Straits Times Index   

STI to cross 3000 boosted by long-term investors

buy good name blue chip stocks like the banks, kep corp, cpo plays, those with funds support......the rest don't have funds support are at the mercy of broking house. many retails stay away or rather buy good name blue chips...those with funds support even being shorted, will be covered back, controlled well...pennies- maybe wait for broking houses to uplift the restriction..by then they will have eaten a lot of cheap pennies scripts from big players or retails..it is so quiet now with school holidays.....many players burnt by pennies too.......time will heal the wounds, investors have short term memories.......

 

To pay for their losses they first they liquid their stocks if any.....thats why u see stocks coming down despite Other markets went up.... and many stocks even crashed down.... then they will start to liquid assets such as property.....
These BBs contribute significant amount.of transaction to sgx.... without them market wont perform .... no one will participate with the market with such vol... especially with all brokerage houses still trying to recover the losses....and still curbing on the trade.on penny..... we can all say goodbye to the market.....

yummygd      ( Date: 19-Nov-2013 08:17) Posted: Like that next to fall will be property market lor BB got to sell house n assets to pay up or get back into e game. risktaker      ( Date: 19-Nov-2013 07:48) Posted: Told you guys.... lots of Big Boy seriously injured ..... some even bankrupt.... stock market future is looking very bad for Singapore.....i repeat once more thanx to those people who created the penny crashed....never think before they do something .... only care for themselves .....

 

Like that next to fall will be property market lor BB got to sell house n assets to pay up or get back into e game.

risktaker      ( Date: 19-Nov-2013 07:48) Posted: Told you guys.... lots of Big Boy seriously injured ..... some even bankrupt.... stock market future is looking very bad for Singapore.....i repeat once more thanx to those people who created the penny crashed....never think before they do something .... only care for themselves .....

 

Icahn warns stock market could face 'big drop'

By Svea Herbst-Bayliss and Jennifer Ablan | Reuters  ?  37 minutes ago

 

Most U.S. Stocks Decline After Dow Briefly Reaches 16,000

Most U.S. stocks fell after the Dow Jones Industrial Average rose above 16,000 for the first time, spurring concern that equities have risen too far, too fast.

Consumer companies and commodity stocks led the retreat. Microsoft Corp. (MSFT) slid 1.7 percent after Bank of America Corp. cut its rating to underperform from neutral. Tyson Foods Inc., the largest U.S. meat processor, advanced 2.3 percent after reporting revenue above analysts? estimates on a gain in prices and sales volumes for beef and chicken

The Standard & Poor?s 500 Index (SPX) slipped 0.4 percent to 1,791.53 at 4 p.m. in New York. Earlier, it topped 1,800. About three stocks fell for each that rose in the gauge. The Dow average gained 14.32 points, or 0.1 percent, to 15,976.02. About 6 billion shares changed hands on U.S. exchanges, in line with the three-month average.

?We?ve moved pretty far pretty fast,? Kevin Caron, a Florham Park, New Jersey-based market strategist at Stifel Nicolaus & Co., which oversees about $150 billion. ?Obviously there?s a potential for a little bit of a pullback.?

While four years of earnings growth and the Federal Reserve?s near-zero interest rate have led the S& P 500 on a 165 percent rally since March 2009, they have also driven valuations to a three-year high. Billionaire investor Carl Icahn, speaking at the Reuters Global Investment Outlook Summit, said he is ?very cautious? on equities.

The S& P 500 trades at 17 times reported operating profit, a 20 percent increase from the beginning of 2013, according to data compiled by Bloomberg. Last week, the benchmark?s valuation reached the highest level since May 2010.

Continued Stimulus

?As we keep going and making new highs, we get into new territory and the air keeps getting thinner and thinner up here,? Tim Hartzell, who helps manage about $425 million as chief investment officer at Sequent Asset Management, said via phone from Houston. ?Everybody is watching Yellen and feel comfortable that she?ll continue QE, maybe even put more into the system.?

U.S. stocks have risen for the past six weeks, reaching all-time highs as Janet Yellen signaled she will continue stimulus efforts as the central bank?s chairman. New York Federal Reserve Bank President William C. Dudley today said he?s ?getting more hopeful? the U.S. economy is gaining strength as the drag from fiscal policy wanes. The central bank?s monetary policy is likely to be accommodative for a long time, he said.

China Reform

The policy-setting Federal Open Market Committee is buying $85 billion of bonds every month and won?t taper its purchases until its March 18-19 meeting, according to the median estimate of 32 economists surveyed by Bloomberg News Nov. 8.

China?s leaders vowed to allow more private investment in state-controlled industries and expand farmers? land rights as part of the ruling Communist Party?s biggest package of economic reforms since the 1990s. Chinese stocks rose, with the benchmark index for mainland companies in Hong Kong surging the most since December 2011.

?To the extent that these reforms might lead to some higher estimates of growth in the coming years, that would be welcomed by investors,? John Carey, a portfolio manager at Pioneer Investment Management, which oversees $20 billion.

The Chicago Board Options Exchange Volatility Index (VIX), the gauge of S& P 500 options known as the VIX, rose 7.5 percent to 13.10. It has fallen 27 percent this year.

 

Investors this week will scrutinize minutes of the Federal Open Market Committee from its Oct. 29-20 meeting and public remarks by Fed officials. The minutes are set to be released on Nov. 20. Fed Chairman Ben Bernanke is due to speak tomorrow, while Fed Bank of St. Louis President James Bullard will deliver a speech on Nov. 20.

?This week is crucial, there is a lot of Fed speak,? Quincy Krosby, a market strategist for Newark, New Jersey-based Prudential Financial Inc., which oversees more than $1 trillion, said by telephone. ?Investors want to get a little bit more color and atmospherics from the minutes.?

 

 

Told you guys.... lots of Big Boy seriously injured ..... some even bankrupt.... stock market future is looking very bad for Singapore.....i repeat once more thanx to those people who created the penny crashed....never think before they do something .... only care for themselves .....

 

Dow can't hold on to 16,000



Click the chart for more stock market data.

The Dow Jones industrial average topped 16,000 for the first time ever Monday, while the S& P 500 briefly surpassed 1,800. But neither indexes closed above those milestones.

The Dow rose to an all-time high of 16,040.20 but pulled back as the day wore on. The S& P 500 rose to a record of 1,802.37 but finished the day lower.

The Nasdaq fell 1% Monday, but it too is on the verge of a milestone. The tech-heavy index is nearing 4,000, a level it hasn't hit since September 2000 -- just months after the tech market collapsed.

Stocks lost momentum in afternoon trading after Carl Icahn said he is " very cautious" on the stock market going forward. Speaking at the Reuters Global Investment Outlook summit, the billionaire activist investor said he could see a " big drop" in stocks. Icahn blamed earnings for his downbeat outlook, nothing that companies are boosting profits thanks to low borrowing costs instead of strong management.

Still, the Dow and S& P 500 are up more than 20% so far in 2013.

Experts say that this year's roaring bull market is due largely to stimulative monetary policies from the Federal Reserve as well as decent corporate earnings.

Investors will be keeping a close eye on the Fed in particular during the coming months. Current Fed chairman Ben Bernanke, the architect of the central bank's bond purchase program, will leave that role when his term expires at the end of January. Bernanke is likely to be replaced by Fed vice chair Janet Yellen, who just needs to be confirmed by the Senate.

The market has been encouraged by comments from Yellen during her Senate confirmation hearing last week about how the Fed's policies, particularly the $85-billion-per-month bond-buying program, can continue to help the market and economy.

But ultimately, Yellen is expected to scale back, or taper, the bond buying program at some point next year, raising questions about how much longer the nearly 5-year old bull market can last. In fact, there are some traders who think it's possible the Fed could announce it will begin tapering following its next policy meeting in December.

StockTwits user Learnstocks101 quipped, " $SPY What happens if Ben yells 'taper' in a crowded bull market?"

When Bernanke first hinted at tapering in May, the S& P 500 tumbled 6% over the subsequent four weeks. But stocks have since rallied back.

" $SPY, The only fear in this market is the fear to actually sell a stock and miss out on the greed," noted Hoyasparanoia. " Dangerous!"

Related: What will keep the rally going?

Are stocks overvalued? The big gains in stocks have also raised concerns about whether stocks may be in a bubble.

According to FactSet, the S& P 500 is trading at 15 times earnings expectations for the next 12 months. That puts the valuation of the stock market slightly above its 5-year and 10-year average.

A slightly different measurement also shows that stocks aren't overvalued. The S& P 500 is trading at 17 times earnings from last year, just slightly above the historical average of 16, according to Bank of America Merrill Lynch. In the bubble days of 2000, the index was trading at nearly 30 times trailing earnings.

Related: Fear & Greed Index: Flirting with Extreme Greed!

Whether or not stocks are in a bubble, experts aren't expecting the robust gains from this year to keep coming.

Historically, when the market has advanced more than 25% in a year, that gain has been followed by a rise of no more than 10% the year after, said William Riegel, head of equity investments at TIAA-CREF.

 

 

 

When Dow corrects, STI will drop below 3200 again. Thats for sure. STI is damn sick. 

nqing87      ( Date: 18-Nov-2013 23:49) Posted: what's STI doing when so many indexes at their highest or near high..

 

what's STI doing when so many indexes at their highest or near high..

 

My Market View  The views expressed here by the contributor does not belong to ShareJunction. Straits Times Index in symmetrical triangle f... Contributed by Jay Chia 18-Nov Straits Times Index in symmetrical triangle formation. It was a week of ups and downs for Straits Times Index as a mixed stream of good and bad news happened during the week. The week started with a slight rebound which helped STI to recover above 3180 level again. But this rebound was short-lived as the market reacts to the worries of possible changes in the economic situation in China. This lead to further falls on Wednesday as China and Hong Kong market went into deep red. However, over the night, reports were flying off-shelves that Dr Yellen, the possible upcoming Fed chief, will prefer to keep the current economic package intact. This lifted the worries of future tapering of the economic policy and sent regional markets rebounding. STI was able to be able above 3180 level after hitting a low of 3163 level on Wednesday. On the last day of the week, the rebound continues and STI faced resistance at 3200 level. Eventually, STI closed the week at 3201 level with 24.02pts up for the week. Will STI be able to break 3200 resistance level and head higher this week? Or will the bullish momentum starts to ease off again? Let?s look at the chart to find out the answer. Trend: Uptrend, 20ma flat, MacD slightly above 0. Support: 3180(50 & 100ma), 3150, 3130   Resistance: 3200(20ma), 3230 (200ma), 3260, 3280 Observations: Candlestick ?White candle. Histogram ? 2 Gs. No divergence signal. RSI ? At 47.8%. No divergence signal. Stochastic ? At 62.2%. No bearish crossover. Bollinger Band ? Testing mid band. Band contracting and pinching. Conclusion: Last week?s price movement for STI had shed new light to the way of looking at STI?s direction. The retracement action and rebound action by STI had formed higher low formation which can direct STI to start an uptrend momentum. However, as there was lower highs for the past months, STI could also be risking forming downtrend. Under closer observation, one can identify that STI is probably forming a symmetrical triangle formation. This formation indicates that the market is mixed and directionless. Breaking out of either direction can lead to a strong and sustainable trend. Therefore, it is important to take both directions? considerations right now.   The mid-term indicators were showing mixed direction which further confirms the symmetrical triangle?s formation. 20ma line was trading flat while MacD line was close to 0. The swing of the RSI between the lower and upper band is also another characteristic of a triangle formation. It is hard to conclude which mid-term momentum that STI will take based on these readings. Short-term indicators might be able to give cleared signs. Due to the last few days? rebound, it is clear to see that the Stochastic and Histogram are showing bullishness and will likely to continue. There is still no signs of overbought yesterday and this might lead to further upside movement during the start of the week.   With expected bullish start for this week, let?s identify the resistance levels that STI will face. Currently, STI is facing 3200 level which confluences with the 20ma line. This resistance level had prevented STI from going higher last Friday and it might remain intact till this week. In order for STI to maintain its integrity of triangle formation, a break of this resistance level is required for this week. If this happens, STI will be hovering towards the upper line of the triangle. The estimated level for the upper line will be 3220 level. Breaking the upper line will lead to the breakout of the triangle and it can imply a formation of uptrend. Breaking next resistance at 3230 level will further confirm STI?s uptrend and this will likely to lead to a more sustainable uptrend formation.   However, if STI fails to break the upper triangle line, it can lead to formation for a downward trend movement. If STI breaks 3180 level this time round again, it will mean that STI will be forming a downtrend instead. This downtrend can lead to further selling pressure which can erase off the whole year of gains that STI had achieved. Therefore, it is crucial for STI to hold above 3180 currently in order to maintain the integrity of the uptrend movement.   Henceforth, it will be an important week for STI currently. STI is now nearing the edge of the triangle and will be able to draw decisive conclusion soon. The odds are currently skewed to the bullish side as the short-term indicators are indicating a bullish start for the week. The key will be watching for both 3220 and 3230 levels are they will determine and confirm the uptrend momentum for STI. Failing to break 3220 level will lead to risk of downtrend formation. Breaking 3180 level will confirm the downtrend formation for STI which might lead to further losses. Therefore, bullish traders should start praying and hope that the upside resistance will be broken this week.     What to watch out for this week: 1)          Testing of 3230 resistance level 2)          Breaking of 3230 resistance level 3)          Testing of 3180 support level. 4)          Breaking of 3180 support level. Trading strategy to adapt right now: -                  Long traders hold on to their long positions and add when there is confirmation. -                  Shortists should stay sidelines.

 

 

thank you Senior gufeng88. wish you 发 发 ！

 

Short sell orders executed on 18 November 2013       

http://www.sgx.com/wps/wcm/connect/sgx_en/home/market_info/short_sale/short_sale_daily/DailyShortSell20131118.txt

Buying-in Executed on   18 November 2013   

http://www.sgx.com/wps/portal/sgxweb/home/company_disclosure/cdp_buying_info/!ut/p/c5/04_SB8K8xLLM9MSSzPy8xBz9CP0os3gjR0cTDwNnA0sDC3cLA0_XsDBfFzcPQws_E6B8JJK8f6ihuYFnqFOgiVNYqKG3owkB3X4e-bmp-gW5EeUAfAYSFA!!/dl3/d3/L2dBISEvZ0FBIS9nQSEh/



borrow securities     18 November 2013                         
https://www1.cdp.sgx.com/scdcint/sbl/viewLendingPool.do#

 

Wall Street-Fighter having Green Huat Kueh for breaky and a cuppa of Green Tea to go by!

 

COO Ong,
My pratty pratty girlfriends all from the ShakeLegs Department, no can do..! Must kah gee lai..! Yea baby yea yea yea!!!

GorgeousOng      ( Date: 18-Nov-2013 08:30) Posted: CEO Pan, Cheers to Janet Yellen !!! New era ...women in power!!! Green Huat Kueh is all ready to distribute !!! Pls send all your girl friends to help!!! Yeah yeah all ready to rock!!!! Come Money Come!!!

 

Beh ta han Rrrrrr !!!! Sti no. 1 mkt !!!!

oldbirdy      ( Date: 18-Nov-2013 15:14) Posted: STI No. 1 Rrrrrrrr !!! Hsi and Shanghai up 2.5% or more....... STI up 0.32% neh neh !!! Solid man !!!

 

STI No. 1 Rrrrrrrr !!!

Hsi and Shanghai up 2.5% or more....... STI up 0.32% neh neh !!! Solid man !!!

 

Asian Stocks Extends Two-Week High After China Reforms

Asian stocks rose for a third day, with the benchmark index extending a two-week high, after China vowed to carry out the broadest expansion of economic freedoms since at least the 1990s.

China Mengniu Dairy Co., a maker of milk products, jumped 4.8 percent after policy makers pledged to relax the nation?s one-child policy. China Galaxy Securities Co. jumped 7.2 percent in Hong Kong as prospects for financial reform boosted brokerages. Dwango Co. soared by the daily limit in Tokyo for a second day after saying Nintendo Co. bought a stake in the company that provides content through mobile phones.

The MSCI Asia Pacific Index added 0.8 percent to 142.64 as of 12:33 p.m. in Tokyo after closing at the highest level since Oct. 31 last week. All 10 of the measure?s industry groups gained. China pledged to allow more private investment in state-controlled industries, ease its family-planning policy and expand farmers? land rights, according to a Communist Party policy decision published by Xinhua News Agency on Nov. 15.

?The investors who were on the sidelines don?t have to hesitate anymore,? Zeng Xianzhao, an analyst at Everbright Securities Co. in Chongqing, said by phone today. ?In the next few years, we will see faster implementation of these reforms and the efficiency of the enterprises will improve as well. There were noises about possible disappointment at the plenum this got rid of all such negative rumors.?

Hong Kong?s Hang Seng Index soared 2 percent on volume 193 percent higher than the 30-day intraday average. The HSI Volatility Index, which measures the cost of options on the Hong Kong equity gauge, jumped 7.5 percent today, poised for the biggest advance since Sept. 30. The Hang Seng China Enterprises Index of mainland companies listed in the city surged 3.9 percent, heading for the highest close since May. China?s Shanghai Composite Index added 1.4 percent.

Bull Run

Chinese shares are on the cusp of a historic bull run, according to a research note from Jefferies Group LLC. Comprehensive reform decisions from the plenum impressed ?tremendously,? with a significance rivaling that of Deng Xiaoping declaring the opening of China in 1978, analysts led by Christie Ju wrote.

Japan?s Topix (TPX) index added 0.3 percent as the yen maintained its slide past 100 per dollar. The Nikkei 225 Stock Average rose 0.1 percent after jumping 7.7 percent last week, the steepest rally in almost four years. Japanese stocks are poised to surpass this year?s high set in May as a stronger U.S. economy weakens the yen and Prime Minister Shinzo Abe?s reflation policy leads to wage increases, according to BNP Paribas Investment Partners SA and SMBC Nikko Securities Inc.

Regional Gauges

South Korea?s Kospi index climbed 0.4 percent while data showed the nation?s producer prices fell 1.4 percent last month from a year ealier. Taiwan?s Taiex Index gained 0.2 percent and Singapore?s Straits Times Index advanced 0.2 percent. Australia?s S& P/ASX 200 Index dropped 0.3 percent, while New Zealand?s NZX 50 Index lost 0.3 percent.

Futures on the Standard & Poor?s 500 Index declined 0.1 percent. The measure rose 1.6 percent last week to close at an all-time high after Janet Yellen, nominated to succeed Ben S. Bernanke as the Fed chairman, said the central bank should take care not to withdraw stimulus too early from an economy that is operating well below potential.

?They are not willing to move yet on tapering,? said Evan Lucas, Melbourne-based market strategist at IG Ltd. ?That?s a positive thing for risk and that means equities are going to be in the green.?

The Asia-Pacific gauge traded at 13.8 times estimated earnings as of Nov. 15, compared with 16.2 for the S& P 500 and 15.1 for the Stoxx Europe 600 Index, according to data compiled by Bloomberg.