The Weekly Review - Tablet Wars

Another bumpy week, EUR/USD failed to move up resulting in a bearish pinbar rejection. Needless to say what happens next, a very good short. On the other hand, JPY has been very weak which is a very good long trade for trading JPY crosses such as AUD/JPY, USD/JPY, etc. AUD/USD has been very choppy, slowing chopping up until late night aggressive short by the market several hours after the US unemployment report. Notice the rejection again. Next week will be another tough week to trade as EUR/USD is hanging on breaking point. It will correct up for a while till market decides to bring it up further or push it down again.

Note: If you noticed, my AUD/USD timeframe is in 4h. I find it easier to spot movements in 4h timeframe. However you should always look at bigger timeframes to see the big picture.

US stocks

Let's take a look back at Apple. After breaking down out of the support, it has corrected up, failed to go back and continues down further.

Apple's in trouble recently

Apple unveiled their new iPad mini and 4th generation iPad (Click link to read review). It was quite a pity for the iPad mini cause reviews were praising about the form and weight, the only let down was that it lacked a retina display. If it had retina, I would say indeed it will be beautiful.

iPad mini me

Let's look at Google. Will it recover from its large drop after disappointing earnings?

Recovering from support. But will it hit resistance?

Google had quite good releases lately such as Nexus 7, Nexus 4 and Nexus 10 (Click link to read review). Their Android keeps improving with better UI. The specs are also very good as now most screens have high resolution that is said to be equal or better than Retina. But still the lag when scrolling will bug users. However they are cheaper than Apple's premium and I would say worth your money till Google updates with new OS after Jelly Bean.

Indeed

Another stock which is getting my interest is Potash Corp which is a company that makes fertilizers. Right now is hanging on support. So either it will bounce back up or continue further down.

Potash Corp

Singapore Stocks

Biosensors is looking for a long after a rejection of price.

Upside tick for Biosensors

Osim might be ending its bull run ending the Friday with a pinbar rejection.

End of bull run? Or a trick by BB?

Mapletreelog is not looking good. Currently it sits on support after a big down. This REIT company gives good dividends. But it is on the high side right now. Book your profits if one has bought this on the low price. REITS might be losing steam next year.

Big selldown after a very long good run