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STI to cross 3000 boosted by long-term investors
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JUNWEI9756
Supreme |
24-Jan-2012 22:45
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I AM BACK ! Finally excellent profits on dow shorts :P |
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tanglinboy
Elite |
24-Jan-2012 18:12
Yells: "hello!" |
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Is TA analysis on low volumes reliable? | ||||
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lowchia
Veteran |
24-Jan-2012 13:46
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In last week, STI gain 57 points from the opening of 2792 and close higher at 2849. A white candle sticks with little lower shadow affirms that investors are bullish on the market and willing to buy higher. Key Economics Data report: In the coming week, US 4Q GDP will be reported on Friday and is expected to come in approximately 3 percent, which would be the fastest pace since the second quarter of 2010. In addition, Europe will continue to be under focus of investors as they wait for a deal between Greece’s government and private sector creditors. European finance ministers meet Monday and Tuesday. Technical Analysis on STI STI index re-test the critical resistance at 2856 and closed right at high which demonstrate the bullishness of the investors. 1) In weekly chart, a white candle sticks with little lower shadow affirms that investors are bullish on the global economics ahead. 2) The weekly trading volume rise sharply as investors buy on the positive data reported recently. 3) MACD and RSI indicators are bullish as RSI trend upwards. 4) STI is currently supported by the minor support at 2783 5) The major resistance at 2856 is likely to stall STI. Important resistance of STI: 2856 (Daily charts) Immediate Support of STI: 2783 (Daily charts) MY tactics: STI has been very ................... READ MORE |
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tanglinboy
Elite |
24-Jan-2012 08:32
Yells: "hello!" |
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Dow was aimless... Anyway, enjoy the remaining new year! |
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hongche
Senior |
23-Jan-2012 14:36
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victortan
Master |
23-Jan-2012 09:39
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dont hestitate, and think it will be a 2 to 3 days selldown, if this come to pass, it will be a long down trend. you got lot to lose, if this default come about, sell fast. like last August., but i still think they got till 3 to 4 q to waterloo.
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victortan
Master |
23-Jan-2012 09:33
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I think over the next few week is danger time, lookout for Greece. Only a default can sink this rally. on very bad news, immediately cut and go short., never wrong. |
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victortan
Master |
23-Jan-2012 09:31
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agre, small player like you and i , how much can we buy. Only BB got deep pocket, only they can move stock.
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singaporegal
Supreme |
23-Jan-2012 08:45
Yells: "Female TA nut" |
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I don't think small players have much effect on the maket except for penny stocks. | ||||
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Sgshares
Elite |
22-Jan-2012 17:31
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I think the big players are no longer buying but only the small players. What's happening next? big players turn to sell / short to correct the market
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Sgshares
Elite |
22-Jan-2012 17:28
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When volume is low and price keeps going up till technically overbought ....what's going to happen next? As we all know volume drives price right?
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victortan
Master |
22-Jan-2012 17:05
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You talk sense. you just post one line only and say it all. both ways we can make money if we apply capital protection.
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victortan
Master |
22-Jan-2012 17:02
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And if mkt turn , you will hit your trailing stop and immediately go short.
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victortan
Master |
22-Jan-2012 16:59
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what ever your view of the mkt? just don't argue. win or lose here arguing got no meaning. It is more meaningful if you win money from stock. We all agree that a rally is going on, right? so who care what euro is not over or over, or who care the vol is low, a rally is a rally. if you do not take advantage of the rally, than u got yourself to blame. JUST APPLY STOP LOSS WILL BE ENOUGH AND FINE. HOW MUCH CAN YOU LOSE IF MKT REVERSE. YOU LOSS THIS MUCH ONLY BECAUSE OF STOP LIMIT. BUT IF WIN, YOU JUST LET THE WINNER RUN AND APPLY TRAILING STOP. YOU WIN BIG. If you are stubborn and arguing, then the rally over , no more cake for you, |
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New123
Elite |
22-Jan-2012 15:40
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go and take a look at the STI charts. You tell me is the vol high for the past few days?
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medivh
Elite |
22-Jan-2012 14:40
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In fact on the contrary, the volume is low which means not many are still into the rally.. In fact I know of many many people who short the market heavily..thinking that it will go down down down , and crisis is not over... Important to note, is don't be too overly confident, and always have bullets left for times like these. LOL (" ,) |
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New123
Elite |
22-Jan-2012 14:20
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The danger is slowly creeping up when everybody is thinking that the mkt is going to move up further. They seems to be on the same mindset that the mkt will be bullish and should be able to move up further. They might be temporary forgotten that how can Europe debt crisis be able to drive the mkt futher just bec Italy bonds rate is fetching at a acceptable rate and Greece will be able to get the next batch of loan successfully . This kind of news will slowly become less digestive and ineffective. How can the debt crisis be lessen or get better when they are borrowing more and more and at the much higher interest rate.. soon it will not be able to contain this anymore and get fallen apart... So be cautious and don't chase the mkt blindly.. |
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Moneysense
Senior |
21-Jan-2012 18:54
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No fear. Up or down, I can still earn $. Cheong and Huat Arh! | ||||
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Sgshares
Elite |
21-Jan-2012 18:33
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(Reuters) - Major powers signaled on Friday their willingness to reopen talks about curbing Iran's suspected pursuit of nuclear weapons but said Tehran must show it is serious about any negotiations. The focus on diplomacy follows weeks of rising tensions between the West, which is seeking to cut Iran's oil sales, and Tehran, which has threatened to close the Strait of Hormuz through which almost one-fifth of oil traded worldwide flows. Alarmed Arab neighbors made a plea to avoid escalating the dispute over Iran's nuclear program, while an ally of Iran's supreme leader called for Israel to be " punished" for allegedly killing an Iranian nuclear scientist. The West suspects Iran is using its civilian nuclear program as a cover to develop atomic weapons and has pursued a two-track approach of sanctions and diplomacy to try to rein it in. Iran says its nuclear program is solely to produce electricity. While major powers stressed their openness to renewed talks, diplomats said they remained divided on their approach, notably on whether to let Iran keep enriching uranium at some level. The group, known as the P5+1 and as the EU3+3, includes Britain, China, France, Germany, Russia and the United States. EU foreign policy chief Catherine Ashton, who represents the group, issued a statement making clear that a diplomatic path remained open to Iran despite tougher sanctions and fresh speculation of a military strike on its nuclear facilities. " The EU3+3 has always been clear about the validity of the dual track approach," Ashton's spokesperson said in a statement that included her October 21 letter to the Iranians laying out the possibility of talks. " We are waiting for the Iranian reaction." The release of the statement and letter appeared to reflect frustration at Iran's statements hinting at a willingness to resume talks but Tehran's failure to formally respond to the letter and commit to discussing the nuclear program in earnest. In Beijing, China leaned on a visiting Iranian delegation, led by Supreme National Security Council Deputy Secretary Ali Baqeri, to return to nuclear talks, saying it was a " top priority," the Xinhua news agency said on Saturday. " China believes the Iran nuclear issue should be resolved peacefully through dialogues and negotiations, and that sanctions and military means will not fundamentally address the problem," Xinhua said, citing Chinese Assistant Foreign Minister Wu Hailong at the Friday meeting. Xinhua said the Iranian side " expressed its willingness to resume talks" and to " strengthen cooperation" with the International Atomic Energy Agency, the U.N.'s energy watchdog. CONCILIATORY TONE FROM CLINTON U.S. Secretary of State Hillary Clinton struck a decidedly conciliatory tone at a news conference with German Foreign Minister Guido Westerwelle in Washington. " We do not seek conflict. We strongly believe the people of Iran deserve a better future," she said. " They can have that future, the country can be reintegrated into the global community ... when their government definitively turns away from pursuing nuclear weapons. " We have to see a seriousness and sincerity of purpose coming from them." Westerwelle said, " One thing is clear: the door for serious dialogue remains open but the option of nuclear weapons in Iran is not acceptable." Diplomats said major powers were divided over what incentives to offer Iran if talks were to resume. A central issue is whether the group might ask Iran to cease enriching uranium to the higher level of 20 percent but allow it, at least for a time, to continue enriching at lower levels - a stance partly at odds with the group's past positions. Uranium enrichment is a process that at low levels can yield fuel for nuclear power plants or, if carried out to much higher levels of purity, can generate fissile material for bombs. To let Iran enrich at lower levels would be something of a concession by the P5+1, although it has previously offered a temporary " freeze-for-freeze" in which Iran would not expand its nuclear program and the powers would not pursue more sanctions. IRANIAN CALLS FOR PUNISHING ISRAEL After Supreme Leader Ayatollah Ali Khamenei paid his respects to the families of two scientists assassinated on what Tehran believes were Israel's orders, one of them just last week, a close ally demanded retribution. " Terrorism has a long history in some countries like the Zionist regime," Ali Larijani, speaker of Iran's parliament and a former nuclear negotiator, said of Israel, which views an atomic bomb in Iran's hands as a threat to its survival. " The Zionist regime should be punished in a way that it can not play such games with our country again." Such threats have been made before in Tehran and it is unclear how or when they might be carried out. Israel, widely assumed to have the only nuclear arsenal in the Middle East, is on guard against attacks on its borders and within, notably by Lebanon's Hezbollah movement, which is supported by Iran. Obama's top military official, chairman of the Joint Chiefs of Staff General Martin Dempsey, briefly visited Israel and was quoted by its Defense Ministry as telling officials there that Washington was keen to coordinate on strategy. " We have many interests in common in the region in this very dynamic time and the more we can continue to engage each other, the better off we'll all be," Dempsey was quoted as saying in a statement issued by the Israeli Defense Ministry. The comments may reflect U.S. concerns about the possibility that Israel, which has previously bombed nuclear facilities in Iraq and in Syria, might launch an attack on Iran. French President Nicolas Sarkozy said on Friday that time was running out to avoid a military intervention and appealed to China and Russia, veto-wielding U.N. powers that have been reluctant to tighten sanctions, to support new sanctions. " Time is running out. France will do everything to avoid a military intervention," Sarkozy told ambassadors gathered in Paris. " A military intervention will not solve the problem, but it will unleash war and chaos in the Middle East." " We need stronger, more decisive sanctions that stop the purchase of Iranian oil and freezes the assets of the central bank, and those who don't want that will be responsible for the risks of a military conflict," Sarkozy warned. " We really need you," he said in an appeal to Moscow and Beijing. (Writing by Alastair Macdonald Additional reporting by Lucy Hornby in Beijing, Editing by Bill Trott and Peter Cooney) |
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Sgshares
Elite |
21-Jan-2012 18:30
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(Reuters) - Stocks rising, bulls rampant are motifs you might pick if designing a coat of arms for Wall Street at the moment. But the motto should read: Caveat emptor. Yes, buyer beware. The S& P 500, a broad measure of the market valuation of the biggest U.S. publicly traded companies, is up 20 percent from its October closing low. It keeps climbing on a mixed bag of fourth-quarter earnings, improving U.S. economic data, and easing credit conditions in Europe. It now stands at its highest level since early last August. We have already seen what is probably the first upgrade of a target level for the index this year courtesy of Credit Suisse. The CBOE Volatility Index, or VIX .VIX, a measure of what investors are paying to protect themselves against the risk of losses, is at its lowest level in seven months. So it raises the question: Is this another Jackson Hole moment for risk assets? At the Wyoming retreat in late August 2010, Federal Reserve Chairman Ben Bernanke sparked what was the second major leg of the stock market's rally from bear market lows the year before. Is this the start of the third? FRIENDLIER FOOTING FOR STOCKS For Andrew Garthwaite, the Credit Suisse analyst behind the firm's more bullish stance, there are big changes afoot that are creating a more benign environment for stocks. First, the European Central Bank's long-term repo operations are succeeding in reducing stresses in the region's banking sector. This week, three-month dollar Libor, the cost at which European banks can borrow dollars, marked its ninth straight day of declines. Analysts say heavy cash infusions from the European Central Bank since late last year and signs of revived willingness to lend by U.S. investors in the new year show the banking system is flush with cash. The U.S. economy is looking stronger than thought, with notable movement in the long-dormant housing market, where sales of previously owned homes just rose to an 11-month high. In China, the engine of global growth whose manufacturing sector has been showing worrying signs of slowing, policymakers have demonstrated willingness to make conditions easier by lowering banks' reserve requirements. " As we approach our year-end target two weeks into January, we have to ask ourselves the following questions: What has changed? Will equities rally further?," Garthwaite said in a research note. His answer to the second question was yes. Credit Suisse raised its year-end S& P 500 target to 1,400 from 1,340. Critically, however, the firm did not overweight equities, saying the risks of a more severe recession in Europe and a slowdown stateside were still there. HEALTHY DOSE OF SKEPTICISM For Nicholas Colas, chief market strategist at the ConvergEx Group in New York, the rally remains largely untested. More scary headlines from Europe or any signs that the global economy is deteriorating could spark a sharp reversal. Heading into the weekend, Greece was closing in on an initial deal with private bondholders that would prevent it from tumbling into a chaotic default. Creditors faced to 70 percent of the loans they have given to Athens. " It's a confidence-based rally with the overhang of several still meaningful events to come," Colas said. " It is all well and good to say that the Greek default is well understood, but we haven't gone through it." Outside the United States, there are mixed signals from the global economy, too. China's factory activity likely fell for a third successive month in January. The HSBC flash manufacturing purchasing managers index (PMI), the earliest indicator of China's industrial activity, stood below 50. The Baltic Exchange's main sea freight index .BADI, which tracks rates to ship dry commodities and can be a useful gauge of economic activity, fell to its lowest level in three years on Friday on a growing surplus of vessels and a slump in cargo demand. That is at odds with the work of RBC technical analyst Robert Sluymer. He sees growing outperformance of industrial metal copper to the safe-haven bet of gold as well as an upturn in a basket of Asian currencies as a bullish sign for the economy. The caution generated by the mismatches in the various data points is perhaps reflected in by U.S. interest rates. The yield on the U.S. 10-year Treasury note has hovered at 2 percent or just below for the last month despite a brief spike in mid-December. That suggests bondholders are not eagerly embracing the improving economy thesis for the moment. " There is still a lot of skepticism about recovery, about moving into risk assets, about a lot of things," Colas said. " If you really wanted to believe this about incrementally economic certainty and expansion ... I would have thought you'd expect to see the 10-year back over 2 percent." EARNINGS, DATA AND THE FED A blitz of earnings and economic indicators next week will provide an important gauge of the economy's health. What's more, the Federal Reserve's policymakers will convene their first meeting of the year with a two-day session that starts on Tuesday. The Federal Open Market Committee, the Fed's rate-setting panel, will release its policy statement on Wednesday. No fireworks are expected, but a decision to release individual policymakers' interest-rate forecasts could alter expectations for rates on the margins. Monday will start one of the two most hectic weeks of the earnings season. Marquee names due to report earnings on Monday include Texas Instruments Inc (TXN.O) and Halliburton Co (HAL.N), followed by Apple Inc (AAPL.O), DuPont (DD.N), Johnson & Johnson (JNJ.N), McDonald's Corp (MCD.N), Verizon Communications (VZ.N) and Yahoo! Inc (YHOO.O) - all on Tuesday. Boeing (BA.N), ConocoPhillips (COP.N) and United Technologies (UTX.N) are set to release results on Wednesday. Thursday's earnings line-up includes 3M Co (MMM.N), AT& T Inc (T.N), Starbucks (SBUX.O) and Time Warner Cable Inc (TWC.N). On Friday, earnings are expected from Chevron Corp (CVX.N), Honeywell International (HON.N) and Procter & Gamble Co. (PG.N) In the coming week, economic indicators to watch will include December pending home sales data, a key measure of the housing market, on Wednesday as well as the latest weekly claims for jobless benefits on Thursday. December durable goods orders and new home sales for December also will be released on Thursday. The week will wrap up with the Commerce Department's first look at fourth-quarter U.S. gross domestic product and the final reading for January on consumer sentiment from Reuters and the University of Michigan. In terms of companies beating expectations, fourth-quarter earnings season has not been as good as previous ones. Of the approximately 70 companies in the S& P 500 that have reported earnings so far, 60 percent have exceeded analysts' estimates, according to Thomson Reuters data. In comparison, in the third quarter at this early point in the reporting cycle, 68 percent had beaten Wall Street's forecasts - well below the 78 percent in that category in the second quarter, Thomson Reuters data showed. There have also been some high-profile misses on both revenue and earnings. General Electric Co's (GE.N) fourth-quarter revenue fell short of Wall Street's expectations, with Europe's weakening economy and weak appliance sales the main culprits. On the other hand, banks' earnings have served as a positive catalyst for the stock market so far. The sector has been one of the market's leaders despite mixed earnings, a sign that investors' worst fears did not materialize. (Reporting By Edward Krudy Editing by Jan Paschal.) |
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