Current Latest Computed Funds Flow Analysis (FFA):
For Worldwide Financial Markets:
for Worldwide Financial Markets
28 January 2014, Tuesday
28 January 2014, Tuesday
Broad Markets / Big Markets / Big Wind Directions
European markets are 1 hour away from opening for trading, while US markets (Dow, S&P500 and NASDAQ) are 7 hours 30 minutes away from opening for trading.
Based on current latest computational results, Holdings Index Strength of Big Hands changed from -9.439 to -8.533 in strength on the Donovan Norfolk Funds Flow Index Oscillator. On the other front, Big Hands' Puts Holdings on hand changed from -1.681 to -2.035 in strength on the Donovan Norfolk Funds Flow Index Oscillator.
Broad/Big Market (Big Wind Direction) Short-Term / Mid-Term Posture by Big Hands:
+ 19th trading day of 2014:
+ Big Hands took profits of some shorts.
+ Big Hands, however, are still net Shorts in Holdings.
+ Big Hands added some bearish puts while covering some shorts.
+ Big Hands still consolidating their overall Shorts and Speculative Bearish Puts.
+ Big Hands still within the 1-3 days immediate term technical rebound after Friday's US Market sharp plunge which was fore-warned previously before it happened.
+ Worldwide markets' execution of the 1-3 days' technical rebound within a mid term downwave does not mean a buy, but rather an opportunity to sell/short/unload/exit on rebound.
+ This serves as creation of noise too.
+ Note that the market movers and smart monies have been very persistent in their Shorts Holdings and Bearish Puts Holdings since November and December of 2013 as warned, and it was also warned at the end of 2013 that year 2014 would be welcomed with sharp market plunges worldwide.
+ Be extremely cautious of the stocks and equities markets worldwide.
+ Expect whipsaws and volatility.
+ Markets are still bearish biased in the mid-term despite possible 1-2 days' technical rebound.
+ In essence, sell/unload stocks and equities on rebounds, or SHORT on rebounds. Run first, talk later.
+ Any intra-day positive/bullish divergences may not be executed fully; instead they will be negated with unexpected sell-offs.
+ To long is to counter-trend (reward is still there but will have to take the high risk associated with it).
+ To long is to counter-trend (reward is still there but will have to take the high risk associated with it).
+ In the mid term, the selling in worldwide stocks and equities markets is still far from 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.
+ It took at least 2 months for the rainstorm clouds to accumulate, it follows that significant portfolio damages have to be effected by the selling for the rainstorm clouds to be depleted.
+ Hot Money and Smart Money had, also per warned in December 2013, 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:
Refer to some Technicals charted recently which I warned severely of the Sell-offs just before they came:
Recent Analyses For Comprehensive View:
Spain IBEX Index: http://donovan-ang.blogspot.sg/search/label/IBEX
France CAC40 Index: http://donovan-ang.blogspot.sg/search/label/CAC40%20Index
Australia ASX All Ord Index: http://donovan-ang.blogspot.sg/2013/12/australia-asx-all-ord-index-2-december.html
Recent Analyses related to Emerging Markets:
Hong Kong Market: http://donovan-ang.blogspot.sg/search/label/Hang%20Seng%20Index
+ The following are the mid term sell-off correction targets as per analysed since 10 weeks ago with 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
22,000 points as second target
and
21604.4 points as third target
(refer:
3. India NIFTY Index:
6001 points as first target ---> FIRST TARGET HIT ON 21 NOV 2013
and
5750 points as second target
4. UK FTSE100:
6500-6550 points ---> TARGET HIT ON 3 DEC 2013
5. Germany DAX:
8700-8750 points.
6. Spain IBEX:
9500 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
and
1.33000 as second target
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
and
0.79000 as second target
14. AUDUSD
0.85000 as first target
and
0.81000 as second target
15. USDCAD
1.15000 as target
16. AUD, NZD, EUR, GBP, CAD, CHF will generally be weak until the corrections end while JPY will be strong (ie USDJPY weak)
* Note that all these are behaving as per analysed as targets
17. Euronext Brussels Bel20 Index:
2740-2780 points as first target ---> FIRST TARGET HIT ON 6 DEC 2013
and
2600-2632 points as second target
18. 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.
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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 blown by Big Hands.
Donovan Norfolk Ang
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