Keppel Land - SGX

Keppel Land - COT Proxy

In our 2nd blog post No Trade Keppel Land (K17 - SGX) , we recommend to stay on the sidelines for this counter as the price has moved below the SMA200. The COT Proxy also confirmed this. The price of Keppel Land has been going down and the COT proxy shows that the commercials has been selling since 27 April 2011!

F&N - SGX

F&N - COT Proxy

Here we shall see what signal the COT Proxy gives us. Long signal was given at 5.72 and a short/exit signal at 5.85. Not much of a profit there but is is indeed better than a loss!

Short F&N (F99 - SGX)

F&N - SGX

If you look at the first post of this blog Long F&N (F99 - SGX) 6.28, we are using the Simple Moving Average (SMA200) to trade F&N. Here the SMA200 was triggered long at 6.05 (wait for a couple of bars to confirm) however long was initiated at 6.28 as we have missed the early entry. Stop-loss was triggered at below the SMA200. Here we take it as 5.98, a couple of bars below the SMA200.

Our entry is stopped for a loss of 0.30 (Exit at 5.98). Yesterday close was at 5.60.

Stop-loss is a very important component in trading. Always have a stop-loss! Always know when to cut your losses instead of hoping the price to turn around. Protect your capital and live to trade another day.

SPDR S&P China ETF - NYSE

SPDR S&P China - NYSE

Want to know where the market in China is heading? The commercials aka " big boys" have been shorting the ETF since April 2011! Now the question is whether the selling will still go on or the price will rebound back-up... according to COT Proxy looks like the commercials are still shorting it... who will you follow? The commercials - "smart money" or  "dumb money"?

BAIDU - NASDAQ / SGX-ADR

BAIDU.COM - COT Proxy

Baidu.com aka China's "Google" is having a good run-up since March 2009 (You can trade this on NASDAQ or SGX-ADR-K3SD). Looks like the run-up has cooled down somewhat recently. Baidu is a good barometer to gauge the market's appetite for high-growth/high tech stocks in China. Imagine the growth potential in a country of more than a 1 billion using the search engine!

The stock has reached its lowest level since March 2011. The COT Proxy is still in positive territory and this shows that the "big boys" are still net long. Those of you who want to enter long, do that note that this could be a short term correction (good price to enter) or this is a start of a massive correction...

SGX - SGX

SGX - COT Proxy

COT Proxy has given a short signal. Aggressive traders may be tempted to enter long as price has support at 7.3 and price might launch from here. Be careful and those with lesser risk appetite, try to stay away from this counter and wait for the COT signal to turn north.

SBS Transit - SGX

SBS Transit COT Proxy

Hit a high of 2.15 in January this year and moving back to 1.9. Good level to enter long now and the "big players" had been long for quite some time now. Quite defensive and moving up slowly and steadily.