SB & SO are on track to test their year highs again as I write. Big night, gonna be big breakout if they make it! LOL! Meanwhile, enjoy this classic remake
Friday, August 13, 2010
Aha!
FKLI Bears, watch out. LOL!
Perfect set up for Long bias traders like me today, now we wait and see how far will this up swing go - initiated at around pivotal level at 1345. LOL!
Perfect set up for Long bias traders like me today, now we wait and see how far will this up swing go - initiated at around pivotal level at 1345. LOL!
Wednesday, August 11, 2010
Subjective Perspective
"Sell on News" + "Profit Taking" were pressing down FCPO yesterday, SB & SO were also due for a pull back after such an excellent run, just within my expectation. O/Int. dropped noticeably from 21K to 18K level.
But............ judging on this morning's price actions, continuation of uptrend is of good percentage; especially when weak bullish traders had been shaken out, or even better still, fresh shorties are now in the hunt for the bear. Let the market decide the ending of this episode. LOL!
But............ judging on this morning's price actions, continuation of uptrend is of good percentage; especially when weak bullish traders had been shaken out, or even better still, fresh shorties are now in the hunt for the bear. Let the market decide the ending of this episode. LOL!
Tuesday, August 10, 2010
What's next after sizzling hot session?
Although FCPO daily chart looks like on Viagra, LOL!, the over extension is pretty much getting on the nerves of bullish traders. It will not go up forever. You know it, and they know it. Any slight justifiable reason will be the reason for profit taking.
Open interests reduced from 22K to 21K level, smart players have left the room? We don't know, but today it's going to be interesting to see how the market will react to the latest CPO statistics.
P/S: What happen to FKLI? Very few opportunities for me nowadays. I am Long bias but it does not have enough volatility for me to short-term trade. And the risks/rewards of trend trading FKLI don't quite convince me take up any longer-term position yet. So... it's ok to do nothing for now. LOL!
Open interests reduced from 22K to 21K level, smart players have left the room? We don't know, but today it's going to be interesting to see how the market will react to the latest CPO statistics.
P/S: What happen to FKLI? Very few opportunities for me nowadays. I am Long bias but it does not have enough volatility for me to short-term trade. And the risks/rewards of trend trading FKLI don't quite convince me take up any longer-term position yet. So... it's ok to do nothing for now. LOL!
Thursday, August 5, 2010
Beautifully Hot!
As I write, Soybeans & Soybean Oil benchmark futures are near 12-mth high! "If" they can keep up the momentum, their cousin market FCPO will likely to fly past 2650 tomorrow! LOL!
Monday, August 2, 2010
Simply Hot!
Soybeans hit 6-mth high and above 1000 now!
Soybeans Oil hit 3-mth high and above 40 now!
FCPO also hit 3-mth high! C'mon, you can do better, how about above $2650 tomorrow? LOL!
Soybeans Oil hit 3-mth high and above 40 now!
FCPO also hit 3-mth high! C'mon, you can do better, how about above $2650 tomorrow? LOL!
Sunday, August 1, 2010
And some say Gambling is bad? LOL!
...Goldman Sachs estimates Singapore's 2010 GDP will be 16.5%, a substantial upgrade from their previous forecast of 12%.
What's fueling the hyper growth? The country's government loosened a 40-year-ban on gambling, commissioned two casinos complete with hotel, shopping and restaurant complexes — and a Universal Studios. The first casino opened in January of this year, followed by a second in April. Already, the $10.2 billion initiatives are paying off; the casinos attracted more than 3 million visitors by June. Coupled with a buoyant pharmaceuticals industry and an increase in global financial institutions setting up shop in Singapore, official government estimates put 2010 growth at 13% to 15%.
What's fueling the hyper growth? The country's government loosened a 40-year-ban on gambling, commissioned two casinos complete with hotel, shopping and restaurant complexes — and a Universal Studios. The first casino opened in January of this year, followed by a second in April. Already, the $10.2 billion initiatives are paying off; the casinos attracted more than 3 million visitors by June. Coupled with a buoyant pharmaceuticals industry and an increase in global financial institutions setting up shop in Singapore, official government estimates put 2010 growth at 13% to 15%.
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