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Dow Jones Industrial Average: Hitting higher ground
The path is still clear. During the previous week, the Dow Jones Industrial Average (INDU Index) managed to record a new 52-week high while increasing 1.1%. For the present week, our bullish forecast still stays by virtue of the positive signal emitted from the MACD chart. Additionally, the current Wave 5 is also poised to push the index up to higher ground. Key barriers worth noting. Our previous resistance barrier at 10,729 has been broken above and current resistance now lies at the 11,168 mark as represented by the trend high during late Sep 08. However, any potential pullbacks should be limited to the 10,390 level as outlined by the 50-day moving average.
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S&P 500 Index: Attaining new yearly highs
Moving inline with its counterpart. As with the DOW, the S&P 500 (SPX Index) saw a new yearly
high and closed up 0.9% during the previous week. Similar to its counterpart, the S&P is still looking
bullish as evidenced by the uptrend seen in the 14-day ADX that in turn signals strengthening
momentum. Moreover, the present Wave 5 is also expected to propel the index further.
On track to surpass the 1,200 mark. Our target and resistance remains unchanged from the
previous week at the 1,209 level as identified by the high that was attained during late Sep 08.
Support, meanwhile, is found at the 1,134 mark as derived from the trend low that occurred on early
Mar 10.
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Dow Jones Industrial Average: Hitting higher ground
The path is still clear. During the previous week, the Dow Jones Industrial Average (INDU Index)
managed to record a new 52-week high while increasing 1.1%. For the present week, our bullish
forecast still stays by virtue of the positive signal emitted from the MACD chart. Additionally, the
current Wave 5 is also poised to push the index up to higher ground.
Key barriers worth noting. Our previous resistance barrier at 10,729 has been broken above and
current resistance now lies at the 11,168 mark as represented by the trend high during late Sep 08.
However, any potential pullbacks should be limited to the 10,390 level as outlined by the 50-day
moving average.
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James Lim (62323892, james.lim@dmgaps.com.sg)
S T I
Straits Times Index: Targeting the 3,000 level
Performing as anticipated. Panning out inline with our bullish expectations, the Straits Times Index
(FSSTI Index) managed to record another round of gains with a 1.2% weekly increment. As the STI
continues to ride on its present Wave 5 for the current week, we thus opine that there remains room
for additional upside notwithstanding that the index had already jumped by a hefty 6.0% in the
current month so far. Therefore, we advise traders whom have missed the earlier boat to quickly
board the ship now while the opportunity is still available for further capital gains.
Reaching out for the 3k mark. Immediate resistance is now situated at the 2,947 level as identified
by the end of Wave 3 and the upper bollinger band. Should this barrier be broken above, the STI
would next target its 20-mth high at the 2,997 mark as derived from the trend high seen during late
Jul 08.
D O W
Dow Jones Industrial Average: Hitting higher ground
The path is still clear. During the previous week, the Dow Jones Industrial Average (INDU Index)
managed to record a new 52-week high while increasing 1.1%. For the present week, our bullish
forecast still stays by virtue of the positive signal emitted from the MACD chart. Additionally, the
current Wave 5 is also poised to push the index up to higher ground.
Key barriers worth noting. Our previous resistance barrier at 10,729 has been broken above and
current resistance now lies at the 11,168 mark as represented by the trend high during late Sep 08.
However, any potential pullbacks should be limited to the 10,390 level as outlined by the 50-day
moving average.
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i bought 0216 but did not buy i-BET.
i-BET is worth for top three prices but no point for consolation price.
Do you mean you can buy a number for six weeks under system bet?
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*thE jUicEr*
the samE pErsOn iS Extracting thE jUicEs at HEALTHWAY.
bUying S$0.005 lOwer and sElling S$0.005 HiGHER bOth at thE samE TiME.
this is dOne at whatever PRiCE lEvEl.
thE lOwer thE PRiCE lEvEl, the bEttEr thE rEtUrn On thE jUicing.
lOwer PRiCES mEan jUicing iS mOre jUicy.
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singapore retail space in Orchard areas is under PRESSURE
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when there is HiGH TiDE
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SHiFT kEy iS STiCKY
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BiG market sentiment is dampen
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bUy STi tOday.
when dOw rebOunds tOnight, STi WiLL rebOund tOmOrrOW.
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prOfit taking S$7.90 dOwn S$0.13
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HOW does MAPTech cOmpare tO TECHCOMP ?
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when GOLD loses its G(liter),
GOLD - G = OLD
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This is the NEW NANYANG DREAM for the mainland Chinese.
CASiNO MILLIONAIRE DREAM
cOOl and Easy
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dE-cOupling gOOd fOr singapOre.
tOday DBS On tEchnical rEbOund?
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this is gOOd stOck
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Profit Taking AGAiN dOwn S$0.10
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Over shOOting S$1.04
Eddyson ( Date: 21-Mar-2010 20:57) Posted:
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Brokers' Take
GENTING Singapore (GS) will open the doors of Universal Studios Singapore (USS) to the public at 8.28am on March 18, 2010, with 18 attractions and rides spread over seven zones to entertain visitors. USS intends to roll out six more rides in the future to bring the total to 24 rides and attractions.
We understand that the limited tickets for the opening and the rest of this week have been sold out. This is in line with the management's intention to limit the sales to 3,000 (or 10 per cent of its 30,000 capacity) per day to slowly run in the park. Nevertheless, GS believes that the subsequent ramp up will be quite rapid.
In preparation for the opening, USS allowed team members of RWS, their families and invited guests to try out the attractions and also to further stress test the procedures at the theme park. We went for a sneak preview on March 17 and came away quite impressed by the high level of preparation. Besides the attractions and rides, the merchandising stores and food outlets were also in operation.
From ticketing to attention to safety at some of the rides we tried to merchandising, the service was commendable. Overall, the USS experience was comparable to theme parks in Australia and Japan; the feedback we got from other preview visitors was also pretty positive. Some of the more thrilling rides we tried include the two Battlestar Galactica rides, the Revenge of the Mummy and Jurassic Park Rapids Adventure (be prepared to get soaked).
With the opening of USS, we believe that it will complete another piece of the puzzle for Resorts World Sentosa (RWS) and increase the attractiveness of its integrated resort (IR) concept, which is targeted towards the family-oriented tourist market. On the casino front, we understand that GS is in the process of opening up more gaming tables (maximum capped around 530 tables) and should have more capacity to meet the expected increase in tourist arrivals from March onwards.
Although we are keeping our fair value unchanged at $1.04, which yields just under 10 per cent upside, we believe that the stock price could potentially overshoot our fair value in the near term; hence we maintain our 'buy' rating.
BUY |
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bUy S$14.90 nExt sUpport lEvEl
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