Commentary

Morning!!!

DJI

weak closing by uncle Dow but still within yesterday's range, i will advice to take extra precaution on the down side as the stats for going down further has increased. heading towards 12000. FOMC on 18 march, so some time to go.

Asian indices remains weak so be ready for further downside, we might be heading towards base support. on the bigger picture, the bears might regain control control again.

conclusion, remain cautiously bearish...

SG - take note of reits and properties sector which are showing strength, but in this cautionary environment, make it short and tight.

let our journey begin for a good friday, Heiwa...

Pearl commentary Quote:

"For trading my current personal preferences watch all the commodities stocks. IN order of preference 1st Res , Golden Agri, Wilmar , IndoAgri, Noble, Olam.

I think after yesterday gotta watch those selected contructions counters too Wee Hur , KOh Bros, Lian Beng.

But the recent run up of good S Shares is another group to watch Ferrochina , China Energy , Synear , Sinotech, Celestial , Pineagri uhmm too many ...

I would say China Energy's chart at this moment is a nicer looking chart - but both look like they are trying to form a continuation pattern for the ST uptrend - remains to be seen of course .

One can try a trade upon break of the current downtrendline made by the retracement. China Energy targets are 1.06-1.08 should it be able to resume the uptrend.

Sinotech could see 0.7 level if it successfully resumes the current ST uptrend. "