Tuesday, January 23, 2018

Ying Li - Has it finally bottomed and turning up?

Ying Li - After a relentless downtrend from  2013 to 2015  followed by a rangebound trading between 0,13 and 0.20 from 2015 to date, is the stock finally turning up?  The share price jumped 15% or 0.024 to close at 0.178 following news of its proposed divestment of Ying Li International Commercial Centre to China Evergrande for Rmb3.29b. The company is expected to realise a disposal gain of Rmb 343m. Today the stock spiked up after a off market married deal of 153.4m shares changed hand at 0.135. Who took the block of shares?  This suspense is adding to the bullish sentiment today , on the chart it looks like this stock is poised to test its next resistance at 0.194 followed by 0.21. A break above 0.21 should herald a start of a new uptrend for this stock with targets of 0.24 and 0.28. An estimated NTA at 0.40 also imply it is attractive at current price.
All posts and charts are for educational and illustration purposes only
Friday, January 19, 2018
Semcorp Marine  - Old rumour of Sembawang Marine potential privitisation or divestment of Sembmarine by the Sembcorp Industry  and Nomura upgrade to target 2.70 cause the share to race to 2.30 from 2.10. Like they say there  is `No Fire  Without Smoke",  it could go further up to 2.38 and retrace to 2.23 , this will be a good level for an entry  to ride this trend. This blog maintain a price target of 2.56 in the medium term.
All posts and charts are for educational and illustration purposes only
Wednesday, January 17, 2018

Testimonials - Day 2 and 3 of Robin's MTM Course

We are into the third day of Robin's Master the Markets (MTM) course. Glad that the students are enjoying the course and have benefited from. Check out the testimonials by Zavier and Daniel!



"This is only the second day of the course, and I have already learned many strategies which are applicable to the market. I plan to start trading after the course and I am confident I am going to make money this time!"





"This is the third day of the course about price action. In the course, I learned about the concept of price and the concept of volume. With these, i can put together a trade plan, which I can use to determine the entry point and exit point. It is really a life skill learned. I am looking forward to the rest of the course!"




All posts and charts are for educational and illustration purposes only
Monday, January 15, 2018

Robin's DLC Interview for Week of 15 Jan 2018

Hi everyone, Robin's interview with Soc Gen about trading the Hang Seng Index DLC is live! You can check it out here:

https://www.tradingkungfu.com/c/dlc/

All posts and charts are for educational and illustration purposes only
Wednesday, January 10, 2018

Nasdaq - Its Time To take a Breather!


All posts and charts are for educational and illustration purposes only

STI - A Correction Is On The Cards!

In this current super bullish environment where the bulls runs rampant and bears of any kind nearly wiped out, it's takes a  brave bear to say the market is due for a correction. Looking at this tradeplan which has served this blog  for the last 6 months with distinction.  This blog can't help but say that STI is due for a correction in the near term. STI nearest support is at 3490, a break below this level will bring the index to 3465 ,3425 and 3395. The current bull market is undermined by the successful passage of the US reformed tax, synchronized global GDP growth, low inflation and a depressed USD. This week investor need to watch the PPI and CPI figures coming out of US on Thursday and Friday. Analyst is not expecting any increase in the figures but this blog believes that with the tight job market and the rally in commodity prices, it is only a matter of time inflation will surface to jolt the bull.

All posts and charts are for educational and illustration purposes only

Robin's Interview on Hang Seng Index DLC - Week of 9 Jan 18

Hi everyone, Robin's DLC interview with Soc Gen is live! You can check it out here:

https://www.tradingkungfu.com/c/dlc/



All posts and charts are for educational and illustration purposes only
Friday, December 29, 2017

US Dollar Weakness - Creepy

The market had expected that  passing of the Trump's US Reform Tax will mean the USD will rally more and the US yield curve will steepen further, instead we are seeing a creepy USD weakness and the US yield curve flattening with the US 10 Year treasury yield coming down. The markets are clearly showing scepticism about the long term stimulative effects of Trumponomics trade. This blog base case on the dollar index is that sooner rather than later  to test will test  its 3 year low at 91.0, This will trigger more fund flow to Asia and the emerging markets. This blog remain a bearish on the dollar maintaining a sell into strength until the Dollar Index hit 0.91.
All posts and charts are for educational and illustration purposes only
Thursday, December 21, 2017

US 10 Year Yields Treasury Climbed To 9 Month High

US 10 Years hits 9 months high and the chart looks  like climbing higher staying firmly above the 100 days MA. The yield is at 2.49% , if it hits the year high at 2.62, the Reits, Telcos  and yield stocks will start to hurt , rising rates while boosting the banks will cause Technology shares to come under profit taking. The rise in yield is caused by the passage of the US reform tax bill in anticipation for faster economic growth and added supply of bonds to finance the impending budget deficit. If energy prices which is inflationary  continues to rise bond yields will continue to accelerate upwards. 
All posts and charts are for educational and illustration purposes only