slightly instead!
[Don't take my word for granted to invest/trade, this is more for leisure as I don't invest/trade based on prediction............. ]

Expecting dow triple digit negative tonight.

[Simi]

Nothing is certain!
Since today is Monday, looking at the stars, I predict it Dow will close flat or up slightly instead!
[Don't take my word for granted to invest/trade, this is more for leisure as I don't invest/trade based on prediction............. ]

The stars tell me tomorrow is Tuesday

[bargain hunter]

no sell in may yet lor.

[amk]

no sell in may yet lor.

delayed until world cup

... and I am eagerly awaiting

[phantom_opera]

respect the POMO day

market is so sleepy ...

[bargain hunter]

can feel the markets turn quieter but can't feel the usual sell in may.

[sherlock]

HK and Japan not trading right? directionless

[Simi]

Tonight
Federal Reserve Gov. Jeremy Stein speech in New York


Tomorrow night
Federal Reserve Chair Janet Yellen to appear before the Joint Economic Committee in Washington

and

PMI report

[Simi]

Thursday

Jobless Claims before market opens

follow by Yellen speech

Friday no cats

[phantom_opera]

SGS 10y yield down again today to 2.335%

Watch out for Russell 2000's 200dMA at 1,113

RUT 200dMA gone ... so wait for "pull away" from 200dMA with volume to confirm .. if performance of Groupon or Twitter is any guide I think better short than long

Big Cap still "tong" ... distribution phase as one contributor here put it

Bond yield continues to surprise, 10y SGS yield at 2.317% ... spike? what spike

Verdict: stay on the sidelines