Dacai

$Suntec Reit(T82U.SG)We have a very nice green candle with a long body today, showing the buyers are in control. KDJ is 68 so not yet overbought. The book value is about $2 so even at this price, it is trading at quite an attractive discount to NAV. More importantly with its prime location, I have confidence the robust MICE pipieline and positive rental reversion will be able to generate more DPU in the months to come so I don’t worry if the price goes down in the short term.

$IFAST(AIY.SG)The price hasn’t filled the gap (grey region) yet and the candlestick today doesn’t look too bad with a fairly long body showing buyers are pushing back against the sellers. There is still some selling pressure as seen in the small wick above the candle. If it can form a higher low, there is a greater chance that it will form a higher high later on.

I think 3.4 is a good support level for YZJ. It is best to have a stop loss and have a small sizimg as the sellers seem ro have more control than the buyers.

$Apple(AAPL.US)The price of Apple stock soared 4.77% on 2 July following its announcement of the launch of at least 5 new iphone models between H2 of 2026 and H1 of 2027 and a higher production target of 10 million units for its first foldable iphone. I like the extremely long body of the candlestick but it is not uncommon to traders to take profit shortly after a surge like this so I will watch and see what happens next Mon.

The market is so volatile right now. Yesterday, my local tech stocks were still doing fine. Today they plunged again. Is it because of the DRAM price fixing class action suit or just a response to the likelihood of interest rate hikes?

I see Berkshire investing in Alphabet on top of its existing holdings as a major vote of confidence. The drop in price is temporary.

I will be watching the IPO of SpaceX with interest at the sidelines as I am vested in a local stock that may possibly benefit from this.

Looks like the bull has resumed for the memory chips. How long it will last, I don’t know. Just follow the smart money and don’t be left holding the bag.

While higher interest rates are usually good for banks, stagflation is a different story. Stagflation is inflation occurring at the same time as rising unemployment and a slowdown in the economy.

The past 2 days saw significant sell off of semiconductor and memory chip stocks like Samsung, Hynix, Micron and Broadcom. The market seems to have done a sudden flip around from euphoric exuberance to risk off mode and investors start rushing to take profits. I was kind of expecting that this would happen with more people getting interested in trading in the Korean market and DRAM but the timing still took me by surprise. The axiom we can never time the market still rings true. It is good to take partial profits since we can’t be sure how far the bull can run.