Up Trend Channel - My Stocks Investing

CapitaMall: Still On Up Trend But …..

Post author:Marubozu
Post published:October 25, 2010

CapitaMall is closing in 3 years high although it is still trading in the up trend channel. Rolling PE is 51.76 and distribution yield is 4.42%. Base on these numbers, this Capita Mall Trust is overvalue and near 3 years high. Do your own math to calculate what is the upside potential vs downside risk, and decide whether you want to hold on or take profit. You may want to look at the distribution yield and compare with other similar trust or REITs…. There are other better choices out there…..

Straits Time Index (STI): Trading in an Uptrend Channel

Post author:Marubozu
Post published:October 17, 2010

Straits Time Index (STI) is currently trading in an Uptrend Channel but will probably have trend reversal as it is facing the uptrend resistance at about 3,230. Immediate support is at 3,130 which is the 20D MA support followed by 3,040 which is a 50D MA support (also the uptrend channel support). Breaking below 3,040 indicates the end of uptrend.

Key US Market Indices Review: Reversal At Sight!

Post author:Marubozu
Post published:October 7, 2010

All three key US Market Indices (Dow Jones, S&P500, NASDAQ) are hitting the uptrend channel resistance. Immediate support is the 20D MA. If these three Moving Average supports are broken, these market indices will be sent to the uptrend support. This month is the month of October when most crashes happen in this month historically. Earning season is starting soon when the companys report last quater earning. I expect lots of earning downgrade because I am seeing slowing down in economy for the next two quarters.

Dow Jones Industrial

S&P500 (SPY)

NASDAQ

Sept has been a bullish month, What goes up must come down…. I may be wrong but I will not lose money if I am taking a safety first , wait and see approach without committing any additional money in the market.

Trade with extreme cautious!