Philip Chua Business Blog

Posts Tagged ‘rally’

The latest rally has stalled again against ‘channel’ resistance which happens to lie at the 200-day moving average at 92.25. Though well below the weekly Ichimoku ‘cloud’, slightly worrying is that the 9 and 26-week moving averages have crossed to a buy while all other elements of this chart suggest…

Slow work, but perhaps understandable as we hover not that far above key ultra-long term support between 87.00 and 85.00. We have retraced half of the year-end rally and are hovering at the bottom edge of a decent-sized flat-bottomed daily Ichimoku ‘cloud’. Fibonacci retracement support at the 61% level will…

With a clean violation of its July 08’09 low at 1.3831 and the 1.3747/33 levels, its Jun 16’09 low/.50 retracement(1.2328-1.5143 rally) established, risk of further weakness has scope towards the 1.3422 level, its .61 Fib retracement/May 18’09 low at 1.3422/09. However, our bearish view on EUR may be tempered with…

Having finally pushed through its Oct 13’09 low/range lows at 1.5706 the past week, we are now looking for further downside weakness towards its major support at the 1.5276 level, its .50 Fib Ret(1.3501-1.7041 rally). Before here lies a minor support at the 1.5351 level, its May 12’09 high. With…

Having wiped our its previous week declines following a rally off the 88.60 level, its Dec 15’09 low, risk of further upside gains has shifted to its Dec 04’09 high at 90.77. While our broader bias on the pair in the medium term remains lower, continued upside gains through the…

Key Points

A range bound stock market has left some investors on the sidelines waiting for the next rally
We conducted a study of historical returns for the S&P 500 between 1928 and 2009 to test the benefits and detriments of timing the market
Avoiding the ten worst months resulted in an annualised 8.3% return, versus the annualised 5.1% return for remaining invested from 1928 t… more

The risk rally extended gains this past week as optimism over the global recovery beat out concerns that rising unemployment may lead to continued sluggishness. The USD, meanwhile, finished out roughly in the middle of the week’s range after testing near to its recent lows against the EUR and other…

A PUSH on the banks helped the Straits Times Index yesterday rise 14.22 points to 2,707.6 in a tepid session that saw the broad market record 163 rises against 218 falls excluding derivatives.
The softness was not overly surprising given that the index had already risen sharply on Monday ahead of the US rally which meant that it made sense for investors to sell into strength yesterday. Providing a… more

Stock market volatility is back, a signal to some experts that the powerful rally that started in early March may be coming to an end.

AFTER two days of red ink and downbeat investor sentiment, the local bourse swung back into positive territory yesterday following gains on other Asian stock markets.
Stocks enjoyed a rally following encouraging auto data out of the United Sates and an upward revision of China’s growth forecast by the World Bank. These two items of news stoked investor hopes of a sustainable economic recovery.
Inv… more