The Weekly Review: Singapore stocks are rallying

Eur/usd has broken out of consolidation and has a rally. EUR is strong here. However, Aud/usd is looking weak, continuing with it's drop. More upside for EUR.

US Stocks

Apple had a big gap down on opening as investors get emotional and continues to sell.

Wells Fargo might be looking good for a long.

Singapore Stocks

STI will continue to rise and break new highs. It had formed a pinbar which signalled a bullish movement.

Genting SP is currently in consolidation mode. Might be gearing up for CNY.

Seems property is not going to fall, Capitaland and Kepland continues with their buy up.

The Weekly Review

Forex market is still in a very volatile mood. EUR/USD seems to be in a consolidation. GBP/USD is down. AUD/USD seems to be having a hard time keeping afloat. A downside bearish is favored for AUD/USD. USD/JPY still continues to be bullish as with other JPY crosses.

US Stocks

Dow Jones Index still continues to push up.

Amgen breaking down from its support. Looking bearish.

Singapore Stocks

Property stocks opened with a gap down on Monday after the released of cooling measures last week. But it went up after that as shortist were caught by big players who managed to push up the stock. Too bad for shortists, they probably got burned if they didn't have time to take profit. But we shall continue to observe if the property sector will sag or continue it's bullish run.

The Weekly Review: New Cooling Measures on Singapore Property Market

The Euro continues to show strength as AUD falters after much struggle up. The huge bar rally was on Thursday where rate of the Euro was announced. Certainly drove the Euro and markets up in just a few hours. A really good and quick profit for those who traded the breakout of the consolidation. We shall see how it goes next week. EUR is still certainly bullish.

US Stocks

Dow Jones continues its rally up for 2013.

Alcoa drops. Wait for that support.

Amgen continues to be supported. But it seems to be at a top.

Singapore Stocks

The Singapore Government just announced another cooling measure to prevent excessive speculation of the property market. There has been alot of new ECs building up in Singapore and people are flocking to buy a piece of it, which makes me wonder if people can really afford it? The reason behind this is that the continuous selling of the investment idea of renting out your property and obtaining passive income from it is causing the balloon of money pouring in. There has been word also that some foreigners are buying these properties to hide their ill-gotten gains rather than depositing into a bank, lessening the chances of being caught by their own country's taxman. The news about the new cooling measures was announced on Friday. So it will be a wild guess if the property stocks will tumble on Monday since there will be a weekend for people to digest the news. Of course the first people who got the news on Friday are the big players and insiders. Let us take a look at the property counters:

Capitaland was down of Friday after the continued rally.

Kepland was also in a continued rally after the huge profit taking.

Yanlord seemed to hit a resistance.

So we shall see next week on the direction the property counters.

One more thing.

Yangzijiang had a good rally since my last post. Congrats on those who longed.

The Weekly Review: Start of a Good Rally?

The forex market is a bit funky as the price just keeps moving higher. There was a drop for the EUR, then it went higher after the NFP report. EUR/USD will have to wait for the direction whether will it go up or down. Watch for GBP/USD as it might go bullish again.

US Stocks

Really big rally for the DOW as I am guessing the public who shorted were caught off guard during New Year Eve. Probably it will continue to rally up.

Bought the bottom for Alcoa? Might be a good time to buy for this stock.

Singapore Stocks

CapsMallsAsia is really strong for the year since its low. Buyers will have to start to beware.

Kepland had an amazing performance for Dec. Now is will it go higher? I'll rather wait for a correction.

When Olam got into trouble where public were so nervous and dumped the stock. Notice there was a capitulation where Temasek pledge to buy Olam's stock? People were so skeptical about it? Traders who know how to spot turning points do not care about news as news are just to manipulate the public. Guess what? A very big reward for those who spotted the bottom and bought the stock.