Market Sense

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CK Choy.

Market Sense 市场意识
Be decisive, Be patient, Don’t be greedy, Don't be stubborn

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The information contained in is provided to you for general information/circulation only and is not intended to nor will it create/induce the creation of any binding legal relations. The information or opinions provided do not constitute investment advice, a recommendation, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on this information. Investments are subject to investment risks including possible loss of the principal amount invested. The value of the product and the income from them may fall as well as rise.

You should seek advice from a financial adviser regarding the suitability of the investment products mentioned, taking into account your specific investment objectives, financial situation or particular needs, before making a commitment to purchase the investment product. In the event that you choose not to obtain advice from a financial adviser, you should assess and consider whether the investment product is suitable for you before proceeding to invest.

Any views, opinions, references or other statements or facts provided in this are personal views. No liability is accepted for any direct/indirect or any other damages of any kind arising from or in connection with your reliance on the information provided herein.

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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)

Saturday, 1 May 2021

Penguin's HK market outlook 210501

 

Daily chart (Source: investing.com) TA view for illustration purpose only

Jan to mid Mar mainboard average trading value: 226.57B 

mid mar to Apr mainboard average trading value: 164.50B

difference:  -27.40%

Observation:

HK enjoyed good trading vol and good sentiment since Jan to mid Mar. But from mid Mar to Apr ave trading vol shrinks 27% and HSI stuck within range for 1.5 months ( 27500 - 29400)

Outlook:

expect the rangebound pattern will be continued to May until significant trading vol breakout above 200B and can sustain for 3 days.

ETF recommendation for long term income:

SSIF DCE Iron Ore Futures Index ETF HKD 3047

by ckchoy

Sunday, 2 August 2020

Gold Price Estimation Using Formula of Balance Sheet and GDP

Gold Price Estimation Using Formula of Balance Sheet and GDP

Formula
Gold Price * (1+%change of balance sheet)/(1+%change of GDP)

backtest on uptrend where gold top at 1920 in year 2011. The estimation calculation using the formula is 2025: near to actual 

backtest on downtrend where gold bottom around 1100 in year 2019. The estimation calculation using the formula is 1076: near to actual 

Estimation calculation using the formula for gold price now as of 25/7/2020 using data from 
2008 to now : formula calculation is 4778 (25/7/2020)
2011 to now : formula calculation is 2777 (25/7/2020)
2018 to now : formula calculation is 2958 (25/7/2020)




Source

Tuesday, 18 June 2019

Singtel Mid Term TA

After hitting 2.83 low at the bottom line of downtrend channel (mid term chart), Singtel has been rebounding to near the upper line of the downtrend channel. 3.36 marked the 11-months high.
To break up the downtrend channel, first level to watch in short term (about a month) is 3.4. We are watching if downtrend channel will be successfully broken up. If not successful, suggest to take profit around 3.3-3.4.
Mid term chart (Source: Poems Mercury live chart) TA view for illustration purpose only


Monday, 17 June 2019

Hang Seng Index Long Term TA update

Long term (Monthly chart) trend shows in short term (about months) cannot break below 26k or else the long term uptrend will break down
Long term monthly chart (Source: HSI monthly chart) TA view for illustration purpose only


Wednesday, 20 February 2019

Hang Seng Index Mid Term Update

Touching mid term resistance at 28600
Mid term weekly chart (Source: HSI weekly chart) TA view for illustration purpose only