After the correction in December, it seems like gold is heading up again once more. Price now is already above the 200-day moving average. Gold has broken through the resistance trend line as show in the chart (click for bigger view). I am using ichimoku clouds to aid me once more. 4 reasons why gold [...]

After I posted that STI had a bullish breakout,  I waited for the pullback and go long on one of the STI counters at 1.12. I already had in mind a partial profit taking level at 1.16 should it reached there. STI rallied and the counter hit 1.16. So, I sold half of my positions and [...]

UOB Kay Hian (UOBKH) is one of the leading stock broking firm in Singapore. Recently, they have re-brand their online platform as UTRADE. I have opened an account with them some time ago through my friend who is working as a dealer. Before I opened an account with UOB KH, I already have accounts with [...]

I am quite surprised that the STI is so bullish during the past 4 days. The shortists must have been squeezed till they choked by now. The chart above is the STI daily (click for bigger view) and I am using the Ichimoku Clouds indicator to “see” the overall picture. I guess most people are not [...]

Although it seems that the bulls and bears are still fighting to determine the market’s direction, it’s telling me that the bulls may have the upper hand now. Why do I say that? The above chart is the DJI (click for bigger view). Price is now clearly above the 200-day moving average, so it’s towards [...]

S&P 500 is forming a rising wedge as shown in the chart above. (click the picture for a bigger view). A rising wedge is a generally a bearish chart pattern. But at the mean time, I am still bullish about the market. There is still room for the price to go up and reach the [...]

My friend Alvin Chow, founder of personal finance blog BigFatPurse, has launched a new book recently: Secrets of Singapore Trading Gurus Alvin interviewed some of the top Singapore traders (8 to be exact) and shares his findings to you. Many of these traders are quite “famous” and prominent. Besides being just a trader, they also conduct [...]