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STI 3,000 boosted by pivot investors mkt players
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WanSiTong
Supreme |
27-Jan-2014 11:41
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Property Devt & Invt (N) - Moderation in progress In 2013, we saw falling volumes as government policies effectively reined in the previously buoyant property market. URA?s 4Q13 statistics revealed a further fall in volume and the first price dip. We expect this trend to persist in 2014 and remain Neutral on the sector. Among Singapore-domiciled developers, UOL and FCL are our top picks, having timed the market well. CapLand and GLP remain our top picks among Pan-Asia focused developers. https://brokingrfs.cimb.com/w1tnBUmh5ZuY-TuSgonnVlMGwO5moHyFuJ8pAghWK1exSdqhjFJfqxYndco0gt2AxS-nhCq_dMQ1.pdf |
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WanSiTong
Supreme |
27-Jan-2014 11:39
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https://brokingrfs.cimb.com/W15lZTuAD-VezFd16FzgfP4dgCJ2dYVVuUhP8zg9a_TdjXIWnxvJD_zAeDGWQHZXfSJFuWOPl141.pdf
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WanSiTong
Supreme |
27-Jan-2014 11:37
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Economic Update - Better-than-expected 4Q13 The heroic jumps in tech (+22.2% yoy) and transport-engineering (+13.8%) output offset the 14.9% drop in biomed to lift manufacturing growth to a better-than-expected 6.2% yoy in Dec 2013. Thanks to the late rebound in these two sectors and the upward revisions to prior figures, manufacturing expanded by 7% yoy in 4Q13 (compared with government?s advance estimate of 3.5%) and 1.7% in 2013 (compared with the 0.8% estimate). It is likely that there will be an upward revision in the advance 4Q13 and 2013 GDP estimates next month. |
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gavinl
Supreme |
27-Jan-2014 11:17
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Not so bloody red now,hopfully in the afternoon,shorties when cover their shorts on blue chips will push up the index abit.
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banana
Member |
27-Jan-2014 10:08
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Time to load up
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WanSiTong
Supreme |
27-Jan-2014 10:06
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My Market View The views expressed here by the contributor does not belong to ShareJunction. Downtrend momentum to set in Straits Times Index ... Contributed by Jay Chia 27-Jan  Downtrend momentum to set in Straits Times Index this week. It has been a decisive week for Straits Times Index as bloodshed was seen across the board as growing concerns on China economy situation elevated. During the early week, STI continued to be plagued by indecisiveness as many are waiting for things to happen. A tight trading range between 3130 ? 3140 levels was seen for the first 3 days of the week before a clear decisive market action was seen. On Thursday, weak economic numbers were seen in China which sparks fears that it will impact the market. Hence, STI broke the key support at 3120 level easily on that day. It next immediate support level at 3100 level also failed to support the market on Friday. This downward slide led STI to close the week at 3075.99 level concluding the week with 71.34pts down. Will STI slide further this week? How low can it go? Let?s identify where STI will go this week. Trend: Possibly Downtrend, 20ma slightly turning down, MacD slightly below 0. Support: 3065, 3030, 3000 Resistance: 3100, 3120 (20 & 50ma), 3150 (100ma) Observations: Candlestick ?Black candle with upper and lower shadow. Histogram ? Many Rs. No signal triggered. No divergence. RSI ? At 35.9%. Close to oversold level. Stochastic ? At 17.6%. Entering oversold. Bollinger Band ? Out of lower band. Band expanding. Conclusion: STI had at last broken out of the sideways range last week and it will now be much easier to identify the direction that STI will be taking. With its inability to break 3150 resistance level, it indicates that STI is starting to stage a downtrend movement. Downtrend confirmation comes when STI breaks 3120 support level on last Thursday. Further confirmation came when STI continues to break another support level on Friday. Hence, STI is more likely to be seen forming downtrend movements in the upcoming days. Lower high had been formed and STI will more likely to be forming lower low currently. Mid-term indicators have a drastic change after the bearish movement on the last 2 days of the week. MacD is now back below 0 level with a bearish crossover being formed. 20ma line started to turn down indicating downtrend momentum. Short-term indicators are currently showing bearish momentum which will likely to continue for the first few days of the week. However, if STI continues to be bearish for the next few days, it will start to show oversold indications. Hence, chance of lower low formation will get higher by then. With anticipation with further selling pressure to happen during the early week, STI will likely to seek various support levels to test it. The immediate support level that STI will likely to test is 3065 level. Currently, STI is trading close to 3065 level and it will sure be tested on Monday. As 3065 is not a strong support level, it will probably be broken easily on Monday. The stronger support level will be the weekly support level at 3030 level. This support level will more likely be the target that STI will test. It can also be a good level for it to form a lower low formation. But if this support also fails to hold, it will indicate a much deeper slide going forward. With possibilities of support at 3030, a rebound could happen. This rebound will likely to be just a relief rebound to help STI to ease of its oversold condition by then. Upside will likely to be capped at 3100 or even 3120 level. Going beyond these resistance levels are very unlikely to happen currently. As the slide had happen deeply, rebound situations will be a good opportunity for Shortist to enter short positions which by then will form lower high formations. In conclusion, downtrend formation is being confirmed after STI broke its key support at 3120 level. This will mean that STI will likely to experience further downside risk for the upcoming weeks. Hence, it will be seeking various support levels to test this week. The immediate support level is seen at 3065 level but it will be unlikely to hold its support as the bearish momentum is strong. The support level that will more likely to hold STI will be at 3030 level. If this support level fails to hold, it will imply much further downside for STI and could probably test its support at 3000 level. Therefore, the odds are now currently on the bearish side. What to watch out for this week: 1) Testing of 3065 support level 2) Testing of 3030 support level 3) Testing of 3100 resistance level 4) Breaking of 3030 support level Trading strategy to adapt right now: - Long traders should exit the market currently or wait for a rebound opportunity to exit - Shortists can watch for breakdown situations to enter the market or wait for rebound to short |
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WanSiTong
Supreme |
27-Jan-2014 10:04
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Asian Stocks Sharply Lower On Risk Aversion This article is republished with permission from OANDA. 27-Jan Asian stocks declined, with the regional benchmark index heading for its steepest three-day loss in five months, as concern that the global economic recovery is faltering spurred investors to sell riskier assets. The MSCI Asia Pacific Index dropped 1.4 percent to 135.77 as of 9:25 a.m. in Tokyo, extending four straight weekly declines and poised for its lowest close since Sept. 9. Japan's Topix index sank 2.6 percent, with markets in Hong Kong and China yet to open. Global stocks tumbled the most since June on Jan. 24 as a sell-off in emerging-market currencies prompted investors to seek havens in Treasuries and the Japanese yen. The Asia-Pacific equity gauge is set for its biggest monthly decline since June after a private gauge of China's manufacturing dropped to a six-month low in January, adding to signs growth in the world's second-largest economy is slowing. Shares on the measure traded at 13 times estimated earnings on Jan. 24, compared with 15.2 for the Standard & Poor's 500 Index and 13.7 for the Stoxx Europe 600 Index, according to data compiled by Bloomberg. Bloomberg |
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Octavia
Supreme |
27-Jan-2014 10:03
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Is The China Bank Run Beginning? Farmers Co-Op Unable To Pay Depositors
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Octavia
Supreme |
27-Jan-2014 09:41
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Bank-Run Fears Continue HSBC Restricts Large Cash Withdrawals 
Following research last week suggesting that HSBC has a major capital shortfall, the fact that several farmer's co-ops were unable to pay back depositors in China, and, of course, the liquidity crisis in China itself, news from The BBC that HSBC is imposing restrictions on large cash withdrawals raising a number of red flags. The BBC reports that some HSBC customers have been prevented from withdrawing large amounts of cash because they could not provide evidence of why they wanted it. HSBC admitted it has not informed customers of the change in policy, which was implemented in November for their own good: " We ask our customers about the purpose of large cash withdrawals when they are unusual... the reason being we have an obligation to protect our customers, and to minimise the opportunity for financial crime." As one customer responded: " you shouldn't have to explain to your bank why you want that money. It's not theirs, it's yours." |
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guoyanyunyan
Supreme |
27-Jan-2014 09:34
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...oops..Top 20 %Gainers got vacancy..only 17 filled... :-( | ||||
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WanSiTong
Supreme |
27-Jan-2014 09:24
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Will stocks break out of their rut? Last week was one of the roughest in more than a year for investors, but will stocks bounce back this week? Investors will be closely watching a barrage of big events that will determine whether the rally can get back on track or send the market even lower. Corporate earnings, economic data, the Federal Reserve and President Obama are all on tap to make news. Investors will also be keeping close tabs on volatile emerging markets. Concerns about China, Argentina and Turkey contributed to the sell-off last week. Fed time: The Fed will reveal its latest policy decision Wednesday. At its previous meeting, the Fed announced plans to begin scaling back its massive stimulus program by $10 billion per month to $75 billion in monthly bond purchases, citing signs of economic growth. At the time, the market cheered this so-called tapering. Related: Here comes the end of QE But even though the economy only added 74,000 jobs in December, many market observers expect the Fed will continue to cut back on its quantitative easing. Brad McMillan of Commonwealth Financial Network said that economic data besides the jobs report has been positive. He believes the Fed will reduce its purchases by another $10 billion a month. McMillan added that the Fed would only create more market uncertainty if it didn't stick to winding down its program as expected. Some might interpret the lack of further tapering as a sign the Fed thinks the economy has taken a turn for the worse. " The Fed has to give the impression that they know what they're doing and they're in control," he said. " To back off after just one month would signal a lack of conviction in their previous decision." The meeting is also the last one for Fed chairman Ben Bernanke. Current Fed vice chair Janet Yellen will take over the top job in February. Bring on the data: A slew of economic reports will also help investors gauge the state of the economy. The most important will be gross domestic product for the fourth quarter. That period included the government shutdown and holiday shopping season. GDP grew at an impressive 4.1% annual pace in the third quarter, so investors will be watching to see if that trend continued for the remainder of the year. There are signs that bond investors may be nervous about the economy. The yield on the 10-year Treasury has fallen to 2.73% -- its lowest level since late November. Bonds have outperformed stocks so far this year. And that usually happens when investors are worried and seeking to put money in less risky assets. Related: Jack Lew: U.S. could grow by 3% this year Investors will also get new home sales figures on Monday and the Case-Schiller home price index on Tuesday. And after a season of so-so holiday sales, the consumer will be in focus, with reports on consumer confidence and personal income out Tuesday and Friday, respectively. State of the Union? More like state of the economy: President Obama will give his State of the Union address Tuesday night. While it's unlikely to move the markets, investors will be listening for any major policy announcements on Obamacare, energy and the many economic problems facing the middle class. |
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Octavia
Supreme |
27-Jan-2014 09:21
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Singapore's Dec industrial activity rose much faster than all economists had expected, coming in at +6.2% YoY, vs the consensus for a 1.4% YoY fall, outperforming Taiwan and South Korea. The stronger numbers were driven by better electronics and petrochemical output. Compared with its North Asian rivals, Singapore's export outlook looks good over the medium term. As an economy open to the vagaries of the trade cycle, CS believe that Singapore's industrial activity will continue to improve over the coming quarters. With the US looking more buoyant, coupled with a Europe that is continuing its climb out of the mire, world trade growth should be stronger in 2014 than in 2013, benefiting Singapore's exports and manufacturing sector. CS doubt that the MAS will choose to ease the pace of exchange rate appreciation at its upcoming meeting in Apr. Growth looks to be getting better, while MAS core inflation looks to be picking up sequentially too due to the lagged impact of stronger wage growth. | ||||
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Shirleyfong88888
Veteran |
27-Jan-2014 08:56
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Tks Gavini for ur insight.
Hope STI will not suffer that red. Cheers! |
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gavinl
Supreme |
27-Jan-2014 08:35
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Lol, just anyhow guess only because I m cautiously optimistic.
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demoncaster
Senior |
27-Jan-2014 08:30
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Gavani is right. If you super-reimpose the Dow Jones chart with the STI chart, you will find that STI has all along been far below the Dow. So when Dow corrects, STI has nothing to correct.
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gavinl
Supreme |
27-Jan-2014 08:21
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Don't be surprise that today won't be as bad as we think because Sti did not really move for the past 2 weeks. Trading volume was not big too. Maybe will see lots of panic selling first then rebound a bit to close slight red rather than blue black red. Many ppl will also not trade due to the coming holiday and long holiday in China. Only contra players will rush to rush out. Good luck and good day to all. | ||||
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teeth53
Supreme |
27-Jan-2014 08:17
Yells: "don't learn through life, learn to grow with life " |
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Davos (Switzerland) Top emerging mkt economies officals - the star performers of recent year were at pains to reassure the world Economie forum of their countries' amid turmoil in the currency mkt. | ||||
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Bigmama
Elite |
27-Jan-2014 07:22
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Yes! STI will cross again 3000! Opposite direction ! Lol | ||||
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teeth53
Supreme |
26-Jan-2014 10:48
Yells: "don't learn through life, learn to grow with life " |
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From Straits Times Price Charts in Different Time Ranges...Just for info sharing. http://www.infomine.com/investment/stock-markets/indexes/sti/5-year/ |
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teeth53
Supreme |
26-Jan-2014 10:42
Yells: "don't learn through life, learn to grow with life " |
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