STI at 2921, the Fibbonacci 50% mark, definitely a Resistance, just like Hangseng at 20600

Mr Hu Li Yang mentions the Box Top at 2921, which is the 50% mark between the highest point of the Bull Run and the lowest point reached 3 months back. Notice that STI is at that point now,today closing at 2918.

Same fate as Hang Seng Index. See my article below.

US Stock Tip - Informatica (INFA)

Let's watch this stock in US market guys. Informatica is a provider of enterprise data integration and data quality software and services. Recent earnings not that bad, earnings surprise by 2.5%. Trend may be turned, now breaking out of downward trend. Temporary resistance at $45. Most likely will break. May go in at $45.3. Recent Box Top at $42, Box bottom at $35.

Hang Seng Index - Will it stay above 20600, the Fibbonacci 50% mark, definitely a Resistance

Dear Friends,

HSI at 20600, like STI at 2920 has reached the 50% Fibbonacci mark, definitely a strong resistance. See how they perform at that level these few days!!!

Market Sentiment Indicator for 3 Feb

New York Stock Exchange Sentiment indicator: 72.82% (Bullish : Bull confirmed 7 Dec)
Nasdaq Sentiment indicator: 59.71% (Bullish : Bull confirmed 17 Jan)
S&P 500 Sentiment indicator: 81.60% (Bullish : Bull confirmed 5 Dec)   

(NYSE & S&P 500 Above 70% now. US may be due for a correction these 2 mths. Pls wait for my Bearish Signal)

Energy Sentiment indicator: 65.12% (Bullish : Bull confirmed 10 Jan)
Financial Sentiment indicator: 82.72% (Bullish : Bull confirmed 5 Dec)

A reading above 70 means Overbought condition. Pls note that entering position above 70 indicates Market Risk is high. You may want to play short term or lower your position size. If Bullish sign turns Bearish when reading is above 70 means you should liquidate positions.

Pls note that this is not a RSI reading. Eg. New York Stock Exchange Sentiment indicator measures how many stocks are bullish now for all stocks listed in NYSE.

US Stock Tip - Nuskin (NUS) breakout with Strong earnings!!!

Dear Friends,

I have been recommending this stock all this while, ever since a good friend of mine brought this stock to my attention since october. You know why? My friend who is a distributor of Nuskin, a MLM company, tried to recruit me into the company telling me about how good their new product is, the revolutionary product that can make you young. It is called NewageLOC® Anti-aging Products. 

It has been calling all their distributors around the world to buy the stock and  recruit new members. That is the reason why its stock keeps going up, its sales are good, and their CEO raises their next quarter earnings guidance. I believe this stock is playable this quarter! It will be my top 10 stocks.

I did not join Nuskin or my friend after that, but this stock makes me quite a lot of $. Ha, it teaches me a lesson. Always take note of everything happening around you!

U.S. stocks rise on global manufacturing data

Dear Friends,

Bear in mind, the word is "GLOBAL". Starting from China,  to Europe.

China’s official Purchasing Managers’ Index (PMI) is 50.5 in January, beating analysts’ expectations of 49.5 in a poll by Dow Jones Newswires.

German Purchasing Managers Index rose to 51.0 in January from 48.4 in December, slightly beating consensus expectations. 

The euro-zone PMI rose to 48.8 in January, which was above the estimate of 48.7

In the U.K., PMI rose to an eight-month high of 52.1 in January, beating estimates of 50.1

Yesterday, US market choose to ignore the estimates miss by the ADP employment and ISM data because of the good PMI data globally and of course the IPO of a potential powerhouse stock Facebook (FB).

In US, the ADP employment report is 170K, missing the estimates of 189K. ISM is 54.1, missing the estimate of 54.6.

Though the market seems bullish for now, I continue my view to wait for the employment report on Friday and to trade with caution this February. 

Regards

Daniel

Market Sentiment Indicator for 2 Feb

New York Stock Exchange Sentiment indicator: 72.33% (Bullish : Bull confirmed 7 Dec)
Nasdaq Sentiment indicator: 58.98% (Bullish : Bull confirmed 17 Jan)
S&P 500 Sentiment indicator: 80.60% (Bullish : Bull confirmed 5 Dec)   

(NYSE & S&P 500 Above 70% now. US may be due for a correction these 2 mths. Pls wait for my Bearish Signal)

Energy Sentiment indicator: 60.47% (Bullish : Bull confirmed 10 Jan)
Financial Sentiment indicator: 81.48% (Bullish : Bull confirmed 5 Dec)

A reading above 70 means Overbought condition. Pls note that entering position above 70 indicates Market Risk is high. You may want to play short term or lower your position size. If Bullish sign turns Bearish when reading is above 70 means you should liquidate positions.

Pls note that this is not a RSI reading. Eg. New York Stock Exchange Sentiment indicator measures how many stocks are bullish now for all stocks listed in NYSE.

Forex Trade on EurUsd (01 Feb 2012)

We have just completed a trade on EurUsd on Long at 1.3125 with Stop Loss=20pips and Target Profit=40pips. Price moved in fast pace today, we have yet to post the trade and hit our Target for +40pips today! See the attached chart. Cheers!

Market Sentiment Indicator for 1 Feb

New York Stock Exchange Sentiment indicator: 71.34% (Bullish : Bull confirmed 7 Dec)
Nasdaq Sentiment indicator: 58.33% (Bullish : Bull confirmed 17 Jan)
S&P 500 Sentiment indicator: 80.00% (Bullish : Bull confirmed 5 Dec)   

(NYSE & S&P 500 Above 70% now. US may be due for a correction these 2 mths. Pls wait for my Bearish Signal)

Energy Sentiment indicator: 60.47% (Bullish : Bull confirmed 10 Jan)
Financial Sentiment indicator: 81.48% (Bullish : Bull confirmed 5 Dec)

A reading above 70 means Overbought condition. Pls note that entering position above 70 indicates Market Risk is high. You may want to play short term or lower your position size. If Bullish sign turns Bearish when reading is above 70 means you should liquidate positions.

Pls note that this is not a RSI reading. Eg. New York Stock Exchange Sentiment indicator measures how many stocks are bullish now for all stocks listed in NYSE.

EurUsd Trade Update for 31 Jan 2012

Yesterday, the price failed to retrace below 1.3150 after we posted the trade and move upwards to another level. We have taken a Buy position at 1.3175 and taken 20 pips profit out from market before price collapsed after US PMI data released.

Stay tuned for today's upcoming signals in Forex trading!

Cheers!

Chicago PMI miss forecast badly today... Doesn't look good for ISM 2moro.

Dear Friends,

As predicted, Dow resistance at 12700 seems hard to beat. It remains so today. At this current moment, Dow is at 12611. Be wary of STI between 2900 and 3000. 3000 is a strong resistance. I have explained what it takes for Dow to climb over 12900 last week, just like STI needs to climb over the 3000 hurdle.

For that to happen, US Economical reports from today, Tuesday to Friday is important. However I don't see this happening today. Dow dropped to red after Chicago PMI reports a figure of 60.2 compared to analysts' estimates of 63.1. Chicago PMI is a monthly measure of the business conditions based on surveys of purchasing managers across Illinois, Indiana and Michigan. It is important because it precedes the more anticipated ISM report on Wednesday.

IF ISM misses expectations tomorrow, it would mean that we should not expect good results from any Enterprise Reports that will be released in February. That would not be good for this overbought market.

Tomorrow, we not only have the ISM report, we also have to pay attention to ADP employment report, a precursor measure to Friday employment reports.

Hence I encourage all NOT to take up ANY NEW positions until this Friday after US open, where the all important Non-farm payroll and Unemployment Rate will be released.

Rgds Daniel
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Btw, I will be having a  FREE LIVE TRADING workshop & preview:

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I would show you how to trade LIVE in the US market, how I gauge the market before market open, do any preparations and execute my trade. LIVE!!! 

on the 6th Feb, Monday.

Do recommend your friends to this workshop! (Please do not bring laptop for this event)

Date: 6 Feb 2012, Monday
Time: 7.30pm - 11pm (Pls stay till 11pm). Do not bother about the late hrs. More will be lost if u watch TV at home.
Venue: 141 cecil street, Tung Ann Association Building
            #07-02 S(069541),
            Tanjong Pagar MRT exit G, walk straight 80m, opp traffic light

For Registration: Pls email <Name><Email><HP><Date><No of seats> to rafflesbusiness@gmail.com   or    SMS <Name><Email><HP><Date><No of seats> to 93676623