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Thursday 16 January 2014

Funds Flow Analysis (FFA): 16 January 2014, Thursday, 3.40pm Singapore Time



Current Latest Computed Funds Flow Analysis (FFA):
For Worldwide Financial Markets:
16 January 2014, Thursday, 3.40pm Singapore Time
Donovan Norfolk Ang Funds Flow Analysis Indicator 
for Worldwide Financial Markets 
16 January 2014, Thursday

Broad Markets / Big Markets / Big Wind Directions

European markets are 20 minutes away from opening for trading, while US markets (Dow, S&P500 and NASDAQ) are 6 hours 50 minutes away from opening for trading. 

Based on current latest computational results, Holdings Index Strength of Big Hands changed from -5.367 to -6.872 in strength on the Donovan Norfolk Funds Flow Index OscillatorOn the other front, Big Hands' Puts Holdings on hand changed from -1.319 to -1.260 in strength on the Donovan Norfolk Funds Flow Index Oscillator. 

Broad/Big Market (Big Wind Direction) Short-Term / Mid-Term Posture by Big Hands:

+ eleventh trading day of 2014:
+ Big Hands piled up relentless shorts again despite market rebound today.
+ Big Hands consolidated bearish puts holdings.
+ Big Hands are shorts today while consolidating bearish puts on hand.
+ The market movers are still net shorts and bearish puts in holding. 
+ The market movers have persistent Shorts Holdings and Bearish Puts Holdings since November and December of 2013.
+ The Puts are speculative and classified as non-protective currently.

+ Immediate term rebounds expected to end today or tomorrow.
+ Markets are still bearish biased in the mid term.
+ Judgement taken in consideration of both technical analyses and funds flow analyses: in the mid term, worldwide markets are still bearish biased and the selling is still not over.
+ Stocks and equities worldwide are still expected to sell off broadly, unless the particular stock has very strong fundamentals to withstand any broad selling.
+ Hot Money and Smart Money had, also per warned in December, rotated away from Equities, Stocks and Bonds into the Metals Market (Gold, Silver, Copper, etc).

+ Timeframe of worldwide selling: Tentatively projected to last until February/March 2014.

+ Note that there was also unusual unloading volumes in SPDR Morgan Stanley Technology Index ETF (read for implications on NASDAQ and World Markets) as warned on 29 Dec 2013:

+ The following are the mid term sell-off correction targets as per analysed since 9 weeks ago with some new updates:
(you might like to refer to the accompanying detailed analysis links attached too):

1a. Malaysian FKLI: 
1,790 points and a whipsaw just below 1790 points as first target. ---> FIRST TARGET HIT ON 12 NOV 2013
and 
breakdown of 1780 points as second target  ---> SECOND TARGET HIT ON 13 NOV 2013
and 
1776 points as third target
and 
breakdown of 1776 points as forth target

1b. Malaysian KLCI:
Breakdown of 1728-1750 points band as target


2. Hong Kong Hang Seng Index: 
22,770 points as first target ---> FIRST TARGET HIT ON 8 NOV 2013
and 

3. India NIFTY Index:
6001 points as first target ---> FIRST TARGET HIT ON 21 NOV 2013
and

4. UK FTSE100: 
6500-6550 points ---> TARGET HIT ON 3 DEC 2013

5. Germany DAX: 
8700-8750 points

8. US NASDAQ Composite: 
3700 points

9. EURO STOXX 50:
2930-2950 points ---> TARGET HIT ON 12 DEC 2013

10. Dow Jones Industrial Index (DJIA):
14750 points as first target
and 
breakdown of 14750 points as second target

11. EURUSD: 
1.34000 ---> TARGET HIT ON 7 NOV 2013 
12. GBPUSD: 
1.59000 as first target ---> FIRST TARGET HIT TWICE IN NOV 2013
and 
1.57000-1.57500 as second target

13. NZDUSD: 
0.81000 ---> TARGET HIT ON 29 NOV 2013

14. AUD, NZD, EUR, GBP, JPY, CAD, CHF will generally be weak until the corrections end. 

15. Euronext Brussels Bel20 Index:
2740-2780 points as first target ---> FIRST TARGET HIT ON 6 DEC 2013
and
2600-2632 points as second target

16. Singapore Straits Times Index (STI):
2600 points as target

Broad/Big Market (Big Wind Direction) Long Term Outlook by Big Hands:

The depth of this anticipated short-mid term sell off will reveal clearer skies and whether previous long term outlook still hold.

-----------------------------------------------------------------------------------------------------------------
Donovan Big Hands Funds Flow Computational Oscillator
-----------------------------------------------------------------------------------------------------------------

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 blown by Big Hands.




Donovan Norfolk Ang

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1 comment:

  1. Bearish bias trend include Europe and US market as well?

    ReplyDelete