Monday, April 18, 2016

Market Updates 18 April 2016. Index, Oil, Gold




US market
Last week US market remain bullish, cumulative weekly return for Dow jones is up 1.82%, Nasdaq up 1.8%, S&P 500 up 1.62%. For US index, we still dont see price turning around yet, hence we are still holding on to stocks.Oil future show weakness as of today we are in the 4 consecutive down day. This is usually a bearish sign when we see 4 consecutive down days out of 5 trading day, it show that people are selling. Oil fall to the low of 37.61 this morning but have rebounded during Asia and Europe trading hour.
周五美国股市小幅收低,道指跌0.16%,能源与科技股领跌。本周累计,道指上涨1.82%,纳指涨1.8%,标普500指数涨1.62%。
原油期货价格周五收盘下跌2.8%,连续三个交易日走低,原因是交易商正在期盼定于上
周日召开的多哈会议,各大产油国将在此次会议上讨论冻结原油产量的问题,目的是帮助拉升油价和缓解全球原油供应过剩压力。多哈会议结束冻产协议未达成原油期货开盘再跌5%
Fed Meeting
In March 17 Fed meeting did not increase the interest rate, and Fed announce that the rate hike will be 2 time this year instead of 4 time. The next Fed meeting is on 26-27 April, most likely there will not be a rate high this month but we will hear Fed talking about the likelihood of rate hike in June. Though most investor think that Fed will not increase interest rate now, but the Unemployment rate is at 5% now and non farm payroll and CPI result is good, base on the data, economy in recovering. Fed have the reason to talk more about the plan to rate hike in the upcoming meeting on 27 April. 
3月17日美联储会议最终不加息并对未来加息次数预期降为2次. The Fed’s next meeting is April 26-27. 4月联储会议将讨论未来6月加息的可能性,目前市场一致认为美联储加息概率较低,不过目前美国失业率维持在5%及以下水平,非农就业的数据也持续表现强劲,核心CPI持续维持在2%以上,国际市场较为稳定 投资者需要提防4月27日会议发布偏鹰派言论。

Singapore market current at a overbought position, most stock already up and on a high side. This means the risk of a correction in May is likely. I will put 2800 as a point to tell if STI turn around, if it break below 2800 then that is a point to close more position, otherwise will continue holding.

Ezra report big losses last friday, i think oil companies will still report bad result this quarter as last quarter the oil price was at the low, be cautious on this.
this week focus on quarterly corporate earnings result with blue chips such as Keppel Corp, Singapore Exchange (SGX) and Hutchison Port Holdings Trust issuing their financial reports this week.

Malaysia Market - Bank is strong with as malaysia ringgit recover, most other stock did not have a big move since march, except for Airasia, export sector still weak but is forming a support level, possible a rebound at current level. If you see bank start falling and export sector start recovering, then its time for entry.

Gold
Gold is currently the biggest winner, since January Gold price up more than 15%
What about Gold miners?
You probably win more with the Gold miners as they have fallen to pretty low level in the past few years. Some of them like DRDgold(Market cap 192Million) has just gone up more than 300% recently and Barrick gold(Market cap 18Billion) gone up more than 100% since January.



If you want to know more, check out our weekly Free seminar below.

Time Tested Strategy For Trend Trading in Stock and CFD
Date: 21,28 Apr 2016 (English), 29 Apr 2016 (Chinese)
Time: 7pm - 10pm 
Venue : #34-07, 10 Anson Road, International Plaza, Singapore 079903


Tuesday, April 12, 2016

Riverstone - breaking out of consolidation?


After the big selldown in January 2016, Riverstone went into a consolidation phase in Feb and Mar. The sell down was due to the sudden strengthening of  Malaysia ringgit during that period, where all the export sectors in malaysia also fall during the same period. Gloves companies like Harta, Kossan, Karex, SuperMx all had the same pattern. As we see Riverstone recovering this few day, it is a good sign that we could be right on this (again). To get more confirmation, do also watch the few other glove companies in malaysia to see if they move in tandem, if they did, you better dont miss the run!

Previous post on Riverstone

Riverstone to Continue uptrend? - Tuesday, July 15, 2014 - It was just $0.465

Andy Yew Live interview on 938Live - Friday, January 30, 2015 - It was just $0.575


Free Seminar-

Time Tested Strategy For Trend Trading in Stock and CFD

Date: 14 Apr 2016 
Time: 7pm - 10pm (English)
Venue : #34-07, 10 Anson Road, International Plaza, Singapore 079903

Friday, April 8, 2016

Singapore Stock Market Updates 8 April 2016

Singapore market Open low this morning following the weak closing of the US market, dow jones close 174 point lower last night, but during the day the straits time index index manage to recover more than 20 point losses and close flat at 2808. This was mainly due to the strong recovery of oil price trading in the Asian market, oil was up 3.5%. Blue chip oil stock are among the top gainers today.

Next Thursday April 14. ,Monetary Authority of Singapore will announce its semi-annual monetary policy decision, the Monetary Statement will be release at 8am in the morning, MAS is expected to keep policy steady at next week's review, but a number of economists say a further easing this year remains a distinct possibility in the face of slow growth, low inflation and depressed global demand. Investor can look out for MAS policy to allow Sing dollar to be strengthen, if Sing dollar strengthen, this will benefits the bank stock. If MAS policy is to slowdown Sing dollar strengthen, then the news will be bad for Banks stock.

Singapore bluechip seems to be in a profit taking period after the rally in march. Right now, i am watching the Rubber glove sector. right now there is 2 stock listed in singapore, UG healthcare and Riverstone, over the past few both have fallen due to the Strengthening of Malaysia ringgit which affects all the Glove stock in singapore and malaysia. As Ringgit start weaken this few day, we see Glove stock might have chance to come back again.


Free Seminar - Capturing Current Market Opportunities - Meet Fund Manager and Head of ETF Research

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      Mr. Matthew J. Arnold, CFA, Head of ETF Strategy & Research - APAC, SPDR ETFs

2)    "Of Rhyme and Reason, Time and Season"
       Mr. Ang Kok Huan, Deputy Head & Portfolio Manager, Phillip Securities Pte Ltd

Event Details: 
  • Date:  12 Apr 2016
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  •  For further enquiries, please call 91179179 or email:jurongeast@phillip.com.sg
Speaker: Mr. Matthew J. Arnold, CFA, Head of ETF Strategy & Research - APAC, SPDR ETFs
Matt is a Vice President of State Street Global Advisors and Head of ETF Strategy & Research for the APAC SPDR ETF business. In this role, he is primarily responsible for developing research to help investors as they evaluate ETFs and explore how they can be used in their portfolios. Prior to moving out to Asia, Matt was Head of Institutional ETF Sales for the EMEA SPDR business, where he developed relationships with institutional investors in the region including pension funds, charities, foundations and insurance companies. His first role in the SPDR ETF business was as Head of ETF Investment Strategy where he focused on developing original research for the clients and prospects of SSGA.

Speaker: Mr. Ang Kok Huan, Deputy Head & Portfolio Manager, Phillip Securities Pte Ltd
After having served the Singapore Army for 17 years with distinction under a scholarship, Mr Ang embarked on his other passion – stock investment. He joined Phillip Securities as a stock-broker in 2007 and is now a Portfolio Manager with the same company. To share his knowledge, he conducts training courses and seminars on stock investment, with emphasis on technical analysis. His investment approach: believing that successful investing requires commitment, discipline, humility and passion to learn. Mr Ang holds an MBA (Investment & Finance) from University of Hull, UK, and a Bachelor of Business Administration (Honours) from the National University of Singapore. 

MA Service Coverage: 3 Country Equity, US Equity, Gold and Resources Equity
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