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Investors should seize the opportunity to buy the region’s equities on “every setback,” Faber said
In Asia, stocks offer “much better value” than U.S. shares, and investors should seize the opportunity to buy the region’s equities on “every setback,” Faber said. Japanese stocks also “look interesting,” he added. “If you buy Asian equities in the next three months, over the next five to 10 years, for sure you will make money,” he said. “Asian exporting countries will benefit the most from an expansion when it happens.”
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The mkt had gone up so much, so naturally mild profit-taking is to be expected.
Whenever it dips, buyers come in. Mkt must chuan kui lah
ozone2002 ( Date: 07-Apr-2009 11:45) Posted:
STI down on low vol... Up on high vol..
Bullishness Looking good!.. |
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Multiple support for gold around the 850 level - Buy level
Quote:
"list I see multiple support for gold around the 850 level. This is the kind of support where you want to start buying"
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Weekly Market Outlook
After 4 straight up weeks, the market is down this Monday morning ... remember however that the markets were down strongly last Monday morning yet rallied to end up on the week. Earnings reporting season begins this week with Alcoa and Chevron, but really kicks into gear starting next Tuesday, April 14th. Many are anticipating that the upcoming company quarterly earnings reports could be the catalyst for another market leg down -- keep in mind, however, that the bulls have largely been in control since the March 9th bottom and "don't fight the tape". The CBOE Volatility Index remains in its tight 40 to 45 range. The VIX actually barely closed below 40 on Friday, but is back over 42 this morning.
Last week we mentioned that the DJIA was pulling back to potential support at 7,500 and setting up a Percent R bullish re-test. That held true, as we bounced higher from there to the 8,000 area (see the following chart). Now 8,000 is holding as possible resistance, but we have strong support below around the 7,500 area (previous support & exponential moving average support) and Percent R is in Bullish mode following the recent successful re-test.
Dow Jones Industrials Daily Chart
(Continued Below)
Last week we mentioned the Weekly charts looked to be at a pivotal point for the major indices. That looks to have been resolved to the upside, with the NASDAQ particularly strong. The Weekly NASDAQ 100 (NDX) chart below shows we have broken above the recent downtrending range. Also Percent R and Efficiency Ratio have finally emerged from very low conditions, with Weekly Efficiency Ratio approaching a Bullish reading. There is potential resistance around 1,300 for the NDX, however -- upside targets above current levels are 1,400 and 1,500.
NDX Weekly Chart
Stepping back further to the long-term Monthly chart, you can see the severe technical damage that has been done to indices such as the S&P 500 Index (SPX) in the following chart. Holding support around 800 on the SPX will be key, and there certainly is upside potential to 900 and 1,000. Monthly Percent R is trying to push above the bearish 20 level -- it basically has hovered around or been below this level since May 2008, so a spike above this area would be significant.
SPX Monthly Chart
Bottom Line: Don't fight the charts, be flexible and don't anticipate a selloff before it happens ... while a downleg is certainly possible, the underlying trend over the past few weeks has been bullish. At this juncture, we may end up taking a pause after the strong rally over the past month, with the major indices settling into trading ranges. For example, on the S&P 500 Index a logical range would be 800 to 850 or a wider range of 775 to 900. Would a trading range or continued rally finally get the VIX to break 40 and stay below that level?
Trade Well This Week,
Price Headley,
BigTrends.com
1-800-244-8736
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U think your boss is GODDESS of fortune meh.... Alemak.
Learn to wean off your boss's milk glands lah
handon ( Date: 06-Apr-2009 22:45) Posted:
tat time my boss said dow 8.0... gold 8.8....
then gold 6.0... dow ???... ask my boss tomorrow....
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No thanks.
Even if your bosss wants to tell me, I wont trust anybody.
I would prefer to trust myself & do my own homework.
handon ( Date: 06-Apr-2009 22:08) Posted:
Next resistance???
my boss said dun tell you... hehe...
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Tats good news to the savvy, when many pple avoid like a plague, the savvy enter, when it become hot potatoes, the savvy exit just like when many pple fear the mkt, the savvy enters & when every uncles, aunties who knew nothing about shares start speculating in the coffee shop, the savvy exit.
soloman ( Date: 06-Apr-2009 21:17) Posted:
Number of S-chips in serious problems with auditors
Those without also has irreglarities,
For the rest o.k or rally or whatever , the prices are way too down to a few cents even !
I have learn something from older Spore investors
Spoken to some of them and they avoid the S- chips like the plague |
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Nobody can tell u except MFT.& they maybe right by luck or if unlucky, wrong.
There is no shortcut to trading, u have to learn TA & trade based on your own analysis as nobody is answerable to your pockets & not responsible for your losses if any.
U have to learn how to catch your own fish as nobody can catch fish for u everyday.
TA is never 100% guaranteed, tats why setting stop-loss is important.
battouchai ( Date: 06-Apr-2009 16:06) Posted:
| Hi..i am new here. Midas can still cheong from here? |
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Wat makes u think regional mkts out of steam, dun be another MFT.
It is no use speculating, trade base on TA & act based on TA.
Todays closing doesn't look out of steam, it may chuan kui for next few days or it may corrects, nobody knows except GOD. so trade day to day & act day to day.
Kensonic77 ( Date: 06-Apr-2009 15:06) Posted:
Regional Asia Market is out of steam. Just sold my Sembcorp, Sembmar and SGX. Take profit first and stay in cash. |
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Who cares whether we are out of the forest or jungles, I for one not bothered by all these MFT & rumour-mongers.
Just trade based on wat TA tells u.
Mkts is sentiments...sentiments...sentiments just as properties is - location, location...location... as simple as tat.
AnthonyTan ( Date: 06-Apr-2009 17:23) Posted:
| Caveat Emptor we are not out of the wood yet.Global financial systems are still not stable.Trade very very carefully.Rumour mongers are still at large - BEWARE |
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Good news for s-chips.
NOMURA: 1Q09 V-shaped recovery in China
http://www.nextinsight.com.sg/content/view/890/60/
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Yeh, it may turn around, but it also may consolidate, chuan kui for a while b4 resuming cheong mah, anybodies guess. So as I said, act based on yout own TA analysis
des_khor ( Date: 06-Apr-2009 12:42) Posted:
The market already up for a month... any U turn will be very deep as rise too fast !!
richtan ( Date: 06-Apr-2009 12:38) Posted:
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Just be careful, dun just listen blindly, may kena play to holland. It could be discounted & mkts are forward looking. They could be also spouting sour grapes, hoping to talk down the mkt as they have missed the boat or they also might be right by pure luck.
Best to do your own TA analysis & act accordingly to your own analysis, no shortcut & easy money. It feels better to be playout by own analysis than by other people like MFT as they dun answer to your pockets. |
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Just as u said "might closed in red", so it also might closed in green after absorbing those profit-taking & taking a breather, army say "take 5" mah, very si peh chuan u know.
So lets not be MFT & let the mkt tell us at the closed
des_khor ( Date: 06-Apr-2009 14:06) Posted:
| STI might closed in red as mood turn caution... |
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Just be careful, dun just listen blindly, may kena play to holland. It could be discounted & mkts are forward looking. They could be also spouting sour grapes, hoping to talk down the mkt as they have missed the boat or they also might be right by pure luck.
Best to do your own TA analysis & act accordingly to your own analysis, no shortcut & easy money. It feels better to be playout by own analysis than by other people like MFT as they dun answer to your pockets.
des_khor ( Date: 06-Apr-2009 12:23) Posted:
| this time I listen to one of MFT saying that the market might pull down in April as Q result no so good.... |
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From moneytalk website:
[Sunday, April 05, 2009 | ]
 Data of historical bear markets for the Straits Times Index (taken from fundsupermart)The above diagram which is taken from fundsupermart shows the duration it takes for the market to bottom from its previous peak. It ranges from 87 days to 627 days and the average is 360 days. If we take the low of 1473 made on the 28th of October last year as the bottom and the peak level of 3875 made of the 11th of October in 2007, the current bear market has lasted for 383 days and that is close to the average duration for bear markets. For the percentage drop, if we use the low made on the 28th of October last year and the peak level of 3875 made of the 11th of October in 2007 similarly, the Straits Times Index has dropped by a percentage of around 62% and that is comparable to the percentage drop during the Asian Financial Crisis, which stands as the biggest plunge ever from the peak, for the Straits Times Index. Based on these factors, one may be taking on a high risk of missing out on the market bottom. It is difficult to know exactly when will the market bottom. But the most important thing is that one should not try to catch the market bottom since it can notoriously difficult to do so, but one should at least be sure that he is buying near the market bottom. In my opinion, we are near the market bottom indeed based on the above factors. A note of caution though if you are planning to buy. You should be emotionally prepared to suffer a temporary decline in the value of equities that you have bought but I suspect it will not last long given that as of today, it has been 480 days from the previous peak and the longest historical duration is 627 days so far.
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Tats why they are called MFT.
All bullshit,
All follow wind direction,
3 yrs old kids also know, see mummy, say love mummy but when see daddy, they say love daddy.
mario1 ( Date: 06-Apr-2009 10:59) Posted:
| i agreed, 1 day said maintain their view that STI will drop below 1300, next day can say maintain their view it will go up to 1800.. , like tat i oso can predict.. |
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Yippeeeeee!!!!!
MIDAS followed the TA to a Tee, flagpole (Majulah Singapura, hahaha), break the sloping resistance at 50 ct, more good times to come, this is just the start of the party, there maybe bouts of slight correction, consolidation, take a breather (chuan kui) b4 upward climb again.
50 cts now becomes the potential support if unbroken as nothing is guaranteed, no TA is 100% guaranteed. Set your own stop-loss
richtan ( Date: 03-Apr-2009 17:08) Posted:
MIDAS could be forming a flag pole, consolidating (chuan kui) b4 resuming upward climb again. The show just started, "more good days" to come, patience is the key man
richtan ( Date: 03-Apr-2009 02:13) Posted:
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Hoorayyy!!! to MIDAS & congrats to those who bot.
Still more upside potential to come, the show just begins, the ride just started.
it is still never too late to jump into the bandwagon, otherwise, u will end up just salivating. |
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Yippeeee!!!!!! CHHX now broke 12 ct. More to come, the party has just begin. Cheongggggggg Ahhhhhhh!!!!!.
Those who heed my call, start make $$$$$
richtan ( Date: 05-Apr-2009 23:24) Posted:
| CHHX is forming a very nice upward slope with most up days on high volume, I think should break 12 ct on Mon. Looks like forming a flag pole/pennant, which is a continuous up trend after consolidation |
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Yippeeee!!!!!! CHHX now broke 12 ct. More to come, the party has just begin. Cheongggggggg Ahhhhhhh!!!!!.
Those who heed my call, start make $$$$$
richtan ( Date: 05-Apr-2009 23:24) Posted:
| CHHX is forming a very nice upward slope with most up days on high volume, I think should break 12 ct on Mon. Looks like forming a flag pole/pennant, which is a continuous up trend after consolidation |
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richtan ( Date: 03-Apr-2009 17:16) Posted:
CHHX is forming a very nice upward slope with most up days on high volume, I think should break 12 ct on Mon
richtan ( Date: 03-Apr-2009 02:09) Posted:
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CHHX turn to cheongggggg ahhhh!!!!!.
Every dog has its day, every cloud has its silver lining. |
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Yippeeee!!!!!! CHHX now broke 12 ct. More to come, the party has just begin. Cheongggggggg Ahhhhhhh!!!!!.
Those who heed my call, start make $$$$$
richtan ( Date: 05-Apr-2009 23:24) Posted:
CHHX is forming a very nice upward slope with most up days on high volume, I think should break 12 ct on Mon. Looks like forming a flag pole/pennant, which is a continuous up trend after consolidation
handon ( Date: 05-Apr-2009 22:44) Posted:
0.115 BO liao... what is the next tp???
my boss said dun tell u... hehe...
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