Last night, the US markets are not spared from the full brutal sell-down triggered by the resurfacing of European debt issue and slowing China economy. Minutes into the opening bell, close to 130 pts was shaved off from the Dow Jones Industrial Average Index with main Dow Jones Components all affected. Dow Jones Industrial Average has been consolidating in a downward channel since early…
Tag: Technical Analysis
European crisis and China economy slowdown have increased risk aversion | STI, Cosco, Yangzijiang stock prices | US, Singapore Stock Markets
Once again, it was a ‘red’ Monday with all stock markets not spared from the brutal selldowns. Though traditionally, May period is known to most experienced investors as a month of ‘short’ or ‘sell’, this time round, the new anxiety and fear is a result of some key economic developments in UK and China. On Friday (20th May 2011), Fitch…
LinkedIn IPO – Good Valuation for Its Stock Price and company earnings? | Fundamental Analysis | US Stock Market
On last Thursday (19th May 2011), LinkedIn’s shares more than doubled in their first day of trading, setting the stage for debuts from other Internet companies such as Facebook Inc. and Groupon Inc.The outsize demand for the stock of an Internet company that is growing rapidly but had a profit of $15.4 million last year is the latest sign of…
Hewlett-Packard Co H-P (HPQ) – financial forecast driven weakness or a good buying opportunity? | Technical Analysis Stock Prices | US Stock Market
On Tues 17th May 2011, Hewlett-Packard Co. reported a small increase in Q1 profit after a leak of a memo from the company’s CEO warning management of “another tough quarter.” The results for the quarter ended April 30 came in slightly above Wall Street’s expectations despite weakness in the company’s PC business and a slowdown in services. The shares had…
Cameron International Corp (CAM) – Consolidation to end with modest upswing | Technical Analysis | US Stocks Market
Cameron International Corp (CAM) has last announced its quarterly results which saw its earnings decline vs last quarter. This announcement has sent its stock price on a downward trend since Mar 2011. There is some slight relief towards $47.5 during early May 2011 and the crucial breakout point will be at $50.4 to resume the test of next key resistance…
Singapore Banks – DBS (D05.SI), OCBC (O39.SI), UOB (U11.SI) – Accumulate on further stock price dips | Technical Analysis | Singapore Stock Market
After the Singapore Elections 2011, now it is the time to re-focus on the growth potential of Singapore Economy. As domestic activities increase, banks will be the key group of stocks to benefit, DBS has the greatest PE of 20 while UOB has the lowest PE of 11.4.Net earning growth % is the strongest in UOB. Based on the fundamentals…
USD Index, USD/SGD staged a recovery | Technical Analysis | Currency Markets
Few weeks back when I last did a post and recommended aggressive entry into major currencies against USD (especially USD/SGD pair), that was when $USD went as low as 72.60. This is among the multi-year lows. Now the $USD (USD Index) has staged a decent recovery and even breaches the top of the declining channel at 74.60. Slight formation of…
Straits Times Index after Singapore Elections 2011 | Technical Analysis | Stock Market
It was a very interesting outcome for the Singapore Elections 2011. As anticipated, the ruling party PAP still hold the winning majority of the parliament seats. But what creates uncertainty among the Singapore population is the decreasing winning proportion of the valid votes casted. It has declined from 2006 (66%) to 2011 (60.1%). The opposition party, WP, managed to seize…
Starhub (CC3) – a good defensive play during uncertainty period and post Singapore Election 2011 | Technical Analysis | Stock Markets
On 5th May 2011, StarHub (CC3) Ltd reported its 1Q11: 1) Revenue inching up 0.2% YoY to S$558.5m (fell 0.1% QoQ due to seasonality), 2) Net profit, on the other hand, jumped 62.1% YoY to S$69.1m (but slipped 14.1% QoQ). StarHub has declared a quarterly dividend of S$0.05/share, payable on 2 Jun 2011. For the entire 2011, StarHub continues to…
Silver prices tumbled heavily for the first time in months with curb in speculations | Technical Analysis | Commodities Market
In the midst of Osama Bin Laden’s death, there were strong market reactions on Monday. It would seem that the 13% plunge of Silver on Monday trading to $42.20 an ounce earlier was the effect of the news. Sadly, this is only the partial trigger. Monday was the first full session after the increase in margin requirements. Initial margin requirements…