Uncle Ti 88

Back in June 2011, we looked at the Singapore Exchange (SGX) chart. See link here . The commercials were short since April 2011 and it was recommended not to go long in that period if your risk tolerance is low. Let us see if that was a good recommendation. Singapore Exchange SGX Share Price - Commitment of Traders COT Proxy The commercials are still maintaining their net short position. The SGX share price is currently at 6.09. The failed ASX-SGX merger is one of the main headlines that SGX created and what a year it was for SGX in 2011.

SGX - COT Proxy Past few examples we see the commercials are accumulating even when the prices are falling. But which stocks are the commercials avoiding even when prices are "dirt cheap"? See the chart... SGX! Price falls and commercials are net short!

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.