Entries by Spencer Li

Key insights from 3 major indices – STI, Nikkei, Dow Jones

The Dow Jones has found support at the bottom of the channel, and this could mark the end of its decline and the resumption of its slow creeping journey upwards. The Dow heading upwards could improve global sentiment and give a boost to all indices worldwide. After the steep drop from the earthquake disaster, the […]

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F&N – bearish reversal pattern signals more downside | Technical Analysis | Singapore Stocks

Today, I came across this call by CIMB: Fraser & Neave Target Cut To S$6.84 From S$6.91 Currently, the price is now 5.28, and 6.84 represents quite a significant upside. Most likely, this value was derived from a valuation model, and not from the charts, because it doesn’t look too rosy on the charts, with […]

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Anchoring Bias – I Refuse to Change My Mind!

Anchoring and adjustment is a psychological heuristic that influences the way people intuit probabilities. Traders exhibiting this bias are often influenced by their initial opinions, the initial trend, or arbitrary price levels such as their entry or target prices – and tend to cling to these numbers when making their buy/sell decisions.     This […]

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Major Commodity Indices reaching a roadblock – how will these affect the commodity stocks? | Technical Analysis | Commodity Indices

Both the CRB and the DJC commodity indices are near the crucial 50% retracement level, which will act as strong resistance. Prices will definitely not sail right past this level, hence there will have to be some sort of reaction, for example like a pullback or consolidation, or even a correction. This could act as […]

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The Time Element – Choosing the Correct Timeframe

Every trader knows that using multiple timeframes can provide different perspectives on the market, and provide key information on the lead-lag relationship. Small timeframes lead larger ones, and larger ones drive the smaller ones. Understanding the inter-play is crucial. Since trends exist on different timeframes, it makes sense to analyse at least two timeframes. For […]

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