STI soaked in red and AK71's thoughts.

I slept a full 8 hours last night! I also took a 2 hours nap in the afternoon today! Now, I am feeling drowsy from a very good dinner, a good facial treatment and a good massage. Yawn...

OK, a quick one:

1. CapitaMalls Asia: $1.83 support is gone. I remember saying that if this support goes, the next major support is probably at $1.70. $1.83 could be support turned resistance. Would I sell my loss making investment in the company? Nope. Why? Because I think the selling could be overdone. Look at the weekly chart and you would see a positive divergence between price and the MFI and RSI.

2. AIMS AMP Capital Industrial REIT: My buy order at 20.5c was filled this morning. I am now in the queue at 20c to buy more if the weakness continues. At 20c, the yield would be 10% per annum.

3. Cache Logistics Trust: Putting in a buy order at 92.5c. Nice chance of getting it filled. This is the lowest geared industrial property trust in Singapore right now, if I remember correctly.

4. First REIT: In an earlier blog post, I said there is probably a better time to increase exposure to this REIT and that price could retreat to 72c. It has done just that today. I am tempted to add to my long position at this price for a 9% yield per annum. However, I would not throw in the kitchen sink. Watch 72c which is supported by the 100dMA. If it goes, the 200dMA is at 69c and that is some way to fall.

5. Saizen REIT: 15.5c is where we find the rising 100wMA.  This is a very long term MA and likely to be a very strong support. For anyone waiting to enter or increase exposure to this REIT, this would be a fairly safe entry price.

6. Golden Agriculture: Breaking support provided by the 200dMA at 63.5c is very bearish. It needs confirmation to see if the 200dMA is now support turned resistance. The momentum oscillators are negative and we could see the 100wMA tested as support if this keeps up. Currently, it is at 54c.

I am having a hard time keeping my eyes from closing. So, that's all for tonight. Good night and good luck. :)

AK71 is on vacation!

In my last blog post, I mentioned that I had to catch a very early flight this morning and had to sleep early. Well, sleeping early is something very difficult for me and I didn't sleep very well last night.  If you are wondering what am I doing catching an early flight today, I am on vacation! Yes, finally!

I just woke up from a short nap and got connected to the internet a while ago. I have checked the stock market and saw, wow, a sea of red! It seems that the unrest in the Middle East and North Africa is shaking the global stock markets. I see prices of gold and silver climbing higher even as equities retreated.

This could be one of those opportunities to load up on counters with sound fundamentals. It could be a chance to make some value buys. This is the investor in me talking. However, the trader in me says that things could go lower and that we should wait to see supports holding up before increasing our long exposure. This is only sensible, is it not?

Which are the counters I am eyeing? Quite a few and here are three I am thinking of loading:

1. CapitaMalls Asia: Reversal signal failed to be confirmed, similar to most other counters' reversal signals. Keep an eye on the $1.83 support. See my earlier blog posts for more information.

2. AIMS AMP Capital Industrial REIT: 20.5c is holding up nicely as of now. I would probably put in a buy order tomorrow at 20.5c. Would definitely buy more at 20c, if ever tested. See my earlier blog posts for more information.

3. Cache Logistics Trust: I have been waiting for another chance to start a long position in this REIT. Touching 93.5c today, I might just be given a chance to buy a bid or two lower. See my earlier blog posts for more information.

Although I have internet connection in the hotel, I just realised that they use a different type of electrical plug from Singapore. I will have to see if I can get an adapter from a hardware store or supermarket. If I cannot find an adapter, you might not see me blogging for a while as my notebook's battery is running low on power.

Also, as I am on vacation, I might be somewhat lazy. It is only natural, isn't it? ;)

So, don't be surprised to see one liners or nothing at all. Hahaha... A vacation is a most uplifting must do for working adults. Despite a sea of red in the stock market, I am actually feeling quite happy. It could also be that most of my investment portfolio is for income. So, I am not so affected by the market weakness since capital appreciation is a secondary objective for me.

Till the next blog post, good luck to one and all. :)