Traders'Vic - Stock Trading • Forex Trading • Option Trading • Futures Trading » Singapore http://www.tradersvic.com Investing Your Money in Stock Trading, Forex Trading or Option Trading Mon, 24 May 2010 13:59:57 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Singapore Penny Stocks Rally http://www.tradersvic.com/singapore-penny-stocks-rally/ http://www.tradersvic.com/singapore-penny-stocks-rally/#comments Fri, 17 Apr 2009 03:30:51 +0000 admin http://www.tradersvic.com/?p=85 The STI is back below 1,900 and I think that’s good. The blue chips need to take a rest while the penny stocks catch up over the past week.

It was all over Money section of the local newspaper… small caps are rallying. The FTSE ST Small Caps Index surged 18.4% since 8 April 2009. And yesterday was the busiest day of the year for Singapore stock market with 3.79 billion shares worth $1.35 billion changing hands.

Penny Stocks Trading Volume Churned by House Dealers

Penny Stock RallyWith so many house dealers working in tendem, it was no wonder that many of the penny stocks traded in record volume.

More volume means more brokerage fees.

With discussion abuzz in the local stock trading forum, it is not too difficult to suck in all those “retail investors” looking for a quick profit.

I always thought that penny stocks are easier to manipulate and retailer investors went in more like punters in a casino than caution investors.

Time to take profit for penny stocks, don’t be caught when the houses start to sell down.

]]> http://www.tradersvic.com/singapore-penny-stocks-rally/feed/ 0 Singapore Stock Market Outlook – 16 Apr 2009 http://www.tradersvic.com/singapore-stock-market-outlook/ http://www.tradersvic.com/singapore-stock-market-outlook/#comments Thu, 16 Apr 2009 02:47:45 +0000 admin http://www.tradersvic.com/?p=64 The Singapore stock market is too bullish and has moved faster than I like. This morning, the STI hit 1,947 before turning down and is now trading below today’s opening 1,933.

STI Chart - finance.yahoo.com

I think many of the index linked stocks are over bought and technical correction is imminent. So, it’s better to wait for the correction before buying more. Go take a long weekend!

]]> http://www.tradersvic.com/singapore-stock-market-outlook/feed/ 0 Stock Market Singapore – Time to Get Back into Action http://www.tradersvic.com/stock-market-singapore-time-to-get-back-into-action/ http://www.tradersvic.com/stock-market-singapore-time-to-get-back-into-action/#comments Wed, 15 Apr 2009 16:45:54 +0000 admin http://www.tradersvic.com/?p=59 The Singapore stock market, the STI index, has risen from a recent low of 1,456 to yesterday’s 1,905. To me, the resistance level was breached and the market is moving up very quickly.

STI Chart 2009-04-14

Double Bottom Pattern

The double bottom is a major reversal pattern that forms after an extended downtrend. The pattern is made up of two consecutive troughs that are roughly equal, with a moderate peak in-between.

Source: Stockchart.com

]]> http://www.tradersvic.com/stock-market-singapore-time-to-get-back-into-action/feed/ 0