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.