The Weekly Review: Another Volatile Week

EUR/USD rebounded in the week and it was a very volatile week with major downs and ups. We are still waiting to see if it will break down below. EUR/JPY remained flat with a slight bearish bias. AUD/USD continued on the bearish slide and more will come.

GBP/USD might return to the upside based on the 4H chart.

US Stocks

Dow Jones Index exhibiting a bearish pin bar but market is still trying to support it. Will it be the end of the rally?

While Wells Fargo continues its rally.

Singapore Stocks

Most of the stocks in Singapore fell especially properties and REITS. Was it a panic sell by retailers or the real selling has begun?

Commodities

Gold is still on the whipsaw. Likely on bearish side.

The Weekly Review: The Aussie Slide

The week ends with AUD/USD being the biggest down. After breaking out, many were waiting to sell this as there is no more reason to be bullish on the Aussie dollar. EUR/USD followed suit but at a weaker pace. EUR/JPY continued its upside after a bullish flag.

GBP/USD looks for more downside after a surprise reversal when it looked bullish on the monthly timeframe. More downside to be expected though I am hoping for EUR to break down more than GBP.

US Stocks

Sell in May and go away? Dow Jones Index continued to rally. And if May's selldown did not come true, next year's selldown will be the worst.

Apple due for a rise in the upcoming WWDC?

Singapore Stocks

First Reit rebounded after its selldown. Look for signs of double top.

Tech Oil & Gas finally ended their selldown?

Commodities

Gold certainly wasn't showed any love as it completely sold down in the week. Watch whether it will break out of its support or rebound if you managed to spot a big pinbar which was triggered by massive buying of gold by retailers or bargain hunters.

The Weekly Review: 6 May - 10 May

AUD/USD has a straight down week as it has breached the support and also with the rise of USD. More downside might be expected after a retracement. EUR/USD is still in a consolidation stage but the bias is still downside.

USD/JPY has broken through it's resistance after a consolidation making it more than 100 yen per dollar. Will there be more upside?

US Stocks

Dow Jones Index continues to move higher.

Apple at a turning point.

Singapore Stocks

Wilmar is a likely candidate for a good investment.

The Weekly Review: 29 April - 3 May

Forex

The week has still ended volatile and flat as JPY crosses had a big down and then a big up. EUR/USD has not made any direction at all as it is still struggling with a resistance. Same for AUD/USD who is on support.

GBP/USD might be continuing upwards for next week.

US stocks

Dow Jones Index has made a new high hitting 15,000 after results from Non-farm employment. Is it the top?

Is Wells Fargo ready for turn down?

Happy Labour Day! The REITS Bubble?

Happy Labour Day!

It is a day of rest for many of us working in the busy life. Today I will like to touch on something that is really hot right now in the Singapore stock sector: REITS. REITS have been around for quite a long time. They are a good bunch of stocks which gives good amount of dividends from the rentals they collect to the shareholders. Recently in this year, REITS have a tremendous bull with the on going of low interest rate and stagnation of growth stocks. The movement of REITS have been so great that it seems to look alot like a bubble. As the news spreads among investors and recommendations by investing programmes, people are buying up on these hot stocks as rentals are on a rise in Singapore and many more shopping centres are opening. REITS are certainly a good investment when you can get their stock price at the low and at the same time collecting dividends. When the stock price rise, you can even sell them at a profit. However right now, they are looking expensive and probably ridiculous looking at the charts. But how high can it go? I do not know. Here are some Reits that I have looked. Some are forming dangerous signals, some still have room to grow. Take a look, decide for yourself whether to get in the wagon or not.

FirstREIT. Wow this is parabolic! There's no correction for this stock as it just keeps going and going.

MapletreeLog. This stock has a steady growth, might continue on for this year.

CDL HTrust. This hospitality Reit might have reached it's top.

Ascendasreit. This one still has room to move. It's dividend given seems to be quite frequent.