Current Latest Computed Funds Flow Analysis (FFA):
For Worldwide Financial Markets:
17 June 2013, Monday, 3.45 pm Singapore Time
Computed FFA For Worldwide Financial Markets
Broad Markets / Big Markets / Big Wind Directions
European markets are in the first hour of trading while US markets (Dow, S&P500 and NASDAQ) are 5 hours 45 minutes away from opening.
Based on current latest computational results, Holdings Index Strength of Big Hands changed from -7.499 to -5.859 in strength on the Donovan Norfolk Funds Flow Index Oscillator. Big Hands' Puts Holdings changed from -6.796 -6.905 in strength on the Donovan Norfolk Funds Flow Index Oscillator.
Broad/Big Market (Big Wind Direction) Immediate-Term/Short-Term Posture by Big Hands:
+ Consolidation of Shorts
+ Consolidation of Puts
+ Main direction still bearish biased for the short-mid term.
+ Worldwide/International financial markets' corrections have not capitulated yet so selling will not end yet.
+ Selling has not reached fear or capitulation yet
+ Big Margin Calls on the Weaker Big Hands on the wrong side of the market have not been triggered yet.
+ Strong Big Hands will still have the need for more sell-downs in order for retailers, small hands and Weak Big Hands to capitulate/chop head in their Longs.
+ Sell-down has not climaxed yet, so I expect more sell-downs to come.
+ Consolidation of Puts
+ Main direction still bearish biased for the short-mid term.
+ Worldwide/International financial markets' corrections have not capitulated yet so selling will not end yet.
+ Selling has not reached fear or capitulation yet
+ Big Margin Calls on the Weaker Big Hands on the wrong side of the market have not been triggered yet.
+ Strong Big Hands will still have the need for more sell-downs in order for retailers, small hands and Weak Big Hands to capitulate/chop head in their Longs.
+ Sell-down has not climaxed yet, so I expect more sell-downs to come.
Broad/Big Market (Big Wind Direction) Mid-Long Term Outlook by Big Hands:
+ We are currently not in any bear market yet.
+ Mid-long-term remains a buy on dip for investment purposes in 2013 as markets in Europe and Asia have negated bear market technical structures as mentioned last year 2012.
+ Mid-long-term remains a buy on dip for investment purposes in 2013 as markets in Europe and Asia have negated bear market technical structures as mentioned last year 2012.
+ Long term funds are still buying/investing.
+ Short term and immediate term shorts/sells/profit-takings by traders represent entry/re-entry opportunities for longer term investors (i.e. buy on retracement dips).
+ Short term shake-outs on weak holders, or retailers with high leverage and no holding power, represent golden chance to buy on dips cheaply.
+ As highlighted previously, by 2Q/3Q 2013, many markets (except PIIGS) will make new bull market highs since 2009 financial crisis..
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Donovan Big Hands Funds Flow Computational Oscillator
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Donovan's Funds Flow Analysis Index Oscillator:
-10 ----- 0 ------+10
Donovan's Funds Flow Analysis Strength-Index Scale Key:
negative (-ve) = shorting;
positive (+ve) = longing;
0: No shorts and no longs (direction-less)
1-2: Weak strength / weak holdings
3-4: Moderate strength / moderate holdings
5-6: Strong strength / high holdings
7-8:Very strong strength / very high holdings
9-10:: Rally Mode in store if +ve / Plunging Mode in store if -ve
Implication of Broad Markets/Big Markets/Big Wind Indices Directions
If it is a rising tide in Index Big Wind, most or almost all stock boats generally rise;
If it is a receding tide in Index Big Wind, most or almost all stock boats generally go lower.
Hence the importance of Big Wind Directions walked by Big Hands.
Ftse now back up t0 6360...
ReplyDeleteIs this a good level to short it?