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14-Aug-2009 11:49

Midas / Midas

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Below is my chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by rating it as "bad post", accumulating for yourself and your

next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing.

Smiley Smiley Smiley

risktaker ( Date: 14-Aug-2009 11:22) Posted:

hmm later Big players fried this baby up then people chase lol .... Big players are collecting song song atm.

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14-Aug-2009 10:19

AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m

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This should be good news for Ausgroup:

Asian Stocks Gain on Higher Metal Prices; Leighton Advances

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By Jonathan Burgos and Satoshi Kawano

Aug. 14 (Bloomberg) -- Asian stocks rose, putting the MSCI Asia Pacific Index on course for its highest level in 10 months, after increased metal prices boosted commodities companies.

BHP Billiton Ltd., the world’s biggest mining company, rose 1.6 percent. Mitsubishi Corp., a Japanese trading company that gets more than a third of its sales from resources, climbed 3.4 percent. Leighton Holdings Ltd., Australia’s biggest construction company, advanced 8 percent after forecasting higher earnings this fiscal year.

“Resilience in the commodity market will likely prompt investors to snap up Japanese trading houses, while the weaker dollar will drive down exporters,” said Juichi Wako, a senior strategist at Tokyo-based Nomura Holdings Inc.

The MSCI Asia Pacific Index rose 0.8 percent to 114.23 as of 9:47 a.m. in Tokyo, on course for its highest close since Sept. 25. The gauge has gained 62 percent from the lowest in more than five years on March 9, as improved economic statistics and corporate earnings fanned optimism the global economy is recovering.

Japan’s Nikkei 225 Stock Average added 1.1 percent to 10,628.28. Australia’s S&P/ASX 200 Index climbed 1.5 percent, while New Zealand’s NZX 50 Index added 0.6 percent. South Korea’s Kospi Index advanced 1.7 percent.

Stocks on the MSCI gauge are valued at an average 24.8 times estimated profit, compared with 17 times for the MSCI World Index. About 41 percent of the companies on the Asian measure that have reported quarterly earnings since early July have beaten estimates, according to data compiled by Bloomberg.

A gauge of six metals in London climbed 3.6 percent yesterday to the highest level since Sept. 30. Copper rose 3.2 percent in New York.

Futures on the Standard & Poor’s 500 Index added 0.1 percent. The gauge climbed 0.7 percent in New York yesterday as better-than-estimated earnings from Wal-Mart Stores Inc. overshadowed an unexpected decline in retail sales. Banking shares gained after investor John Paulson’s hedge fund bought stakes in banks, sending the KBW Bank Index 3.1 percent higher, the most this week.

The S&P 500 earlier dropped as much as 0.5 percent following government reports on retail sales and initial jobless claims that were worse than economists had estimated.

To contact the reporter for this story: Jonathan Burgos in Singapore at jburgos4@bloomberg.net; Satoshi Kawano in Tokyo at skawano1@bloomberg.net.

Last Updated: August 13, 2009 21:11 EDT

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14-Aug-2009 10:14

Others / Market News that affect STI

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14-Aug-2009 10:13

Others / Market News that affect STI

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14-Aug-2009 10:11

Others / Market News that affect STI

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14-Aug-2009 10:00

Midas / Midas

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No...no...no dun follow blindly.

Everyone has their own strategy n different risk-aversion.

Due to my time constraint, I m not oblige to post when I buy or sell.

My chart posting is not a call to buy or sell but more for exchange of pointers in case I missed out something n some fellow TA practitioner can alert me.

I always said:

"Learn to master TA n u are the master of your own trades."

"Learn how to fish n u can fend for yourself forever, relying on tothers n forever u r dependent on others n at their mercy"

"There is no easy way n short-cut to success, including trading, all are own hardwork"

bennykusman ( Date: 14-Aug-2009 09:51) Posted:

hehe.. ok2.. let me know if run away from this chart.. i will follow u.. hehe

richtan ( Date: 14-Aug-2009 09:43) Posted:

benny,

Relax lah, keep cool, mkt dun go up in straight line.

Look at the chart, do u see any sell sign, does it cut below the 25ema.

But, this is my view, still dyodd n BOSAYOR.

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14-Aug-2009 09:53

Others / EOD Data

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U can download free software n daily EOD data:

http://www.chartnexus.com/

calthron ( Date: 14-Aug-2009 09:39) Posted:

Anyone uses technical analysis for trading? May I know where do you guys subsribe to the SGX EOD data? Thanks.

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14-Aug-2009 09:45

Midas / Midas

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Dun get emotional, trade based on your chart interpretation, if u cant stomach losses, trhen trading is not for u.

richtan ( Date: 14-Aug-2009 09:43) Posted:

benny,

Relax lah, keep cool, mkt dun go up in straight line.

Look at the chart, do u see any sell sign, does it cut below the 25ema.

But, this is my view, still dyodd n BOSAYOR.

bennykusman ( Date: 14-Aug-2009 09:33) Posted:

price drops leh...;

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14-Aug-2009 09:43

Midas / Midas

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benny,

Relax lah, keep cool, mkt dun go up in straight line.

Look at the chart, do u see any sell sign, does it cut below the 25ema.

But, this is my view, still dyodd n BOSAYOR.

bennykusman ( Date: 14-Aug-2009 09:33) Posted:

price drops leh...;(

risktaker ( Date: 14-Aug-2009 09:29) Posted:

Relax ah :) Hold your baby ... Just some filtering

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14-Aug-2009 00:02

Others / Market News that affect STI

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U.S. Stocks Climb as Paulson Buys Banks, Consumer Shares Drop

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By Whitney Kisling

Aug. 13 (Bloomberg) -- U.S. stocks rose for a second day after investor John Paulson’s hedge fund bought stakes in banks and Wal-Mart Stores Inc. reported better-than-estimated earnings, overshadowing an unexpected slump in retail sales.

Bank of America Corp., Regions Financial Corp. and Goldman Sachs Group Inc. advanced after Paulson’s firm said it purchased stakes in the companies. Walmart, the largest retailer, added 1.7 percent. Alcoa Inc., the largest U.S. aluminum producer, climbed as metals advanced. Stocks retreated earlier as the Commerce Department said sales at retailers dropped for the first time in three months.

The Standard & Poor’s 500 Index added 0.4 percent to 1,010.17 at 11:12 a.m. in New York. The Dow Jones Industrial Average increased 18.74 points, or 0.2 percent, to 9,380.35.

“The news on the economy is that it’s recovering, the news on corporate profits is that they’re recovering,” said Nick Sargen, chief investment officer at Fort Washington Investment Advisors in Cincinnati, which oversees more than $27 billion. “That’s what’s bolstered the stock market.”

The S&P 500 rose 1.2 percent yesterday after the Federal Reserve said the recession is easing, while pledging to keep its benchmark interest rate near a record low, and analysts boosted their outlook on insurers.

Bank of America rallied 4.8 percent to $16.69, the biggest climb in the Dow. Paulson’s hedge fund bought 168 million shares of the company in the second quarter, a regulatory filing showed, becoming the lender’s fourth-largest shareholder.

Regions, Goldman Gain

Regions Financial Corp. rallied 7.7 percent to $5.19 after Paulson also bought 35 million shares, becoming the second- largest stakeholder in the Alabama bank. Goldman Sachs added 0.6 percent to $164.70.

Citigroup Inc., the bank rescued by a $45 billion U.S. bailout, increased 2.8 percent to $4.09 after the shares surged 7.9 percent yesterday.

Walmart posted second-quarter profit of 88 cents a share, compared with analysts’ estimates of 86 cents. The stock added 1.7 percent to $51.35.

Alcoa climbed 5 percent to $13.61.

Stocks dropped earlier following reports on retail sales and initial jobless claims that were worse than economist estimated, signaling the economy is still suffering. U.S. retail sales fell 0.1 percent in July, marking the first drop in three months, as consumers cut spending amid concern over jobs and stagnant incomes.

Jobless Claims

A separate report showed the number of Americans filing initial claims for jobless benefits rose to 558,000 last week. The world’s largest economy has lost 6.7 million jobs since the recession started in December 2007.

Kohl’s Corp. lost 1.9 percent to $51.30 after sales at stores open at least a year slid, dragging second-quarter profit down 3 percent. Additionally, the department-store chain’s annual earnings forecast of $2.59 to $2.70 a share missed analysts’ consensus estimate of $2.78.

D.R. Horton Inc. fell the most in the S&P 500, slipping 3.5 percent to $12.98 after Citigroup Inc. downgraded the shares to “sell” from “hold,” saying the stock is at least 15 percent overvalued. KB Home also fell after being downgraded. Raymond James cut the company to “underperform,” sending the shares down 1.9 percent to $17.93.

To contact the reporter on this story: Whitney Kisling in New York at wkisling@bloomberg.net. Last Updated: August 13, 2009 11:15 EDT

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13-Aug-2009 23:12

AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m

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Below is my chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by rating it as "bad post", accumulating for yourself and your

next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing.

This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

Ausgroup has quite similar chart pattern as Straits Asia (SAR) n may or may not follow the same upward

trajectory tat u see in SAR when it completes the handle of cup.

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13-Aug-2009 23:05

Midas / Midas

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U can download the free version from http://www.chartnexus.com/

bennykusman ( Date: 13-Aug-2009 22:56) Posted:

hi richtan,

may i know what software u use to draw the chart ? i want to try it too..

richtan ( Date: 13-Aug-2009 22:46) Posted:

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13-Aug-2009 23:02

Midas / Midas

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Nah... dun thanks me.

Must dyodd n BOSAYOR.

Take responsibility for your own trades , not bcos u are swayed by my postings as I might be wrong as TA is not infallible.

Remember to set your stop-loss (Remember the 3 golden mantras by heart).

Personally, for me, I set my stop-loss (not really stop-loss but take profit) and exit the next day if it close below the 25ema.

But do not follow my stop-loss blindly, it also depends on your risk-aversion level,

bennykusman ( Date: 13-Aug-2009 22:53) Posted:

thanks rich.. will enter tomorrow.. hope will improve my daily lunch from the profit..

richtan ( Date: 13-Aug-2009 22:51) Posted:

Hi benny,

Yes, it is.

Take your time to read thru this whole thread to know the FA, the streams of contracts awarded and more to come with China's stimulus spending on infrastruture.

Wat is left only is timing entry n exit with TA.

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13-Aug-2009 22:53

Midas / Midas

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I share the same view as u.

ozone2002 ( Date: 13-Aug-2009 22:49) Posted:

Looking at the chart today..the down bar is small.. and vol is light..

the way i interpret is that the professional money is not selling cos the vol is light.. and the small range down bar means that they are accumulating at this small price range to get a competitive price for the push up...

Can anyone confirm if MIDAS is reporting results tomorrow?

DYODD

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13-Aug-2009 22:51

Midas / Midas

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Hi benny,

Yes, it is.

Take your time to read thru this whole thread to know the FA, the streams of contracts awarded and more to come with China's stimulus spending on infrastruture.

Wat is left only is timing entry n exit with TA.

bennykusman ( Date: 13-Aug-2009 22:47) Posted:

are you sure ??

tonylim ( Date: 13-Aug-2009 20:37) Posted:

This is a solid company with sound fundamentals and strong management. Should be hitting above $1 soon. Going to announce a slew of new contracts !

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13-Aug-2009 22:46

Midas / Midas

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13-Aug-2009 18:35

Midas / Midas

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Shouldn't be a worry, sweet dreams tonite.

dealer0168 ( Date: 13-Aug-2009 18:28) Posted:

Tomorrow should be above $0.90 (since the results out tomorrow right should be a GOOD one) Smiley

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13-Aug-2009 17:07

Midas / Midas

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IMO, Midas is taking a breather after yesterday's strong runup.

Trade Summary still shows more buying up:

5EN (MIDAS)

WEIGHTED AVG PRICE : 0.8943	LAST DONE PRICE : 0.885
SPREAD/PRICE RATIO : 0.0056	AVG TRADE SIZE : 23.499

< />

Last

Trades

Vol

BuyVol

Mid

SellVol

0.885

1,973

1,801

172

0.889

0.890

459

8,548

4,244

4,304

0.891

0.895

363

8,646

4,761

3,885

0.896

0.900

182

6,314

1,637

4,677

0.905

1,299

TOTAL

1,143

26,859

12,443

14,337

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13-Aug-2009 16:55

AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m

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Always remember , never try to pre-empt the chart n second-guess (MFT), let the mkt tells u based on EOD data.

star-trader ( Date: 13-Aug-2009 15:40) Posted:

RichTan,

Thanks for your charts.. From your chart, looks like it will drop back to 0.585? if there isn't any supports at 0.62? Current price still stagnant at 0.61.

thks,

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13-Aug-2009 16:34

Others / Market News that affect STI

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Stock Bulls Increase as Survey Shows Most Optimism in Two Years

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By Whitney Kisling and Alexis Xydias

Aug. 12 (Bloomberg) -- Investor sentiment improved around the globe this month, turning bears into bulls in five of the world’s biggest stock markets as earnings and economic data topped estimates.

Optimism on U.S. equities climbed the most since April, according to the Bloomberg Professional Confidence Survey. Investors expect equities to rise during the next six months in a record seven countries, with indexes in Brazil, Italy, the U.K., France, Mexico, Japan and Switzerland forecast to advance.

Stocks surged for four straight weeks as companies worldwide beat second-quarter earnings estimates by 13 percent and the U.S. economy shrank less than forecast in the second quarter. The MSCI World Index of 23 developed nations has gained 52 percent since sinking to the lowest level in more than a decade on March 9, the biggest rally since it was introduced in 1970, according to data compiled by Bloomberg.

“The more stocks go up, the more optimism there will be,” said Alberto Espelosin, who helps manage about $10 billion at Zaragoza, Spain-based Ibercaja Gestion and was among 1,375 participants in the survey. “The U.S. will clearly come out of a recession at the end of this quarter, but stock prices may already be discounting this.”

Investor sentiment was within 1 point of reaching 50 in the U.S. and Germany, the level that shows participants expect prices to rise in the next six months. Confidence in the Standard & Poor’s 500 Index, the benchmark gauge for American equities, increased to a three-month high of 49.7, twice the record low of 23.5 in January 2008. For Germany’s DAX Index, the reading of 49.5 is the highest since December 2007, the second month the survey was conducted. Spain’s reading of 40 was the lowest among those in the survey.

Quarterly Gain

The S&P 500 has jumped 8.2 percent since May as the Conference Board’s index of leading economic indicators rose for three straight months. The Labor Department said last week that the U.S. unemployment rate fell for the first time in 15 months.

Equities increased after companies from Santa Clara, California-based Intel Corp. and JPMorgan Chase & Co. in New York to BP Plc in London reported profit that beat analysts’ estimates. On average, companies in the MSCI World beat projections by 13 percent during the second quarter, according to data compiled by Bloomberg.

‘Very, Very Good’

“There’s absolutely no question that the earnings news has been very, very good,” said Joseph Veranth, chief investment officer at Dana Investment Advisors in Brookfield, Wisconsin, which manages $2.3 billion. “That’s really been a positive for the market.”

The U.K. had the biggest advance among the 10 nations in the survey, rising 43 percent to 60.6 since July. The FTSE 100 Index posted an 11-day winning streak last month, jumping 11 percent through July 27. The nation’s housing market improved in July, while retail sales increased.

Europe’s Dow Jones Stoxx 600 Index has surged 44 percent since March 9. Optimism for equities in France, the second- largest economy in the region, climbed 21 percent to 57.8. Industrial production increased for a second straight month in June, helped by auto sales, and business confidence reached an 11-month high in July.

The Italian economy benefited from European auto demand that boosted sales at Turin-based Fiat SpA, while Switzerland’s leading economic indicators rose in June. Both nations’ readings rose to all-time highs, with Italy’s level up 28 percent to 62.9 and Switzerland’s increasing 36 percent to 53.6.

Smallest Increase

Confidence in Germany’s DAX rose the least, advancing 5.3 percent to 49.5. The stock index has surged 45 percent since March 6, pushing it to the most expensive level relative to earnings in more than five years.

The sentiment measure for Brazil rose 12 percent to 68.1, the highest of the 10 countries. The nation’s Bovespa Index has jumped 49 percent in 2009 on speculation a rebound in commodity prices and record-low interest rates will fuel growth in Latin America’s largest economy. Confidence in Mexico climbed 6.7 percent to 53.9.

In Japan, the Nikkei 225 Stock Average has advanced 48 percent in the past five months. The confidence gauge for equities in the world’s second-biggest economy rose 13 percent to 53.7 percent.

To contact the reporters on this story: Whitney Kisling in New York at wkisling@bloomberg.net; Alexis Xydias in London at axydias@bloomberg.net. Last Updated: August 12, 2009 07:00 EDT

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