A Certified Financial Technician (CFTe) personal view on Singapore Stock Market - SGX

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If you have follow blog , you will have know my view by now . Sell on strength , reduce or go short .
By giving this view to my clients, I have slow down at least 70% of brokerage.
Many brokers have been saying buy now it is now cheap 2-4 weeks ago are not giving their honest view or not doing their homework but just churning the customers’brokerage and this make me real MAD.

If you have benefitted from this blog,please leave a few words here http://www.collinseow.com/index.php/testimonial/

or if you have a friend to refer who can benefit from my service ,please leave me a note here.
http://www.collinseow.com/index.php/contact/

Best Regards,
Collin Seow

I have organise a BBQ for all friends of blog, chatters and clients. If we have time ,we may talk about next 6-12 months investment strategy.

The place will be at Pasir Ris Park Area 1 , Pit 14
Time : 6:00pm - late
Date : 12th July 2008
Cost : will be sharing cost of food (should be less than$5). Drinks on the house

Please sms 94559898 or email me to confirm. No gatecrasher please

Best Regards,
Collin Seow

Previous post on S&P ,http://www.collinseow.com/index.php/2008/06/18/triple-screening-trading-on-sp/
US dollars has been dropping so you pay less when you cover your short .On top of that , Phillip still pay you interest 1.5% for your short( not confirmed).

Best Regards,
Collin Seow

DJ drop 220pints , S&P 24 points but … …

June 21st, 2008 Collin Seow Posted in Singapore Stocks Market | Edit |

My clients have be forewarned. I did sms again on friday morning selling on strength and looking into Gold.
Chatters in chatroom should also know my bearish view. On Yahoo group , I have also told to short the S&P and sell on strength.
Back to stockmarket… we see support on S&P only at 1270 now 1316 so continue to stay defensive.
STI support 3000 should be broken on Monday. In the event, 2750 is broken , next support is 2668
Important to note that market don’t move in straight line and it is important to look at the trend.

My previous thread on bearish view
STI break 3000 .. be careful
http://www.collinseow.com/index.php/2008/06/19/sti-break-3000/
S&P turn bearish get ready to short
http://www.collinseow.com/index.php/2008/06/18/triple-screening-trading-on-sp/
HSI turn bearish
http://www.collinseow.com/index.php/2008/06/02/hsi-2/
http://www.collinseow.com/index.php/2008/06/16/hsi-weekly-chart/
S&P bearish long term
http://www.collinseow.com/index.php/2008/06/13/sp-2/

In short , except for long term story , you should consider to sell and reduce equities exposure for now.
Traders in general should consider trade on the short side. For those who have not learn to trade short . I strongly encourage you to do so. You can sms me 94559898 if you want to learn how.

Best Regards,
Collin Seow

P.S : Not everything is bearish, there are still pockets of opportunity in bear market you just have to know when to look . I am looking at 2 very important stocks development now which are likely to bear fruits in mid July and mid Oct . I will update you more in future sms.

A client requested to chart Hyflux . Support 2.95 , Trendline support 3.02. If you want to trade this , may wait for reversal to long at support.