It’s been some time since i last updated this stock market blog. the main reason for my absence was that i saw no compelling reason to trade specific stocks in singapore stock market since i sensed the market sell down which started some months ago.

Anyway, the good news is that i am beginning to see some bottoming signals for a good rebound ahead :

1. Many individual stocks are showing positive MACD divergence - one of my favourite signals for potential stock market bottoming signal

2. Bollinger bands for many stocks are contracting - indicating a potential breakout

3. Many penny stocks are moving again - indicating return of retail players and “market makers”

4. Parabolic SAR and MACD for many stocks have crossed into positive zone

The one main trending indicator that is still negative is moving average lines which are still heading downwards - this means that medium term signals could be still down

But i am more willing to trade now since many other indicators have turned positive

Afterall, moving averages are usually lagging and i do not used it as a tool to time entry

Since moving averages are still negative, i would expect some volatility ahead so will have to trade with high alert and trade smaller volume…..and of course stick to cut loss rules looks like the rat may give u some cheeze after all…..maybe a small piece one to start the year off

The Year Of The Rat

1912, 1924, 1936, 1948, 1960, 1972, 1984, 1996, 2008, 2030

People born in the Year of the Rat are noted for their charm and attraction for the opposite sex. They work hard to achieve their goals, acquire possessions, and are likely to be perfectionists. They are basically thrifty with money. Rat people are easily angered and love to gossip. Their ambitions are big, and they are usually very successful. They are most compatible with people born in the years of the Dragon, Monkey, and Ox. -Travel@China.com

The Rat year is also a year of plenty, bringing opportunity and good prospects. It will be marked by speculation and fluctuations in the prices of commodities and the stock market; the world economy in general will boom. Business will be on the upswing, fortunes can be made and it will be an easy time to accumulate wealth. However, this is also the time to make long-term investment plans as the bonanza the year of the Rat brings will serve to see us through the bleak years that may follow. All ventures begun at this time will be successful if one prepares well. But do not take chances or unnecessary risks: the year of the Rat is still ruled by the cold of winter and the darkness of night. Those who speculate indiscriminately and overextend themselves will come to a sad reckoning.

On the whole, this will be a happier year than most: free from explosive events and wars and with far less catastrophes than, say, the years of the Tiger or the Dragon.

Nonetheless, it will be spicy. It promises a lot of bickering, bargaining and petty arguments that will do little harm. A congenial time that will find most of us socializing and enjoying ourselves. -TheHolidaySpot.com

The crew of MojoStock.com would like to take this opportunity to wish all of you a very Happy and Prosperous Chinese New Year!!!