Singapore Budget 2017

Singapore Budget 2017

 

The Singapore Budget 2017 came out yesterday.

There don’t seem to be any major changes.

The Singapore Government is still focusing on increasing corporate investment and improving labour productivity.

There will be more Government Spending as their revenue increases.

Here’s a Bloomberg article which summarizes the Singapore Budget.

Now let’s take a quick look at our positions.

 

STI

Still testing the 3100

STI testing 3100 again

STI testing 3100 again

 

GLP

Still not the end of the ride?

Not the end of the ride for GLP?

Not the end of the ride for GLP?

 

Sembcorp Ind

Follow system, it reacted off $3.08 and moving higher.

If you did NOT take any profit before this(which is very unlikely), near here can consider take some profit.

Otherwise just sit tight and follow system.

Keep your eye on the STI as well, if we reject from 3100 then maybe you will want to exit this.

Sembcorp Ind follow system

Sembcorp Ind follow system

 

OCBC

Just for the die hard OCBC fans who are still on this trade.

Our entry was just above $9.20, so exiting anywhere will still result in a profit.

Doesn’t look good under $9.35 so do watch out.

Be patient, follow system.

OCBC not so good under $9.35

OCBC not so good under $9.35

 

China Aviation

No signal yet, KIV for now.

We are reacting off previous resistance around $1.455-1.475

Be patient

China Aviation no signal yet

China Aviation no signal yet

 

Japfa

We’re really testing that $0.96 but take note that it’s not good if it goes under 0.93

In the mean time, all we can do is be patient and follow system.

Japfa needs patience

Japfa needs patience

 

MM2

MM2 is still hovering here, holding above the previous swing high so that’s good.

MM2 still hovering above previous highs

MM2 still hovering above previous highs

 

Hong Leong Asia

Follow system on your remaining half position.

Let’s follow the system and see where it takes us.

Let's see where Hong Leong Asia wants to take us

Let’s see where Hong Leong Asia wants to take us

 

Cogent

Still climbing higher.

Be patient and follow system.

We could see previous high at $0.90

Cogent is still climbing, can we see $0.90?

Cogent is still climbing, can we see $0.90?

 

That’s it, not a lot going on.

Good trading folks!