Philip Chua Business Blog

Posts Tagged ‘correction’

INVESTORS should use the recent correction to buy into markets, say strategists of two private banks. But banish the thought of a buy and hold approach, as volatility may well erase gains made during the year.
Says Credit Suisse Private Bank’s chief investment officer Stefan Keitel: ‘Buy on weakness, sell on strength. There will be two to three corrections in 2010 but also opportunities.
‘We think… more

The U.K. currency might start to rebound after a strong bearish movement based on technical analysis. Indicators gives us a bullish signal for a correction reason like RSI, which bounces on 30% line upwards, MACD crosses the signal upwards on hourly chart, and Bollinger gives us a bullish signal by…

The USD has seen its correction extend further this past week, but critical resistance levels (EUR/USD support levels) we highlighted in last week’s issue appear to be exerting some influence. The 1.4250 level has held as support on a daily closing basis thus far, and the more significant 1.4170/90 area…

Maybe, or maybe not.
It’s what a lot of experts are saying, and it’s what some of us who work at FSM believed will happen. So we liquidated a part of our portfolios and kept some cash, some of us as early as June 2009, and we waited for the correction to come so that we would have some cash to buy in when share prices fell.
… more

Last week’s lead bullet point was that the risk rally had stalled, for the moment. Lacking any solid technical indications of a reversal, we could only highlight potential for an upcoming correction in risk assets. This week, however, we have no such hesitation and a plethora of technical evidence that…

‘Markets today are pricing in a V-shaped recovery and they have to start pricing in a U-shaped recovery, so the fourth quarter or first quarter could see a correction.’
IT’D be fair to say that rarely has the interplay between economics, the stock market and real life been thrust into focus as it is now. In the US, brokers and economists continue to debate the shape of the recovery which, to date… more

Speculative investors re-entered the USD shorts that were unwound prior to the publication of US non-farm payrolls. This has been a profitable strategy, as the dollar came under renewed pressure in the week to 6 October. Coinciding with the correction higher in US yields last Friday, however, the dollar has…

OUR portfolios stayed rather resilient despite the correction in the blue chips Straits Times Index last week. Five out of six of our portfolios advanced. Only one – the lowest price-to-book portfolio – weakened. On average, the portfolios edged up by 0.6 per cent.
The largest gain last week was posted by the portfolio made up of stocks with the highest dividend yield. It climbed 1.7 per cent, tha… more

AFTER returning to the pre-crisis level of $2 a litre two weeks ago, pump prices fell yesterday on the back of last week’s substantial drop in crude oil prices.
The correction of six cents a litre across the board was the single biggest reduction here this year.
Caltex, Shell and SPC made the cut in the morning, while ExxonMobil – which has the biggest retail network here – did so just before 1pm…. more

UNLESS Shanghai displays signs of more destabilisation, local blue chips may well end on a high note for the month of August, as its last trading day draws to a close today.

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STindex

Despite earlier fears of a ferocious correction after the run-up last month, Augus… more