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Monday, October 15, 2018

DLC webcast: HSI is trying to find support at 25500

PBOC Governor, Yi Gang says central bank is considering a range of risks in its currency policy, including a worst-case scenario. RMB has normal volatility, to stay in reasonable range and now is at a “reasonable and equilibrium level. Hang Seng Index gapped down nearly 200 points and found the support at around 25,500 points level.

Click here to watch this week's DLC webcast. 


All posts and charts are for educational and illustration purposes only
Tuesday, October 9, 2018

Thomson Medical - warrants back in-the-money

The price action of Thomson Medical (TM) looks interesting these few days. With the existing TM Warrants expiring in April next year, the price of TM has now returned to $0.09, which is the exercise price of TM warrants.

If the price stays above $0.09-$0.095, there could be an opportunity for shareholders to arbitrage by selling their shares and convert their TM warrants into shares at $0.09 in order to receive the piggy-back warrants, which only expires in 3 years. Exercise price of the piggyback warrants is $0.12.

For the piggyback warrants to be listed, 100 shareholders have to exercise their TM warrants. From TM's point of view, investors exercising the warrants will be an important source of funds for its projects.
All posts and charts are for educational and illustration purposes only
Thursday, October 4, 2018

Inflection Point

As the US indices tested their all time highs recently, we are seeing signs that the US market could be due for a major correction soon. Here are 3 signs that the US market is at its inflection point.

1) The US Dollar Index is poised for a breakout from its resistance at 95.7, towards the previous high of 97.


2) US 10-year treasury yield is testing the upper trend line of the channel and could be on the verge of a break out.

3) The Semi-conductor Index is forming a double top, and could break down soon.






All posts and charts are for educational and illustration purposes only

Best Buy Inc (BBY) - First Bearish Bar ! This stock could also have hit its long term peak and a major reversal of trend could be expected !


All posts and charts are for educational and illustration purposes only
Tuesday, October 2, 2018

DLC Webcast - China Weaker PMI numbers added more selling pressure

China Weaker PMI numbers showed 2 gauges of activity in China’s manufacturing sector worsened in September, reflecting the nation’s economic slowdown and the fallout from the trade war with the U.S. Hang Seng Index dropped back to the 10D and 20D SMA and now is trying to stabilize at around 27,300 points level.

Click here to watch the webcast: https://dlc.socgen.com/en/webcast-inside.php?id=40


All posts and charts are for educational and illustration purposes only
Friday, September 28, 2018

Italian Politics Will Shake The Markets

Italy Politics Will Shake The Market

With the focus on Trump’s Trade War  and its  potential fallout in other emerging markets, traders forgot about the Italy and the Eurozone. Yesterday the Italian Government agreed to a 2019 budget deficit target of 2.4% of GDP that could bring it into direct conflict with the European Union. It will now begin its passage through Parliament before being presented to EU by 20 October 2018.

This blog believes that the current Italian government is
likely to trigger a renewed existential crisis in the Eurozone
Compared with other countries in eurozone ,  Italy has recorded almost no growth
since the formation of the euro at the beginning of 1999. Italian real GDP has risen by only an
annualised 0.4% since 1Q99 and is up only an annualised 0.1% in real GDP per capita terms over the
same period.
While pundits are worried about  Trump-triggered trade war, rising interest rates or overvalued
Wall Street FANG stocks Ths blog believes that a systemic event in financial markets is more likely to be
triggered by Italy and the Eurozone . Still, they are all interconnected phenomena since, for example, a renewed focus on the existential risks in the Eurozone is likely to put renewed downward pressure on the
euro which will then lead to strong  US dollar.
This will in turn make it more challenging emerging countries to pay their debts. Similarly, an escalation in trade wars are likely to drive the  US dollar higher.

For now this blog is short on the Euro dollar and the Dax in anticipation of a renewed existent crisis in Eurozone in October
All posts and charts are for educational and illustration purposes only

Cosco Shipping- broke out of downtrend. Could something be brewing?

Parent company Cosco Shipping Port (1199.hk) was up 6% today, on the highest volume in two years. Cosco Shipping Singapore (F83) has also broken out of its long term down trend, and is currently testing the resistance of $0.415. Could something be brewing? First target is $0.445, followed by $0.47.


All posts and charts are for educational and illustration purposes only
Thursday, September 27, 2018
Tuesday, September 25, 2018

The MSCI Spore Index (SIMSCI ) Future - Volume Could Have Peaked Today, It Could Fall Soon!

The MSCI Spore Index (SIMSCI ) FUTURE -
Peak Volume  and  Price Decline Correlation
In the last 6 months, Peak Volume in SIMSCI has been followed shortly by Price Decline. Today the SIMSCI volume seems to be peaking! Another Canary In The Gold Mine?


All posts and charts are for educational and illustration purposes only