Romania hit-and-run case

I feel sorry for the injured and dead. Especially when everyone know that he won’t be returning for justice to be meted. At the same time, I feel government should show that they are making the effort. After all, it’s our own people. One people, One nation, One Singapore. If the government don’t even fight for us, then it is really a sad sad case for all Singaporeans. It’s similar to if you are young and being bullied, yet your parents just let it be.

-Straits Times-

STI overview

It is really an unexpected 2 weeks for STI to break resistance after resistance to a new high. While our minister was cautioning us of a W shape recovery, at least till now, it’s been shown a V. V for victory for those who has stayed throughout from March.

This period is also a challenging since there’s a few whipsaw here and there. But the market tone is very positive as shown by the negative news of Abu Dhabi did not have any effect at all! This is something I learn (from books) that a bearish news on a uptrending market will have negligible effect. The same for opposite.

Will the capricorn effect take place? We will only know on Jan. But given the current situation, I will definitely place my bet that it will happen. But hor, since everyone is expecting that, there is a possibilities it might not happen.

Think about it…. somewhere in may… there’s a saying

That’s right. Sell in May and go away. How many people do that and ended regretting it for a long long time to come.

Next year will be a important year since we are near the 2008 peak. 3000 points seems to be fairly reachable.

I’m fairly disturbed by the dropping volume in the market for the recent rally. At the same time, I question does the stock price reflect the fundamental of the economy when everything is so uncertain?

Something to ponder upon for HDB pricing

Very interesting explanation on HDB pricing and statistic. At least I learnt statistic can be misleading. The only takeaway since we can’t really influence the pricing of the housing.

As for whether it is a good model to price the house, I am quite negative about it. Thinking in system or pragmatically, this model will not hold long. And the social effect will take time to mature and when that time comes, I believe many Singaporeans have to move to JB.

Rather sad condition of Singaporean

Watching this clip makes me feel so much better of my current situation. It’s so heartbreaking to see them so helpless yet and nothing is done to help them.

SG Stock Market: Property Leader Analysis

CityDev
Sideway
Support: 9.60
Resistance: 10.40
Bollinger band squeeze.
MFI, RSI, MACD pointing downwards

Capitaland
Downtrend
Support: 3.40, 3.65
Resistance: 3.80, 4
MACD line at 0.

SG Stock Market: Marine Leader Analysis

KepCorp
downtrend
Support: 7.6, 7.2
Resistance: 8, 8.4
Adx: downtrend is weak
MACD: Waiting for divergence to form
RSI, MFI pointing down towards 30%

Sembmar
downtrend
Support: 3, 2.85
Resistance: 3.2, 3.4
ADX is weak, MFI RSI pointing towards 30% for support

Singapore stock sector analysis

Commodity
Uptrend. seems to be turning down. hovering at support
weekly chart: divergence on macd histogram, rsi mfi turning down

Marine
Downtrend. hopefully to get support
adx trendless, mfi rsi below 50%

Property
sideway, macd histogram weekly divergence
rsi, mfi pointing down

Banking
possibly double top
signals for macd, rsi, mfi weakening
waiting for possible support at weekly mfi, rsi
divergence seen at weekly macd histogram

Salary in Singapore

Thanks to salary.sg for the information on top position in Singapore. Career management is a individual responsibility especially in Singapore. I was quite surprise that the pay of a IT personnel can be so high. It definitely change my perception. But that is if you’re the top 25 percentile, working for many years in banking sector. At least that’s my perception.

And for my current job as a computer engineer. I only can expect myself to earn $5281 even as the very best. Time for thought.

Add-on articles
Graduate Salary Survey

Tough trading week

It’s a tough trading week. Not much of a movement except penny stock. Blue chip seems overpriced from the look of market volume. Analyst and traders are cautious and this may explain the quiet market.

Sold off Frasercomm with some profit. Wanted to get out of Capitacomm because this stock seems stuck at the symmetrical triangle without any sign of going in either direction. Most stock in STI is showing bearish divergence. A correction may be overdue.

While I hope the market will show more clear signal, I realized it’s a good time to enter Shanghai market due to their drastic correction which finished a few days ago. But it does have a short term gap that needs to overcome.

Looking out for Genting in particular to trade.

Market correction

STI has started correction on wednesday. And quite expected, NDP effect has took place. Seems like everyone knows about it and starts taking profit on Wednesday. There’s a possibility that there will be correction of another 100 points.

Personally, it would be quite tough cos that would be a trend reversal if it hits a lower low. From trend pattern, it might look like a double top. Hopefully the correction will take place since I did not have too much of a position in the market right now. Waiting to bottom fishing Genting and Golden Agri so as to enter at a better risk/reward.

How to retire at least better than with only CPF

For those who are betting on CPF retirement will be in for a shock. Well at the it will only come in like 40 years later. Since it has been viewed as the retirement fund for many, the system has been very protective of it. Currently the system is to allow couple to use the full 100% from their CPF to pay for their first payment for their houses. Very soon, it will decrease to 70%. For me, I find it a step backward instead of forward with this changes.

For many who know, you will be paying 60% worth of the housing you bought just to pay for the interest loan. This can quite clearly explain how so many family have difficulty retiring. So with 100% we have so much problem, 60% will only be more problematic with higher interest rate to pay. On the side note, maybe its a way to force us to get a smaller flat.

Singaporean has always been trying to aim for bigger flat or better location. Think about it, even if there’s capital gain, you still need to lock that profit by moving to another house. So where to live next? My eyes rolled when my friend told me she’s looking for flat in Clementi, which will cost her more than $400k. Sigh good luck to paying more interest. In terms of strategy, the first is always to defend and than attack. Always get something you can afford and save/invest so that after 20 years or so you can upgrade to a bigger one.

Secondly, interest rate will only get lower with the high savings rate of Asian. Sometimes, its quite hard to understand that many just put so much money in their bank to earn the interest rate only to be eaten away by  inflation.

All the other points like lowing of CPF contribution by employer and so on have already been mentioned by this post.

The only way out of this situation is to become more financial savvy. For those who have spare cash may as well put in stocks for capital gain. If not buy those defensive stock that gives high dividend. It will still be much better than getting the interest from bank. Or better, get bank stock. Sure they will pay much higher dividend than account holder right.

STI trending sideway

It’s difficult time ahead trying to trade because our Straits Times Index is trending sideway + squeezed between 20 and 50 MA. Must be the window dressing period that makes the market so cautious. A lot of the stocks alr showing bearish signal with lower high lower low.

But it’s time to be paitence. Later kernna whipsaw really super sian. Learning the importance to cutloss is one thing. Knowing not to anyhow cutloss is another. It’s all about positioning.

Rumored that the financial report of company will come out next week of so. Waiting for the chart to show unusual movement aka insider trading.

Remember to put money into your CFD account. Do not naked short!

Market Reversal

STI has started to form a trend reversal (lower high) for the past 1.5 months. It can be seen with the general sentiment for property and commodity sector. If for the next 1 month, the market is not able to create new high and instead drop below 2200 level, it is likely the bearish mood will take over.

Another weakness is that even though it’s a mini rally but this rally is not companied with high volume, which means it’s all the retail investors pushing the stocks up and not the financial institute. Whether it’s sustainable, it’s really hard to say for now.

Speculators better to stand aside and let the market gives a clearer trend before joining. From my remiser journal, it seems it’s a clear trend to short the stock. Time to put in money to your CFD account. Remember not to naked short!

Just for fun during recession

Found some funny articles from reuters on how Singapore actually cope with recession.

Mas Selamat Welcome Back

Thanks to our neighour, Malaysia, Singapore most wanted man, Mas Selamat, has been captured. After fleeing the country from Whitley Detention Camp and swimming across the straits, he was found in Johor.

It is quite amazing that he chose to be so near to the country he fled. Some eye-witnesses even mentioned he was caught while having KFC. Of cos that’s a joke.

Of the whole fiasco, it seems like Singapore government wanted to push for Mas Selamat to be returned back. Even though we did not capture him, we still do HELP in providing the leads so that the Malaysia Government do captured him. And of cos it was quite insightful that he was finally confirmed to have fled out of Singapore.

Many are also wondering what floatation device Mas Selmat come out with to swim 600m to M’sia.

Singaporeans are generally happy that he was finally captured. But think about it.What is so happy to have captured him. Surely any organization you look around have a succession plan just like ahem our Singapore. My point is capture of one person will not cause a terrorist organization much disruption.

Fighting terrorism via force will only lead to more terrorism. Take a look at Israel. After so many years, have they succeed?