Ever since the CPFB introduced a colorful pie chart of our CPF savings a few years ago, I would look forward to mine every year like a teena...
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What is happening to Healthway Medical's share price, some might ask? Since 5 July, price has only closed above the declining 20dMA twice. In the last five sessions, share price closed at 18.5c, the immediate support. The question on shareholders' minds is whether this support level will hold. Will it? I don't know. What an answer, right? Well, TA cannot tell us things like that. It's always a question of probability. So, might it? Let us examine some technical indicators.
The declining 20dMA suggests a short term downtrend. Price closing at 18.5c for five sessions in a row is bearish but note the volume. It has been thinning as price declined. A low volume pull back? Good for the bulls. The MFI has been forming higher lows and the OBV has declined ever so slightly. Both indicators suggest that there is some underlying support. Again, good for the bulls. So, 18.5c immediate support might hold.
What if 18.5c breaks? Well, the longer term MAs are still rising. The 50dMA should provide some support at 18c in case 18.5c cracks. Unless there is a significant expansion in volume with any selling down, the 100dMA which is currently at 17c is unlikely to be tested as a support in the immediate future.
Genting SP: Volume expanded today as price closed at $1.24. The MACD seems poised to do a bullish crossover with the signal line. Momentum is looking good and one wonders if $1.20 is now resistance turned support. Needs confirmation. However, if one looks at going above $1.20 as a breakout, this is a very "quiet" breakout with rather modest volume. Is it durable?
CapitaMalls Asia: Downtrend intact with today's black candle. OBV has formed a lower high, suggesting ongoing distribution activity. The descending 20dMA is preventing further gains. We could be seeing the beginnings of a descending triangle pattern if the downward pressure continues. Immediate resistance at $2.06 and immediate support at $2.02.
FSL Trust: Results were announced today with 2Q FY10 DPU at US0.95¢. Volume rose today and there was much selling down of its units. In spite of this, price remained unchanged at 42c. This is a sign of strength as it means staying above the 50dMA. MFI continues to rise, suggesting increased demand. OBV is rising, suggesting continuing accumulation. There is some underlying support for this counter. 20dMA continues to rise and we might be in for a golden cross with the 50dMA soon.
SPH: The MFI has broken its uptrend support, suggesting a weakening demand. This coupled with the MACD set to do a bearish crossover with the signal line, a retracement to the 20dMA cannot be ruled out. This is currently at $3.95 which is also an important candlestick resistance turned support. Volume has been reducing as price pulled back. This is good news for bulls. Support at $4.00 seems shaky and if this goes, I would keep an eye on $3.95 to see if it holds up as the next support.
Marc Faber thinks that the Fed would embark on more quantitative easing (aka print more money) in September or October:
Jim Rogers says to buy silver as it is 70% below its all time high:
Jim Rogers also mentioned that sugar is a good investment because a lot of it is being used in the production of alternative fuel. Now, with the US limiting offshore drilling for crude oil, shortages might develop and that could mean higher crude oil prices in future. I would keep an eye on CPO price which has been recovering strongly lately. That affects CPO counters like Golden Agriculture.
(Less attractive people make US$230,000 lesser over their lifetime. About 10,000 people a month Google "Am I ugly?") UPDATED (2 Jan 17): AK is very consistent and he is consistently kaypoh. So, what triggered this update to a blog penned in 2010? I saw this advertisement:
Read my blog and do this? I will slap you! Know someone who wants to do this? Slap!
Hairy and ladies like them what. -------------------------- I am reading Newsweek (26 July issue) and they have an article titled "The Beauty Advantage". The topic on looks is, of course, quite common and it is something I have heard talked about before but it is still an eye opener to be reading it in print, not in Her World or Cleo, but in Newsweek. In case you are wondering, yes, I have flipped through Her World and Cleo before. I am sure I am not the only guy who has done it before... ahem.
BEAUTY CAN AFFECT YOUR JOB, YOUR CAREER, YOUR LIFE. Here are some numbers:
61% of hiring managers surveyed by Newsweek said it's advantageous for a woman to show off her figure in the workplace.
57% of corporate managers said landing a job is harder for an unattractive candidate.
About 60% of overweight women and 40% of overweight men said they've experienced employment discrimination.
59% of hiring managers said they'd advise job candidates to spend as much money on looks as on their resume.
I remember reading somewhere when I was in my late teens that models could make upwards of $10,000 a month! I remember Henry Tee, who was a young model and aspiring TV actor then, being reported as making $5,000 a month! That's a lot of money twenty years ago (and is still a lot of money now). Then, I wondered why I wasn't born with good looks. If I was born with good looks, I could make lots of money just by smiling for cameras. Sigh. So, what's new. Life is unfair, isn't it? If you look at the numbers above, overweight women have it really bad. So, it's not just weightism working here, it's also sexism! An overweight man is perceived to be less unattractive (and probably more productive) compared to an overweight woman? Sheesh. I have the good fortune of knowing some pretty large ladies who are very efficient workers. I have also seen some really pretty ladies who spent a lot of time looking good and, er, just looked good. Anyway, like they say, this is an imperfect world. I should count my blessings. I mean, I could be an overweight woman and be really discriminated against, right? Read Newsweek article online: The beauty advantage.
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