Singapore Stock Market Comments

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