1. SPH -- 12th Jul 2011
2. CapitaComm Trust -- 14th Jul 2011
3. M1 -- 14th Jul 2011
4. CapitaRChina -- 15th Jul 2011
5. K-Green -- 18th Jul 2011
6. K-Reit -- 18th Jul 2011
7. AscendasReit -- 18th Jul 2011
8. Keppel T& T -- 19th Jul 2011
9. CapitaMall Trust -- 19th Jul 2011
10. Cambridge Industrial Trust -- 19th Jul 2011
11. Kepland -- 20th Jul 2011
12. FSL Trust -- 20th Jul 2011
13. KepCorp -- 21st Jul 2011
14. Mapletreelog -- 21st Jul 2011
15. CapMallsAsia -- 21st Jul 2011
16. SuntecReit -- 21st Jul 2011
17. Ascott Reits -- 22nd Jul 2011
18. First REIT -- 22nd Jul 2011
19. StarHill Global Reit -- 25th Jul 2011
20. MapletreeInd -- 26th Jul 2011
21. SIA Engg -- 26th Jul 2011
22. FCT -- 26th Jul 2011
23. SATS -- 26th Jul 2011
24. Cache Logistics Trust -- 27th Jul 2011
25. SMRT -- 27th Jul 2011
26. CDL HTrust -- 27th Jul 2011
27. Biosensors -- 27th Jul 2011
28. MapletreeCom -- 27th Jul 2011
29. SingPost -- 27th Jul 2011
30. HKLand -- 28th Jul 2011
31. SIA -- 28th Jul 2011
32. DBS -- 28th Jul 2011
33. JMH -- 29th Jul 2011
34. JSH -- 29th Jul 2011
35. FCOT -- 29th Jul 2011
36. Tuan Sing -- 1st Aug 2011
37. Cosco -- 1st Aug 2011
38. ST Engg -- 2nd Aug 2011
39. SembMar -- 2nd Aug 2011
40. OCBC -- 2nd Aug 2011
41. SGX -- 3rd Aug 2011
42. Capitaland -- 4th Aug 2011
43. SembCorp -- 4th Aug 2011
44. StarHub -- 4th Aug 2011
45. TigerAir -- 4th Aug 2011
46. Plife REIT -- 4th Aug 2011
47. Hyflux -- 5th Aug 2011
48. NOL -- 6th Aug 2011
49. ARA -- 8th Aug 2011
50. UOB -- 10th Aug 2011
51. MIIF -- 10th Aug 2011
52. GoldenAgr -- 11th Aug 2011
53. Yanlord -- 11th Aug 2011
54. SBS Transit -- 11th Aug 2011
55. CityDev -- 12th Aug 2011
56. SingTel -- 12th Aug 2011
57. NobleGrp -- 12th Aug 2011
58. Genting SP -- 12th Aug 2011
59. ComfortDelGro -- 12th Aug 2011
60. Olam -- 26th Aug 2011
61. Wilmar -- 13th Aug 2011
62. STX OSV -- 13th Aug 2011
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News Update!
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krisluke
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25-Jul-2011 00:45
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Wall St Wk Ahead: Feeling the heat on U.S. debt, earnings
(Repeating item that initially moved late on Friday)
By Edward Krudy NEW YORK, July 24 (Reuters) - New York City may be frying in near record temperatures but Wall Street has been feeling the heat for months. Wrangling over the U.S. debt ceiling and questions marks over corporate earnings mean markets are unlikely to get a break any time soon. Wall Street is set to close its worst three months in a year as July draws to a close this week after a roller-coaster ride for markets. Stressed out fund managers hitting the beach in August may find themselves fiddling with their BlackBerrys more than the little umbrella in their cocktails. " I need a vacation, man. After all the stuff that's happened in the last three months I'm pretty much shot, I'm getting weird, even my 6-year-old looks at me," said one New Jersey-based fund manager, who was packing his bags for a destination in the Caribbean as temperatures topped 100 degrees Fahrenheit in New York City. With euro zone leaders having reached a deal for yet another bailout for debt-laden Greece, investors will be free to chew over the rancor in Washington with even more attention. Negotiations between President Barack Obama and the top Republican in the House of Representatives, John Boehner, still looked far from a deal to avert a looming U.S. default, lawmakers said on Friday, raising the likelihood of more volatility in the coming week if the weekend ends with no solution. " It's likely an agreement in any form will cause a relief rally for equities," said Glenn Starkman, global head of sales trading at Dahlman Rose in New York. " Coming on the heels of overall pretty good earnings numbers and some sort of resolution in Greece and that could make for a rally in the market," he said. But on the other side of the coin, the prolonged and partisan dispute over solving the country's debt crisis means there is still a big downside risk. " Who knows where that is going to go," said Nick Kalivas, an analyst at MF Global in Chicago. " We're vulnerable to a buyers' strike if we don't get any news." In addition, the corporate earnings season suggests other risks could dog the market. Despite generally good results so far, there have been some worrisome signs. The S& P 500 rallied 6 percent in the run-up to reporting season, but earnings misses from big industrial names like Rockwell Collins and Caterpillar Inc weighed on the Dow and S& P 500 on Friday. Earlier in the week several big consumer names such as Whirlpool and Pepsi warned about sluggishness in developed markets, sending their shares sharply lower. " The market still has a high degree of skepticism in it," Kalivas said, summing up the earnings season so far. Kalivas said he will be closely following earnings from sector and economic bellwethers this week. Those include the package delivery company UPS, chipmaker Texas Instruments, and online retailer Amazon. Around 30 percent of the S& P 500's $12.3 trillion market cap have reported earnings so far. They have outpaced consensus estimates by 3.8 percent, and only 7 percent have missed estimates, according to data from Morgan Stanley. But share prices of those that have fallen short of estimates have taken a severe beating. Given the fragile sentiment a few more prominent misses could derail the market. " The market is punishing these misses more than it is rewarding beats, an asymmetry we have been calling for and we forecast will continue," Morgan Stanley's U.S. equity strategist Adam Parker wrote in a note to clients. " Our view remains that first half of the year numbers are achievable, but the second half of the year looks challenged," he said. This week is also a big week for economic data. Fears of a slowdown in the economy have been a large driver of market volatility over the last few months, and the coming releases will be parsed very closely. They include early regional manufacturing data from Chicago and New York, a reading of consumer sentiment, and a first reading of U.S. growth for the second quarter, expected to show the economy grew just 1.9 percent in the period. Bob Doll, chief equity strategist at BlackRock, one of the world's largest fund managers with around $1.6 trillion of equities under management, said last week that the U.S. economy is at a critical juncture. Doll points out that since 1960 every time year-on-year growth has fallen under 2 percent the U.S. economy has gone into recession. " Our bottom line view is that investors should maintain a reasonably constructive bias toward risk assets, but should also be prepared to scale back exposure if evidence of economic growth acceleration does not materialize," said Doll. |
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teeth53
Supreme |
23-Jul-2011 16:33
Yells: "don't learn through life, learn to grow with life " |
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 Look. Look, see, see. Ai C liao. Obama oni $500k..?.
President Obama and Treasury chief Tim Geithner will have to make hard calls about who gets paid if debt ceiling isn't raised. |
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teeth53
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23-Jul-2011 16:29
Yells: "don't learn through life, learn to grow with life " |
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there's a QE 2.5 worth US$300 billion for now. Temporary can last for 2.5 months, same goes for Greece. Then followup with a QE2.51, then 2.52 and so on.........and on. Why? It's basic math: The United States doesn't bring in enough revenue to pay all its bills -- with monthly deficits averaging $125 billion.
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krisluke
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23-Jul-2011 16:15
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Friday, July 22, 2011 |
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Hulumas
Supreme |
19-Jul-2011 16:38
Yells: "INVEST but not TRADE please!" |
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QE 3 is imminent, it is just a matter of time!
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iPunter
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19-Jul-2011 08:33
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If they have QE-3, QE4... to QE-infinity, it can be worse... 
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bryansng
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19-Jul-2011 07:23
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No QE3. A bad news for the stocks exchange counters..... lets see the negative effect.. | ||||
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krisluke
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19-Jul-2011 07:19
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krisluke
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19-Jul-2011 07:11
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Lower Inflation Risk Creates Higher Odds of QE3 Goldman Sachs says there is a strong likelihood of inflation slowing in the coming year. And this means the Fed is likely to try to create more inflation via further QE. In a recent note they said:
This is accurate in my opinion and really gets to the heart of why the Fed’s policies are so misguided. Because QE does not alter net financial assets it does not actually alter the private sector’s economic standing. Therefore, referring to QE as “stimulus” is entirely wrong. All QE has been proven to do is alter nominal asset prices via psychological channels. And while there are broad beliefs that this generates a “wealth effect”, the most recent bout of QE confirms my original beliefs that QE would be a monetary non-event and would instead serve as a margin squeeze on the entire economy as the Fed does indeed help create higher cost push inflation which actually resulted in lower real GDP….Furthermore, we all know, after 20 years of the Greenspan and Bernanke put, that the Fed can help further financialize the US economy by keeping asset prices higher than they otherwise would be. Unfortunately, because we haven’t learned from our past mistakes, we continue to repeat them…. |
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krisluke
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19-Jul-2011 07:09
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Hints to QE3 scary for already high commodity prices: HSBCAs US economy signals a drop in its strength with every passing day, Arjuna Mahendran, managing director, head investment strategy Asia with HSBC Private Bank tells CNBC-TV18, that a probable QE 3 will only shoot the elevated commodity prices further. “We have seen in the last two instances of QE, it created bubbles in the commodity space, principally, in oil but also in gold and other metals,” he added. Below is a transcript of Arjuna Mahendran’s interview with CNBC-TV18. Also watch the accompanying video. Q: There is a question mark on the global liquidity on whether or not we are going to see a third round of quantitative easing. Do you think the opinion is leaning now? A: The US economy is only getting weaker and it seems to happen almost every day as we get more evidence. Bernanke's comments last week were the clearest indication that it the weakening is more of a reality. Whether QE 3 will be implemented or not depends on the reaction of big business in the US. If you had more quantitative easing that would create more volatility for commodity prices. We have seen in the last two instances of QE since money created in America went out into emerging markets and created bubbles in the commodity space, principally in oil but also in gold and other metals. Hence, this is denting profitability for large businesses worldwide. There is going to be a very interesting debate in the months ahead on whether it is really desirable to just open this spigot at a time when commodity prices are already hitting highs. Q: By when do you expect some resolution on whether we will have some form of quantitative easing or not? Do you think it will only come if there is a big economic fall down from the US macro data or a market meltdown preceding it? A: The immediate issue is whether the US government can borrow more money. The debt ceiling issue has got to be resolved first and that has a huge impact on sentiments and arguably on companies desired to hire more people. The most watched strategist in the United States nowadays is the monthly payroll numbers, which should fall into as low as 18,000 last month. This number has to progressively increase to over 200,000 jobs a month before we will be satisfied that the United States economy is gathering momentum. If we don’t hit that 200,000 number by September-October then there will be a lot of pressure on the Fed to go for QE3. Q: What is your assessment of the European situation? Do you think we will tide over by fixing some of the problem areas or do you expect a capitulation kind of a situation over the next three to four months in any of the countries? A: The key element that needs to spoken about at the EU summit on Thursday is whether to allow European Financial stability fund to buy debt. Sovereign debt in the secondary markets that has been blocked so far by Germany, which does not want that to happen because it will mean that all the investors in Greek sovereign bonds will get away scot free without taking a hair cut on their investments in this risky debt and Germany does not want that. Germans will give way on this which will then pave the way for Greek and other stress sovereign bond holders to swap their holdings of their debt into new issuance of European debt, perhaps by the European Financial Stability Facility (ESFS) or the European investment bag or even some institution where the risk attached to those new paper will not be that significant. We are hoping this will be the case and in the mean time the holders of Greek debt will probably have to take a bit of a hit on the swap between the two pieces of paper — where perhaps they will take a loss that would then pave the way for this thing to be resolved fairly expeditiously. Q: What are your expectations from the RBI for the rest of the year and does that remain a key hindrance from foreigners investing in
RBI has to raise rates more to curb these inflation expectations that have built up to fairly high levels and obviously, they are impacting corporate margins. Analyst downgrades on corporate earnings expectations across Asia are the highest in
Q: Following the rally we saw about a fortnight back, the view was that second half would be more tilted towards risk including equities. Would you go with that or do you think it is still an extremely risk averse kind of market and there is not likely to be any meaningful headway from equities?
A: I don’t think equities will build up much steam ahead of Diwali. We have to watch out how the whole monsoon pans out since is critical for India and for some of the neighbouring countries as well. However, with this uncertainty about the debt situation in the US and Europe and the potential knock on effects that has for whole multitude of risk assets globally, if the pricing of those critical assets like US government treasury is affected in the next month then it will have implications for all these variety of risk assets.
Hence, I don’t think equities are going to come back big time any time soon, I would wait for September-October where I hope a lot of this dust will settle. One needs to remember that the central bank tightening cycle is probably close to a peak in China but in India, it has probably ways to go. It is fourth quarter story at the earliest.
Q: The general expectation for the stock market here is that come September-October inflation would start subsiding and the RBI would be pass the interest rate tightening. However, if QE3 does come about and crude say goes back to USD 140 a barrel could all those assumptions change around once again?
A: We have a very uneven landscape, in terms of the different scenarios for the future. We just try and address them by subscribing different probabilities to each. The most likely probability right now is for QE3 to hit us at some point in the third or fourth quarter. It would then upset all our calculations because of the likely hit on commodities prices once more.
The Chinese have now announced that they are going in for a big lower middle income housing programe commencing in November, which would cost about 1.3 trillion renminbi. The Chinese government is trying to work out how to fund this right now. They do not want to rely on the banks as they did in the past because the banks have obviously got a problem with these local government loans going bad. Once things are sorted out, it could be a significance stimulus to Chinese growth, to commodities prices and indeed emerging market risk assets in general.
Hence, it could perhaps counter act QE3 to some extent if it is implemented. We have to watch the situation but it is very fluid right now so, I would just stick with a very defensive position at the moment. |
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krisluke
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19-Jul-2011 06:32
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Wall St drops on global debt woes banks drag
The New York Stock Exchange seen with a Wall street sign in front
* IBM climbs after announcing stronger earnings * Allstate drags insurers after executive's departure * Indexes off: Dow 0.8 pct, S& P 0.8 pct, Nasdaq 0.9 pct (Adds IBM results in paragraph 12, updates volume) By Chuck Mikolajczak NEW YORK, July 18 (Reuters) - U.S. stocks dropped on Monday as bank shares bore the brunt of investor frustration over governments' inability to solve debt crises in the United States and Europe. With five days to go before President Barack Obama's deadline for a debt ceiling deal and no agreement in sight, Republicans and Democrats were crafting a fallback plan to avert a U.S. default. The longer the debt ceiling debate remains unresolved, the bigger the risk for further declines in stocks and a spike in volatility. The CBOE Volatility index rose 7.8 percent on Monday after a gain of more than 20 percent last week. Adding to pressure on financials, the euro zone's regulatory stress tests for banks were viewed as unrealistically soft, given the scope of the crisis. " It's not a good environment for financials," said Terry Morris, senior equity manager for National Penn Investors Trust Company in Reading, Pennsylvania. " The market is really scared right now and it's a fragile economy that we have, so when you throw something like this in the cake, then you have investors sitting on the sidelines or selling." Bank of America Corp hit a new 52-week low and ended down 2.8 percent to $9.72 while Citigroup Inc lost 1.7 percent to $37.74. Financials were the weakest S& P sector on Monday, losing 1.4 percent. The Dow Jones industrial average dropped 94.57 points, or 0.76 percent, to 12,385.16. The Standard & Poor's 500 Index declined 10.70 points, or 0.81 percent, to 1,305.44. The Nasdaq Composite Index fell 24.69 points, or 0.89 percent, to 2,765.11. Expectations of strong earnings could fuel optimism, but it may not be enough to lift the market from its recent decline. Last week's encouraging results from Google Inc and JPMorgan Chase & Co were overshadowed by global economic worries that sparked the S& P 500's worst performance in five weeks. In the latest earnings news, Halliburton Co reported a 54 percent jump in quarterly profit as a U.S. onshore drilling boom showed no sign of cooling off. The stock edged up 4 cents to $53.12. Second-quarter earnings for S& P 500 companies are seen rising 6.5 percent, and of the 44 companies in the S& P reporting so far, 75 percent posted higher-than-expected profits, according to Thomson Reuters Proprietary Research. After the closing bell, International Business Machines Corp said quarterly profit rose 8 percent from a year earlier, buoyed by strong growth in sales of its computers and software. Shares gained 2.4 percent to $179.45 in extended trading. Allstate Corp shares fell 5 percent to $28.01 after a senior executive left the largest publicly traded U.S. home and auto insurer, and analysts said the pressure was on management to produce results. The KBW insurance index shed 2.8 percent. Volume was light with about 6.89 billion shares traded on the New York Stock Exchange, NYSE Amex and Nasdaq, below the daily average of 7.49 billion. Declining stocks outnumbered advancing ones on the NYSE by 2,569 to 446, while on the Nasdaq decliners beat advancers 2,027 to 543. |
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krisluke
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18-Jul-2011 23:32
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krisluke
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18-Jul-2011 23:22
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So, the expert suggest a BUY call on dip ? ?? SOME GOOD earning report over rule debt ceiling restriction? ?? PLUS QE 3 COMIN TO TOWN ? ?? 
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krisluke
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18-Jul-2011 23:17
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Paul Ebeling Wall St Week Ahead What to expect this week on Wall Street Again, there is lots of Econ data this week. But the really Big story is earnings. Earnings will be the driver I believe not the DC wrangling about the US debt ceiling raise. The leaders are in position to move North on last weeks decline that set the stage for the next leg up. There are still some downside plays but I believe they could be dangerous as the pattern suggest reverse head and shoulders and they often surprise with Northside moves and catch the short players. So, prudence say stay with the leaders the patterns are better. If GOOG and JPM are indicators, there are more good earnings coming, and thus the market is positioned to rally, and challenge the past high. IMO it is set to take a crack at it and may actually crack it on this go. The market is poised to play the US Fed’s next QE move when it makes it, it is being priced in now for an official announcement in August, that plus some pretty good earnings reports is a formula for strong Northside action I believe no matter what the Noisy headline Econo news is. Business is good. Playing the Northside is the preference and as always take what the market gives, and keep tights stops to protect the gainers. Vol. 07182011 # 1 Copyright 18 July 2011 Date Line: Singapore The Red Roadmaster™ Paul A. Ebeling, Jnr. Editor/Compiler/Analyst/Commentator Source: http://www.livetradingnews.com/ |
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krisluke
Supreme |
18-Jul-2011 23:13
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With traders expressing concerns about the U.S. debt limit and the results of the European bank stress tests, stocks moved sharply lower at the start of trading on Monday. The major averages all moved to the downside, extending the downward move seen last week. In recent trading, the major averages have seen some further downside, falling to new lows for the young session. The Dow is down 112.85 points or 0.9 percent at 12,366.88, the Nasdaq is down 19.44 points or 0.7 percent at 2,770.36 and the S& P 500 is down 9.16 points or 0.7 percent at 1,306.98. The initial weakness on Wall Street came as traders worry about whether Democrats and Republicans will be able to reach an agreement on raising the debt limit and avoid a default. The issue of taxes remains a sticking point in the negotiations, with Republicans insisting that they will not accept any tax hikes, while President Barack Obama has called for a " balanced approach" that includes higher taxes on wealthier Americans along with reductions in spending on social programs. The U.S. is projected to surpass the $14.3 trillion debt limit on August 2nd and could be forced to default if the ceiling is not raised by then. In order for both houses of Congress to pass a bill by the deadline, the framework of an agreement will likely need to be hammered out within the next few days. Lingering concerns about the European debt crisis is also likely to weigh on stocks, as traders continue to digest the results of the stress tests that were released last Friday. Peter Boockvar, equity strategist at Miller Tabak, said, " Instead of garnering more confidence, the European bank stress tests spurred more concerns." " This is not because only 8 banks failed, but more due to the reality that has been mostly fully revealed that banks not only have large sovereign holdings of iffy credits but also have huge exposure to the private sector of each of the troubled economies," he added. Airline stocks have shown a substantial move to the downside in early trading, dragging the NYSE Arca Airline Index down by 3.2 percent. SkyWest (SKYW) is leading the sector lower after warning of weaker than expected second quarter results. Steel, networking, and housing stocks have also come under pressure, moving to the downside along with most of the major sectors. On the other hand, gold stocks are bucking the downtrend as the price of the precious metal climbs above $1,600 an ounce. In overseas trading, stock markets across the Asia-Pacific region closed mostly lower on Monday. Hong Kong's Hang Seng Index fell by 0.3 percent, while Australia's All Ordinaries Index edged down by 0.1 percent. The Japanese markets were closed for a public holiday. The major European markets are also showing notable moves to the downside on the day. The French CAC 40 Index is down by 1.4 percent, while the German DAX Index and the U.K.'s FTSE 100 Index are both falling by 1 percent. In the bond market, treasuries are turning in a lackluster performance, lingering near the unchanged line. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, is down by less than a basis point at 2.904 percent. |
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krisluke
Supreme |
18-Jul-2011 22:28
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Wall St falls on U.S. debt, European worries
The New York Stock Exchange seen with a Wall street sign in front
* Halliburton's quarterly profit soars * News Corp drops after former top exec arrested * Indexes down: Dow 1.1 pct, S& P, Nasdaq both 1 pct (Updates to midmorning) By Ryan Vlastelica NEW YORK, July 18 (Reuters) - U.S. stocks fell about 1 percent on Monday, with no deal in sight on raising the U.S. debt ceiling and investors fretting over continued fiscal problems in Europe. An expected strong earnings season could fuel optimism, even though encouraging results from Google Inc and JPMorgan Chase & Co last week were overshadowed by headwinds from global economic worries that sparked the S& P 500's worst performance in five weeks. With five days remaining before U.S. President Barack Obama's deadline for a deal to raise the government's debt ceiling, Republicans and Democrats scrambled to work out details on a fallback plan that would avoid an unprecedented U.S. default. " The fact that the U.S. debt issue is coming at the same time as Europe heightens investor concerns. It's hard to say whether we've reached the bottom yet," said Paul Nolte, managing director at Dearborn Partners in Chicago. The Dow Jones industrial average was down 134.42 points, or 1.08 percent, at 12,345.31. The Standard & Poor's 500 Index was down 12.79 points, or 0.97 percent, at 1,303.35. The Nasdaq Composite Index was down 27.40 points, or 0.98 percent, at 2,762.40. Confusion over competing policy proposals reigned among officials and bankers as Europe struggled to put together a second bailout of Greece and prevent the region's debt crisis from spreading. In U.S. corporate news, Halliburton Co reported a forecast-topping 54 percent jump in quarterly profit while sales gained 34 percent. The stock rose 0.4 percent to $53.35. Second-quarter earnings for S& P 500 companies are seen rising 6.5 percent, and of the 39 companies in the S& P that have reporting so far, 74 percent posted higher-than-expected profits, according to Thomson Reuters Proprietary Research. " It remains to be seen whether earnings will be enough to trump the debt issues," Nolte said. " Based on last week's trading action, maybe not." Media and entertainment group News Corp fell 3.4 percent to $15.10 in heavy volume. Rebekah Brooks, the former head of its UK newspaper business was arrested on Sunday, the latest development in a widening phone hacking scandal. European equities added to last week's losses on Monday, led lower by bank shares. The FTSEurofirst 300 index of top shares fell 1.5 percent, while the Stoxx Europe 600 banking index lost 1.6 percent. Results from the region's regulatory stress tests failed to ease worries over any potential impact from the region's sovereign debt crisis. U.S.-listed shares of Barclays Plc dropped 3.2 percent to $13.99. U.S. banks were down as well. Bank of America Corp fell 2.2 percent to $9.78, while Citigroup Inc lost 2.4 percent to $37.45. |
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krisluke
Supreme |
18-Jul-2011 06:03
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Sunday, July 17, 2011Singapore hits buy signalAccording to Credit Suisse, Singapore has hit " Buy" as at 12 Jul. Korea remains the biggest Overweight, and both Hong Kong and China have hit their “Buy” signals. The bank uses the Six Factor valuation model, which looks at markets relative to their own history and works well at extremes. The six factors used in this
valuation model are historic P/E, price-to-cash flow, dividend yield, P/E adjusted by inflation, price-to-cash flow adjusted by inflation and the earnings yield adjusted by the bond yield. Biggest contributor to the current undervaluation is the earnings yield adjusted by the bond yield. The historical success rate of the past seven “Buy” signals (including 2008) is 76% in the 3, 6 and 12 months after. In other words, the Straits Times Index rose 76% of the time in the 3, 6 and 12 months after. The average gain in the Straits Times Index was 9% in the 3 months after and 18% in the 12 months after (except for 2008, the rally was 28%). With the relative price performance of cyclicals(Industrials, Energy, Consumer Cyclicals, Tech) versus defensives (staples, Telcos) tracking the US ISM, we think the rebound in Japanese industrial production (up 6.2% in May) and US ISM in June (from 53.5 in May to 55.3 in June) suggests looking at cheap cyclicals, such as Keppel Corp, Sembcorp Marine and NOL (Neptune Orient Lines). Singapore cyclicals trading on the biggest discounts are: Yangzijiang Shipbuilding, NOL, Sembcorp Marine and Keppel Corp. Price targets for Semb Mar and NOL (in my portfolio) are $6.60 and $2.40respectively. MSCI Singapore cyclicals have underperformed defensives by 10% since 30 April 2011. Key risk to buy call in Singapore is a global double dip. |
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krisluke
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17-Jul-2011 23:11
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Best Candlestick Patterns to Trade
The Top 10 Best Candlestick Patterns to Trade There is a wealth of information available online and in Bookstores that will teach you the details of using Candlesticks as indicators. The following are 10 candlestick patterns that have in my own experience produced consistent results. These will work better when you understand what is happening in each pattern. Candlesticks are not stand-alone indicators they must be combined with other forms of technical analysis to really be useful. For example, when you see one of these patterns on the daily chart, move down to the hourly chart. Does the hourly chart agree with your expectations on the daily chart? If so, then the odds of a reversal increase. The following patterns are divided into two parts: Bullish patterns and bearish patterns. These are reversal patterns that show up after a pullback (bullish patterns) or a rally (bearish patterns). Bullish Candlestick Patterns Engulfing: This pattern consists of two candles. The first day is a narrow range candle that closes down for the day. The sellers are still in control of the stock but because it is a narrow range candle and volatility is low, the sellers are not very aggressive. The second day is a wide range candle that “engulfs” the body of the first candle and closes near the top of the range. The buyers have overwhelmed the sellers (demand is greater than supply). Buyers are ready to take control of this stock! Hammer: As discussed above, the stock opened, then at some point the sellers took control of the stock and pushed it lower. By the end of the day, the buyers won and had enough strength to close the stock at the top of the range. Hammers can develop after a cluster of stop loss orders are hit. That’s when professional traders come in to grab shares at a lower price. Harami: When you see this pattern the first thing that comes to mind is that the momentum preceding it has stopped. On the first day you see a wide range candle that closes near the bottom of the range. The sellers are still in control of this stock. Then on the second day, there is only a narrow range candle that closes up for the day. Note: Do not confuse this pattern with the engulfing pattern. The candles are opposite! Piercing: This is also a two-candle reversal pattern where on the first day you see a wide range candle that closes near the bottom of the range. The sellers are in control. On the second day you see a wide range candle that has to close at least halfway into the prior candle. Those that shorted the stock on first day are now sitting at a loss on the rally that happens on the second day. This can set up a powerful reversal. Doji: The doji is probably the most popular candlestick pattern. The stock opens up and goes nowhere throughout the day and closes right at or near the opening price. Quite simply, it represents indecision and causes traders to question the current trend. This can often trigger reversals in the opposite direction. Bearish Candlestick Patterns Notice that all of these bearish patterns are the opposite of the bullish patterns. These patterns come after a rally and signify a possible reversal just like the bullish patterns. KickersThere is one more pattern worthy of mention. A “kicker” is sometimes referred to as the most powerful candlestick pattern of all.  You can see in the above graphic why this pattern is so explosive. Like most candle patterns there is a bullish and bearish version. In the bullish version, the stock is moving down and the last red candle closes at the bottom of the range. Then, on the next day, the stock gaps open above the previous days high and close. This “shock event” forces short sellers to cover and brings in new traders on the long side. This is reversed in the bearish version. Look for confirmation in at least 2 other indicators, RSI, Moneyflow etc BEFORE hitting the buy/sell button. Current Dow Futures Chart
Shayne Heffernan
Shayne Heffernan oversees the management of funds for institutions and high net worth individuals.
Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.
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krisluke
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17-Jul-2011 23:06
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Developments in U.S. debt talks
WASHINGTON, July 17 (Reuters) - Here is what is happening on Sunday in negotiations to raise the U.S. $14.3 trillion debt limit.
* President Barack Obama has no scheduled face-to-face meetings with Democratic and Republican leaders in Congress. But that could change. * Senate Democratic leader Harry Reid and Senate Republican leader Mitch McConnell are discussing modifications to a plan put forward by McConnell that would raise the debt limit and put nearly all the burden on Obama to carry it out. The plan could include about $1.5 trillion in spending cuts and set up a congressional panel to find further savings. * White House budget director Jack Lew tells Sunday talk shows that progress being made in debt talks and lawmakers have time to reach a deal on substantial deficit reduction ahead of an Aug. 2 deadline when the government will be unable to pay all of its bills. * Senator Dick Durbin, the second ranking Democrat in the Senate, says on NBC's " Meet the Press" that a constitutional amendment to balance the budget will not pass the Senate, but the Senate will consider such a measure next week. * Senator Jon Kyl, the second ranking Republican in the Senate, tells ABC's " This Week" that " If all else fails...we will not be the ones who took the country into default, the United States will not default on its debt." * Republican Senator Jim DeMint says on NBC's " Meet the Press" it is time to " draw a line in the sand" because " a day of reckoning is going to come." He says the country faces financial disaster without spending cuts and that it is time for Congress to pass a balanced budget amendment to the Constitution and send it to the states for ratification. * The Republican-led House of Representatives will vote on Tuesday on a plan calling for immediate spending cuts and capping the level of federal spending to a percentage of the economy, 18 percent by 2021. The House also is to consider a constitutional amendment requiring a balanced federal budget. * Lawmakers are under massive pressure from state governors, U.S. businesses and U.S. creditors to strike a deal and raise the debt limit. Connecticut Governor Dannel Malloy, a Democrat, said on Saturday at a National Governors Association meeting in Salt Lake City, " This is a dangerous and equally ridiculous situation that's playing itself out." (Reporting by Donna Smith Editing by Vicki Allen) |
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krisluke
Supreme |
17-Jul-2011 23:02
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Singapore says growth faces headwinds, but no forecast changes yet
SINGAPORE, July 17 (Reuters) - Singapore is reviewing its 2011 GDP forecasts but expects no big adjustment despite global sluggishness and its own economy slowing in the second quarter, Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam was quoted as saying on Sunday.
Singapore announced last week that GDP contracted a seasonally adjusted, annualised 7.8 percent quarter-on-quarter in the April-June period, leading some economists to say the government's 5-7 percent GDP growth forecast for the full year may be difficult to achieve " We review it every quarter and we are reviewing it now as well," Tharman said, referring to the forecast. " I don't think we will see significant adjustment because what was a dominant factor in the second quarter results were the temporary factors," he was quoted as saying by the local Sunday Times newspaper. The second quarter figures were dragged down by a fall in manufacturing, especially in the volatile pharmaceutical sector. Nevertheless, Tharman said Singapore would be affected by sluggishness in the global economy. " Things are not looking better in Europe," he said. " They are still kicking the can down the road and unless the problems are being resolved decisively, confidence is going to keep ebbing." About the United States, he said: " Corporates are not investing in the way they should at this stage of the recovery." Singapore, he said, will be affected by these sevents. " I don't think we will get a repeat of the Lehman crisis," Tharman said, referring to the collapse of the U.S. bank at the start of the 2008 global financial crisis. " But we have to expect some mini-shocks from time to time that will affect confidence." |
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