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Saturday, 31 May 2014

Indofood Agri: 31 May 2014, Saturday, 5.17pm Singapore Time

Indofood Agri: 31 May 2014, Saturday, 5.17pm Singapore Time
Chart courtesy of Chartnexus.com

+ $1.12-$1.175 resistance band is the resistance that ensures the sustained bear market in Indofood Agri.
+ Indofood Agri is completing its price satisfaction escape wave.
+ Resumption in bear market. 
+ Maximum +10.000 FFA is completing and U-turning, and this had been the best performance that Indofood Agri can offer. 
+ Resumption of sell-off will now proceed to do further damage.
+ Financial markets are transiting to bear markets as per warned in Daily Funds Flow Analysis
+ Only fools'money are constantly looking for stocks and equities to buy when risks of downside always outweigh any upsides as previously warned
+ This is yet another stock that is transiting to long term bearishness

Donovan Norfolk Ang Technical Rating:
Bearish-biased.
Exit and Get Out of stocks & Equities.
Short/Sell off on opportunistic rebounds.




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Lyxor Japan (Topix) Fund ETF: 31 May 2014, Saturday, 3.08pm Singapore Time

Lyxor Japan (Topix) Fund ETF: 31 May 2014, Saturday, 3.08pm Singapore Time
Chart courtesy of Chartnexus.com

Japanese markets in final distribution (Transition to Bear Market) as highlighted above
Markets had been merely doing escape waves worldwide (refer all past analyses).
These escape waves were mostly merely to backtest supports-turned-resistances. Other markets, meanwhile, engage in distribution in a style such as the one above. This follows the same for stocks and equities worldwide.

Donovan Norfolk Technical Rating:
Bearish-biased at current high point 
(Nikkei is currently at 14632.38 points)

Sell/Short at the Zones above.
(Bearish also on all international stocks and equities)

Related:
http://donovan-ang.blogspot.sg/2014/04/usdjpy-daily-chart-8-april-2014-tuesday.html
http://donovan-ang.blogspot.sg/search/label/Nikkei

Note:
Lyxor is available in Singapore Stocks Maket as well as in international IGmarket.



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Lyxor Hang Seng ETF: 31 May 2014, Saturday, 2.45pm Singapore Time

Lyxor Hang Seng ETF: 31 May 2014, Saturday, 2.45pm Singapore Time
Chart courtesy of Chartnexus.com

Long Term Trendline Support has been breached.
Markets had been merely doing escape waves worldwide (refer chart above).
These escape waves were mostly merely to backtest supports-turned-resistances.

Donovan Norfolk Technical Rating:
Bearish-biased at current high point 
(Hang Seng Index currently 23080 points)

Sell/Short at the Zones above.
(Bearish also on all international stocks and equities)

Note:
Lyxor is available in Singapore Stocks Maket as well as in international IGmarket.



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Genting Singapore: 31 May 2014, Saturday, 2.16pm Singapore Time

Genting Singapore: 31 May 2014, Saturday, 2.16pm Singapore Time
Chart courtesy of Chartnexus.com

Attached above is the daily chart of Genting Singapore

Genting Singapore is being deliberately suppressed as highlighted above in the RED RECTANGLE.
These RED CIRCLES AND RED RECTANGLES are also the warnings where I had issued to get out of the stocks and equities markets in my live analyses.
Genting Singapore has completed its large scale long term consolidation and is resuming its very long term downtrend.

Based on Genting Overall Price Structure, Volume Analysis, Funds Flow Analysis, Fundamental Analysis of Worldwide Economic Situations in the following few years to come,

Guaranteed Bear Market Target for Genting Singapore is to:

1. Break down $1.00 as first target (another -23.4% downside from here)
2. Hit  $0.865 (86.5cents) as second final target (another -35.6% downside from here )
3. A bigger dead cat bounce can only take place at around 86.5cents to back-test $1.00 as new-support-turned resistance.

Downside is tremendous
(another -23.4% to -35.6% from current point)

Note:
Genting SP is available also in international brokerages such as IGmarkets.

Donovan Norfolk Technical Rating:
Bearish
(Sell/Short at the Zones above)



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Wing Tai Properties Limited: 31 May 2014, Saturday, 12.12pm Singapore Time

Wing Tai Properties Limited: 31 May 2014, Saturday, 12.12pm Singapore Time
Chart courtesy of ChartNexus.com

Attached above is Wing Tai Properties Ltd listed in the HKSE.

Donovan Norfolk Rating:
Bearish
Downtrend

Side Note:
1.Worldwide Physical Property Market will have selling pressure.
2. Worldwide Property Stocks and Equities will have selling pressure.
3. Big Hands and Smart Money continue to unload property stocks worldwide.
4. Property stocks will continue to sell off long term.



Donovan Norfolk Ang

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Friday, 30 May 2014

Far East Hospitality Trust: 30 May 2014, Friday, 10.42pm Singapore Time

Far East Hospitality Trust: 30 May 2014, Friday, 10.42pm Singapore Time
Chart courtesy of Chartnexus.com

+ Far East Hospitality Trust Analysis is simple and neat.
+ As long as both $0.92 and $1.00 resistances are not breached, Far East Hospitality Trust is on a confirmed long term downtrend, and has to be regarded as bearish.
+ Sell on Rebounds

Sell off target:
New 3-year LOWS breaking down below $0.74

Donovan Norfolk Technical Rating:
Long Term Downtrend
Bearish-biased: Sell



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Far East Orchard: 30 May 2014, Friday, 10.25pm Singapore Time

Far East Orchard: 30 May 2014, Friday, 10.25pm Singapore Time
Chart courtesy of Chartnexus.com

+ Long Term Downtrend
+ Escape Wave Ending
+ Downtrend selling resuming
Downside = 86.9cents which translates to -45.9% downside from here.

Sell off target:
$1.026

Donovan Norfolk Technical Rating:
Long Term Downtrend
Bearish-biased: Sell



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EURUSD: 30 May 2014, Friday, 9.45pm Singapore Time

EURUSD: 30 May 2014, Friday, 9.45pm Singapore Time

Attached above is the chart of EURUSD showing where we stand now in financial markets and major forex markets such as EURUSD.

Eurozone is turning weak. Euro is starting a new downtrend after failing to break up a long term RED resistance trendline. Worse, there was a fake break-up indicated in the chart above indicating strong bearishness. The Euro is starting to price in forced money printing, i.e. increase in money supply, by the European Central Bank (ECB) next year. It could also be the pricing in of a weakened Eurozone for 2015 and beyond. The weakened EURUSD is a result of reacting to deflation, responding to a weakening economy in 2015 as well as hot money/smart money largely leaving Europe now.

EURUSD has broken down multiple supports: PINK long term support as well as the BLACK mid term supports.

It is currently rebounding off a weak YELLOW support as above, with the intention to backtest BLACK support-turned-resistance @1.37062 as confirmation before resuming SOUTHWARDS again.
1.37062 area presents opportunities to add shorts again.

First target would be 1.34624 before some weak rebound and heading for more southwards directions.

Donovan Norfolk Technical Rating:
Breakdown of Long Term Uptrend
Resumption of Long Term Downtrend
Bearish-biased

Note:
Smart Money, Big Hands and Market Movers moving out of Eurozone




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Thursday, 29 May 2014

India NIFTY Index: 29 May 2014, Thursday, 11.22pm Singapore Time

India NIFTY Index: 29 May 2014, Thursday, 11.22pm Singapore Time

Attached above is the chart of Indian NIFTY Index Hourly Chart.
Triple confirmations have been made in the NIFTY as a strong show of intentions.
The sell off in India is far from over as per warned.

The market in India had also proceeded to unload heavily at high prices here:
http://donovan-ang.blogspot.sg/2014/05/market-vectors-india-small-cap-index.html

As for NIFTY iteself:
Added more Shorts on India NIFTY Index at 7298 points yesterday
Strong Market Rejection of NIFTY at >7400 points as per previously highlighted

HIGH DOWNSIDE, LOW UPSIDE
SELL/SHORT ON POSITIVE SENTIMENTS IN INDIA

Minimum profit levels: 
At least 800-1000 points downside.

India NIFTY Index post-election is a straight SELL/SHORT per reiterated.
Refer to past NIFTY analyses on why sell post-election India.

All past Indian Financial Market Analysis (NIFTY):

Note:
India Index is available for trading in IGmarket.


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Market Forecast Update: 29 May 2014, Thursday, 3.15pm Singapore Time


Market Forecast Update:
29 May 2014, Thursday, 3.15pm Singapore Time

Based on Triangulations of the Funds Flow Analyses, Technical Analyses of Commodities, Stocks, Indices and Forex Markets, as well as a Ground Zero Check on Market Sentiments, 

The Sell-off will start:
1. as soon as tonight (Singapore Time) when US Markets (DJIA. SPX, NASDAQ) opens 6 hours 15 minutes from now, or
2. once we enter June of 2014 when it will be the execution of "Sell in May and Go Away".

This sell-off (Stocks, Equities, Forex, Commodities, Indices) will come sharp and catch majority of markets with a nasty surprise.

We are already transiting into Bear Market as per analysed and pre-warned in End 2013 and Early 2014.
A lot of fool's money has already been sucked in.


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Wednesday, 28 May 2014

Market Vectors India Small Cap Index ETF: 28 May 2014, Wednesday, 11.44pm Singapore Time

Market Vectors India Small Cap Index ETF (NYSE: SCIF):  
28 May 2014, Wednesday, 11.44pm Singapore Time

Attached above is the Market Vectors India Small Cap Index ETF that is listed in the US Market (NYSE: SCIF).
The chart above fully illustrates what is happening to the small cap stocks and equities in the India Financial Markets.

Market Vectors India Small Cap Index ETF (NYSE: SCIF):  
28 May 2014, Wednesday, 11.44pm Singapore Time

The second chart of the Market Vectors India Small Cap Index ETF shows that both the price satisfactions at $38 and $46 being hit respectively thereby completing the entire upwave with a fake breakup above $46.

Note that Wave 4 to 5 above is to be deliberately timed and synchronised with the Indian Elections as per previously warned to happen pre-elections period. This has now been realised with accuracy and precision. 

The market in India proceeded to unload heavily at high prices.

As for NIFTY iteself:
Added more Shorts on India NIFTY Index at 7298 points
Strong Market Rejection of NIFTY at >7400 points.

HIGH DOWNSIDE, LOW UPSIDE
SELL/SHORT ON POSITIVE SENTIMENTS IN INDIA

Minimum profit levels: 
At least 800-1000 points downside.

India NIFTY Index post-election is a straight SELL/SHORT per reiterated.
Refer to past NIFTY analyses on why sell post-election India.

All past Indian Financial Market Analysis (NIFTY):

Note:
India Index is available for trading in IGmarket.


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India NIFTY Index: 28 May 2014, Wednesday, 4.02pm Singapore Time

India NIFTY Index: 28 May 2014, Wednesday, 4.02pm Singapore Time


Added more Shorts on India NIFTY Index at 7298 points
Strong Market Rejection of NIFTY at >7400 points.

HIGH DOWNSIDE, LOW UPSIDE
SELL/SHORT ON POSITIVE SENTIMENTS IN INDIA

Minimum profit levels: 
At least 800-1000 points downside.

India NIFTY Index post-election is a straight SELL/SHORT per reiterated.
Refer to past NIFTY analyses on why sell post-election India.

All past Indian Financial Market Analysis (NIFTY):

Note:
India Index is available for trading in IGmarket.


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Medtecs: 28 May 2014, Wednesday, 9.05pm Singapore Time

Medtecs: 28 May 2014, Wednesday, 9.05pm Singapore Time
Chart courtesy of Chartnexus.com

Attached above is a follow-up on Medtecs analysis and with a shorter timeframe outlook.
+ Big Hands, Smart Monies and Market Movers are heavily into Medtecs as per previous technical analyses on Medtecs:
http://donovan-ang.blogspot.sg/search/label/Medtecs

+ Charts are foretelling ahead that haze from Indonesia will infest Singapore again in 1-3 months time and it will not be a minor haze.
+ BUYS as indicated above
+ Resistance at 7.5 cents and 7.6 cents will break up for a powerful penny stock spike-up.
+ Target around at least 10cents for profit of more than +50% on capital invested.
Buy on Forecast, Sell Half on Smell of Haze and Sell all on Sight of Heavy Haze.
Donovan Norfolk Ang Technical Rating on Medtecs:
Maintains STRONG BUY/LONG

While big market directions are supposed to be bearish, Medtecs will counter-trend the main index directions worldwide and go its own upwards directions.

(Medtecs is available through SGX)


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Tuesday, 27 May 2014

India NIFTY Index: 27 May 2014, Tuesday, 5.30pm Singapore Time

India NIFTY Index: 27 May 2014, Tuesday, 5.30pm Singapore Time

Added Shorts on India NIFTY Index at 7290.4 points
Strong Market Rejection of NIFTY at >7400 points.

Minimum profit levels: 
At least 800-1000 points downside to backtest RED Support Band; if RED Support Band is not able to hold, India will transit into a strong bear market. 

India NIFTY Index post-election is a straight SELL/SHORT per reiterated.

All past Indian Market Analysis:

Note:
India Index is available for trading in IGmarket.



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EURUSD: 27 May 2014, Tuesday, 11.30am Singapore Time

EURUSD: 27 May 2014, Tuesday, 11.30am Singapore Time
Chart courtesy of StockCharts.com

Eurozone deflationary pressure will cause Euro to have strong support at the BLUE and BLACK support trendlines as above.

Euro is currently at 200 days Moving Average as a support. If Euro is to change to downtrend and go ahead to break down the long term uptrend presented by the  BLUE and BLACK support trendlines as above, it will have to rebound from here and backtest 50 days Moving Average as a resistance first.

EURUSD rebound is expected.

Euro is reaching a critical stage: If 1.38000 is backtested as resistance successfully, it will change trend and proceed to break down; otherwise, Euro is still on an uptrend.

The market is hinting that ECB will be making an important decision soon, and chances are that they may want to devalue/depreciate the Euro to stimulate inflation. Avoidance of vicious deflation will be a top priority of the ECB. Depreciation of the Euro through monetary policies is a direct path.

Donovan Norfolk Technical Rating:
Long term uptrend weakening.



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Monday, 26 May 2014

Russell 2000: 26 May 2014, Monday, 11.43pm Singapore Time

Russell 2000: 26 May 2014, Monday, 11.43pm Singapore Time
Chart courtesy of StockCharts.com

+ Huge Expanding Triangle in Secular Trend Style:
High Alert Warning
(Refer Russell 2000 Index Chart above)

Donovan Norfolk Ang Technical Rating:
Highly Bearish
Short/Sell off

Related
The Great Capital Exodus from Worldwide Bank Stocks (2014)
http://donovan-ang.blogspot.sg/2014/02/ftse-st-financial-index-2-february-2014.html

RELATED: 
THE GREAT CAPITAL FLIGHT OUT OF EACH OF THESE BANK STOCKS
(Some are currently doing last ditch attempt to dead cat bounce and backtest critical support-turned-resistances)

RELATED: THE GREAT CAPITAL FLIGHT OUT OF EMERGING MARKETS:




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Ametek Inc: 26 May 2014, Monday, 9.25pm Singapore Time

Ametek Inc: 26 May 2014, Monday, 9.25pm Singapore Time
Chart courtesy of StockCharts.com

Attached above is the daily chart of Ametek Inc (NYSE: AME).

+ AMETEK Inc is a quality industrial sector stock that is listed in the NYSE. It is a global manufacturer of electronic instruments and electro-mechanical devices. It is also an index component stock of the S&P 500 Index.

+ As can be seen above, Ametek has huge bearish divergences in both the RSI and MACD. There is also a bearish ascending wedge at play.

Ametek Inc: 26 May 2014, Monday, 9.25pm Singapore Time
Chart courtesy of StockCharts.com

+ Maximum +10.000 FFA is completing and U-turning, and this had been the best performance that Ametek (S&P500 stock) can offer. 
+ Resumption of sell-off will now proceed to do further damage.
+ Financial markets are transiting to bear markets as per warned in Daily Funds Flow Analysis (Refer RED BOX region in chart above).
+ Only fools'money are constantly looking for stocks and equities to buy when risks of downside always outweigh any upsides as previously warned; this is something that has been repeatedly warned for the past 6 months with my daily FFA Analysis.
+ This is yet another S&P500 stock that is transiting to long term bearishness

Ametek Inc: 26 May 2014, Monday, 9.25pm Singapore Time
Chart courtesy of StockCharts.com

The attached chart above shows how markets (typical of worldwide markets) had been distributing for the past almost 1 year. This is consistent with the daily funds flow analysis of the past 6-8 months.

In the case of Ametek, an industrial stock, there is a huge  stealthy distribution along the BLUE SUPPORT line with distribution nearing the end phase now. Refer Chart above.

Ametek Inc: 26 May 2014, Monday, 9.25pm Singapore Time
Chart courtesy of StockCharts.com

Insiders and Smart Monies had already taken profits and exited the stocks-equities markets. Ametek is one of them. Refer chart above.

After profit-takings, Ametek, just like most other stocks and equities, went into shorts set-up phase. During this shorts lay out, the DOUBLE RED SUPPORT lines above further acted as support to aid the distribution to the retails and the general public.

Ametek Inc: 26 May 2014, Monday, 9.25pm Singapore Time
Chart courtesy of StockCharts.com

Finally, this is where we are with respect to the entire 30-year secular bull move (1984-2014).
At the current point, a huge sell off is awaiting to be executed.

At end of 2013, as per consistent with my daily funds flow analysis warnings, there were massive unloads at a price of 40x-50x times the start-up/IPO price of this stock (refer chart above).

Historic record-breaking sell volumes have been executed recently on bullish sentiments (Massive unload on positive sentiments). And mind you, this is not even a penny stock to warrant such a massive volume. It is a volume never ever achieved before.

A bad sell off is awaiting to be executed once this current shorts set-up have been completed.

+ This is yet another S&P500 stock that is transiting to long term bearishness and has Big Hands and Smart Monies exited and running for bomb shelter.

Donovan Norfolk Ang Technical Rating:
Highly Bearish
Short/Sell off

Related
The Great Capital Exodus from Worldwide Bank Stocks (2014)
http://donovan-ang.blogspot.sg/2014/02/ftse-st-financial-index-2-february-2014.html

RELATED: 
THE GREAT CAPITAL FLIGHT OUT OF EACH OF THESE BANK STOCKS
(Some are currently doing last ditch attempt to dead cat bounce and backtest critical support-turned-resistances)

RELATED: THE GREAT CAPITAL FLIGHT OUT OF EMERGING MARKETS:

FELLOW S&P 500 INDEX STOCKS:
http://donovan-ang.blogspot.sg/2014/05/amazon-24-may-2014-saturday-1117pm.html
http://donovan-ang.blogspot.sg/2014/05/accenture-24-may-2014-saturday-122am.html
http://donovan-ang.blogspot.sg/2014/05/ace-ltd-24-may-2014-saturday-1218am.html




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