Carpark Not Enough!

Although there are cries of discontent in some quarters and this is amply evident in the last General Election as well as the Presidential Election, it seems that more HDB dwellers are doing better in recent years.

How do we know this? Wait for Jack Neo to make a movie "HDB Parking Lots Not Enough!", maybe.

I read an article in The Straits Times on my iPad today that the "pace of growth of car ownership has overtaken that of HDB's carpark-building programme.

"The number of HDB carpark spaces has risen from 539,800 in 2005 to 557,000 as at June this year - a 3.2 per cent rise.

"But the number of HDB households - the bulk of Singapore households - with a car has grown by 26.3 per cent to 310,400 over the same period. And the number with more than one car has shot up by 76.5 per cent to 45,900."

It seems that we could use the scarcity of HDB carpark spaces as an indicator of economic prosperity in Singapore. Given the cost of car ownership in Singapore, the growth of car ownership amongst HDB households probably shows that many are better off in recent times.

For me, I am glad that I do not have a problem finding a parking lot in the HDB estate where I stay now. Well, not yet, perhaps.

My weaknesses.

When it comes to junk food, I have two big weaknesses: ice cream and chocolates.

The atas and delectable stuff from Haagen Dazs:

This costs several times more than a strawberry sundae from McDonald's but it was so good!

Burp.

Cache Logistics Trust: Partial divestment at 98c.

On 29 August, I blogged about partially divesting my investment in Cache Logistics Trust as the gap was filled at 96c. Today, my overnight sell order at 98c was filled.

After the gap at 97.5c was filled on 1 September, the REIT's unit price seems to be having difficulty clearing 98c, which is a natural candlestick resistance as well.

As the REIT's unit price does not seem to exhibit any form of trend, I look at the Stochastics to catch a glimpse of what is likely to happen next. Stochastics is in the overbought region and this suggests that chances of a pull back is higher than not.

Breaking out of 98c convincingly could see $1 tested next while further downside could see a retest of 91.5c for support. A simple risk and reward consideration suggests that another partial divestment at the current price level is a good idea.

Related post:
Cache Logistics Trust: Gap closed at 96c.

CapitaMalls Asia: At resistance.

While chatting in LP's infamous cbox today, a cboxer, OT, said that he is queueing to sell some shares of CapitaMalls Asia at $1.395 because I said that is where gap filling could happen. That was based on TA which I did more than a week ago.

TA is dynamic. What is valid now might not be valid a week later. So, is this case any different?

Share price touched a high of $1.36 which is where we find resistance provided by a flat 50dMA. It closed at $1.345 which is where we find the declining trendline resistance.

The MACD is rising nicely but it is still in negative territory. Volume although slightly higher is not impressive. This rebound could sputter and fail quite easily.

If both the 50dMA and the trendline resistance could be taken out in the next session, we could indeed see the gap filled at $1.395. If the share price could close above the 50dMA in the next session, we could even see $1.44 tested next. Will it happen?

TA simply hints of what could happen and we must have plans for all possible eventualities.

Related post:
CapitaMalls Asia: Rebounding.