Stock Call: Buy Hyflux (600) at $3.36 and below!

Recommend a buy on Hyflux at the price of $3.36 and below.

On Fri, Hyflux managed to hold at the support level of $3.38 though the sell off VOL is high at 2.1 million (Twice Ave VOL). I strongly believe that Hyflux will be able to hold around this level and do a consolidation phrase before going for another outburst to test the important technical resistance at $3.66.

Technical Data

RSI: Oversold

Bollinger: Going though consolidation or “bollinger squeeze” phrase

Resistance: $3.66

Immediate Support: $3.38

Major Support: $3.30

Fundamental Data

PE: 23.8

EPS: $0.142

Yield: 1.5

Price to book: 4.89

MY TACTIC: Buy at $3.36 and below. Cut loss if CLOSE below $3.30 at HIGH VOL.

Dow Jones news on 24 Mar

Hyflux (600.SG) in choppy trade, flat at S$3.41 vs. intraday high of S$3.44, low of S$3.40. Stock hasn't made much headway since reaching current March high of S$3.58 two weeks ago, when water treatment firm announced win of S$43.8 million contract to build initial stage of seawater desalination plant in Singapore. News flow since then has been slow, with only one announcement of a director trimming his stake via sale in open market. JPMorgan, which has Overweight call with S$4.20 target, says Hyflux's prospects in Singapore underappreciated by investors. Notes with Singapore's 1961 water agreement with Malaysia expiring next year, Singapore government likely to award desalination projects in run-up to 2011. Says Hyflux potential beneficiary, given its involvement in developing city-state's first desalination plant in 2005; tips potential contract value of S$300 million. Orderbook quotes suggest stock likely to hold around current levels.

SINGAPORE Stocks Earnings Announcement Dates

Keep a lookout for stock which approaches the earning report for trading opportunities especially for SGX. This might be the perfect timing for the SGX to perform a reversal if the results are good.

Market Outlook (27/03/10) More choppy trading session expected in next week!

In last week, STI seesawed before ending with a point lost from the opening of 2907 and close lower at 2906 to mark a “Doji” candlestick with long shadow (High Indecision) in the weekly chart. The VOL in this week hit another LOWEST record for the entire 2010 and slightly lower compared with the previous week. Overall with all the Greece and Portugal news on the headline for this week, most of the traders have been willing to bet that the market is overdue for a correction to shake out speculative excess.

On Fri, the market has been helped by news that Greece's neighbors have agreed to a bail out plan for the debt-laden nation, if necessary, in conjunction with the International Monetary Fund. This news has prompted Standard & Poor's to affirm its ratings stance on Greece.

Trading sessions of STI in this week have been rocky, marked by solid intraday rallies that gave way to lackluster finishes in the afternoon. However the bull rally is still intact since STI has managed to hold itself at the “gap support” at 2888

Important resistance of STI: 2935

Immediate Support of STI: 2888

Next Immediate Support of STI: 2850

MY TACTIC: STI has a slight pullback but managed to hold its stance at support level of 2888. However it is important to note that the VOL is LOW in this week, thus I would advise to hold any buying for the time being and keep at sideline.

Joint EU-IMF Aid May Not Be All That Great: Analyst

The joint European-IMF financial safety net for Greece may not be all that great for the debt-laden nation, says Chia Woon Khien, head of FX strategy, emerging Asia at RBS. She tells CNBC's Chloe Cho why.

Portugal Downgrade Adds To Debt Woes!

A solution to Greece's budget woes remains elusive for the EU. Now Fitch's downgrade of Portugal reminds investors, again, that Athens is not alone in the dark

Market Outlook (20/03/10) Window dressing in next week!

In last week, STI had a mere gain of 20 points from the opening of 2894 and close at higher of 2914 to mark a white candle with moderate shadow (Indecision) in the weekly chart. The VOL in this week is the LOWEST for the entire 2010 with only about 2/3 of the average VOL. Overall the market is trying to find its next direction with most of the investor keeping at sideline.

The market in very short term is way overextended and investors are looking for a reason to pull back. However whether they pull back next week is unknown because you have end of quarter window dressing. Thus the question is does the window dressing turn into undressing if the bill passes.

Important resistance of STI: 2935

Immediate Support of STI: 2900

Next Immediate Support of STI: 2850

MY TACTIC: Looking to sell since bull has already lost its strength for further rally. Pull back/ Profit taking will be expected but do look out if STI can break new high of 2950 at HIGH VOL to start another round of Bull Run in next week.

DBS Chairman Resignation causes huge sell down at closing!

On 19/Mar, Singapore shares ended flat as very late sell down in DBS Group Holdings' share price after the resignation of its chairman offset earlier gains made on strengthening convictions that U.S. interest rates will stay lower for longer.

STI ended up 1.76 points at 2,915.70, with VERY LOW VOL of 1.05 billion shares traded compared with 1.32 billion shares Thursday. In the broader market, gainers outnumbered losers 235 to 227. Overall STI is near to the important technical resistance and buying up VOL is extremely weak.

STI was up most of the day, but fell sharply near the closing on the unexpected announcement that DBS Chairman Koh Boon Hwee would resign at the end of April. DBS ended down 3.2% at S$14.12 and the bank said that he will be replaced by board member Peter Seah. The huge sell down at the last moment by BB was extremely fast since DOW JONES WIRE only managed to announce the news at 17:15 today. With this, I would urge investors who are holding on DBS shares to be very careful. Huge sell down will be expected on MON for DBS since this news generally travelled to most of the retail investors AFTER the market is closed.

Immediate support of DBS: $14 (Will test this support on MON)

Next Immediate gap support of DBS: $13.58 to $13.80

Market Predictions; Short to Long Term!

Vasu Menon, vice president, wealth management Singapore, OCBC Bank says markets look fairly stable in the medium term, but will remain volatile for the near future. He discusses his views with CNBC's Maura Fogarty & Anna Edwards.

Staying at sideline would be the best bet now!

On 18/Mar, Singapore shares closed slightly weaker following a report that Greece may seek financial help from the International Monetary Fund.

STI ended down 0.2%, or 5.36 points, at 2,913.94, with 1.32 billion shares traded compared with 1.70 billion shares Wednesday. In the broader market, losers outnumbered gainers 264 to 189. Overall STI has been see-sawing today between the “Green or Red” line since there are limited upside for STI and most investors prefer not to buy any stocks now especially as it approach an important technical resistance @ 2935.

Dow Jones Newswires cited a senior Greek official that Greece may consider other options if discussions within the European Union fail to lead to a solution to the country's financial problems. “If there is no clear support at the EU summit on March 25, we will have to decide where to go next," the official said, according to the report. "There are a number of scenarios on the table, but the most prominent one is the IMF."

Despite today is gaming group’s grand opening of its Universal Studios theme park in Singapore, Genting was one of the STI's worst performers who declined 2.6% to S$0.94. However it is important to note that the sell down VOL is LOW @ 0.11billion shares traded therefore I would not think too much of this.

Immediate resistance of Genting: $0.985

Immediate support of Genting: $0.9

My sentiments: STI is near to important resistance of 2935 and there is always a saying that you do not buy near the resistance. Instead we should buy at “breakout” on HIGH VOL, thus buying now is out but sell if the market swings down.

Can Universal Studios Singapore Set Pulses Racing?

Universal Studios Singapore opens its doors to the public today. Regarded as the crown jewel of Resorts World Sentosa, will the theme park be able to draw visitors in by the droves? CNBC's Saijal Patel finds out more.

Are the bear waiting for chance to strike?

On 17/Mar, Singapore shares ended at their highest close in nine weeks after the U.S. Federal Reserve promise to keep interest rates low for an "extended period" and the Bank of Japan's decision to ease monetary conditions further.

The benchmark Straits Times Index ended up 0.8%, or 22.87 points, at 2,919.30 with HIGH VOL of 1.70 billion shares compared with 1.14 billion shares Tuesday. In the broader market, gainers outnumbered decliners 370 to 145. Overall for STI, it is a huge breakout from 2900 resistance at HIGH VOL to confirm its upward trend.

However for US market, things might get a bit tricky. With volume unusually low for this time of year, should you strike while other investors sleep?

If you study technical analysis, you are likely to know that S&P has broken above 1150, an important technical level which is typically a bullish sign.

But there’s one problem – the gains happened during a period of low volume.

On Monday of this week 7.29 billion shares were traded across all U.S. exchanges, the third lightest day this year.

And last week the NYSE experienced its 8th lightest weekly volume in the past 6 years, according to Todd Gordon of Forex.com.

Clearly the bulls are pushing higher while the bears are sleeping. Should you strike now, despite the lack of conviction -- or are the bears about to let loose their fury?

Immediate resistance of S & P 500: 1200

Immediate support of S & P 500: 1150

News Hub: Stocks End Higher After Fed Holds Steady!

WSJ's Emma Moody joins the News Hub to discuss today's market reaction to the Federal Reserve's decision to end Mortgage Buys and to keep interest rates historically low for an extended period.

Is STI recent rally sustainable?

On 16/Mar, STI ended up 0.8%, or 22.10 points, at 2,896.43 with 1.14 billion shares changing hands, compared with 1.03 billion shares Monday. In the broader market, gainers outnumbered decliners 240 to 181.

For the past 2 days, the STI VOL has been very LOW as we approach the important resistance of 2900. In fact today STI rally might be caused by huge buy up of a “high STI weightage” counter Singtel and most investors are preferring to stay at sideline awaiting policy cues from the Federal Reserve with the U.S. central bank due to hold its monetary policy meeting later Tuesday. Many hoped that Fed can provide more details on how and when the central bank will exit its emergency measures.

Lastly today market is mainly supported by property stocks such as CapitaLand Ltd. rose 2.3% to S$4.00 and City Developments Ltd. gained 2.1% to S$10.88 after the release of strong local dwellings data Monday.

Immediate gap resistance of CapitaLand: $4.07 to $4.19

Immediate support of CapitaLand: $3.74 (RSI @ Oversold)

My sentiments: STI @ important resistance of 2900 and the VOL are low. Basically investors are waiting for more outcomes before buying more. Therefore I would encourage my readers to stay at sideline as well.

News Hub: China's Harsh Words for U.S!

U.S.-China relations are feeling strained, complicated by political, currency and technology issues, WSJ China editor Andrew Browne explains on the News Hub panel.

Market Outlook (13/03/10) Will S&P achieve new high in next week?

In last week, STI had a solid gain of 61 points from the low of 2820 and close at high of 2881 to mark a bullish white candle with little shadow in the weekly chart. The VOL is normal with only slightly above average but overall the current trend seems bullish.

For the next week, stocks may have a hard time finding strength to continue their rally ahead of the Fed's Tuesday meeting, but the trend for the market is clearly higher. The Fed is not expected to take any action on rates or change the key language about its intentions; however investors will be looking for any nuance in their thinking on the economy or the temporary programs.

Lastly I would like to point out that S & P 500 did NOT managed to broke through the new high of 1150 yesterday night although the investor seems pretty aggressive in trading at high vol.Currently both STI & S & P 500 are just at the tip of their respective important resistance. US market achieving of new high will surely boost the optimism for the STI and guide us to new records as well.

Important resistance of STI: 2900

Immediate Support of STI: 2850 (Gap support)

My sentiment: Although the overall market seems bullish but I would urge investor NOT to buy any stocks at this moment. (Most counters are oversold)

MY TACTIC: Looking to sell and confirm if STI can break new high of 2950 at HIGH VOL to start another round of Bull Run in next week.

Outlook: The Week Ahead in U.S. News!

MarketWatch's Stacey Delo has a preview of what will figure into the business and financial headlines in the coming week.

Cosco will be removed from STI effective Mar 22!

On 12/Mar, STI ended up 7.45 points, or 0.3%, at 2,881.36. Volume was average with 1.36 billion shares traded compared with 1.47 billion shares Thursday. Gainers outnumbered losers 244 to 207. Overall the recent rally for the past few days has been weak and not in broad VOL. Therefore I would encourage staying at sideline and awaiting better opportunity to enter. (Prepare to sell if swing downside)

COSCO Corp. fell 2.4% to S$1.23 @ HIGH VOL of 28 million shares traded after the Singapore Exchange announced that it will drop the shipping company from the STI and replace it with recently listed CapitaMalls Asia, which rose 1.3% to S$2.37. COSCO will be removed from the STI March 22. If you are currently vested in COSCO, I would advise to try to sell if profit. Further downside will be expected to continue in the next week.

Immediate support of Cosco: $1.16

Immediate resistance of Cosco: $1.31

STI may be testing 2900 tomorrow!

On 11/Mar, it has been announced that China's consumer price index rose a faster-than-expected 2.7% in February from the year earlier period, quickening from January's 1.5% rise. The rise in CPI and a robust 20.7% jump in January-February industrial output fueled concerns of further credit tightening which may come as early as April.

STI ended up 11.62 points, or 0.4%, at 2,873.91, with 1.47 billion shares traded. Gainers just outnumbered losers with 238 counters rising and 231 counters falling. Overall STI has been choppy and kept swinging between positive and negative territory amid caution on further tightening measures in China following the release of higher-than-expected inflation data. In fact it is not an encouraging sign since the no of counters rising/falling is almost equal although the index gain 0.4%

Lastly Sembcorp Marine moved higher on an announcement at 1pm that it has landed an S$130 million contract from Brazil oil giant Petrobras to carry out pre-conversion work on a very large crude carrier. The stock was the biggest gainer on the Straits Times Index and ended up 3.5% at S$4.11. Further upside will be expected tomorrow due to the good news may not reach everyone yet.

Immediate resistance of Sembcorp: $4.17

Immediate support of Sembcrop: $3.88

China data point to 'overheating,' boosting rate-hike case

China data released Thursday showed faster-than-expected inflation, still-torrid loan growth and heavy capital investment, renewing concerns the economy may be growing too fast and suggesting emergency stimulus measures may be withdrawn early.

STI breakout from 2850 in HIGH VOL!

On 10/Mar, STI ended up 22.75 points, or 0.8%, at 2,862.29, with HIGH VOL of 1.65 billion shares traded compared with 1.17 billion shares Tuesday. On the broader market, gainers outnumbered losers 361 to 152. Overall it has been a bullish day for STI as the VOL is high; the rally is in broad based and most importantly we breakout from the gap resistance @ 2850

We have no major news today but one of the reasons that created this rally could be due to the VOL for US market recovered yesterday. S & P 500 VOL increases by approximately 1.5 times than the average VOL which somehow gives the impressive that the buy up strength is still strong. However do note that S & P 500 closes with yet again another Doji like candle stick for market indecisive.

Most of the traders will be watching the developments closely, fearing that a bearish technical signal may be forming. In order to feel bullish, the S&P 500 needs to close above 1150 and if we fail at that level we’re looking at a double top, a very bearish technical sign.

In addition, palm oil group Golden Agri-Resources raised 6.2% to S$0.595 since crude palm oil futures surged on a record low in end-month stock levels in February.

Monitor for LOW VOL closely!

On 9 Mar, Singapore shares ended slightly higher as profit taking take place since investors remained cautious about the prospect of overall market situation. STI ended up 4.97 points, or 0.2%, at 2,839.54, its highest close since Jan. 21, with LOW VOL of 1.17 billion shares traded compared with 1.46 billion shares Monday. In the broader market, losers outnumbered gainers 225 to 186.

As I have mentioned few days ago that US market currently RALLY based on LOW VOL and my nightmare may have started to come true. Yesterday US market and Today STI are trading at very LOW VOL and in fact S & P 500 got a Doji (Indecisive) at the top of the rally. These could mean that the BUY UP strength has been exhausted and investors rather be at sideline than to support this RALLY. I would urge everyone to watch out for tonight US market to see if any reversal may happen.

Important resistance of S&P 500: 1150

Immediate Support of S&P 500: 1130

My sentiment: Buy up VOL seems to be exhausted therefore I will be at sideline for the time being. Prepare to take profit when market reversal.

Listening To Market Volume!

Light trading volume has accompanied the market's latest rally. Should investors worry?

Time for Hyflux to test major resistance!

On 8/Mar, Singapore shares ended at its highest close in seven weeks Monday due to the positive news about Greece and better than expected U.S. nonfarm payrolls results on Fri. STI ended up 44.28 points, or 1.6%, at 2,834.57 points, its highest close since Jan 22 with 1.46 billion shares traded compared with 1.35 billion shares Friday. On the broader market, gainers outnumbered losers 318 to 152. Overall this would be considered as improvement in VOL and the bull has finally started to gain strength for this rally. However I would not encourage any buy up now since most of the good counters are already in oversold region.

Today Hyflux has soars 4.4% up to close at $3.53 with HIGH VOL of 1.76 million shares traded. These sudden up roar in price is due to Hyflux has been awarded a S$43.8 million contract by the TP Utilities to undertake the engineering, procurement and construction (“EPC”) works for stage one of the Tembusu Seawater Desalination Plant. Further upside will be expected tomorrow with the next immediate resistance @ $3.54 and major resistance @ $3.66.

Market Outlook (06/03/10) Is this bull rally for real?

In last week, STI has been swinging from the low of 2749 and finally close at high of 2790 on Friday to mark the FIRST gain in weeks since 8 Feb. The VOL traded is not really exciting but slightly better than the past 2 weeks in Feb.

In the week ahead, there are a few important economic reports which included February's retail sales and most importantly weekly jobless claims. In addition, Greek Prime Minister George Papandreou will be visiting Washington early next week and investors will continue to observe what steps European governments will prepare to help Greece on their debt situation.

Lastly I would like to point out that S & P 500 broke through the resistance of 1130 gaining 1.4% to close @ 1138 on Friday. The US market marked its strongest move of the week after the February employment report showed the loss of 36,000 payrolls which is better than Wall Street's downgraded expectations.

However the VOL on Fri seems pretty LOW for an index that gain 1.4%. In fact this recent rally is supported by LOW VOL which can be quite disturbing (Same as STI). Is this bull for real or are we just taking our last breathe before another pullback?

Important resistance of STI: 2825

Immediate Support of STI: 2700

My sentiment: Although the overall market seems bullish but I would urge investor to be careful. Do monitor STI VOL and hope that its goes up on Monday.

MY TACTIC: No buying/selling. Will cont to monitor VOL and hope for improvement.