SINGAPORE Stocks Earnings Announcement Dates (05/02/12)! is contributed by : Singapore Stock Information Exchange

In last week, STI merely gain 2 points from the opening of 2916 and close higher at 2918. A white candle sticks with upper/lower shadow affirms that rally was getting weaker as it climb higher.

Key Economics Data report:

In last Friday, US January jobs report was a major surprise which causes investors to speculate economic growth may be better than 2% expected this quarter, and that the Fed will now be less likely to ease again.

The Chicago Board of Options Exchange’s VIX, a volatility measure and also a market fear gauge, fell nearly 5 percent Friday to 17.10, its lowest level since last summer. There’s no fear in this market right now.

Technical Analysis on STI

STI index re-test the critical resistance at 2936 in this week but failed to break out.

1) In weekly chart, a white candle sticks with little upper/lower shadow affirms that investors unwilling to buy any higher.

2) The weekly trading volume jump higher as investors are bullish on the global economics ahead.

3) MACD and RSI indicators are bullish as RSI trend upwards.

4) STI is currently supported by the major support at 2906

5) The major resistance at 2936 is likely to stall STI.

Important resistance of STI: 2936 (Daily charts)

Immediate Support of STI: 2906 (Daily charts)

MY tactics: This week is the 5^th consecutive week of white candle stick and each white candle stick is getting smaller as STI continue to rally. This affirms that less investors are willing to buy higher and the rally is getting weaker. We would suggest to clear off the market if still vested as any potential higher upside is limited.

Market Outlook (04/02/12): STI Flat For Week As Rally Weaken! is contributed by : Singapore Stock Information Exchange

On 03/Feb, Singapore shares ended higher as investors are bullish ahead of the Jan U.S. employment report.

STI ended higher at 2917.95 (0.6%) with HIGH VOL of 3.43 billion shares traded compared with 2.99 billion shares Thursday. In the broader market, gainers outnumbered losers 275 to 142. Today investors continue to buy on the exceptions of good key job data from US later tonight.

Headline in STI

After market close

Keppel Corp. Ltd. (KPELY) has priced a S$400 million 10-year bond at 128 basis points over the Singapore Swap Offer Rate.

Technical Analysis on STI

Immediate Resistance of STI: 2936

Immediate Support of STI: 2906

MY sentiment on STI: See market outlook

KepCorp Prices S$400M 10-Year Bond At Swaps! is contributed by : Singapore Stock Information Exchange

On 01/Feb, Singapore shares ended lower as data on Chinese manufacturing activity led to expectations Beijing may not ease its monetary policy.

STI ended higher at 2904.76 (0.1%) with HIGH VOL of 3.02 billion shares traded compared with 3.16 billion shares Tuesday. In the broader market, gainers outnumbered losers 222 to 217. STI had a choppy trading session today and finally close lower on profit taking.

Headline in STI

After market close

SMRT Corporation Ltd plan to invest $195 million to replace the signaling system on the North-South East-West (NSEW) Lines. The replacement work covers more than 100 km of tracks on the NSEW Lines.

Overseas Union Enterprise Ltd. (LJ3.SG) priced a S$300 million five-year fixed-rate note which have a 4.95% coupon and mature Feb. 1, 2017.

Global Logistic Properties Limited has incorporated two indirect wholly-owned subsidiaries and acquired a third in China. The new companies, GLP Chongqing Banan Logistics Facilities Co Ltd and GLP Wuhan Puxia Logistics facilities Co Ltd are principally involved in the provision of distribution facilities and services. They have a registered capital of US$44 million and US$25 million respectively.

Technical Analysis on STI

Immediate Resistance of STI: 2906

Immediate Support of STI: 2856

MY sentiment on STI: STI re-test the critical resistance at 2906 for the 5^th consecutive trading session as investors are unwilling to buy higher. The resistance at 2906/ 2936 are strong and we maintain on view to sell on rally due to overbought market.

GLP incorporates multi-million dollar subsidiaries in China! is contributed by : Singapore Stock Information Exchange

On Tuesday, Noble re-tests the support at $1.325 and closed at $1.35 with regular volume of 81.72 million shares traded.

A spinning top occurred (a spinning top is a candle with a small real body).  Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close).  During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.

RSI & MACD began to turn bearish as RSI trend downwards.

Important Resistance of Noble: $1.42

Immediate Support of Noble: $1.325

Currently prices are supported by 100 days MA at $1.325

For the past 4 trading sessions, prices have re-test the support at $1.325 but managed to stay above this level.

It is clear that Noble no longer have the strength to climb higher as bears are trying to break this support.

Too late to buy now but we do advise to sell once $1.325 support breached with high volume.

Stock Chart: Noble Grp! is contributed by : Singapore Stock Information Exchange