While the STI is bearish, are there any buying signals? There are ways to identify the trades, MACD scan is just one of them. See the post for the scan for Singapore Stocks Market closed November 18, 2011.

The Analysis:

The index has closed below the 200 days low. If it does not stop and reverse, the next level to hold the fall will be around the zone 2686 level. So, monitor the market in the next few days for the index action.

Correlation:

It seems there are some correlation of STI (ie ST Index, Straits Times Index) and S&P 500 (ie SP 500) so far. See the chart that follows.

Disclaimer

The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks or indices of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software. Example, it can insert another price or index such as S&P 500.

Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. Please get your advice from the professional financial consultant.

You must know how to confirm a buy or selling signal. The technical analysis (TA) can provide you the probability of what the market may react next. However, as a trader you should also understand that the market moves due to buyers buy and sellers sell. One of the reason traders buy and sell is because of the fear and greed.

This site intent to scan Singapore Stocks Market using MACD to find MACD trade signals from time to time. You can visit the site often to see the new posting.

What are the MACD trade signals?

MACD makes up of 2 lines, the MACD Line and MACD Signal Line. MACD helps to spotting early bullish or bearish trade signal. However, confirm the signal with price. 

MACD common setting is (12,26,9)

The following top 13 Singapore stocks closed 18 November 2011 that have the value greater than $1 and have the volume greater than 100 K showing MACD High Probability trade signals have bullish or bearish signal.

Disclaimer

The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD characteristics. Amibroker can program to scan the stocks for buy and sell signals.

These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.

Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here.

The volatility is here to stay and is probably going to increase. The market is ranging. The market has become choppy. One day the market bearish from Europe economy the next day the market rally because good economy number. For many months the media is focusing on the development in Europe. The latest development was two of the leaders in Europe have resigned. So, will this going to turn the market around. Will see.

If you have followed the market, you would probably aware that STI has been climbing from the low at October 28, 2008 1666 and again climbing from the lowest at March 10, 2009 1485 to the peak at 3313 at November 11, 2010. Last week the STI closed at 2790.

Straits Times Index, or STI highly correlated to US market such as S&P 500. True? Many may agree that US market has great influence to all major markets in the world. Many reference the US market sentiment to trade, Is Singapore stocks market behaved the same? See the comparison of STI and S&P 500 chart for details.

Chart is showing 20 SMA is below 40 SMA, the index is also below 20 SMA. So the index will probably be resisted by 20 SMA first before it can break higher. However, the index is between 20 and 200 SMA. The index may get supported by 200 SMA and will not fall further. This may “ping-pong” for a while till the index can breakout of either 20 or 200 SMA.

So, once again which way the market is heading tomorrow? The true is “Don’t Know!” But the chart tells a story, if you know how to analyse it can provide you with a higher probability where the price action might go.

 STI and SP500

Disclaimer

The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software. Example,  it can insert another price such as S&P 500.

Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here.

What is next? Up? or Down? Singapore Stock Markets Straits Times Index has moved up again this week (week end August 14, 2009) after a week long of downward movement. Are the gains transient? Does the market have enough strength? A trend remains to be seen.

Are you able to tell? Or do you only listen to your friends or experts advice? Or wait and see, then quickly jump in to join the flow. Yes, you can analysis yourself. Other than the fundamental and many uncertainty, from the Technical Analysis (TA) and a professional charting software (eg AmiBroker) you can spot critical resistance and support. The Straits Times index (STI) has hit a important resistance to be broken before it can continue it upward movement. When? You need to wait for the market to show hands. Of course, when it breakds it require strength too to keep the momentum. Otherwise, the breakout is only temporary. See charts for the illustration.

So, do you think it is time for you to consider learning the Technical Analysis? It will help you to understand the market emotions and the traders psychology. You are no longer just depending on markets “news”. You will be able to plan and decide your trading strategy. There are many courses out there in the market teaching Technical Analysis. TerraSeeds conducts a few down to earth TA courses; see TerraSeeds website for more information; http://www.terraseeds.com/.

The following is the illustration of the STI Monthly Chart and analysis.

The following is the illustration of the STI Weekly Chart and analysis.

Disclaimer:

The information are not meant to be used for buy or sell decision. We do not recommend particular stocks, bonds, options, futures and any securities of any kind. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and the important of Technical Analysis. The information convey here is intended to provide you with basic information, methods, and strategies as education purpose. You should seek for a professional course to learn Technical Analysis. There are many other factors to be considered such as wait for market to show hands. Users must understand what Technical Analysis is all about before using it. Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here.

The following are Top 25 stocks in volume, from 2-day scan on Singapore Stocks listed with Singapore Stock Exchange, SGX done using MACD script on AmiBroker Stock Charting Software.

Definition:

MACD is Moving Average Convergence Divergence. MACD was developed by Gerald Appel. It derives from two exponential moving average, EMA. It is a lagging indicator to predict future price movements of stocks, commodities and other financial instruments.

Bullish signal when MACD crosses above signal line, or MACD crosses above zero line.

Bearish signal when MACD crosses below signal line, or MACD crosses below zero line.

Disclaimer

The information are not meant to be used for buy or sell decision. We do not recommend particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using. If necessary you should seek for a professional course to learn MACD. Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here.

Stock markets have rocketed up, and many are rejoicing. Are the gains transient? Can it be sustainable? A trend remains to be seen. Singapore Straits Times Index (STI, or ST Index) has climbed from 1485, from March 10, 2009 to 2659, July 31, 2009. a 1179 points higher a short (near) five months.

Other than the fundamental and many uncertainty, from the Technical Analysis, there is a critical resistance to be broken and stay broken. The index has to close up above the resistance to confirm the break. However, it require strength too to stay above the resistance and keep pushing up. Otherwise, the resistance may turn support (later). See chart for details.

Disclaimer:

The information are not meant to be used for buy or sell decision. We do not recommend particular stocks, bonds, options, futures and any securities of any kind. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and the important of Technical Analysis. The information convey here is intended to provide you with basic information, methods, and strategies as education purpose. You should seek for a professional course to learn Technical Analysis. There are many other factors to be considered such as wait for market to show hands. Users must understand what Technical Analysis is all about before using it. Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here.

These are 2-day scan on Singapore Stocks listed with Singapore Stock Exchange, SGX done with Amibroker using MACD script.

Sort the scan result on volume. These are the MACD results for top five stocks volume traded.

1. E6D – Raffles Education – MACD Cross-up Signal
2. 579 – OCEANUS GROUP LI – MACD Cross-down Signal
3. FO8 – China Eratat SPO – MACD -ve Divergence
4. AM3 – GEMS TV Holdings – MACD Cross-Down Signal
5. C61U – CAPITACOMMERCIAL – MACD Cross-Down Signal

Sort the scan result on stock price. These are the MACD results for stocks price greater than two dollars, S$ 2.

1. D01 – Dairy Farm Int’l – MACD -ve Divergence
2. T39 – Singapore Press – MACD Cross-Up Signal
3. S59- SIA Engineering – MACD -Cross-Down ZeroLine

These are script generated signals. They are not meant to be used for buy or sell decisions. We do not vouch for their accuracy. They are meant as demonstration of Amibroker’s powerful functionality. Not all scan results are shown here. Users must understand what MACD is all about before using.

The illustration is meant to demonstrate the AmiBroker’s functionality.