The Weekly Review: Making Yen Cheap

We had a very big rally this week thanks to the BOJ. JPY crosses were explosive. EUR sets for a comeback while the AUD/USD looks bearish. AUD now looks stuck at the support waiting for the breakdown. USD/JPY might continue to rally as it broke out of the high.

US Stocks

Seems the Dow Jones Index fell last night and recovered. Still stuck in a consolidation range.

Has Amgen finally reached the top?

Singapore Stocks

Singapore stocks looked very weak on Friday with most stocks plunging down.

Genting on the lifeline.

Properties looking weak.

But REITS are still going strong.

Commodities

Gold had reached its major support and rebounded.
Let's take a look at the weekly.

Will gold rebound? Or will it breakdown and cause a gold panic?

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: 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?

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: We Survived The End of The World!

The EUR/USD and EUR/JPY has reached a resistance after a very satisfying up move. So one will have to wait for another test of low before buying in again. For those who are more speculative, one can short these two crosses as they hit a month resistance. My weekly timeframe is showing a bearish pinbar for EUR/USD. AUD/USD has tumbled down after 2 bearish pinbars. Congrats for those who shorted AUD/USD last week!

US Stocks

Seems Dow Jones Index has hit a resistance and coming down. Support was seen for Friday.

Wells Fargo failed to move higher after its support.

Singapore Stocks

Kepland had a freak rally on Friday going from $4 to a high of $4.26. I do not know what news came out for this stock but it was really a big one. After the high, profit taking by banks pushed it down to become a very big pinbar. Will it continue up more? Take some profit and I suggest waiting to buy another low will be better than buying the high. Profit from this stock would have netted you a handsome reward if you bought it at a low last month.

Time to short Osim?

For Wilmar, after a huge one day rise, it was pushed back down into a resistance zone. For the coming weeks one will need patience for this stock. Rewards will be very good if it manages to move up above.

Genting may be in consolidation mode. May have more upside.

Guess 21/12/12 was not the end of the world yet. According to the Chinese calendar, it is the winter solstice where everyone will gather together and have "tang yuan" soup. Well and according to some other sources about the Mayan lore, 21/12/12 marks the end of an era and comes a new age of "consciousness" which means will we gain new telepathic powers? Can we read minds and communicate without phones in the future? That will be exciting!

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?