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STI to cross 3000 boosted by long-term investors
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medivh
Elite |
12-Nov-2011 15:32
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BINGO!
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risktaker
Supreme |
12-Nov-2011 15:11
Yells: "Sometimes you think you know, but in fact you dont" |
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From our research. 1) Italy is making more than its spending (it has surplus). We expect a smooth transition for government will surely regain investors on the Italy Bounds. 2) Greek debt is sustainable now and the new PM will enforce all its condition set by the OCT 26 meeting. 3) US economy is gaining strength. More jobs are being created and consumer confidence are better than expected in the latest survey. We expect a raise in spending for October and November. 4) ECB has cut interest rate to spur spending in their Europe zone and we expect another CUT coming soon. 5) Festive seasons are almost here. Orders are seem raising as confidence regain in the world largest economy.We like Olam because of its business nature dealing with CNY goodies. We also like GoldenAgri as palm oil order also surge when festive season are close. We also expect the raise in Oil and CPO to peak in 2012 Jan. We Expect Global Market to go for a strong rebound next week and might test 2920 - 2950 Range. Year End Index Range DJI - 13000-13500 STI - 3080 - 3140 HSI - 20000- 21800 (We will cover our shorts immediately on Market open and Turn Long) |
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lowchia
Veteran |
12-Nov-2011 14:04
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In last week, STI lost 57 points from the opening of 2848 and close lower at 2791. A black candle sticks with short upper/lower shadow indicates that investors are hesitant on the direction ahead. Key Economics Data report: In the past week, bad news from Europe triggered fears as yields on Italian 10-year bonds temporarily shot above 7 percent and even France seems to be falling as traders bet against its bonds. However moves to replace the prime ministers of both Greece & Italy and aggressive buying of sovereign debt by the European Central Bank helps in calming the stock markets. The emergence of Italy in trouble caused panic selling because of its size. Italy, the third largest debtor nation, has debt of $2.6 trillion and it is too large to be rescued by the European Financial Stability Facility Technical Analysis on STI STI index has re-test the minor support at 2778 in this week again as the index mainly swing aimlessly. 1) In weekly chart, a black candle sticks with short upper/lower shadow affirms that investors are sidelined to await for more news ahead. 2) The weekly trading volume rose caused by panic selling in the mid week due to Italy debt crisis. 3) MACD and RSI indicators are bearish as RSI trend downwards. 4) STI is currently supported by the minor support at 2778 5) The resistance at 2936 is expected to be very strong and the breakout of this resistance would put to the end of the consolidation. Important resistance of STI: 2820 (Daily charts) Immediate Support of STI: 2778 (Daily charts) MY tactics: In the past week.............. READ MORE |
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Sgshares
Elite |
12-Nov-2011 14:02
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Latest update: 09/11/2011
IAEA: 'serious concerns' over Iran's nuclear programmeIn its most detailed report to date on Tehran's nuclear programme, the UN's International Atomic Energy Agency said Tuesday that it has " serious concerns" that Iran may have worked to develop a nuclear weapon. |
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Sgshares
Elite |
12-Nov-2011 13:49
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Global Economy on Verge of Total Collapse
Events in Europe are proceeding at a break neck pace... Berlusconi is out the door in Italy, while the Banks have ousted Papandreou from Greece and put in their own man, Papademos (Papademos used to be an ECB Banker!). But even with all of this, the banks cannot control the market, and the market is saying that it's " lights out" for Europe. Overnight we saw yields on Italian 10 year debt skyrocket from 6.40% to 7.40%! Anything above 7% is considered unsustainable, and each point up in interest rates from here will cost the Italian government an extra three billion a year in interest payments. Where will they get the money to pay? The economy won’t bail them out... the ECB doesn’t have enough money to bail them out... and the Chinese have already made it quite clear they they will not support Europe without massive changes taking place to European welfare rules. Europe, my friends, is doomed. Not forever, but for an extended period of time European stock and bond markets will crash. If Italian bond yields continue to rise, Italy will be forced to leave the EU so they can print their own money to help make up the shortfall on their debt service payments. The last hope for the European Union is to conjure up enough confidence from the market to halt this relentless assault on Italian debt. I for one do not hold much hope of this occurring. Oh yes, I am sure that they will make a lot of nice sounding noises, and we may even rally a little bit on that news. But the end result will be the same: The death of the EU and the end of the EURO. Sill, the break-up of the EU isn’t the worst thing that we are facing. No, there is a much bigger story that has been lurking behind the scenes, and it's about to grab front page headlines... |
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Sgshares
Elite |
12-Nov-2011 13:47
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The UN’s International Atomic Energy Agency has said that Iran is continuing in
its attempts to develop a nuclear weapon. This is not idle chatter -- the
Iranians appear hell bent on becoming a nuclear power. This is something that the Israelis will never allow to happen. Do not be surprised if we see unilateral action taken by the Israelis to end this nuclear threat. If American-made and Israeli-delivered bombs start dropping on Iran, where do you think crude oil prices are going to go? They are going to go much, much higher. $120 to $150 a barrel could prove to be conservative. Remember, Iran accounts for 10% of the world’s oil, and they have the ability to disrupt oil coming through the Strait of Hormuz. 15.5 million barrels of oil PER DAY ship through the Strait of Hormuz. A disruption of even a few days could push oil prices above $200 a barrel. I hope you understand that this is not scare mongering talk. This is the stark reality of the world we live in today. The Iranians are not rational operators, unlike our cold war foes of old, the Russians. Nor can the Iranians be counted to always act in their own best long term interest. Long story short, down side risk to global equity markets looks huge. If you are looking for a place to hide out, you'll want to look at gold, oil, and the Japanese yen. As a quick side note, I would also expect the US Dollar to rally on a flight to safety, but longer term I feel more comfortable holding yen over dollars. Typically speaking, when the dollar goes up, oil and gold usually go down, but I think under the type of scenario I have outlined above you will see the dollar/oil & gold inverse correlation de-couple. |
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Sgshares
Elite |
12-Nov-2011 13:36
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According to Morgan Stanley, markets will likely shift their focus from sovereign risks in Europe to earnings risks in the next few quarters. Within Southeast Asian markets, it notes that Singapore faces the highest earnings risks given its linkages to the more-vulnerable developed world. “We recommend investors sell the recent bounce,” says Morgan Stanley. “We continue to be ‘overweight’ telecom and bank stocks in Singapore as these are likely to be relatively defensive in these potentially volatile markets.” |
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cdodkny
Member |
12-Nov-2011 13:11
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The smaller firms , cash flow tight companies likely to face acquisitions and potential mergers. in any case, the crude levels up and down with extremely wild volatility could benefit / destroy a company overnight. Who knows what kind of positions they are taking, many view it as a chance to earn big bucks. But crude falling more than 10 bucks in a singular day i also witness people who closed their position instantly within an hour. buy and sell. Oil and Gas sector also face a dilemma, good profit forecast subjected to payment receivable from projects. However, shipping is not doing well, euro crisis is adding woes to it. Many couldn't afford to pay on time, currency depreciation and also higher cost of fuel adding into the operating cost could simply take the big guns down. putting you punt on the bigger majors is a safer bet as smaller ones likely to be affected badly from this crisis. Just my 5 cents worth. | ||||
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xing78
Elite |
12-Nov-2011 11:49
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Crude Oil above $100 is definitely not positive news for many business. There will be a break-off point when markets in general will decline or stagnate with further increase in Crude price above $100. However, 2 sectors will benefit from high Crude price. 1. Oil & Gas sectors. 2. Alternative Energy sectors - Solar & Wind power (that is after the smaller or weaker ones gone bankrupt next year). That's my view, I maybe wrong.
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iPunter
Supreme |
12-Nov-2011 11:43
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Very likely to slump, but before it drops like sheet, it may become very juicy first... 
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tiancai007
Master |
12-Nov-2011 11:08
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Oil is approaching $100. Stocks will follow. We are going bullish come end of the yr.,
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ozone2002
Supreme |
12-Nov-2011 10:24
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x 0
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US mkts green green... my HSI call warrant also likely to be green green also come monday.. ching ching $$$$ :):):)
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tanglinboy
Elite |
12-Nov-2011 08:09
Yells: "hello!" |
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Next week Dow sure to fall again. | ||||
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bishan22
Elite |
12-Nov-2011 06:22
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We shall see some rally on Monday. Good Luck.  NEW YORK: US stocks jumped about two percent on Friday after three struggling eurozone governments moved ahead on crucial austerity programmes, boosting confidence that the region was on the right track. In closing trade, the Dow Jones Industrial Average was up 259.89 points (2.19 percent) at 12,153.68. The broad-based S& P 500 added 24.16 points (1.95 percent) to 1,263.85, while the tech-heavy Nasdaq Composite surged 53.60 points (2.04 percent) to 2,678.75. Volume was low due to a public holiday for Veterans Day, which also saw bond markets closed. |
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Salute
Master |
12-Nov-2011 04:16
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x 0
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why especially sure at this particular up moment to confirm the start of bull run, how do you see the stability of the those past silly fluatuations in the indexes as you have been 50/50 recently. ...is it charting or fundamental?? would you mind sharing?
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xing78
Elite |
12-Nov-2011 02:21
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x 0
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After tonight's action, the head & shoulders formation is still not negated and we have to wait till next Monday for market to confirm the move to be further up or reverse down. Anyway, dollar have a significant drop in tonight's trading and this alone is causing general markets to be inflated. Bond market is closed due to Holidays in US and Canada. Next week is options expiration week, expect some whipsaw (volatile) actions. Just be careful when going Long, further upside gain is very limited after tonight's action. DOW has been retesting the 200MA (daily) resistance since October 27 and it is still struggling to break above. That's my view, I may be wrong. Good Luck :p
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SGG_SGG
Master |
12-Nov-2011 00:58
Yells: "karma karma karma chameleon" |
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x 0
x 0 Alert Admin |
if you sell it then the fall back to 2 digit green will not be disappointing anymore.
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JUNWEI9756
Supreme |
12-Nov-2011 00:44
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x 0
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i was expecting 3 digits green.. it happened :P Tonight i guess it will disappointing closing.. not saying red but… maybe 2 digit green ? LOL.
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SGG_SGG
Master |
12-Nov-2011 00:43
Yells: "karma karma karma chameleon" |
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x 0
x 0 Alert Admin |
ooopss... sorry that was thurs night, you were expecting green. hehehe...
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JUNWEI9756
Supreme |
12-Nov-2011 00:40
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x 0
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Did i say that i wanted it green ? LOL.
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