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Squeeze Breakout Buys
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sojourner
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18-Jun-2007 10:15
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well done TechOil&Gas :) |
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rayphua
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18-Jun-2007 10:05
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Follow Up Foreland Fabritech is FLYING! Now 0.59. Asiapower, HLG should rise some more, but this wouldn't be a breakout play. Good luck. |
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asiapower
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18-Jun-2007 10:00
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Hi Ray, What do you think of HLG Enterprise? I thought of going in for contra. Thanks |
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rayphua
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18-Jun-2007 09:55
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Follow up TechOil&Gas - Doing well, now at 0.945, 4.5 cents gain from call. Good luck. |
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cooljoe
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17-Jun-2007 22:19
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hi ray thanks for the reassurance!....just wanted 2 make doubly sure that it'll move up 2morow!....have a good week ahead!!....cheerz! |
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rayphua
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17-Jun-2007 12:59
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Federal Fyi, those vested in Federal. |
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vest4betterlife
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17-Jun-2007 12:48
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Ray, thks 4 ur analysis. |
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rayphua
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17-Jun-2007 12:26
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Cooljoe, the counters you mentioned are in accumulation mode, yes funds are vested. There has been several rumours about them, no doubt, but I rarely invest because of rumours. Charts however still look fine, even for Federal, Vest4betterlife. Support is strong. |
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vest4betterlife
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17-Jun-2007 10:09
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Hi Ray, I'm learning TA right now. Just wonder why u r still holding Federal. To me, the indicator doesn't look good. Strong selling pressure on Fri with long black candlestick. All indicators r going downward except MA and MACD not crossing below. I guess I ve analysed wrongly. Care to explain? |
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cooljoe
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16-Jun-2007 21:31
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hello rayphua, good to see you back. have been reading your post in the past. highly accurate! was looking at your portfolio. surprised to see very similar ones that i am also invested in from last week. alot of my kakis in financial industry are also holding on to the stocks. interesting. are most of them breakout plays? or are they more than that? because i heard 'news' regarding quite a few of them as well. I heard that federal target $0.82, sunvic $1.00, gemstv $1.00, banjoo 0.35. looking at their recent days trading volume shows very strong potential that the 'news' is true. big boys are accumulating for sure. believe it will cheong next week from monday. |
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rayphua
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16-Jun-2007 20:16
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Portfolio Sunvic, Gems TV, Ban Joo, Lottvis, Federal, Foreland, Sapphire, Bio-Treat, Ho Plaza, TechOil&Gas Recently offloaded - Tiong Woon, ScorpioE, King's SW, China Farm * Not all counters are the result of squeeze breakout buys * DJI Updates As mentioned in my previous post on Wednesday, it was clear that the indicators were extremely bullish, didn't post as it was not necessary until today, where we've again come to another crossroad. The week ended with DJI climbing continuously for 3 days with apparent increased trading volume. Funds have moved back in. On Friday, DJI ended off its high at 13688 and closed at 13639. The level to watch on Monday would be whether the DJI breaks its previous resistance (denoted by the line drawn) tested on 1st, 4th, and 5th of June, and again tested on Friday. From CNBC... The Week Ahead: The Bull Is Back
Posted By:Patti Domm
Topics:Employment | Treasuries | Consumers | Retail Sales | Currencies | Federal Reserve | Interest Rates | Market Outlook | Economy (U.S.)
Sectors:Retail
The coming week is light on economic data, but will be big in determining whether Wall Street's bulls are back in charge. Wall Street's wild ride last week was punctuated by high anxiety over rising interest rates, but the stock market swooned just one day before pulling off its best three-day point gain in 2-1/2 years. This week, investors are hoping for a resurgence of merger activity, but there will be wariness over the rate picture, housing data and an inching up in crude oil prices. "The bulls have been right. Now they have to figure out how to keep it going. The whole name of the game is to keep interest rates moving sideways and get growth gently accelerating, off the first quarter bottom," said CNBC's Bob Pisani from his booth at the New York Stock Exchange. The Dow gained 1.6% for the week, or 215 points, and is just 36 points away from its record close. Year to date, the Dow is up 9.4%. The S&P 500 gained 1.7%, and the Nasdaq rose 2% for the week, setting a new 6-1/4 year high. The S&P is up 8.1% for the year and is six points below its all-time record close. The Nasdaq is up 8.8% for the year. The 10-year Treasury closed out the week with a yield of 5.166% after a week in which it crossed 5.3%, its highest level in five years. Told You So Larry Kudlow could say that if he wanted to. His prediction last week was that the rate move in world bond markets was not all about inflation, and this last week's data proves him right. He said stocks would head toward a record if CPI was tame. Now he's saying, "We're on cruise control for (Dow) 14,000. Buy America, and for that matter, buy the world. That's how bullish I am." "It really is Goldilocks. Tame inflation, modest growth," he said. Merger Mystery There's no question there's been a drought on the merger front as the Street recalibrates deal-making to account for a higher rate environment. A $6 billion private equity deal Friday for Penn National Gaming brought some relief. A big question is whether merger Monday will return this week. "There's a little bit of a chill," says CNBC's merger expert David Faber. One major investment banker "told me this could be the seventh or eighth inning" for the current deal wave. "It's starting to slow down. Meanwhile at the same time, everybody's working on deals still." Another scare for the deal world was a proposal from two senators Thursday to tax private equity partnerships at corporate rates when they go public. The bill was floated just weeks before Blackstone's public offering is due to price. Pisani says traders, who worried merger activity would slow as rates rose, are now more optimistic that merger activity can continue and only marginal deals will be derailed. "The thing that's throwing a monkey wrench into it is the Senate bill," he said. Housing Blues Housing data dominates next week. The National Association of Home Builders survey is released Monday afternoon, and housing starts data for May and building permits are reported Tuesday. On Thursday, initial jobless claims, leading indicators for May and the Philadelphia Fed's survey are due. "We're going to get home builder sentiment, which always moves the home builders stocks," said CNBC real estate correspondent Diana Olick. "Housing starts are kind of weird because sometimes they go up because they tend to be seasonal. They fell almost 9% last month. Down would be good for the housing market because builders are trying to clear inventory." Fed speakers include San Francisco Fed President Janet Yellen, who speaks on the Asian financial crisis revisited Wednesday in San Francisco. New York Fed President Timothy Either gives the keynote speech at the Asian Financial sectors conference in San Francisco Wednesday. On Friday, Federal Reserve Governor Frederic Mishkin speaks to the Econometric Society at Duke University. Oil Drill After a hiatus, stock traders are keeping a closer watch on an upward move in the oil market. Energy stocks rose 4.6% for the week, following a 5% move higher in crude oil. It closed out the week at $68 a barrel, up $3.24. Gasoline rose 6.4% on the week to $2.46 per gallon. Gasoline is up 41% on the year, while crude is up 11%. "I think there's a pretty good shot that we're going to see $70 oil next week," said John Kilduff, senior vice president at Man Financial. There's just no shortage of geopolitical worries with Iran and the situation in Lebanon." He said the oil market is also focused on rising rates and the global economy just as stock traders have been. "The stock market is able to shrug off these high interest rates," said Kilduff, who is a contributor to CNBC. "It's a sign the global economy is strong, and we're not going to get the demand break we had expected, and that will feed into higher prices." Kilduff said for now his prediction that Memorial Day weekend could have been the peak for gasoline is holding, but it could change if the refining situation doesn't improve. "The refiners continue to struggle mightily in their effort to return to full operation. The import resource in terms of refined products is strained to the limit, so we're in just as bad shape as we were coming into the driving season. It doesn't look like there's any recovery as far as next week is going to show, so it looks like another up week for gasoline and crude oil, and in fact the whole complex. I thought for sure by now we'd be seeing refining capacity up above 90%," he said, noting it is at 89.1% currently. Earnings Central Wednesday is the big day for earnings reports: FedEx, Morgan Stanley and Circuit City turn in quarterly numbers that day. |
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iPunter
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14-Jun-2007 08:47
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This kind of uplifting action by the Dow portents unmistakable underlying bull strength!
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kovan8
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14-Jun-2007 06:02
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DOW surged +187.34 (+1.41%) overnight. A "good" outside day! "U.S. stocks surged, pushing the Dow Jones Industrial Average to its biggest gain in almost 11 months, after the bond market rallied and a government report on retail sales exceeded economists' estimates. The Dow average closed at 13,482.35. The S&P 500 added 22.67, or 1.5 percent, to 1515.67, its biggest rally since March. The Nasdaq Composite Index advanced 32.54, or 1.3 percent, to 2582.31" |
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adrianpang05
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14-Jun-2007 05:16
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Dow closed at 13482 as off last night. Difference of 58 pts. |
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rayphua
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14-Jun-2007 02:24
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Dow is looking sharp. Currently at 13409. Level to watch is 13424, if it closes above this level, this is technically defined as an outside day, which, in technical terms is considered bullish. Degree of bullishness is sometimes measured by the size of the outside day over the previous day. |
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rayphua
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14-Jun-2007 00:48
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DJI Update From a technical viewpoint, I'm quite happy to see that things are looking better, though sentiments is still not completely decisive. Happy not because DJI is trading upwards today, rather because technical readings are looking brighter as well. Funds are starting to get back in. If nothing changes by end of trading day, STI should be able to take positive direction from this. Taken from Reuters: U.S. Stocks Gain After Retail Sales Rise, Bond Yields Decline By Lynn Thomasson June 13 (Bloomberg) -- U.S. stocks gained after retail sales jumped more than forecast and bond prices rose. Target Corp., the second-biggest discount chain, and Home Depot Inc., the largest home-improvement retailer, climbed. Citigroup Inc. and JPMorgan Chase & Co. advanced and financial shares contributed the most to the Standard & Poor's 500 Index's increase. Stocks plummeted yesterday after the 10-year U.S. Treasury yield soared to its highest since 2002 and heightened concern that rising borrowing costs will reduce takeovers and corporate profits. Bond yields fell today even after the retail sales report and a higher-than-expected gain in import prices stoked inflation concerns. ``Positive retail sales numbers improve the prospects that the second quarter is going to be stronger than the first, which is what investors are looking for,'' said Steve Neimeth, who manages about $850 million at AIG SunAmerica Asset Management in Jersey City, New Jersey. ``With bond yields down, that should add more support to the market.'' The S&P 500 added 8.94, or 0.6 percent, to 1501.94 at 12:25 p.m. in New York. The Dow Jones Industrial Average increased 62, or 0.5 percent, to 13,357.01. The Nasdaq Composite Index advanced 12.25, or 0.5 percent, to 2562.02. The 10-year Treasury yield fell 7 basis points, or 0.07 percentage point, to 5.23 percent. Retail Sales Retail sales in the U.S. rose by the most in more than a year in May, the Commerce Department said, easing concern that record gasoline prices and falling home values would slow consumer spending. The 1.4 percent increase was more than twice the median forecast in a Bloomberg survey of economists. Purchases excluding automobiles rose 1.3 percent. Target added 44 cents to $62.90. Home Depot increased 26 cents to $37.62. Financial shares in the S&P 500 added 0.6 percent and contributed 24 percent to the index's gain as lower borrowing costs may increase demand for loans. Citigroup, the world's biggest financial firm, added 50 cents to $53.10. JPMorgan, the third-largest U.S. bank, rose 44 cents to $49.80. Prices of goods imported into the U.S. increased three times faster than forecast in May on higher prices for oil and industrial supplies, renewing concern that inflation may accelerate. The 0.9 percent rise in the import price index followed a 1.4 percent gain in April, the Labor Department reported today. Almost three stocks rose for every one that fell on the New York Stock Exchange. Some 561 million shares changed hands, 5.6 percent less than the same time a week ago. Utilities and Telecom Rebound Utility companies in the S&P 500 gained 1.1 percent as a group and telephone shares increased 0.5 percent, as falling bond yields make their dividends more attractive. Utilities and telecommunications companies both have dividend yields of 3.02 percent, the highest among 10 industries. Duke Energy Corp., the fifth-largest U.S. utility owner, rose 25 cents to $18.50. AT&T Inc., the biggest U.S. phone company, increased 37 cents to $39.45. Energy Shares Gain Energy shares gained 0.9 percent as a group after a government report showed U.S. supplies of gasoline were little changed last week. Exxon Mobil Corp., the world's biggest oil company, added 48 cents to $82.48. Schlumberger Ltd., the world's largest oilfield-services provider, rose $1.62 to $80.36. AvalonBay Communities Inc. jumped $5.92, or 4.9 percent, to $126.81 for the steepest advance in the S&P 500. Investors speculated the third-largest U.S. real estate investment trust for apartments will be bought after Tishman Speyer Properties LP and Lehman Brothers Holdings Inc. purchased rival Archstone- Smith Trust for $13.5 billion last month. Molson Coors Brewing Co. added $4.02 to $93.62, the biggest gain since February. The brewer was upgraded to ``buy'' at UBS AG, which said the shares will benefit from growing U.S. and Canadian sales, cost savings and speculation about a merger or acquisition. Bristol-Myers Squibb Co. climbed 76 cents to $29.45. The maker of the blood-thinner drug Plavix was raised to ``buy'' from ``hold'' by Citigroup. Blockbuster Inc. jumped 34 cents, or 8.6 percent, to $4.30, its steepest advance in more than six months. A Citigroup Investment Research analyst recommended buying the stock, saying the company may win subscribers with lower prices. The largest video-rental chain yesterday introduced an online-movie rental plan that's cheaper than rival Netflix Inc. Netflix lost 98 cents to $19.10. Stocks also got a boost from a report that showed mortgage applications unexpectedly jumped. Mortgage Applications The Mortgage Bankers Association's index of applications to buy a home or refinance a loan rose 6.6 percent last week, the biggest increase since March. Analysts surveyed by Bloomberg had expected a decrease of 1.7 percent. Investors were also awaiting the Federal Reserve regional economic survey, known as the Beige Book for the color of its cover, at 2 p.m. New York time. The S&P 500 plunged 1.1 percent yesterday, while the Dow average lost 1 percent and the Nasdaq Composite retreated 0.9 percent. |
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judith
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13-Jun-2007 23:28
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Hi Ray, what is your TP for Foreland and Hiap Seng?...thanks! |
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rayphua
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13-Jun-2007 22:21
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Opps, forgot to add...Hiap Seng, Summit, ChipEngS, Rowsley, Rotary... |
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rayphua
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13-Jun-2007 22:18
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Portfolio Update - Singapore Did an update some weeks back, fyi current holdings. 1. Tiong Woon 2. ScorpioE 3. King's SW 4. Gems TV 5. Foreland 6. Sapphire 7. Sunvic 8. Bio-Treat Unloaded recently: Federal, PohTC, TyeSoon, ArianeCorp, China Sun |
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rayphua
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13-Jun-2007 22:09
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ScorpioE - Squeeze Breakout Revisited This is a 3 day old signal. Current gain approx 22%. |
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