Friday, February 5, 2016

SockMarket & The Monkey's 72 Challenges (72变)

there's bull's blood all over the global stock markets...

Capricorn effect fizzled out this year 2016
In my 10th Dec 2015, I talked about the re-rating of stockmarket and commodities
The downturn was as expected but the intensity of sell-off was kinda of unexpected

What's next?

A re-visit to the charts clearly show some divergence: price decline versus RSI rise
This is a clear sign of an oversold market and should be rebounding...soon
The liquidity push/pull momentum will create an equally strong rebound

Throw Of A Dice Or Read The Charts

(This is NOT an investment advice nor is it an inducement and encouragement to trade/buy/sell. If you have any doubts, please consult your  lawyers, brokers, bankers & professional advisors)
 
DBS, OCBC are ready for a meaningful rebound while UOB had an earlier start
Cheapies Ramba, Forise, APAC, even "bombed-out" Koyo looked ready to 'rise to the music'
SingPost, Tritech seemed to be turning the corner with SMRT leading ahead
SembCorp and Keppel certainly has seen some of the worse sell-down; an early upswing looks imminent
M1 & SIA charts are looking for a breakout
ComfortD, Genting S & Capitaland will need alittle nurturing before interests return

There is a high probability that recovery is in sight following the intense sell-down.
However, the unstable and lightening growth prospects may mute the upside. Nonetheless, like buying 'big-ticket' items, it's not whether it's cheap or expensive, it's the 'feel good' effect that will moves the buyers.

Beware and be Forewarned

The stockmarket is a conduit to/of value investment and not a casino
Your choice of which stocks to buy, sell or hold is as personal as your inner garments; only you know

STIC 2623                            DJIA 16,416
KLCI 1662                            S&P 500 1915
HSI 19,288                            Nasdaq 4509
JCI 4798                                SSE Comp 2763
N225 16,819

Happy Monkey-CNY

Everyone wants to make money but few wants to do their homework. Stop monkeying around and start planning ahead...Good Luck

(This is NOT an investment advice nor is it an inducement and encouragement to trade/buy/sell. If you have any doubts, please consult your  lawyers, brokers, bankers & professional advisors)




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