Stay Up to Date with Robin's Market Updates

From 1 June 2018, live market updates from Robin will only be sent to subscribers via email.

To continue to receive the latest updates, please subscribe.

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
Friday, December 15, 2017

China Growth and Regulatory Scare - China Market Could Be Heading Down Going Into The New Year



China could face a short term sell off  caused by China’s deleveraging campaign with the renewed squeeze of the shadow banking sector implemented following the Party Congress in October. It has caused the 10-year renminbi government bond yield rising to 3.93% on Wednesday. The aim is  to  squeeze out  shadowy loans and encourage more loan growth to the real economy. China Securities Regulatory Commission (CSRC) recently suspended approval of new mutual funds that plan to allocate more than 80% of their portfolio to Hong Kong-listed equities. It could result in a short term cooling of South Bound fund inflows, further aggravating by the normal seasonal decline in A share trading volume in the run up to Chinese New Year in 16 February.
Indeed that growth scare has already begun, The Caixin/Markit manufacturing Purchasing Managers' Index came in at 50.8 for last month — the lowest level in five months Economists in a Reuters poll had expected the index to read 50.9 for November, lower than 51.0 the previous month.

On 27 Nov, this blog predicted that the Shanghai A Index has peaked and is due for a sharp correction just from a technical perspective . Indeed the Shanghai Stock Exchange A Index (SSE A) underperforming the MSCI Asia Index and trading at a 5 month low. The SSE A index has broke its uptrend channel line, with immediate support at 3445 , its is likely to trend lower in the near term towards 3355 and it will drag the Hang Seng lower. 
All posts and charts are for educational and illustration purposes only
Friday, December 8, 2017

Metastock Xenith Platform - 9 Dec 2017

Hi there!

I will be organising a MetaStock XENITH Platform Training session on 9 December 2017.

Details of the session below:

  • Date: 9 December 2017 (Saturday)
  • Time: 9am - 12pm
  • Venue: International Plaza #36-05A

In this session, Kian Ann will cover more in-depth on how to use the different applications within MetaStock XENITH, including:

  • Monitor
  • Charts
  • News
  • Time and Sales
  • Company Overview
  • Economic Monitor
  • Rebasing Chart... and more

The session is free, so do come on down to learn more about the power of MetaStock XENITH.

If you have attended this training before, you can re-attend as a refresher.

You can register for the session here: https://www.tradingkungfu.com/xpt


All posts and charts are for educational and illustration purposes only
Thursday, December 7, 2017

Santa Claus Rally or Year End Meltdown?

The traditional year end buying could mean that the "Santa Claus Rally" is still on the cards.

However, the selling pressure of late for technology stocks may continue, as after taking a closer look at the Republican tax bill, tech companies could be hit harder by the corporate Alternate Minimum Tax (AMT). This measure was removed from the House tax rule, but included in the Senate bill, and it must be resolved before the overall plan is passed.

A lot of stocks could be dumped in late December in order to be taxed under the old rules if the House bill keeps these penalties in place.
All posts and charts are for educational and illustration purposes only
Wednesday, December 6, 2017

Metastock XENITH Platform Training

Hi there!

I will be organising a MetaStock XENITH Platform Training session on 9 December 2017.

Details of the session below:

  • Date: 9 December 2017 (Saturday)
  • Time: 9am - 12pm
  • Venue: International Plaza #36-05A

In this session, Kian Ann will cover more in-depth on how to use the different applications within MetaStock XENITH, including:

  • Monitor
  • Charts
  • News
  • Time and Sales
  • Company Overview
  • Economic Monitor
  • Rebasing Chart... and more

The session is free, so do come on down to learn more about the power of MetaStock XENITH.

If you have attended this training before, you can re-attend as a refresher.

You can register for the session here: https://www.tradingkungfu.com/xpt


All posts and charts are for educational and illustration purposes only
Friday, December 1, 2017

Tuan Sing - Strong FA but TA Points To a Correction


Tuan Sing - UOB Kay Hian initiated a  "Buy" recommendation yesterday with a target price of 0.71 representing a upside target of more tan 70%. The report cited the potential of its huge $2.3 billion property portfolio in Spore and Australia bought a fire sales price and it is trading at 61.2%discount to RNAV and 52% of its book value. The fundamental reasons to buy this stock looks compelling and many investors jumped in  to buy in  the last 2 days as   evident in the massive volume traded which was the highest 2 days volume in the last 3 years. 
The Price Action, however suggest that this stock could have peaked in the short term and is likely to correct to 0.43 before it could attempt higher prices. 
If the 0.43 level is breached the stock could head south towards 0.36 which will present and excellent opportunity for traders to buy for a good rebound.


All posts and charts are for educational and illustration purposes only