Entries by Spencer Li

Parkway – Bull Flag in uptrend channel | Technical Analysis | Singapore Stocks

Just came back from Prague, and it’s one of my favourite towns. Before I left, I tightened my stops for my shorts on Yanlord, and although it got hit at 1.64, my initial entry of 1.73 still yielded a satisfactory trade. Currently, with the uncertainty on the outcome of the Euro crisis, most markets are […]

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What Moves Prices in the Financial Markets?

Despite what people may otherwise tell you or any preconceived ideas you may have, there are only two things that move stock prices. They are supply and demand – nothing more and nothing less. This is the foundation of basic economics as shown in the graph below. Since quantity remains the same, price is what […]

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EUR/SGD – going down, down, down…

The Euro is going down, and is showing extremely weak technicals, which underlie the festering Greece debt fundamental problems. This is the first test of the 20-EMA after staying away for quite a long time, showing the bearish pressure. It also coincides with a breakout below the support of 1.92 and a pullback. On an […]

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S&P 500 – new highs after breaking out of inverted H&S | Technical Analysis | Stock Indices

After completing an inverted H&S, the S&P 500 has proceeded to make new highs. Judging by the numerous strong white bars, the upward pressure is quite strong. It might be a good idea to go long on a pullback, perhaps on a test of the breakout to new highs. On a side note, I will […]

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Dow Jones – familiar pattern could propel Dow to over 12,000 | Technical Analysis | Stock Indices

A similar-looking pattern suggests a lot of upside, especially if it finds support at the W-pivot and both EMAs. Please ignore the volume, it’s not working right for this index. Based on the length of this pattern, we could be seeing upside moves of beyond 12,000. Be ready to start buying! Spencer LiSpencer is an […]

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