May 2009
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Month May 2009

Entries 3 Total

Singapore Petroleum (SPC) : TA Indicators Review

May 26, ’09 5:49 PM

Keppel Corp announced that it is selling its 45% stake in SPC to PetroChina.

I did not catch the counter as I was not monitoring STI (and the counters there).

However, here’s what I will look out for.

If I were to track this stock, I will focus on these 3 dates.

1. 5 May
Day it crosses 200 MA

2. 7 May
Day it gaps up on higher volume

3. 19 May
Day it gaps up from a previous day low on high volume. Subsequent day shows higher volume and price keeps going up

I will rely on the 3 dates to form a picture. The Force Index indicator also shows that the bulls is in control throughout the period.

2009may-spc-800x600

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Credit Suisse Selling ACC and ARE among many others.

May 22, ’09 5:31 PM

GR pointed me to the MMFAIS site, highlighting how CS has been selling lots of stuffs (err.. I mean holdings).

Among the very long list includes counters like ACC and ARE; both are REITs.

The interesting fact here is 100% of both counters are sold off.

A lot of the sales took place this month (May 2009).

Maybe, it does not mean anything at all. Since I do not know how CS operates. But, I guess 100% sale can suggest that it is not attractive to hold them long term.

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Alexandria Real Estate (ARE) : Short signals (are they aligned yet?)

May 22, ’09 12:05 PM

My MACD readings is a bit rusty. So, take it with a pinch of salt.

The following chart uses 2 indicators to determine a short entry.

1. 20 day MA

2. MACD histogram

2009may-alexandria-real-estate-inc-800x600

Some points to note:

1. ARE has been trading at a lower range. Look at the boxes drawn. It is still not clear if the new range is between $31 and $35.

2. Yesterday, closing provides a clearer picture that it is now being resisted by the 20day MA. In fact, if I recall, yesterday ARE was ‘up’ till the later hours of the day. Perhaps, a sign that the bulls are getting exhausted.

3. MACD. A possible MACD bearish cross. I also counted 4 consecutive green MACD histogram.  If a red histogram appears, that is my signal to short. (4green histogram followed by a 1 red histogram)

NOTE:

Reminder: My MACD readings are ‘rusty’. Perhaps, others can comment if my reading is right.

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