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Latest Posts By richtan - Supreme      About richtan
First   < Newer   1821-1840 of 3268   Older>   Last  

25-Jul-2009 00:46 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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Today's high (0.575) had broke above the resistance of 0.57 and close at the resistance of 0.57 on

extremely high volume and the day low touched the previous down-sloping resistance as a support



richtan      ( Date: 24-Jul-2009 18:45) Posted:

Today's white candle formed a higher high n higher low with extreme high volume,

broke above the resistance of 0.56 (close of 20/7) which may now forms the support n

intraday broke above the 0.57 resistance.



ozone2002      ( Date: 24-Jul-2009 16:18) Posted:

57.5!!BROKEN!!
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25-Jul-2009 00:37 Midas   /   Midas       Go to Message
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From wat I see at the candlestick chart, the 52 week  high is 0.91 on 11/6/08

followed by 1.00 on 22/8/06 n 11/9/06.

Obviously, the 52 week high will be a resistance, but resistance does not necessary

mean it will reverse when it is hit but just be alert for any reversal sign when it gets near it.

 



Livermore      ( Date: 24-Jul-2009 19:50) Posted:

Agree with richtan and this one seems to be consolidaing before next surge

dealer0168      ( Date: 24-Jul-2009 19:13) Posted:

Hi RichTan, after breaking 0.835....what will be the next resistance level. And will the 52 weeks record ( $0.885) high become a resistance to it
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24-Jul-2009 18:46 Others   /   Market News that affect STI       Go to Message
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Euro Rises on Improved Confidence, Manufacturing; Stocks Gain
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By Justin Carrigan


July 24 (Bloomberg) -- The euro rose against the dollar and the yen, while stocks extended the longest winning streak in more than five years, on evidence that the worst recession since World War II is moderating.

The euro snapped a three-day decline against the dollar, rising as much as 0.6 percent as of 9:23 a.m. in London, and advanced for a second day versus the yen. The MSCI World Index gained 0.3 percent to 1,028.15, climbing for a 10th straight day in its longest sequence of gains since December 2003.

Business confidence in Germany, Europe’s largest economy, rose for a fourth month in July, the Ifo institute in Munich said today. Data from Markit Economics showed Europe’s manufacturing and service industries contracted more slowly in July, beating analysts’ estimates. Federal Reserve Bank of Dallas President Richard Fisher said yesterday he sees “the beginnings of a faint recovery.”

“Incoming data surprises are finally coming in on the upside,” said Michael Rottmann, head of fixed-income research in Munich at UniCredit Markets & Investment Banking. “We’ll see a further break higher in the euro-dollar exchange rate.”

The yen fell against all of its 16 most-traded peers as investors sought higher-yielding currencies. The Australian dollar added 0.7 percent versus the yen and 0.6 percent compared with the dollar.

Brighter Outlook

Government bonds fell, led by German bunds, on waning demand for the safest assets. The yield on the 10-year German bund added 4 basis points to 3.49 percent, while 10-year Treasury yields rose 2 basis points to 3.68 percent.

“For the first time in a long time, the outlook for the global economy brightened,” European Central Bank governing council member Ewald Nowotny said today.

The pound weakened 0.2 percent against the dollar and the euro, reversing earlier gains, after the London-based Office for National Statistics said U.K. gross domestic product shrank 0.8 percent from the first quarter, more than twice as much as economists had forecast.

Europe’s Dow Jones Stoxx 600 Index climbed for a 10th day, adding 0.6 percent in the longest rising streak since 2006. Vodafone Group Plc, the world’s largest mobile phone company, gained 3.6 percent after reporting higher first-quarter sales. TeliaSonera AB jumped 6.6 percent after Sweden’s biggest telephone company said second-quarter profit increased.

Futures Gain

Futures on the Standard & Poor’s 500 Index added 0.2 percent. Amazon.com Inc., Microsoft Corp. and American Express Co. fell in European trading after reporting earnings that disappointed investors. Earlier in the week Caterpillar Inc. and EBay Corp. profits beat analyst estimates. Per-share profits have beaten projections at about 74 percent of companies in the S&P 500 so far, while 49 percent exceeded estimates on sales.

“It is cost cutting that is driving performance rather than real growth, which is fine for corporate bonds but not so good for equities,” said Gary Jenkins, a strategist at Evolution Securities in London. “We really are in ‘is the glass half empty or half full?’ mode.”

The cost of protecting investment-grade corporate bonds from default dropped to the lowest in more than 11 months, with the Markit iTraxx Europe credit swaps index falling 2.5 basis points to 93.5, JPMorgan Chase & Co. prices show.

Copper Gains

Copper for delivery in three months rose 0.3 percent to $5,548 a metric ton on the London Metal Exchange, rebounding from an earlier decline of as much as 1.4 percent. Aluminum, nickel and zinc also advanced. Crude oil added 0.6 percent to $67.57 a barrel on the New York Mercantile Exchange.

China’s central bank said it will guide “appropriate” growth in credit after record new lending in the first half of the year. China is the world’s largest consumer of commodities such as copper, aluminum and iron ore.

The ruble strengthened for the fourth day this week against the dollar as oil, Russia’s main export earner, advanced. The currency gained 0.3 percent to 31.0779 per dollar, extending this week’s rally to 2.1 percent.

Evidence is mounting that the world’s biggest economies are emerging from their deepest recessions since World War II after the U.S. government and the Federal Reserve pledged $12.8 trillion to revive growth following the seizure in credit markets in August 2007.

The Organization for Economic Cooperation and Development said June 24 gross domestic product in the 30 industrialized member countries will grow 0.7 percent next year after shrinking 4.1 percent in 2009.

To contact the reporter on this story: Justin Carrigan in London at jcarrigan@bloomberg.net

Last Updated: July 24, 2009 05:17 EDT
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24-Jul-2009 18:45 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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Today's white candle formed a higher high n higher low with extreme high volume,

broke above the resistance of 0.56 (close of 20/7) which may now forms the support n

intraday broke above the 0.57 resistance.



ozone2002      ( Date: 24-Jul-2009 16:18) Posted:

57.5!!BROKEN!!
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24-Jul-2009 14:26 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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HSI still going up n holding strongly:

Asia Europe America Commodity(** = 30 mins delayed)
Index Last Change % High Low Time
STI 2506.89 21.99 0.88% 2527.83 2506.03 14:11:29
Hangseng 19909.95 92.25 0.47% 20063.93 19715.15 12:30:02
Nikkei225 9944.55 151.61 1.55% 9950.04 9863.87 15:00:43
SSE 3339.29 10.80 0.32% 3398.05 3306.91 14:10:45
KLCI 1151.81 -0.34 -0.03% 1159.81 1147.85 12:20:15
SET 613.66 1.47 0.24% 618.36 610.27 12:30:12


richtan      ( Date: 24-Jul-2009 12:07) Posted:

 
Asia Europe America Commodity(** = 30 mins delayed)
Index Last Change % High Low Time
STI 2515.65 30.75 1.24% 2527.83 2506.03 12:02:29
Hangseng 19887.96 70.26 0.35% 20063.93 19715.15 12:02:33
Nikkei225 9880.69 87.75 0.9% 9943.05 9863.87 13:02:03
SSE 3375.16 46.67 1.4% 3376.46 3339.20 11:30:08
KLCI 1151.31 -0.84 -0.07% 1159.81 1147.85 12:02:00
SET 612.64 0.45 0.07% 618.36 612.39 11:01:58
Hang Seng intraday aredi broke above 20000, at 20063


aleoleo      ( Date: 24-Jul-2009 14:22) Posted:

market is having a YOYO swing ..... HK and SSE ...... HK drop alot this morning, SSE just now was in red , hope will be better
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24-Jul-2009 14:13 Others   /   Market News that affect STI       Go to Message
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HSI still going up n holding strongly:

Asia Europe America Commodity(** = 30 mins delayed)
Index Last Change % High Low Time
STI 2506.89 21.99 0.88% 2527.83 2506.03 14:11:29
Hangseng 19909.95 92.25 0.47% 20063.93 19715.15 12:30:02
Nikkei225 9944.55 151.61 1.55% 9950.04 9863.87 15:00:43
SSE 3339.29 10.80 0.32% 3398.05 3306.91 14:10:45
KLCI 1151.81 -0.34 -0.03% 1159.81 1147.85 12:20:15
SET 613.66 1.47 0.24% 618.36 610.27 12:30:12


richtan      ( Date: 24-Jul-2009 12:07) Posted:

 
Asia Europe America Commodity(** = 30 mins delayed)
Index Last Change % High Low Time
STI 2515.65 30.75 1.24% 2527.83 2506.03 12:02:29
Hangseng 19887.96 70.26 0.35% 20063.93 19715.15 12:02:33
Nikkei225 9880.69 87.75 0.9% 9943.05 9863.87 13:02:03
SSE 3375.16 46.67 1.4% 3376.46 3339.20 11:30:08
KLCI 1151.31 -0.84 -0.07% 1159.81 1147.85 12:02:00
SET 612.64 0.45 0.07% 618.36 612.39 11:01:58
Hang Seng intraday aredi broke above 20000, at 20063
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24-Jul-2009 14:08 Others   /   Market News that affect STI       Go to Message
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Nikkei still holding up strongly.



richtan      ( Date: 24-Jul-2009 10:35) Posted:

Nikkei is getting even more stronger:



richtan      ( Date: 24-Jul-2009 09:45) Posted:



Nikkei also gone ballistic.



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24-Jul-2009 13:45 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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I m sure admin is monitoring the forum n aware of this,

so it must be either forumers are allowed to advertise their

products or biz or it could be a special privilege granted to

supreme status.



petertan4949      ( Date: 24-Jul-2009 10:25) Posted:

I see you are advertising for this software?

iPunter      ( Date: 24-Jul-2009 10:22) Posted:



Yup...

Stock playing is all about risk...

Although you buy and sell stocks, you are actually playing the game called risk...

Stocks are nothing but just numbers...

To play the game well, a change of paradigm is required... Smiley


__________________________________________________________

For heaven's sake, borrow a copy of "The Genie Tutorials" from someone.
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24-Jul-2009 12:34 Others   /   Market News that affect STI       Go to Message
x 0
x 0 		Smiley U will be very shocked when one day it transformed into a roaring tiger (cat family)

des_khor      ( Date: 24-Jul-2009 12:22) Posted:

They are Pussy cat...

richtan      ( Date: 24-Jul-2009 12:21) Posted:

des_khor, Smiley be very patient, every dog has its day, every cloud has its silver lining
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24-Jul-2009 12:21 Others   /   Market News that affect STI       Go to Message
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x 0 		des_khor, Smiley be very patient, every dog has its day, every cloud has its silver lining.

des_khor      ( Date: 24-Jul-2009 12:14) Posted:

Haha...SSE up up touch the sky.... our S-Chip like a snail....
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24-Jul-2009 12:07 Others   /   Market News that affect STI       Go to Message
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Asia Europe America Commodity(** = 30 mins delayed)
Index Last Change % High Low Time
STI 2515.65 30.75 1.24% 2527.83 2506.03 12:02:29
Hangseng 19887.96 70.26 0.35% 20063.93 19715.15 12:02:33
Nikkei225 9880.69 87.75 0.9% 9943.05 9863.87 13:02:03
SSE 3375.16 46.67 1.4% 3376.46 3339.20 11:30:08
KLCI 1151.31 -0.84 -0.07% 1159.81 1147.85 12:02:00
SET 612.64 0.45 0.07% 618.36 612.39 11:01:58
Hang Seng intraday aredi broke above 20000, at 20063
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24-Jul-2009 11:56 Others   /   Market News that affect STI       Go to Message
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Dow Averages Signal Bull Market



By Colin Twiggs
July 23, 2009 10:00 p.m. ET (12:00 p.m. AET)

These extracts from my trading diary are for educational purposes and should not be interpreted as investment or trading advice. Full terms and conditions can be found at Terms of Use.



Five major indexes have all commenced a primary up-trend, signaling the start of a bull market. A word of caution: the recovery is exceedingly fragile. I will only feel comfortable with the bull signal when the Fed and other central banks start raising interest rates. And that is unlikely to occur for some time — without risking a second contraction. Keep your guard up — and your stops tight.

Dow Jones Industrial Average



The Dow broke through 9000, exceeding its January high to confirm a primary advance with a target of 10000*. The spike in Twiggs Money Flow (21-Day) indicates abnormal buying pressure.

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24-Jul-2009 11:34 Others   /   Most - S-Chip get ready to get 10-20% Price Hike       Go to Message
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Smiley, fly over there n investigate lor, joking lah...

RO125per already replied on my behalf.



des_khor      ( Date: 24-Jul-2009 10:13) Posted:

How to dig them so deep when they are so far away?

richtan      ( Date: 24-Jul-2009 10:08) Posted:

Tats why, never judge a book by its cover, dig deeper into its FA n time entry n exit by TA
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24-Jul-2009 10:35 Others   /   Market News that affect STI       Go to Message
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Nikkei is getting even more stronger:



richtan      ( Date: 24-Jul-2009 09:45) Posted:



Nikkei also gone ballistic.


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24-Jul-2009 10:11 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
x 1
x 0 		Remember, wats is high can be higer n wat is low can be even lower, most impt, look for reversal confirmation in charts. But of course TA is not infallible, so also must set trailing stop-loss level.

watergate      ( Date: 24-Jul-2009 10:08) Posted:

Shopping day? Looking at the bollinger band and stoch I thought the prices is still a bit on the high side. Feel free to comments.
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24-Jul-2009 10:08 Others   /   Most - S-Chip get ready to get 10-20% Price Hike       Go to Message
x 1
x 0 		Tats why, never judge a book by its cover, dig deeper into its FA n time entry n exit by TA.

des_khor      ( Date: 24-Jul-2009 10:06) Posted:

The problem is the cover looks so nice... but inside.... hai...



Peg_li      ( Date: 24-Jul-2009 09:27) Posted:

Pls be a little bit patient for S-chips, not all S-chips are bad,select some which it is still lower price, its' price will move up soon or later
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24-Jul-2009 10:02 Others   /   Market News that affect STI       Go to Message
x 1
x 0 		Asian Stocks Rise on South Korea Growth, U.S. Home Sales Report
Share | Email | Print | A A A



By Shani Raja

July 24 (Bloomberg) -- Asian stocks rose for a ninth day, giving the MSCI Asia Pacific Index its longest winning streak since 2004, as sales of existing U.S. homes climbed and South Korea’s economy grew at the fastest pace in almost six years.

Rio Tinto Group gained 2 percent in Sydney as commodity prices rallied yesterday. Murchison Metals Ltd. surged 13 percent after saying Chinese groups are interested in helping develop an iron-ore project. Toyota Motor Corp., which gets more than a half its profit from North America, rose 1.9 percent as the yen depreciated against the dollar. Samsung Electro- Mechanics Co., a South Korean electronic-parts maker, advanced 1.8 percent after a brokerage raised its share-price target.

“Global market sentiment continues to rise,” said Ben Potter, an analyst at IG Markets in Melbourne. “The collapse of the housing market started this whole crisis and its recovery is certainly needed for any sustained economic improvement.”

The MSCI Asia Pacific Index added 0.7 percent to 107.78 as of 10:09 a.m. in Tokyo, with five stocks advancing for each one that declined. The gauge has gained 9.9 percent in the past nine days, the longest winning streak since August 2004.

Australia’s S&P/ASX 200 Index dipped 1.1 percent. New Zealand’s NZX 50 Index added 1.6 percent, while South Korea’s Kospi Index added 0.5 percent.

Futures on the Standard & Poor’s 500 Index lost 0.4 percent. The gauge climbed 2.3 percent yesterday, as EBay Inc. and Ford Motor Co. posted better-than-estimated results. Sales of existing U.S. homes advanced 3.6 percent last month from May, surpassing the 1.5 percent gain estimated by economists.

The increased sales fanned speculation demand for resources will recover, lifting prices for metals and oil. A gauge of six metals in London rose for a ninth day, the longest winning streak since December 2005. Crude oil in New York jumped 2.7 percent yesterday to a level not seen in three weeks.

South Korea’s gross domestic product rose 2.3 percent from the first quarter, when the nation skirted a recession by growing 0.1 percent, the central bank said today in Seoul.

That compared with the median estimate of 2.2 percent in a Bloomberg survey and was the fastest since a 2.6 percent expansion in the last quarter of 2003. From a year earlier, GDP shrank 2.5 percent.

To contact the reporter for this story: Shani Raja in Sydney at sraja4@bloomberg.net. Last Updated: July 23, 2009 21:18 EDT
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24-Jul-2009 10:00 Others   /   Market News that affect STI       Go to Message
x 0
x 0 		Very sorry as I m not MFT, I m basically a TA trader, trade day to day based on my interpretation of the charts.

foucs6900      ( Date: 24-Jul-2009 09:58) Posted:



Hi Richtan;

Base on u guys exp, how long do u tink tis rally will last, esp nw these 2months is their corp report ? tks
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24-Jul-2009 09:54 Others   /   Market News that affect STI       Go to Message
x 1
x 0 		I beg to differ, not necessary must be always resulted in profit-taking, eg look at just last Fri, but of course there is also a possibilty tat there maybe profit-taking, we mortals dun know, can only say "maybe" till when mkt close except GOD knows. 

ronleech      ( Date: 24-Jul-2009 08:18) Posted:



Dun to be too happy bros and sis, DOW surge always resulted in profit taking....
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24-Jul-2009 09:47 Others   /   Market News that affect STI       Go to Message
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Europe also gone ballistic.

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