iShares Russell 2000 ETF (IWM): Rebound from Support

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iShares Russell 2000 ETF (IWM) rebounded from an important support at 108 with Piercing Pattern.

IWM Oct5-2014

Original Post by Marubozu My Stocks Investing Journey

Trade Setup

  • Strategy: Short Term Directional Bullish Trade.
  • Target: $113-$114
  • Short Put Spread IWM 108/112 Oct 2014 (2 contracts)
  • Max gain @ expiration $496
  • Max loss @ expiration $309
  • B/E @ expiration $109.52
  • Reward vs Risk (RoC) = 1.61
  • Probability OTM (short leg) = 63.25%
  • Profit target = $373 (at $114 200D SMA resistance)
  • Exit Conditions:
    • When there is a reversal pattern at the resistance ($114)
    • Break $108 support convincingly.
    • Reach 80% of Max Profit (ie. $396)

IWM Short Put Spread Oct5-2014

 

 

Continue ReadingiShares Russell 2000 ETF (IWM): Rebound from Support

SPY: Sell off but still on Up Trend

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SPY (SPDR S&P500 ETF)  has a very volatile week and has a huge sell off across the sectors. However technically SPY is still trading within an uptrend channel. SPY rebounded from the 50D SMA support on last Friday. Keep an eye of this 50D SMA and uptrend support (194-195 region) in the coming weeks. Take note that Window Dressing and Portfolio Pumping/Dumping at Sept Quarter End.

S&P500 Sept22-26 2014SPY Sept 27-2014

As we are moving into Oct, be extremely cautious on the October effect.

See last analysis on SPY.

Continue ReadingSPY: Sell off but still on Up Trend

SGX: On Up Trend But….

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SGX has started an uptrend after breakout from the $7.00 resistance. SGX is technically bullish as the stock price is trading above the 20D/50D/200D Simple Moving Averages, whereby 20D/50D are trending up. However, it is important to take note that $7.28-$7.30 is a strong resistance zoom out the 3 years chart.

50D SMA serves at a neckline support of a Head and Shoulders. Trend may reverse if this 50D SMA support is broken.

Fundamentally SGX is over value base on PE, PEG and PB ratio.

Be cautious if you are going long at this level.

2014Sept27-SGX

Original Post by Marubozu My Stocks Investing Journey

Current P/E Ratio (ttm) 24.2232
Estimated P/E(06/2015) 22.3765
Relative P/E vs. FSSTI 1.7643
Earnings Per Share (SGD) (ttm) 0.2993
Est. EPS (SGD) (06/2015) 0.3240
Est. PEG Ratio 2.0435
Market Cap (M SGD) 7,764.87
Shares Outstanding (M) 1,071.02
30 Day Average Volume 1,196,667
Price/Book (mrq) 8.4123
Price/Sale (ttm) 11.3148
Dividend Indicated Gross Yield 3.86%
Cash Dividend (SGD) 0.1600
Dividend Ex-Date 10/01/2014
5 Year Dividend Growth -6.65%
Next Earnings Announcement 10/21/2014
Continue ReadingSGX: On Up Trend But….