Latest Posts By richtan
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| 14-Jul-2009 22:41 |
China Hongxing
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Good News for China Hongxin
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Below is my daily line 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. This is only my view n I may be right or wrong, so dyodd. 
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| 14-Jul-2009 22:29 |
Midas
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Midas
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Hi fartist, Yes, it is forming higher high n higher low albeit 2 black candles ( a shooting star n today's spinning top) n a doji from Fri till today n rise on decreasing volume, so I expect a pullback, probably to the 15ema or 25ema. Looking at the chart, note tat the 25ema had been providing very strong support so far but if broken, next support is the 65ema.
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| 14-Jul-2009 22:18 |
AusGroup
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AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
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Below is my daily line 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. This is only my view n I may be right or wrong, so dyodd. 
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| 14-Jul-2009 22:06 |
Midas
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Midas
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Below is my daily line 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. This is only my view n I may be right or wrong, so dyodd. 
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| 14-Jul-2009 21:51 |
China Sports
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China Sport
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Even if the price moves up, the 3 emas pose strong resistances. I would prefer to enter only when it is above the 3 emas n either test it as a support or then forms a higher high n higher low after breaking above the 3 emas and the 3 emas gradient flattening.
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| 14-Jul-2009 21:35 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Below is my daily line 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. This is only my view n I may be right or wrong, so dyodd. 
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| 14-Jul-2009 21:28 |
Others
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DOW
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U.S. Stock-Index Futures Advance on Commodity Prices, Earnings By Adam Haigh and Whitney Kisling July 14 (Bloomberg) -- U.S. stock futures rose as higher oil and metal prices lifted commodity producers and earnings topped estimates at CSX Corp. and Johnson & Johnson. Exxon Mobil Corp. added 0.4 percent and Freeport-McMoRan Copper & Gold Inc., the world’s biggest publicly traded copper producer, climbed 2.1 percent. Johnson & Johnson and CSX added at least 0.8 percent. CIT Group Inc. surged 20 percent after the commercial lender said it is in “active discussions” with regulators about a rescue. Goldman Sachs Group Inc. fluctuated after posting profit that topped analysts’ estimates. Futures on the S&P 500 expiring in September added 0.5 percent to 899.8 at 8:33 a.m. in New York. Dow Jones Industrial Average futures climbed 0.5 percent to 8,300. Nasdaq-100 Index futures rose 0.2 percent to 1,445.25. The S&P 500 posted its steepest advance since June 1 yesterday as analyst Meredith Whitney recommended buying shares of Goldman Sachs and said banks may rally 15 percent, pushing up financial shares. The benchmark index for U.S. equities has risen 33 percent from its 12-year low on March 9 amid speculation the economic contraction is slowing. Goldman Sachs Group Inc.’s second- quarter profit exceeded analysts’ estimates as record trading and stock underwriting led the company to its highest quarterly profit. Net income in the three months ended June 26 was $3.44 billion, or $4.93 a share, the New York-based bank said today in a statement. That surpassed the $3.65 per-share average estimate of 22 analysts surveyed by Bloomberg and compared with $2.09 billion, or $4.58 per share, in last year’s second quarter. Goldman Beats Goldman Sachs Group Inc.’s second-quarter profit exceeded analysts’ estimates as record trading and stock underwriting led the company to its highest quarterly profit. Net income in the three months ended June 26 was $3.44 billion, or $4.93 a share, the bank said in a statement. That surpassed the $3.65 per-share average estimate of 22 analysts surveyed by Bloomberg and compared with $2.09 billion, or $4.58 per share, in last year’s second quarter. Freeport-McMoRan climbed 2.7 percent to $49.20, as copper rose for a second day. Alcoa Inc., the largest U.S. aluminum producer, added 2 percent to $9.85. CIT Group jumped 20 percent to $1.62. The century-old lender that’s been unable to persuade the government to back its debt sales said it is in talks with regulators about a rescue before $1 billion of bonds mature next month. Earnings Watch Intel Corp. and Citigroup Inc. are among more than 30 companies in the S&P 500 Index scheduled to report results this week. Analysts estimate the group’s profits fell an average 35 percent in the second quarter and will decrease 21 percent from July through September, according to data compiled by Bloomberg. Citigroup rose 6.5 percent to $2.96. General Electric Co., viewed as an economic bellwether for the U.S. as the world’s biggest supplier of power-plant turbines, jet engines and private-label credit cards, rallied 2.1 percent to $11.70. Both companies will report earnings July 17. Johnson & Johnson climbed 1.4 percent to $58.85 after the maker of health-care products such as Listerine mouthwash reported second-quarter earnings that beat analysts estimate by 3 cents a share. Dell Inc. slid 3.2 percent to $12.60. The world’s second- largest maker of personal computers said profitability may suffer this quarter on higher costs. Competitive pricing and the higher cost of components will cause a “modest decline” in second-quarter gross margin, the company said yesterday. Demand has stabilized and sales probably rose from the first quarter, Dell said. To contact the reporters on this story: Adam Haigh in London at ahaigh1@bloomberg.net; Whitney Kisling in New York at wkisling@bloomberg.net. Last Updated: July 14, 2009 08:36 EDT |
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| 14-Jul-2009 14:47 |
Midas
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Midas
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Hi ronleech, Midas has got extremely good FA , with so many contracts being awarded, with more to come. So, there is no worry, it is a matter of time tat it will break above 90, although it anturally will have corrections n profit-taking, which are good buying opportunities if u know how to spot buy signs in TA, though TA is not infallible, thus also must set stop-loss.
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| 14-Jul-2009 14:28 |
Others
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DOW & STI
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I dun think US is anymore a mkt leader as it is a debtor country, dun depend on them for consumer spending. The leader now is China as they are now the world's richest country, in time to come, mkt trader will look to SSE for direction instead of DOW.
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| 14-Jul-2009 14:21 |
Others
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Most - S-Chip get ready to get 10-20% Price Hike
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Hi dealer0168, Copy from your posting in another thread: China Getting Set - A Young Bull China's economy will gain more momentum in 2H09. (as per UOB news.
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| 14-Jul-2009 14:14 |
Others
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Most - S-Chip get ready to get 10-20% Price Hike
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| 14-Jul-2009 12:38 |
Others
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Most - S-Chip get ready to get 10-20% Price Hike
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China’s Economic Growth May Accelerate to 7.8% on Credit Boom By Bloomberg News July 14 (Bloomberg) -- China’s economy may have expanded 7.8 percent in the second quarter as record lending and surging investment drove a rebound from the weakest growth in almost a decade, a survey shows. The median forecast of 20 economists in a Bloomberg News survey compares with a 6.1 percent expansion in the previous three months from a year earlier. The government will announce gross domestic product in Beijing on July 16. China’s 4 trillion yuan ($585 billion) stimulus package and the scrapping of lending restrictions for banks powered a revival in the world’s third-largest economy, countering a collapse in exports. Investment in factories, property and roads surged 34 percent in the first six months of 2009 from a year earlier, the fastest pace in five years, the survey showed. “China will be the first among major economies to confirm an economic recovery,” said Tao Dong, chief Asia economist at Credit Suisse Group AG in Hong Kong. Policy makers will use bill sales, instructions to banks, and loan regulations to “fine- tune” monetary policy, Tao said. A rebound in GDP would snap a two-year run of progressively slower growth. The Shanghai Composite Index has climbed 80 percent from last year’s low, with PetroChina Co. and Industrial & Commercial Bank of China Ltd. contributing the biggest shares of the gain, as money floods the economy. China’s slowdown deepened after government efforts from 2007 to cool the economy and the property market by raising interest rates and adding loan restrictions were exacerbated by the global financial crisis. Maintaining Stability Premier Wen Jiabao wants faster growth to create jobs and maintain social stability ahead of the 60th anniversary of Communist Party rule in October. Ethnic riots in Urumqi in the northwestern Xinjiang province on July 5 left at least 184 people dead, highlighting the potential for disorder. “The outlook for exports and the job market remains grim, so Beijing won’t step on the brake until they’re assured of social stability,” Tao said. Wen cautioned this month that a recovery is not yet on solid ground, citing falling profits and fiscal revenue, unemployment and weak global demand. The central bank has kept interest rates and reserve requirements for lenders unchanged this year after cuts in 2008. It has stalled the yuan’s gains against the dollar for a year to help exporters. ‘Fragile’ Recovery “China’s economic rebound is still fragile, so any drastic change to macroeconomic policies would be a spring frost that freezes the green shoots,” said Fan Jianping, head of the economic forecast department of the State Information Center, an affiliate of the nation’s top economic planning agency. Record lending may inflate bubbles in stocks and property and add to bad-debt risks. The central bank pledged yesterday to do more to “guide” loan growth after previously urging more lending to small and medium-sized businesses. Two government bill sales failed last week on speculation that the credit boom will spark inflation. That risk is not immediate. Consumer prices may have fallen 1.3 percent in June from a year earlier, the fifth monthly decline, with producer prices dropping a record 7.4 percent, the survey showed. Industrial-output growth may have quickened to 9.5 percent in June, the fastest pace in nine months after eliminating seasonal distortions in January and February, the survey showed. Retail sales rose 15.3 percent from a year earlier, according to the economists’ forecasts. New loans tripled to 7.37 trillion yuan in the six months through June from a year earlier, overshooting the central bank’s minimum target for the whole year by 47 percent. --Li Yanping. Editors: Paul Panckhurst, Margo Towie. To contact Bloomberg News staff for this story: Li Yanping in Beijing at +86-10-6649-7568 or yli16@bloomberg.net Last Updated: July 13, 2009 12:00 EDT |
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| 14-Jul-2009 12:20 |
AusGroup
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AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
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Bintang, U r most welcomed. I too learnt a lot from u.
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| 14-Jul-2009 11:55 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Asian Stocks Climb on Earnings Optimism; Posco, Komatsu Advance By Jonathan Burgos July 14 (Bloomberg) -- Asian stocks rose, lifting the MSCI Asia Pacific Index from an eight-week low, as Posco raised its production target and Singapore upgraded its forecast for economic growth. Posco, South Korea’s largest steelmaker, climbed 3.5 percent in Seoul after saying 2009 output may be 6.4 percent higher than forecast. Komatsu Ltd., the world’s No. 2 maker of earthmoving equipment, surged 6.3 percent after the Nikkei English News said the company likely posted an operating profit in the April-June quarter. DBS Group Holdings Ltd., Southeast Asia’s biggest bank, gained 2.5 percent in Singapore. The MSCI Asia Pacific Index rose 1.9 percent to 99.90 as of 12:12 p.m. in Tokyo after yesterday closing at its lowest level since May 18. The index had rallied 42 percent from a more than five-year low on March 9 on optimism stimulus policies around the world will revive the global economy. “The recovery is gaining traction,” said Nader Naeimi, a strategist at AMP Capital Investors in Sydney, which manages about $95 billion. “Even if we don’t see spectacular growth, a stabilization should be enough to support a market rally.” Japan’s Nikkei 225 Stock Average rose 2.6 percent, with NEC Electronics Corp. surging 10 percent after the Nikkei said the company will boost production. Kirin Holdings Co. gained 1.9 percent after confirming it’s in merger talks with Suntory Holdings Ltd. Coal Shipments Singapore’s Straits Times Index gained 2.2 percent. The S&P/ASX 200 Index in Australia climbed 2.6 percent, led by mining company BHP Billiton, which jumped 3.9 percent as coal shipments from the country’s Newcastle port climbed. Futures on the Standard & Poor’s 500 Index were little changed. The gauge rallied 2.5 percent yesterday, led by finance shares after analyst Meredith Whitney said U.S. bank stocks will likely rise 15 percent. She recommended investors buy Goldman Sachs Group Inc. Raw material producers accounted for 15 percent of the MSCI Asia Pacific Index’s advance today. Posco climbed 3.5 percent to 445,000 won. The company announced its new production target after the market closed yesterday as it reported second-quarter profit that beat analyst estimates. Komatsu rose 6.3 percent to 1,377 yen. The company will likely report about 5 billion yen ($54 million) in operating profit for the three months to June, recovering from a loss in the previous quarter, the Nikkei newspaper reported. Demand in emerging markets, including China, and cost cuts contributed to earnings, the newspaper said. World’s Best Investments “Stimulus measures will soon start to take effect in emerging countries such as China and India, and people are snapping up companies that will benefit from their revival,” said Yoshihiro Ito, senior strategist at Okasan Asset Management Co., which oversees about $7.7 billion. Chinese stocks are among the world’s best investments because the nation’s economic growth is poised to exceed forecasts, according to Barton Biggs, who runs New York-based hedge fund Traxis Partners LP. The Shanghai Composite Index added 1.4 percent today. NEC Electronics, Japan’s fourth-largest chipmaker, surged 10 percent to 818 yen after the Nikkei reported the company will bolster use of its plant in Kumamoto prefecture, southwestern Japan, to about 70 percent. Kirin, Japan’s largest drinks maker, added 1.9 percent to 1,419 yen. The stock extended yesterday’s 7.8 percent surge after the Nikkei newspaper reported Kirin and closely held Suntory were discussing a merger. The companies are in the “early stage” of discussions and no decision has been made, Kirin said in a statement to Tokyo’s Stock Exchange today. Economic Growth In Singapore, DBS gained 2.5 percent to S$11.70. CapitaLand Ltd., the city’s biggest developer, rose 2.4 percent to S$3.39. Singapore’s gross domestic product will shrink between 4 percent and 6 percent this year, less than an earlier forecast for a contraction of as much as 9 percent, the trade ministry said today. The economy grew an annualized 20.4 percent last quarter from the previous three months, after declining a revised 12.7 percent between January and March, it said. “Early signs of a global recovery have now emerged,” Alan Bollard, governor of the New Zealand central bank said today. Australian business sentiment turned positive in June for the first time since December 2007, a National Australia Bank Ltd. index released today showed. The stock rally since March has lifted the average valuation of companies on the MSCI Asia Pacific Index to 41 times reported profit, more than double the 15 times stocks were trading at during the market’s trough that month. ‘Getting More Cautious’ “Today’s gains might still be a bit short-lived,” said Steven Leung, a Hong Kong-based director of institutional sales at UOB-Kay Hian Ltd. “People have been getting more cautious as valuations aren’t as attractive as a couple of months ago. Most of my institutional clients have a very high level of cash in hand.” Melbourne-based BHP jumped 3.9 percent to A$33.47, while Rio Tinto Group added 3.2 percent to A$48.11. The companies are among those that ship coal through Newcastle, the world’s biggest export harbor for the fuel. Coal shipments from the port gained 11 percent last week while the number of vessels waiting to load decreased, Newcastle Port Corp. said on its Web site. Mitsubishi Corp., which operates an alliance with BHP that is the world’s biggest exporter of coking coal, climbed 4.4 percent to 1,631 yen in Tokyo. To contact the reporter on this story: Jonathan Burgos in Singapore at jburgos4@bloomberg.net. Last Updated: July 13, 2009 23:13 EDT |
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| 14-Jul-2009 11:37 |
AusGroup
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AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
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Ooops, typo error. Should be "Gaps may or may not fill, not compulsory to be filled
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| 14-Jul-2009 11:35 |
AusGroup
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AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
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Gaps may or may not fill, not compulsory. o br filled If filled, it provides support. If unfilled, it becomes a runaway gap
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| 14-Jul-2009 11:11 |
Others
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DOW & STI
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Most likely unless it is a fake breakout, void if it later falls back below tat resistance line. For it to go higher, on breakout, it must subsequently either form a higher high n high low or re-test tat line as a support.
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| 14-Jul-2009 10:42 |
Midas
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Midas
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Below is my daily line 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. This is only my view n I may be right or wrong, so dyodd. 
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| 14-Jul-2009 10:22 |
AusGroup
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AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
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Below is my weekly line 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. This is only my view n I may be right or wrong, so dyodd. 
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| 14-Jul-2009 10:13 |
Others
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DOW & STI
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Below is my daily line 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. This is only my view n I may be right or wrong, so dyodd 
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