Outlook on selective blue chips & mid caps

This is my simplistic 2 cents worth, so please take it with a pinch of salt.

Everything depends on Nikkei tomorrow morning. This is for shorting preparation on weakness if Nikkei is -ve. Note that I did not advocate to open shorts immediately because (1) whipsaws in the morning; (2) market would have already gape down from the get-go; there could be a chance for a technical rebound. So one has to be careful. Short positions should only be engaged upon confirmation of major supports being broken down and that STI has officially broken the 200dMA - a sign that could confirm further downtrend.

1. NOL - Gap between 1.92 between 1.89. Judging the way the market is behaving; it might move down to close this gap.
2. Rotary has broke the long term trend line and has technically has done a double bottom within the 2 weeks period. If $0.95 support breaks, next major support is $0.865
3. SGX - Seems to have found bottom at $7.51; Expect it to retest $7.51.
4. Singtel - Very strong support at $2.9; if this breaks, primed for a shorting.
5. Noble - Due to bonus issue of shares; Noble's price was re-adjusted to reflect the market capitalization. However, the ignorant retailers took it the wrong way and started dumping en masse - 1.76 support is a major support
6. EZRA - Based on weekly chart, 1.8 is a major support, if it breaks, next major support is at 1.67.
7. CapitaLand - If it breaks 3.55, expect it to retest the major 3.5 support
   

Special note on Wilmar - This counter is severely oversold but is not exactly cheap because the current price was 2008's peak. Expect a technical rebound very soon.