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At time of this post, Europe is down and US markets are all down too, by at least 1.5%. So unless it gets better by the time the US markets close, chances are that tomorrow's opening will not be good too. In the event that the broad market turns positive, below are the list counters to watch for swing trades.

Another day of big decline in the STI (-40 points), but this has also brought a few counters back into the zone for possible swing trades after their recent ascent. But then, safer to go Long if the general market improves. Some of the counters to keep a watch on are:

Yangzijiang: Showed some strength today as it opened below the 40MA but climbed back up into the buy zone and forming the bullish piercing candlestick pattern as well.


CoscoCorp: It gapped down and opened at around the Fibo 50% retracement level but then bounced back up a bit. So if it is able to clear today's high, then may consider going long since the 20 and 40MAs are still sloping up.


Fortune Reit: Hammer appearing with its close above the 40MA. There's a possibility this may go sideways as the MAs are topping off.


Sunningdale: Its also now into the buy zone with the doji candlestick appearing - a sign of indecision. CCI is also low at this point. If it clears today's high with the CCI turning back up, then going long is a possibility.

SIA Engg (as mentioned 2 days ago) looks strong as it moved higher today even though the general broad market went down a fair bit. However must keep watch as it may still be dragged down by the market tomorrow given that Europe and US markets had taken a dive at the time of this post.


Likewise the Swing scan list below is just to be placed on watch list given the weak market at this point in time.


Below is the list of some of those counters that are now below their 200-day moving average, ie can be considered to be weaker stocks.

List of counters to keep watch for possible Swing trades.

SIA Engg broke out of the symmetrical triangle pattern last Friday and if it can stay above the down-trend line for another day or two, there may be more upside.


Still keeping an eye on GMG as it is in the Swing trade buy zone and it has also bounced off the 50% Fibo retracement level.

Capitamall (last posted here) was able to stay above previous resistance of 1.89 despite the big drop in STI yesterday, indicating this counter has got strength. And this is evident today has it has moved higher (closed at 1.94). More upside potential in store as the next likely major resistance is at 2.14.


SGX has managed to stay up above the 200MA and the recent short-term up-trend line for another day. If it's able to clear today's high, chances of another upswing is there.


Below is the list of counters to keep a watch over for possible swing trades tomorrow.

Due to the events happening in Europe, quite a fair bit of stocks have pulled back down. Below is list of counters to keep watch on for potential upswing if things get better.


SGX pulled back to and then slightly bounce off its 200MA. If it can be supported by its 200MA, it's likely to swing back up.


Do be cautious as STI closed below the up-trend line today.