KL Market

S&P500 (770, last week 827 or -6.9% w.o.w). This will be the second week of hefty losses. The Daily MACD and MACD Histogram had a negative crossover 5 sessions ago and has thus joined the Daily Parabolic SAR, Guppy MMAs and DMIs (+ve and –ve) turning bearish. For the weekly readings, the MACD and MACD Histogram are still positive but the Parabolic SAR has just turned negative. The weekly ADX……
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US markets Update and OutlookStocks at the mercy of nationalization debateMarketWatch: U.S. stocks are likely to face choppy waters next week, as the debate about whether or not to nationalize banks intensifies along with growing investor demand to rid the financial system of its toxic assets.”Financial markets appear to be fixated on ‘toxic’ assets, and until they are removed from bank balance sh……
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“The rally in the US dollar and gold is telling the market that investors are worried about global economic stability outside of the US and therefore they are preparing for the worst”. Please continue to read here for Kathy Lien’s interesting article on the concurrent rise in gold and USD and its implication.* North Korea warns of war as Clinton heads for Seoul * BT(Singapore): Beijing will incr……
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Japan has been attracting all kind of negative news lately. The “unbelievable” contraction in its economy which contracted at its quickest pace in 35 years , resignation of its Finance Minister Shoichi Nakagawa who was allegedly intoxicated during a G7 Press Conference in Rome, the recent big drop in the approval ratings of its PM Taro Aso’s and Clinton’s visit to Japan which include a courtesy ca……
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Many economists expect China’s economy to recover early this year backed by the government’s four-trillion-yuan stimulus plan. Many are also confident it would embrace on an early recovery before global economy picks up. As a result, there were a lot of buy calls for China stocks, example here. Due to these factors, the recent run up in China’s stock markets may not be too shocking to many. (The a……
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S&P500 (827, last week 869 or -4.8% w.o.w)Another volatile week. Although index was up strongly a week earlier, the following week was a “strong down”. The Daily Parabolic SAR which was the first to turn bullish is now bearish for the last two trading sessions. The Daily MACD has hooked down but has not crossover negatively yet. The MACD Histogram is still holding on while Guppy MMAs and DMIs ……
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Weekly US Markets Update and OutlookStocks to cut their apron strings with Washington Wal-Mart, economic data to dominate; bad-bank plan could still make waves MarketWatch: U.S. stocks, at the beck and call of Capitol Hill in the past month, get a chance to cut those ties in the week ahead, as Congress heads home and a smattering of corporate and economic releases take over the calendar.During a h……
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According to the Editor of Investment U, this guy Louis Basenese (inset) has been dead on with his predictions. He called the U.S. dollar bottom versus the euro within 26 days… oil’s peak within 24 days… and the top in U.S. Treasuries within two days. So when he makes a big call like this, we listen. And while Lou thinks gold is going down, there’s another asset class he thinks is going st……
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SeekingAlpha.com: The tide is starting to change and I want to make sure my readers are aware. Last year, the yen literally beat the performance of 177 currencies. However, the rise has been so swift and severe, that it’s killing the country. No one in Japan seems to be happy with it. Their exporters are literally campaigning to the central bank to intervene in the currency. The central bank has……
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S&P500 (869, last week 826 or +5.2% w.o.w) What a turnaround! Now the Daily MACD and MACD Histogram have joined the Daily Parabolic SAR to become positive as well while Guppy MMAs and DMIs (+ve and –ve) are slightly negative. At this juncture, the indicators may continue to turn bullish if further bad news in the market are being discounted. For the weekly readings, the MACD, MACD Histogram ……
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