Tuesday, 30 July 2013

Nikkei weakness these few days may have halted, so does local indices?

Dear Friends,

The recent Asian indices weakness may be attributed to Nikkei weakness. Nikkei recently touched a high of around 15000 peak which I mentioned as a temp resistance. The best place to short Nikkei is definitely at 16000. Now it is at 13875. It has dropped 1000 points since the 15000 peak.

Of course, Nikkei is now one of the most exciting trading index now the world follows. If you are looking into Asia, we better pay attention to Nikkei too. We think that recently quite a few singapore stocks went down a bit because of this weakness in Asian indices. STI reaches a high of 3280 before retracing to 3241.

But having said that, we feel the short term bull run is intact. Nikkei will once again revive itself after running like a wild horse from 12200 points.

Today looking at our chart based on our Cash Ringing System (a system to identify short term trend), Nikkei short term downtrend these few days may have halted. This is good news for short term players. Look at our chart below.



We think that STI should pick itself up to head for 3300 again, should there not be any big problems to US's non farm payroll this Friday. Please pay attention to it too. It shall reveal how the QE episode is heading too.

We shall also give our prediction for Non farm payroll in our blog soon... stay tuned.

Rgds
Daniel
www.danielloh.com

Radio FM958访谈 2018年11月15日:世界股市展望 - 现在是熊市吗?

·         美国 股市担心苹果业绩,巴菲特却大胆投资! 道琼斯昨晚闭市在 25080 ,掉了 205 点。在这 10 月 11 月道琼斯的波动都相当大。有很多投资朋友开始怀疑熊市是不是已经来临了。我的答案是还没有。这个跌幅反而是好时机进场。大家不用太担心。 ...