Aug 12, TA for STI

Trend - Down
Momentum - Oversold
Support - 2770 and 2650
Resistance - 2937 (Gap Down Resistance)
Candlestick - Black Hammer (probably a support forming)

After days of falling like a knife, is the STI looking for a start of the technical rebound? A black bullish hammer has formed - will it be the real start of a technical rebound? Or another odd ones out? As mentioned before, VXI index is very high which indicates high volatility and bug swing from end to end. Trade Safely!

Aug 10-12, TA for Noble Group

Trend - Downtrend,
Momentum - Oversold,
Support - 1.57 (* using Fibonacci Retracement as Guide)
Resistance - 1.90 (* using Fibonacci Retracement as Guide)

As most of the stocks are falling like a knife, it makes no sense to show micro-movement. As they are breaking a few supports in 1 day, it is very unusual. In this aspect, fibonacci retracement will help us to detect a better entry/exit. Clearly, Noble Group has reached it Fibo - 61.8% support level. If there is an technical rebound, this should be a good entry - 1.57. An exit should be around Fibo-Retrace - 78.5% or 1.90. If there is technical rebound, don't be greed - take your profit near it.

VIX of Dow Jones Index

A rarely phenomenon occurs only every 112 years.  
( from seeking alpha - The Dow Jones industrials fell 634.76 points, the first trading day since Standard & Poor's downgraded American debt. . It was the sixth-worst point decline for the Dow in the last 112 years and the worst drop since December 2008. Every stock in the Standard & Poor's 500 index declined Monday.)


Investopedia Says:
The first VIX, introduced by the CBOE in 1993, was a weighted measure of the implied volatility of eight S&P 100 at-the-money put and call options. Ten years later, it expanded to use options based on a broader index, the S&P 500, which allows for a more accurate view of investors' expectations on future market volatility. VIX values greater than 30 are generally associated with a large amount of volatility as a result of investor fear or uncertainty, while values below 20 generally correspond to less stressful, even complacent, times in the markets. 

Read more: http://www.answers.com/topic/vix-cboe-volatility-index#ixzz1UU0R8gSS

Aug 8-12, TA for STI

• Trend - DownTrend (Sudden Trend Swing)
• Momentum - Near to Oversold
• Support - 2939
• Resistance - 3000 (Support Turn Resistance - Bearish Signal)
• Candlestick - Doji (indecisive signal)
• Volume - 2x (Selling Pressure) 

Last Friday, signal is one of the fast and furious fell of the STI index. It's a sudden signal change caught lots of people by surprises. By then, most of the stocks were already at Support Level. So shorting at support level is dangerous, unless it breaks Support and Turn Resistance, then we can resume the Short position. In my forum, I have highlighted some industries that we can target the SHORT, if indices continuous it's down trending. In general, short those with poor Q2 results or price breaks support. 

Is it a good time to buy low?

- My opinion,

• Look at the PE < 8, NAV < 1 with Yielding (>3%) stocks only. (buy gradually only at every support. )
• Look at Current Ratio > at least more than 1, Debt / Equity - <30-40%. 
• Those without any value or so called "intrinsic Value", you should reduce your position gradually, if it keeps breaking supports. 
• Do look at my Forum - FA stocks screeners for some company that you can monitor. 

At this volatile period?

- My opinion, it is easier to trade than to invest, but the down trending will surface more value investing stocks in the horizon.