Euro looks to be strong

Euro looks to be stronger than AUD.

Aussie Upside

Aussie to go upside.

US is closed due to Hurricane Sandy

No US market tonight. However Euro is set to be bearish. AUD/USD to be flat/ bearish.

The Weekly Review

The EUR/USD has been tumbling down for the week. There was a rebound of price within the channel but things has been looking so grim that market decided to take it down further, therefore breaking into bearish mode. I currently it is still uncertain for EUR/USD as if you look into the weekly timeframe, it is in consolidation mode. On the other hand, EUR/JPY is looking bearish judging from the rejection of price. But it seems to be supported and might move up next week. AUD/USD continues to be unpredictable but looks to go bullish as USD is set to drop next week. USD/JPY may drop for a short while.

US stocks remains to be flat/bearish. Tech stocks like Apple, Google, etc remains to be bearish. It is a tablet war out there, iPad mini, Samsung Galaxy Note 10.1,  Google Nexus 7, and now Microsoft is joining the fight with its Windows 8 tablets. It is holding its triumph card: MS Office included for tablets. Clearly aiming out for masses who needs to use MS Office while on the go. Consumers will be be spoiled for choices this Christmas.

Microsoft's Surface Tablet

Singapore stocks remains flat. Noticed that most stocks are beaten down. Even as US had like -100 pts drop, many stocks remain to be flat. Is there nothing to sell anymore? The situation now is weird, and I just read that money are pouring into Hong Kong Market. Funny.

Sometimes I miss out checking certain gems (too many stocks to track!) like Osim. Was out of my radar for quite some time till I decided to revisit and check it out. Too bad it has risen alot now. Check out the growth! BBs were buying massively!

Aussie Long

AUD/USD is set to go long for the next few hours if US market doesn't screw up.

Euro short

The EUR has broken out of channel, signalling a short.

The Weekly Review

The Action-reaction pinbar signalled a reversal and the Euro drops quickly. The EUR will still continue further but most probably be a short one as Euro still looks bullish long-term if it doesn't break down. The Aussie also looking bearish but will be unpredictable for the moment.

Apple broke down from its support. Is it time to short this stock?

I'll be looking out for bargains like this stock Alcoa Inc. which is the world's leading aluminum producer and is an indicator for economic growth especially China. Although its forecast for aluminum is not going to be good as China is slowing down, it looks good in terms of price.

Noble group is hitting resistance, but I'm long term bullish on commodity companies as their prices were hit very badly this year making them a good bargain.

Cautious Trading

I would be cautious today for trading as I detected a rejection off resistance.

Going Long

Euro turned around and went up. Yen falls. Aussie is waiting for a breakout of its resistance.

The Weekly Review: Recession Or The Great Bull?

It was another truly volatile week as big sudden movements of ups and down plague the forex market. The Euro had a fall before reversing up. Right now I see another fall could be coming as the market is still getting impatient with the Euro (and the EUR Union won the Nobel prize for peace?! Kind of a bullshit to me.) As for the Aussie, the correction upwards seemed to have hit its resistance and going back down. It will be still a hard fight as it is sitting on some form of support on the longer timescale.

Apple (AAPL) went tumbling down as sellers pushed the stock down. However there is a rumour of an announcement for ipad mini coming soon on 23 October. How well the stock performs will be dependent of how good the ipad mini will be. Also it is going to be Christmas soon.

DOW looks dangerously on the bear side.

On the Singapore side, Olam, Noble group is going to be interesting to watch.

Aussie short

Aussie is very bearish as it has failed to break out of resistance.

Euro: Ups and Downs

The Euro broke down from its support and then rebounded again. Is the Euro going to be bouncing up and down for the next few weeks? Right now it's pointing towards bullish again.

Euro's Sudden Fall

It doesn't look good for the Euro, falling after a good rally. Right now it's on a support. If it breaks the support. Then the Euro is bearish.

The Weekly Review

I mentioned the Euro's strength despite the turmoil and a rally might be around the corner. The Euro indeed moved up which is also thanks to US data. I saw EUR/JPY moving up more than EUR/USD as the USD rallied on news on Friday. Aussie remains bearish and it's a good steady profit. However, AUD/USD has touched one of its strong support and may be due for a short correction or reversal. Might see more bull on Euro for the next few weeks if it's a steady trend.

On the Singapore side, REITs and dividend stocks are certainly clear outperformers as they keep moving up on a steady rise. This probably due to that investors are buying to collect dividends from such stocks as the world economy remains unstable and the prevalent of low interest rates and increasing inflation.

Recently, the property sector has been quite weird, there seem to be buying up on property sectors. The government had just announced a new cooling measure to curb increasing property speculation by decreasing the mortgage loan duration to 35 years and increasing the downpayment. Yet it seems property stocks are on a good ride to new highs.

Capitaland went up crazily a day before the announcement. Kepland is more subdued but seems like it's waiting for a breakout of consolidation.

Another interesting stock which I like to highlight is Ezion. This stock really shined in the past few months as it's rise is just amazing. It's a gem if you were holding it during last year. This stock outperforms all mid-cap O&M stocks like Ezra. I do not know how much rise will it still run, though I shall look forward in shorting this stock in time to come.

The Shipping sector still remains weak as Cosco, Yangzijiang are still in the ICU with declining heart rate. A pattern is forming where it will reach its critical point of either a bullish rise or a dead drop. For the investors who are optimistic about the shipping sector in the future. These may be a value buy.

Moving over to US stocks, I am not so familiar with US stocks as there are too many stocks to track. But it seems like the IT era is going on a decline (a replay of dot.com crash?). We take a look at Zynga Inc.

Zynga Inc. is a company which produces online games like your farmville and poker. The stock rose up high then steadily declines until it's only above $2. What does this tell us about the IT sector soon? Look at facebook stock. It's still on a decline. Also, think about groupon other online coupon companies which has shut down. Hopefully, some will still survive.

Apple Inc (APPL) Still Going Strong

Apple Inc, the most talked about company since the success of iphone and ipad. At the beginning of 2012, its share price is only at $390. Now it has touched $700 per share. That's a really big increase! The stock is still holding strong, rebounding from its support. Still will it be ranging or going to $800 per share?

Strong Euro

Seems like the Government and Big Banks are just toying with everyone. The Euro still going strong. EUR/JPY rallied last night indicating that the rally might be around the corner. But still the Euro is pretty unstable hence the crazy movements. We shall see if it breaks the Daily pinbar which I mentioned yesterday.

To Long or to Short Euro?

Profited from a mini long last night. Now The daily, 4hr and now hourly timeframe is showing me that Euro is looking weak, a good risk-reward ratio. EUR should go down unless something spike it up again.

EUR Long AUD Short

This is what I'm looking at. Aussie is weak compared to Euro as RBA decided to cut rate for Aussie.

Stop Hunting?

Got stopped out of my shorts due to a quick rally. Is this just a stop hunt or a further rally? There's a rejection of price again.

Update: Broke out of resistance.