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Friday, January 20, 2017

US 10-Yr Treasury Yield

Bouncing of the 50 days moving average. The world awaits Trump's inaugural speech tonight. Announcement of aggressive tax reform fiscal stimulus and protectionist policies will cause yield to test the last high again and the dollar index will spike. This blog believe Trump's policies will ultimately push the yield to 3 % which is where stock and bonds will collapse in unison.


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Wednesday, January 18, 2017

Yoma

Ripe for the next run up. Consolidated on a narrow downtrend since Aug last year. Could break out soon, watch for it.


Breadtalk

Consolidating for the next push up. Supported at 1.15 for past 1 month. Next push will take it to 1.23 and 1.27 respectively.


Tuesday, January 17, 2017

Dow - Buy on Trump's election Sell on Inauguration?

Dow has been trading sideway as itawaits the outcome of Trump inauguration on 20 Jan. If Trump disappoint in his inauguration speech, the unwinding of crowed long trades could be fierce. A decisive break below 19730 will bearish an could take the DOW down to 19240.


Monday, January 16, 2017

Comfort Delgro

Will CDG cut cab rental to prevent their drivers from hopping to the other taxi company who have already slashed their rates. Although some research houses has argued that CDG is unlikely to cut rental because their taxi idle rates is low, this blog believe that CDG faced a real test this month when taxi drivers will decide to stay with CDG after they receive their quarterly incentives. n the chart, CDG broke its strong support 2.51 to close at 2.49. It should visit its next support at 2.44 and 2.40 shortly with eventually target at 2.18.


Thursday, January 12, 2017

STI

Short term price target reached, could retrace to 2965, a break below this level could bring the index to 2890 before any meaningful rebound.



GL

Formerly Guocoleisure - With attention on M&A play focused on GLP and UE, another old favorite M&A play GL looks to have bottomed at 0.74 and is making its way up. It could test 0.815 in the near term, any break above 0.815 could signal a return of another speculative M&A run.


Monday, January 9, 2017

What Could Move The Market This Week

President-elect Donald Trump makes his first postelection news conference Wednesday, and traders are looking for more details around his election promises. The return of inflation and a fiscal stimulus in the USA could herald the end of the central-bank leadership and the start of central government dominance. Trump is like reiterate is inflationary and pro growth policies that could take the market higher.

The start of fourth quarter earnings seasons could test the market rally. Friday is especially significant with earnings report of JPMorgan Chase, Bank of America, PNC Financial,Wells Fargo, BlackRock

Also important economic data of Retail sales, PPI and  Consumer sentiment.

Thursday, January 5, 2017

STI

Tested 2966 for the 4th time today. Likely to break out this time to test the 3000 levels. This blog believes the run up to Trump's inauguration on 20 Jan could be the last bull leg for this quarter before the earnings reporting kicks in later this month. Buy on election and sell into Inauguration of Trump could be a good idea.