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?

The Weekly Review: Volatile Week

It has been a volatile week for the currency markets as there is fierce fight between USD, Euro and JPY. Right now EUR/USD is continues its bearish stance while EUR/JPY has rebounded. AUD/USD is in a very volatile mood.

US Stocks

The Dow Jones Index has been making volatile movement lately, trying to maintain above 14,000 pts.

Amgen made an outstanding rally.

Singapore Stocks

Techcomp seems like a good entry.

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.

The Weekly Review: A New Trend

The Euro continues to be moving up after the retracement last week. Congrats for those who have bought on the low. EUR/USD had a pinbar on Thursday which then broke out of resistance on Friday. EUR/JPY is abit hovering on resistance, currently showing a bullish pin bar which signified that likely more upside is possible. If you look at the monthly chart of both EUR/USD and EUR/JPY, you would see that the trend is changing to bullish. It just needs to break out of the monthly resistance. On the other hand, AUD/USD is having trouble breaking up as you can see the repeated bearish pinbar. It does not mean that a good short is coming as it might be trying to breakout of a very strong resistance.

US Stocks

Wells Fargo is looking good for a long. This stock is also one of Warren Buffett's stock portfolio. In this case the call for upside is because of technical reason not investment.

Singapore Stocks

Yangzijiang is looking for a good long term upside if it manage to maintain its support.

But Cosco Corp still remains weak.

Genting SP broke out of its resistance, hence there is huge buying. Hmm.. will gambling stock continue its bull?

The Weekly Review: It's December!

The EUR had a very small short before it is rocketed up again by news that the fiscal cliff will not be a big problem. Hence you can see the supporting pinbar on the EUR/USD. EUR/JPY now sports a small pinbar from Friday's trade. However long term wise it is still a long for EUR crosses.

US Stocks

Google has been recovering from its big selldown.
US will likely still head higher till next year unless the fiscal cliff problem is not solved and will hit stocks hard. Very hard.

Singapore Stocks

Is Yangzijiang ready to move up or will it still hit a ceiling?

 Yet NOL and Coscocorp had a very big selldown on Friday. Is it a trick by the BBs?

Property stocks continue its run up. Capitaland, CapMallsAsia, Kepland, Yanlord are all moving up.

GLP has caught my eye as it had a very big bearish pinbar indicating a probable end to its bull run.

Euro looking bullish again?

A very strong bottom formed for the EUR/USD. It just refuse to break and keep bouncing up. Again wide swings for the market and it's ranging.

Action-Reaction

This is what I call an action-reaction. Consolidation, rejected off the support, then a breakout.

Edit: I see shorting on EUR/USD. So beware of your longs.