Market Sense 市场意识: July 2017

Market Sense

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Note:

All TA (Technical Analysis) view using charts are for illustration purpose only.

Unless otherwise specified, all charts' sources are from POEMS(Phillip Online Electronic Mart System)

Thursday 27 July 2017

Daniel Loh on Air 170727 - No bear market this year

Summary

Continue stay cautious on US market as it runs up too high.

Question on whether bear market will happen this year? His reply:
No bear market this year as so far there is no such symptom
Bear market phases:
1st phase - sliding down quietly ( usually unnoticeable )
2nd phase - panic selling ( prices move down sharp and furious )
3rd phase - capitulation ( investors become hopeless and sell everything )

Oil - short term is reaching resistance. It may pull back to $44 region in short term. Stay cautious with oil related counters.

Expect STI to trade within this range 3280 - 3400 till year end.

Source : Radio Capital 95.8 FM

OCBC in long term bullish trend

OCBC broke up multi year high resistance at 11.2 which was set in 2013. It is in long term bullish trend

Long term analysis (source : Poems Live Chart ) TA view for illustration purpose only

Monday 17 July 2017

DBS TA - bullish for now

After breaking up the resistance at 20 in May 2017, it traded in the range of 20-21. Upon breaking up the resistance at 21 recently in Jul 2017, now it is heading to next multi year high at 21.5 which was set in Jul 2015.
From TA point of view it is in bullish uptrend, watch for this critical resistance 21.5, if it does break up convincingly (well above 21.5 and held up for week) then it will be very bullish because it has no resistance reference from the past. If it does not, it may head back to the trading range of 20-21.

Long term analysis (source : Poems Live Chart ) TA view for illustration purpose only

Thursday 13 July 2017

Daniel Loh on Air 170713 - cautious in equity, favour gold

Summary

Cautious on US market as it runs up too high.
Wait for deeper correction ( around 5% ) before considering to invest in US market.
S&P 500 resistance at 2500

Gold - strong support at 1200. At current level, it may rebound.

Looking to invest in sectors which have not run up yet in Singapore market eg
Telco, Commodities, Medical

Cautious on Hong Kong Market as it has run up too fast. Suggest to take profit.

Source : Radio Capital 95.8 FM