The Weekly Review

Forex market is pretty jumpy and volatile. It is pretty difficult to ascertain a clear direction. The Euro is currently looking weak. Aud/usd staged a strong rebound but will it continue it's fall?

US Stocks

The Dow Jones Index fell and rebounded, still in its consolidation range.

Alcoa had a really bad fall after failing to break out of the high.

Singapore Stocks

Is Genting SP ready to be buying again?

Ascendasreit looking for a good short.

Gold: End of its shine?

Gold has been enjoying a really good rally for the past few years as currencies weaken, countries such as China and India started accumulating gold. As for the people, gold is a metal that has a good value to it. After reaching its peak of above $1900, gold value started to decline as funds started selling and diversify them into stocks. Let's take a look at the charts.

This is a daily chart of gold as of 18 Feb. as you can see gold had broke up and then started to wane again as the USD, Euro gained strength.

This is a monthly chart of gold. Once the breach of support level, it is highly likely selling will be continuous.

The Weekly Review

Forex markets became volatile as it keeps swinging big ways up and down driven mostly by government manipulation and news. Continue bearish for Eur/usd and Aud/usd. Eur/jpy might go up.

US Stocks

The Dow Jones Index continues to consolidate.

Alcoa soared the past few days.

While Amgen continues its down wave.

Singapore Stocks

Not many stocks that is attractive now as some are seemingly overvalued like REITS. It continued to soar this week.

Punters might want to punt on Healthway for a quick profit.

The Weekly Review: Happy Chinese New Year!

Happy Chinese New Year! For the Chinese, this is a very festive occasion as everyone celebrates the lunar new year.

The origin of Chinese New Year is itself centuries old and gains significance because of several myths and traditions. People celebrate the Chinese New Year. Chinese New Year is celebrated in China and in countries and territories with significant Chinese populations, including Hong Kong, Macau, Taiwan, Singapore, Thailand, Indonesia, Malaysia, Mauritius, Philippines, and also in Chinatowns elsewhere. Chinese New Year is considered a major holiday for the Chinese and has had influence on the lunar new year celebrations of its geographic neighbors.

Within China, regional customs and traditions concerning the celebration of the Chinese new year vary widely. People will pour out their money to buy presents, decoration, material, food, and clothing. It is also traditional for every family to thoroughly cleanse the house, in order to sweep away any ill-fortune and to make way for good incoming luck. Windows and doors will be decorated with red colour paper-cuts and couplets with popular themes of "good fortune" or "happiness", "wealth", and "longevity." The evening preceding Chinese New Year's Day is an occasion for Chinese families to gather for the annual reunion dinner. Activities include lighting firecrackers, wishing relatives a happy new year, and giving money in red paper envelopes.

Forex

Back to our analysis, the Euro has given up on bulls and bears has taken over after last week of rally. Aud/usd will continue to show weakness.

US stocks

The Dow Jones Index continues to consolidate. Waiting for a breakout?

Amgen went back up and consolidates.

Alcoa continues to consolidate. This is a very good potential investment as the risk reward is very good.

Wells Fargo may still consolidate.

Google. Forgotten to eyeball this stock and it soared to a new high.

Singapore stocks

Congrats to those who bought Genting SP. That was a good rally.

Wilmar. Put it in your radar and wait for that signal to long.

Yanlord looking for a good long.

WISH ALL A HAPPY CHINESE NEW YEAR!

The Weekly Review: Dow broke 14,000

The Euro indeed showed that it can stand against the bears and rallied after the unemployment results on Friday. Right now EUR/USD is showing an inverted pinbar which we have to be cautious about as that may signal a reversal. JPY crosses are still showing strong signs. AUD/USD is also looking weak.

GBP/USD on the other hand was very weak and fell. Further downside is to be expected when it breaks the bottom.

US Stocks

And the Dow Jones Index broke and closed just above 14,000. Can it maintain above the level or will it  just fall later?

Alcoa still in a ranging stage. Looking for a good buy.

Amgen went down briefly before bouncing back to resistance. Was looking at a bearish stance the last time I reviewed this stock. Will still maintain bearish lookout.

Wells Fargo maybe looking for a long. But will be still uncertain. Long outlook.

Singapore stocks

NOL is going down. Wait till it is supported. Shipping stocks were pretty weak.

Ezra is looking for a buy.

Beware of property stocks.

Genting SP was consolidating and indeed BBs has bought the stock up. Will it continue to go further?