Happy New Year!

Hi all! Been busy preparing for my dj set launch. Nothing much happening on the markets still.

I am holding my neutral bias for the 3 major indices for the moment. Counter wise, Cosco had a good run up, but has since released a profit warning. Good news is, it hasn’t really died. Yet. Time will tell. Charts are hard to read during the holiday season that brings low volume across the board. Volatility, and erractic behavior is common.

Some of the counters triggering buy signals yesterday were Ezra, Swiber, KS Energy etc, but I am not going long on anyone of them. Not a nice risk reward, and the overall sentiment isn’t biased towards the upside still so, so it isn’t really worth it.

I will be releasing my annual earnings soon. No profit warning, but the result is likely to be below my expectations due to unfavorable conditions in Q4.

Friday’s market performance will be important and I will do calculations after market closes on Friday to determine some possible pivot days and the general trend of the market for the year. At the moment, I personally see the STI in a downward biased still. A break above 1800 will put things back into neutral territory while a break above 1915 will be bullish.

Have a wonderful day ahead! The last day of the year! Wow! It has truly been an unbelievable year.

I will be watching Yes Man later…. in the afternoon hehee…. to fulfill what someone asked me to do once upon a time. He said it is ‘so me’…. YES YES YES!

Pending no major movement, I will return over the weekend. Happy 2009 everyone! May we huat together!