Keppel Corp has retraced about 40% from the top of $11.68 and looks like rebounding from the 200D SMA and also the 38.2% Fibonacci Retracement Level.
Resistance seen at $10.46 (20D SMA) and $10.84 (50D SMA). Need to wait for 2/5 EMA crossover in the Daily and Weekly Chart to confirm the rebound.
SIA Engineering is currently trading in a Triangle with no clear trend on daily chart. Weekly chart shows SIA Engineering is moving sideway. However, need to take note that SIA Engineering has been rejected twice at 61.8% Fibonacci Retracement Level on the weekly chart. Double Tops pattern can be seen on both daily and weekly chart.
Things to watch out:
I am preparing for a bearish entry.
The ticker symbol for the Chicago Board Options Exchange (CBOE) Volatility Index, which shows the market’s expectation of 30-day volatility. It is constructed using the implied volatilities of a wide range of S&P 500 index options. This volatility is meant to be forward looking and is calculated from both calls and puts. The VIX is a widely used measure of market risk and is often referred to as the “investor fear gauge”.
There are three variations of volatility indexes: the VIX tracks the S&P 500, the VXN tracks the Nasdaq 100 and the VXD tracks the Dow Jones Industrial Average.
Read more: http://www.investopedia.com/terms/v/vix.asp#ixzz1vbILhHw3
The first VIX, introduced by the CBOE in 1993, was a weighted measure of the implied volatility of eight S&P 100 at-the-money put and call options. Ten years later, it expanded to use options based on a broader index, the S&P 500, which allows for a more accurate view of investors’ expectations on future market volatility. VIX values greater than 30 are generally associated with a large amount of volatility as a result of investor fear or uncertainty, while values below 20 generally correspond to less stressful, even complacent, times in the markets.
Read more: http://www.investopedia.com/terms/v/vix.asp#ixzz1vbISfcop