Singapore Stock Market Updates on 13/10/09

Morning Highlights

Our Focus For Today Is On Small & Mid Caps

STI is resilient to drop. Currently is going through sideway consolidations.

Asian stock markets were mixed today, with some players cautious ahead of key U.S. earnings this week. Mining stocks in Australia were getting a lift after base metals prices rose on Monday.

Hong Kong stocks open up 0.44% on some previously unserved buy orders, but with momentum and volumes low after Wall Street’s weak performance overnight.

On the hindsight, the global forecast for the Asian markets is flat with a touch of upside.

Here’s a list of stocks to wait for setups:

• NOL – Look out for low of 1.61
• OSIM – might have short term long positions
• Hyflux – broke high of 3.09
• Asia Travel – broke high of 0.655

Market broke resistance at 2681.69 at 11:00. It fails to hold on and starts coming down now.

Quick Picks: Here is a quick pick screen that we have designed to pick out potential stocks, both Bullish and Bearish. These are measured with emphasis on larger changes in price and volume. 

Bullish Stocks (Singapore)

Symbol	Name	Entry	SL	TSL	TP	Remarks
1	TRDR	Trump Dragon	0.675	0.615	0.735	Triggered – Current Price at 0.705
2	SIAT	Singapore Airport Terminal Services	2.59	2.44	2.74

Bearish Stocks (Singapore)

Symbol	Name	Entry	SL	TSL	TP	Remarks
1	FRNM	Fraser & Neave	3.81	3.93	3.69	Overnight – Current Price at 3.90
2	STAR	Starhub Ltd	1.93	2.04	1.82
3	CTDM	City Development	9.69	9.99	9.39
4	WTH	Wing Tai Holdings	1.56	1.21		1.91
5	COSC	Cosco Corp Singapore	1.12	1.21	1.03	CANCELLED
6	Mandarin Oriental	1.23	1.31	1.15
7	ECSH	ECS Holdings	0.445	0.50	0.39
8	CRCT	CapitaRetail China Trust	1.14	1.21	1.07
9	STEL	Singapore Telecommunications	3.03	3.14	2.92	CANCELLED
10	BANY	Banyan Tree	0.815	0.86	0.77
11	SINO	Sinomem Technology	0.55	0.62	0.48

Stock Prices last updated at 10.10 (Singapore Time)