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Repost from pm....
Closed my shorts 2 days back, but I did not go long as I want to see OCBC and DBS Q3 results to see the impact. Currently DBS is up on OCBC good result and Dow. Dow had a good run. Even if it is up tonight, tomorrow futures is likely to be red. So.....I would not long DBS, instead, I will sell DBS into strength today if I have long position and see if can pick up some on the cheap tomorrow to tikam its Q3 result on Monday before market open.
IMO, DYODD.
look at OCBC........Wow!
Surprise, Surprise! A good set of results for OCBC.
Luzern ( Date: 30-Oct-2018 09:37) Posted:
| If dow behaves, it should so a significnat technical rebounce from the 241xx level.......... as for our banks, threre is still the OCBC and DBS results for Q3 which the market might have already priced in a majority portion already.............IMO, a prudent move for those with Bank shorts, you should consider reducing your short positions..........DYODD. |
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OCBC result before mkt open tomorrow....... 😉
Huat Ah!
Luzern ( Date: 30-Oct-2018 09:37) Posted:
| If dow behaves, it should so a significnat technical rebounce from the 241xx level.......... as for our banks, threre is still the OCBC and DBS results for Q3 which the market might have already priced in a majority portion already.............IMO, a prudent move for those with Bank shorts, you should consider reducing your short positions..........DYODD. |
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Depends on how much the market have factored in the " potential negative" results.
The reality of banks is once results out, whether good or bad, will kanna sell down.
UOB is one example.
Take care and trades with care!
A good time to reduce short (or go long on non banks counters) is in the afternoon when Europe starts trading..........trading down.
If dow behaves, it should so a significnat technical rebounce from the 241xx level.......... as for our banks, threre is still the OCBC and DBS results for Q3 which the market might have already priced in a majority portion already.............IMO, a prudent move for those with Bank shorts, you should consider reducing your short positions..........DYODD.
Luzern ( Date: 30-Oct-2018 09:01) Posted:
And UOB breaks 24....one day behind DBS breaking 23.
Luzern ( Date: 29-Oct-2018 15:28) Posted:
| DBS breaks 23 before UOB breaks 24.....so its ......UOB:2 and DBS: |
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And UOB breaks 24....one day behind DBS breaking 23.
Luzern ( Date: 29-Oct-2018 15:28) Posted:
DBS breaks 23 before UOB breaks 24.....so its ......UOB:2 and DBS:1
Luzern ( Date: 26-Oct-2018 11:12) Posted:
Will UOB break 24 first or DBS break 23 first......... so far its UOB:2 and DBS: 0
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Dow hit the support at 24100+ (2 of my trendlines) and rebounded.
DBS breaks 23 before UOB breaks 24.....so its ......UOB:2 and DBS:1
Luzern ( Date: 26-Oct-2018 11:12) Posted:
Will UOB break 24 first or DBS break 23 first......... so far its UOB:2 and DBS: 0
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I expected UOB to perform better than the other 2 banks in this kind of crisis. Hence, I am expecting relatively worst off results for OCBC and DBS. IMO, DYODD.
Will UOB break 24 first or DBS break 23 first......... so far its UOB:2 and DBS: 0
The forex risk is significantly higher for DBS and OCBC due to their exposure to Greater China.
Few question I have on UOB latest results....
1) the 4% Q to Q fall....... is this normal?
2) What is the breakdown of the loans in currencies for the Greater China loans? 50% in RmB?
3) What is the breakdown of the loans in currencies in all the other Counteries?
4) What are the forex gain/loss on all these external loans if they were to be convertered to S$ at todays rate?
Wonder where his round will take Dow to?
Luzern ( Date: 23-Oct-2018 11:22) Posted:
Repost for easy reference.
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My opinion is that Dow is not done with the pull back yet.
1) IMO, the main reasons for the correction in the first place is the increasing Bond and interest rate, the trend of increases have not change, just taking a " breather" .
2) Trade Tariffs spate is still ongoing and is likely to heat up again during midterm election.
3) The bounces up in this Dow pull back are fuel by Companies numbers beating expectations and these few days, by China' s intervention in the equity markets, credits markest and talks of tax cuts.
--> So what is likely to happen after reporting season is over in US?
--> How long will the feel good effect of the Chinese Govt intervention last?
--> Midterm Election, as in most (if not all) US elections is going to fill with lots of allegations and blame game.
IMO, DYODD
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https://www.scmp.com/comment/article/2169695/yuan-devaluation-why-signs-point-further-drop-chinas-currency-whether-us
Yuan devaluation: why the signs point to a further drop in China&rsquo s currency, whether the US likes it or not
- Neal Kimberley says debt risk and slowing growth are putting downward pressure on the yuan, and officials are hinting they won&rsquo t stand in the way of devaluation
PUBLISHED : Tuesday, 23 October, 2018, 12:05pm
UPDATED : Tuesday, 23 October, 2018, 12:10pm
