Today price actions for many singapore listed stocks are turning bullish again with many hot stocks running hot after lunch. Fiber related stocks have been strong since the morning, i suspect partly due to the pullback of oil prices over the past few days and the positive sentiment spilled over to other china stocks or S chips after lunch.After updating my metastock, i can see that many stocks MACD indicators have cut up into positive zone….this is a very good short term positive indicator. At the same time, i also saw many stocks breaking out of near term resistance based on the DIFF indicator resistance. DIFF indicator is basically the high low formed during the most recent peak for MACD histogram.

These two positive signals are good enough to make short term traders excited again. I would like to see my “twin” RSI indicator signals turning positive as well for more stocks. But even without that, I am prepared to go long again.

There are so many stocks with short term signals turning positive today and i do not know where to begin haha its like catching butterflies……better stick to hot stocks ie those that have high beta but remember to set your cut loss points.

I have said before and will continue to say this : medium term to longer term singals have not turned positive but once in awhile we will continue to see positive short term signals which present “short term” trading opportunities. Just remember to cut loss when your cut loss points are triggered and re-enter again when the positive signals re-appear like today. Few days ago we saw a trading window which only lasted half a day, let’s hope this time can last longer than that

Happy trading.

Rooney

p/s : hooray man utd beat liverpool tiga kosong but the game was spoilt by the sending off……3 more precious points as they march towards another EPL trophy