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Tuesday, 31 July 2018

Yamana Gold (NYSE: AUY): 31 July 2018, Tuesday, 8.05pm Singapore Time


Yamana Gold (NYSE: AUY):
31 July 2018, Tuesday, 8.05pm Singapore Time
(Click on Technical Chart above to Expand)

Attached is the Technicals of Yamana Gold, a Canadian company that is also listed in the US Market (NYSE: AUY). It is in tune with my expectation of Gold about to resume its long term uptrend again. As Gold had been making way too much consolidation, its target will not be merely $1550-$1600 an ounce anymore. Gold target is an almost guaranteed $2000 an ounce with an expectation to break out $2000 an ounce psychological resistance. Yamana Gold will benefit from such a macro-economic tide. Already, at $1200 an ounce of consolidation for Gold (testing patience), Yamana Gold has made way much higher high, using a big rounding bottom of re-accumulation. The volume flow is bullish as illustrated on chart. Expected trajectory is also as illustrated on chart. 

The Donovan Norfolk Technical Rating: 
Bullish

Monday, 30 July 2018

Venture Corp, Technology Sector and Sector Rotations: 30 July 2018, Monday, 1.45pm Singapore Time

Venture Corp Chart 1
(Click on Technical Chart above to Expand to read the Full Illustrations)

Attached is the technicals of Venture Corp -- STI index component tech stock. The light-orange circled region is my live analysis on 15th July 2016 forewarning that technology stocks and the NASDAQ back then were about to rally massively, and that Venture would massively rally as well (refer to past track record here: http://donovan-ang.blogspot.com/2016/07/sgx-venture-klse-technology-index-and.html). Right after my preempting, Venture Corp rallied from my $8.82 buy point to hit $28.81, a returns of +327% in just 2 years.

The dark-orange circled region is my live analysis in January 2018 calling for most tech stocks such as Venture Corp to start peaking for sector rotation from technology stocks to energy stocks, crude oil stocks, commodity stocks, shipbuilding stocks and shipping stocks (the cyclical stocks). A few months after my live fore-warnings on the cycle, true enough with precision again, chips-makers and many tech stocks which had gone ahead of their fundamentals plunged -- with significant severity.

If you are still holding Venture Corp at $8.82, you would had gotten out with more than +100% profits. You are still able to get out with more than +100% profits since I prefer to rotate monies in accordance to my sector rotation rules. My stand is still the same: I will rotate out of Venture Corp and go into Keppel Corp, Sembcorp Marine, Cosco, Olam, Diamondback Energy, or any other quality related sector stocks.

Note that my underweight on tech stocks excludes those quality Tech companies with innovation and patent breakthrough, such as Creative Technology which I still deem high upside. There will always be outliers that outperform industry greatly because these companies go for research breakthrough. My underweight on tech stocks also does not mean I am bearish of them. Do note that the tech sector is still in bull market, just that in sector rotation, Commodity-Energy-RawMaterial stocks and Shipping-Shipbuilding stocks are expected to move up 3x units for every 1x unit up in tech stocks.

My stand is still the same in the macro-economics as we reach the mid-point of a long-journey bull market -- overweight depressed sector (commodities, energy and O&G-related, raw materials, shipping, shipbuilding) and underweight over-bloated sectors (e.g. technology). Dump defensive sectors and add pro risk-on sectors (against the herd) in the economic expansionary phase.

Attached below is the Venture Corp analysis made in 2016 for reference:
Venture Corp Analysis in July 2016 -- 2 years ago
(Click on Technical Chart above to Expand to read the Full Illustrations)

Cheers, and Best of Luck always.
Luck comes to those who do plenty of research work and hard work.

Funds Flow Track of PUC Berhad (KLSE: 0007): 30 July 2018, Monday, 12.59am Singapore Time

PUC Berhad (KLSE: 0007): 
30 July 2018, Monday, 12.59am Singapore Time
(Click on Funds Flow Chart above to Expand)

Attached is the Very Long Term Funds Flow Tracking on PUC Berhad that is listed in the KLSE (KLSE: 0007). I am sharing this very long term tracking analysis only because there was a very special request made by someone. Note that I rarely entertain special request. With the buildup in such funds flow, I reckon long term investors would eventually be rewarded with decent multifold upmove based on the funds flow in control. Interpretation: Bullish.

The Donovan Norfolk T.A and F.F.A Rating: 
Bullish

Sunday, 29 July 2018

Kerry Logistics (HKSE: 0636): 29 July 2018, Sunday, 11.41am Singapore Time

Kerry Logistics (HKSE: 0636):
29 July 2018, Sunday, 11.41am Singapore Time
(Click on Technical Chart above to Expand)

Attached is the Technicals of Kerry Logistics that is listed in Hong Kong Market (HKSE: 0636). It is another litmus paper proof of shipping industry's switch from winter to new spring. This causes the logistics sector to pick up and get busy as well. As per what I had taught previously, when the commodities and shipping/shipbuilding sector transits into newfound spring, we are at the mid-point of a bull market. 2008-2018 had been the first leg of a bull market. 2018-2028 is to be the 2nd leg of an expansionary bull market. 2nd leg is where majority of gains will be made for 80% of all stocks. 

The technicals show how the large accumulation had been made -- firstly decreasing volume flow going into the base of the rounding bottom, accumulative volumes at the base (green rectangular zones for instance), volume absorption of fools' monies who are calling for bear market as the markets go up, and low selling volumes as we approach towards the completion of the rounding bottom. See how smart monies in Hong Kong are making such a finest quality volume flow when it comes to trading and investing? If not, re-read and re-digest until you get the flow image in your mind -- this is where one gains enlightenment and insights on volume flow.

Contrary to 90% herd who represent fools' monies calling for bear market or bear market crash due to current trade war, markets will continue to make new historical all time highs every year, dumping most people behind. More new highs can be expected in 2019. 

The Donovan Norfolk Technical Rating: 
Bullish

Saturday, 28 July 2018

Schlumberger Ltd: 28 July 2018, Saturday, 7.02pm Singapore Time

Schlumberger Ltd:
28 July 2018, Saturday, 7.02pm Singapore Time
(Click on Technical Chart above to Expand)

Attached is the Technicals for Schlumberger Ltd (NYSE: SLB) that is listed in the US Market of NYSE. Schlumberger Limited is a high quality oil and gas related company which I had shared previously on my social media wall. This company will make for a great buy as it has the fundamentals (do your own due diligence and do your own research as well). Technical wise, Schlumberger is exhibiting a very large bullish fan. This is extremely bullish in nature. I expect Schlumberger to be able to test and challenge the $105 resistance.

The Donovan Norfolk Technical Rating: 
Bullish

VanEck Vectors Oil Services ETF (NYSE: OIH): 28 July 2018, Saturday, 6.00pm Singapore Time


VanEck Vectors Oil Services ETF (NYSE: OIH):
28 July 2018, Saturday, 6.00pm Singapore Time
(Click on Technical Chart above to Expand)

Attached is the Technicals for VanEck Vectors Oil Services ETF (NYSE: OIH) giving a glimpse into how the oil services industry will be doing in 2H-2018, 1H-2019 and 2H-2019. In line with the continued strong rally in crude oil to come, the VanEck Vectors Oil Services ETF has formed an ascending bullish triangle. The breakup of the bullish ascending triangle is expected to hit the resistance in red circled region before doing a backtest of the break-up region in the first green circle to confirm the sustainability of long term bull market. Commodities, energy, raw materials, oil-rigs, shipbuilding and shipping industries worldwide are expected to take over from the technology sector to confirm that we are in the mid-point of a bull market, i.e. 2008-2018 is the first leg, and 2018-2028 being the 2nd leg of bull market (secular cycle market).

The Donovan Norfolk Technical Rating: 
Bullish

Facebook (NASDAQ: FB): 28 July 2018, Saturday, 4.59pm Singapore Time

Facebook (NASDAQ: FB):
28 July 2018, Saturday, 4.59pm Singapore Time
(Click on Technical Chart above to Expand)

Attached is the Technicals for Facebook Inc (NASDAQ: FB). My previous analysis on Facebook Inc was a Buy-Analysis on Facebook at $23.561 on 19 November 2012 (refer to past verifiable track records). In 1H-2018, I kept raising the alert flag that the management of Facebook were relentlessly selling the company stocks and called for Facebook to go into sharp downtrend soon. With +742% in returns now, I judge Facebook a strong sell now: take profits of everything at +742% returns. After a decently large Bearish Wedge of Distribution, with the base of the wedge at $150.00 zone, Facebook will now target to break down the start of the distribution at $150.00. The distribution has ended and is progressing to the mark-down phase. If FB dead-cat bounces into the Red Zone within 3 weeks, it means the black hole wants to suck in more fools' monies and the market is more merciless than it is merciful.

The Donovan Norfolk Technical Rating: 
STRONG SELL 
(and do not be buying even if it dead cat bounces into the RED ZONE to suck in fools' monies)

Friday, 27 July 2018

FTSE ST Financial Index, DBS, UOB and OCBC: A Comparision, 27 July 2018, Friday, 8.55am Singapore Time


FTSE ST Financial Index, DBS, UOB and OCBC: A Comparision, 
27 July 2018, Friday, 8.55am Singapore Time
(Click on Technical Chart above to Expand)

Attached is the Technicals for FTSE ST Financial Index, DBS, UOB and OCBC. The FTSE ST Financial Index is used as the benchmark for comparison. The financial index whipsawed below the band of moving averages during this healthy correction. This correction caused the herd to read the market as all supports broken (naive reading) and caused them to exit the markets completely. Markets used this chance, when the 90% herd are out and most traders are shorting, to rally strongly. This will cause maximum damage to the herd.

During this correction, volumes were low meaning the stocks were passed from the weak mental strength herd to the hands of the smart monies. In the comparison analysis, DBS and UOB outperformed the benchmark financial index, refusing any whipsaw along the way. OCBC was on par with the benchmark and hence the weakest bank among the 3 Singapore Banks. DBS only gently touched the 200EMA showing why it had been the strongest bank among the 3 local banks in Singapore. If one is buying any bank stock and is spoilt for choice, then DBS is the top bank stock of Singapore.

Side-Note:
DBS Bank is the Top Stock of Entire Singapore SGX in The Donovan Norfolk Ranking of All Stocks.

Additional Note:
Worldwide bank stocks are expected to shoot through the roof in 2H-2018 and 2019. More waves of super rally in equity markets can be expected in 2H-2018, 1H-2019 and 2H-2019 -- amidst the backdrop of 80% market majority having the conviction of a bear market coming.

Important Cross-Reference:
http://donovan-ang.blogspot.com/2018/07/spdr-financial-select-sector-index.html


Thursday, 26 July 2018

SPDR Energy Select Sector: 26 July 2018, Thursday, 5.10pm Singapore Time

SPDR Energy Select Sector:
26 July 2018, Thursday, 5.10pm Singapore Time
(Click on Technical Chart above to Expand)

Attached is the Technicals for SPDR Energy Select Sector (NYSE: XLE). It is an ETF, and it can be read as an index consisting of an indicative basket of Crude Oil, O&G and its stream of related stocks representative of the Energy sector.

The SPDR Energy Select Sector is a good litmus for US and Worldwide Energy/Crude Oil related Stocks.

SPDR Energy Select Sector is attempting to complete its consolidation and eyeing for breakup of the triangular pennant. The price structures are large, meaning markets are brewing for large moves.

The 2nd green arrow is the expected trajectory and it is a pennant pole measuring x=$13.00 in distance, mirroring the 1st pennant pole (measured x in distance) as illustrated by the 1st green arrow.

It is worth highlighting that the US Trade War was used to shake out fools aplenty in the financial markets. These herding sheeps are very bearish and are calling for either stock market crash or a bear market. The predatory smart monies deem it right to execute bullish breakup of the pennant now -- to leave out as much of the herd-majority as possible. This will leave many people behind as they are out of the markets already. It will also turn short-sellers into a charred state.

The Donovan Norfolk Technical Rating:
Worldwide energy and crude oil stocks are expected to shoot through the roof in 2H-2018 and 2019. More waves of super rally in equity markets can be expected in 2H-2018, 1H-2019 and 2H-2019 -- amidst the backdrop of 80% market majority having the conviction of a bear market coming.

Cosco Shipping International (Singapore) Co. Ltd: 26 July 2018, Thursday, 11.16am Singapore Time

Cosco Shipping International (Singapore) Co. Ltd: 
26 July 2018, Thursday, 11.16am Singapore Time
(Click on Technical Chart above to Expand)

Attached is the Technicals for Cosco Shipping International (Singapore) Co. Ltd, an international shipping/shipbuilding company that is listed in the Singapore SGX. The series of red circled regions and green circled regions show how Cosco has ended its long term downtrend and is in early stage of a newfound long term uptrend. It has backtested the 32.5cents-35.5cents classical support band successfully. It is ready to resume long term uptrend. 

Next target: Upmove-Breakout of 61.0 cents.


Light Crude Oil: 26 July 2018, Thursday, 8.39am Singapore Time

Light Crude Oil:
26 July 2018, Thursday, 8.39am Singapore Time
(Click on Technical Chart above to Expand)

Attached is the technicals for Light Crude Oil. The classical resistance in orange at $66.00 has been backtested and confirmed for long term upmove. The series of red circled regions and green circled regions show how the resistance has been turned into a support of strength. The black trend line band is guiding the general big bull of the crude oil market.
【Next Light Crude Oil targets (WTIC Oil): $77.50 and $80.00 respectively.】

Monday, 23 July 2018

Genting Singapore: 23 July 2018, Monday, 1.52pm Singapore Time

Genting Singapore:
23 July 2018, Monday, 1.52pm Singapore Time
(Click on Technical Chart above to Expand)

Attached is the Hourly, 4-Hourly, Daily and Weekly Technicals for Genting Singapore that is listed in the Singapore SGX. Further added even more averaged-up buys on Genting @ $1.28 today.

(My Collection: $1.09, $1.16, $1.26, $1.25, $1.23, $1.22, $1.19, $1.19, $1.28 today)

Past Genting Analyses:
http://donovan-ang.blogspot.com/search/label/Genting%20SP
(Collection: $1.09, $1.16, $1.26, $1.25, $1.23, $1.22, $1.19, $1.19, $1.28 today)

Sembcorp Marine: 23 July 2018, Monday, 11.50am Singapore Time

Sembcorp Marine:
23 July 2018, Monday, 11.50am Singapore Time
(Click on Technical Chart above to Expand)

Attached above is the Technicals for Sembcorp Marine. It is currently down -5.102% at $1.860 and using bad news to do a final price action backtest confirmation of its new spring (transition from winter to spring for the industry). Following the massive cup and handle bullish accumulation and its violent breakout, it is currently forming a minor double bottom in purple (again, using fear for chalking up accumulation-buys). This purple trajectory is currently backtesting the resistance-turned-support band in black. The volume flow remains a highly bull market volume flow. I expect Sembcorp Marine to break out beyond $3.00 in 2019. 


Sunday, 22 July 2018

Public Bank (KLSE: 1295): 22 July 2018, Sunday, 2.38pm Singapore Time

Public Bank (KLSE: 1295): 
22 July 2018, Sunday, 2.38pm Singapore Time
(Click on Technical Chart above to Expand)

Attached is the updated Technicals for Public Bank -- The Donovan Norfolk Rated 2nd Best Bank of Entire Malaysia KLSE since the start of the year 2018. The dark green circled regions are my live calls in January 2016, 1H-2016 and 2H-2016 to scoop up bank stocks cheaply all over the world. Back in 2016, the herd were shouting for market crash and a bear market because the FED rate hikes caused a massive fear and markets were selling off. Singapore was to have technical recession back in 2016 too, and I was calling for bank stocks' buys. 

Most of the followers are now sitting on around +50% profits for Public Bank and their profits will blossom into +100% in the coming resumption of world bank stocks' super rally (see cross reference link attached at the bottom of this analysis).

The first green trajectory measures $6.00 on linear scale and +30.6% on logarithmic scale. This means the next wave of banks' super rally worldwide will bring Public Bank to $28.40 conservative target on the linear scale, and $29.25 logarithmic target on the logarithmic scale. Public Bank may then rest slightly and proceed for probing of prices beyond $30.00 in the secular bull market.

Reiterate:
Public Bank is Ranked the Number 2 Top Bank of Malaysia by The Donovan Norfolk

Side Note:
At target of $29.25, many of these early fans of Donovan Norfolk will have returns of more than +182% profits on such quality stocks. 

Additional Note:
Worldwide bank stocks are expected to shoot through the roof in 2H-2018 and 2019. More waves of super rally in equity markets can be expected in 2H-2018, 1H-2019 and 2H-2019 -- amidst the backdrop of 80% market majority having the conviction of a bear market coming.

Important Cross-Reference:
http://donovan-ang.blogspot.com/2018/07/spdr-financial-select-sector-index.html


MAYBANK (KLSE: 1155): 22 July 2018, Sunday, 11.10am Singapore Time

MAYBANK (KLSE: 1155): 
22 July 2018, Sunday, 11.10am Singapore Time
(Click on Technical Chart above to Expand)

Attached is the updated Technicals for MAYBANK -- The Donovan Norfolk Rated Top Bank of Entire Malaysia KLSE. The 3 dark green circled regions are my live calls in January 2016, 1H-2016 and 2H-2016 to buy bank stocks all over the world. Back in 2016, the herd were shouting for market crash and a bear market because the FED rate hikes caused a massive fear and markets were selling off. Singapore was to have technical recession back in 2016 too, and I was calling for bank stocks' buys. 

Most of the followers are now sitting on more than +50% profits for Maybank and their profits will blossom into +100% in the coming resumption of world bank stocks' super rally (see cross reference link attached at the bottom of this analysis).

The first yellow trajectory measures $3.80 on linear scale and +55% on logarithmic scale. This means the next wave of banks' super rally worldwide will bring Maybank to $12.40 conservative target on the linear scale, and $13.33 logarithmic target on the logarithmic scale. MayBank may then rest slightly and proceed for probing of prices beyond $13.33 in the secular bull market.

Reiterate:
MayBank is Ranked the Number 1 Top Bank  of Malaysia by The Donovan Norfolk

Side Note:
At target of $13.33, many of these early fans of Donovan Norfolk will have returns of more than +100% profits on such quality stocks. 

Additional Note:
Worldwide bank stocks are expected to shoot through the roof in 2H-2018 and 2019. More waves of super rally in equity markets can be expected in 2H-2018, 1H-2019 and 2H-2019 -- amidst the backdrop of 80% market majority having the conviction of a bear market coming.

Important Cross-Reference:
http://donovan-ang.blogspot.com/2018/07/spdr-financial-select-sector-index.html


Saturday, 21 July 2018

Development Bank of Singapore (DBS): 21 July 2018, Saturday, 2.53pm Singapore Time

Development Bank of Singapore (DBS): 
21 July 2018, Saturday, 2.53pm Singapore Time
(Click on Technical Chart above to Expand)

Attached is the updated Technicals for Development Bank of Singapore -- The Donovan Norfolk Rated Top Stock of Entire Singapore SGX. The 3 dark green circled regions are my live calls in January 2016 to buy bank stocks all over the world, especially DBS Bank stocks. Singapore was to have technical recession back in 2016, 90% herd were selling cheaply at $12, calling me ridiculous to buy on bear market and forgotten my track records back then; only my fans and followers were buying. 

The double light green classical supports are the points of +100% profits for my early fans and followers who bought at $12.00-$13.00. They are sitting on +100% profits with 8%-10% dividend yields per annum. The smart monies are protecting these profits with the so many layers of supports as illustrated on chart, because DBS has fundamentals and is the top stock of entire Singapore SGX in my financial modelling.

The first green trajectory measures $10.50 on linear scale and +53% on logarithmic scale. This means the next wave of banks' super rally worldwide will bring DBS to $35.50 conservative target on the linear scale, and $38.00 logarithmic target on the logarithmic scale. DBS Bank may then rest slightly and proceed for $53.42 target using fundamentals-logic derived earlier. 

Reiterate:
DBS Bank is Ranked the Number 1 Top Stock of Donovan Norfolk for Entire Singapore SGX.

Side Note:
At target of $53.42, many of these early fans of Donovan Norfolk will have returns of +334% to +445% on DBS equities, with dividend yields of +8%-+10% per annum. Late fans of 2018 will still enjoy returns of +200% (+100% profits), with dividend yields of +4% per annum.

Additional Note:
Worldwide bank stocks are expected to shoot through the roof in 2H-2018 and 2019. More waves of super rally in equity markets can be expected in 2H-2018, 1H-2019 and 2H-2019 -- amidst the backdrop of 80% market majority having the conviction of a bear market coming.

Important Cross-Reference:
http://donovan-ang.blogspot.com/2018/07/spdr-financial-select-sector-index.html


Thursday, 19 July 2018

SPDR Financial Select Sector Index (Implications for Bank Stocks): 19 July 2018, Thursday, 9.45pm Singapore Time

SPDR Financial Select Sector Index (Implications for Bank Stocks): 
19 July 2018, Thursday, 9.45pm Singapore Time
(Click on Technical Chart above to Expand)


Attached is the Technicals for SPDR Financial Select Sector. It is an ETF, and it can be read as an index consisting of an indicative basket of banking and finance stocks representative of the sector.

The SPDR Financial Select Sector is a good litmus for US and Worldwide Bank Stocks (and Financial stocks). In addition, when banking sector and finance sector rally, stock markets worldwide typically rally as well, and the rallies will often spread to all other sectors.

SPDR Financial Select Sector has completed its Bullish Descending Wedge of large re-accumulation (Blue formation on chart). The Bullish Wedge here is also a Bull Pennant of a sizable scale. The wedge had yesterday achieved a critical breakout to the upside. The breakup was achieved at the 2/3 point of the triangular wedge, meaning it is a perfect breakout execution.

The 2nd green arrow is the expected trajectory and it is a pennant pole measuring x in distance, mirroring the 1st pennant pole (measured x in distance) as illustrated by the 1st green arrow.

It is worth highlighting that the US Trade War was used to shake out fools aplenty in the financial markets. These herding sheeps are very bearish and are calling for either stock market crash or a bear market. The predatory smart monies deem it right to execute bullish breakup of the wedge-pennant now -- to leave behind the herd-majority who are out. This will leave many people behind and turn short-sellers into a charred state.

The Donovan Norfolk Technical Rating:
Worldwide bank stocks are expected to shoot through the roof in 2H-2018 and 2019. More waves of super rally in equity markets can be expected in 2H-2018, 1H-2019 and 2H-2019 -- amidst the backdrop of 80% market majority having the conviction of a bear market coming.


WCT Holdings (KLSE: 9679): 19 July 2018, Thursday, 3.41pm Singapore Time


WCT Holdings (KLSE: 9679): 
19 July 2018, Thursday, 3.41pm Singapore Time
(Click on Technical Chart above to Expand)

Attached is the Technicals of WCT Holdings that is listed in the KLSE (KLSE: 9679).
This stock has successfully sucked in many fools into buying. The herd is bullish based on my ground observation and sees this stock as a buy. However, the stock remains a strongly funds outflow stock. It is entrenched in strong downtrend. Sell on dead cat bounces for WCT which is having an escape wave. Rebounds are merely for confirming that the stock is in cancer stage. Successful backtest of gap-down region in red means successful confirmation of cancer. Buying means gambling as the risk is high. Instead one should be looking to short the stock at gap-down sell pressure region. Bearish for WCT.

FTSE Bursa Malaysia KLCI Index: 19 July 2018, Thursday, 1.20pm Singapore Time

FTSE Bursa Malaysia KLCI Index: 
19 July 2018, Thursday, 1.20pm Singapore Time
(Click on Technical Chart above to Expand)

Attached is the Malaysia KLCI Index. The series of red circled regions and green circled regions show how the markets in Malaysia had turned from an originally intended bear market to a complete new up-trending bull market -- turning long term resistance band at 1709-1732 points to long term support band.

The yellow circled regions are my live warnings in 2016 and 2017 to buy cheaply while market herd were calling for bear market and market crash on rate hikes. This was where I called for maximum bullishness and loaded up good stocks such as Hibiscus Petroleum in 2016 -- at a mere 26 cents as much as I could (http://donovan-ang.blogspot.com/2016/10/hibiscus-petroleum-20-october-2016.html), and also called for it to bottom with the indices and the crude oil market. Many smart followers followed my live buys and loaded at 26 cents, and at current price of 91.5cents, they are sitting on +350% returns. My expectation is +1000% in returns from the bull market for the stock, and it has another 750% journey to go, which is a triangulation of just how much legs the bull market will go (my forewarning is that 2008-2018 is merely 1st leg of bull market, while 2018-2028 is 2nd leg of bull market where majority of gains are to be made for 90% of all stocks across the board).

As previously fore-warned that the sell-off by foreign funds in Malaysia following the Pakatan Harapan election victory would just be backtests of supports and for confirming long term bull market for the upcoming 3 years, and that market herd will mostly be interpreting it as bear market, the market as well as the herd's mentality have been enacting too per my fore-warnings.

Smart monies have now confirmed that the backtests of supports are successful and will be flowing back into the markets in droves. Most of the herd are bearish and full of conviction of a bear market now. This is when the equity market will be executing the brown trajectory per my financial modelling. The time is ripe. In addition, we are now at the confluence of multiple supports as highlighted in light blue on chart. The treacherous backtests of supports have been completed.

From current point which is the mid-term, mid-point and mid-wave of Super-Cycle bull market (refer to all triangulations derived previously in all my live analyses),  we will be continuing the 2nd half of a wave 3 bull market (even wave 5 is far from current point). From current point, based on history, large caps typically have at least another 2x upside, mid caps have at least another 5x upside, and small caps have at least another 10x upside. Research past 50 years of data -- this is a standard economic cycle.


Creative Technology: 19 July 2018, Thursday, 9.40am Singapore Time

Creative Technology:
19 July 2018, Thursday, 9.40am Singapore Time
(Click on Technical Chart above to Expand)

Attached is the Technicals for Creative Technology that is listed in the Singapore SGX. Pole P measures from $1.20 to $10.00, hence: (1) height of pole P = $8.80 in absolute terms (linear chart); and (2) height of pole P = 8.333x in relative terms (logarithmic chart). Hence, Target of Creative Technology is:
 1. Estimated $6.80 + $8.80 = $15.60 in absolute terms (linear chart), representing more than 200% in returns (conservative)
2. Estimated $6.80 x 8.333 = $56.66 in relative terms (logarithmic chart), representing more than 850% in returns (aggressive).


Tuesday, 17 July 2018

Japanese Yen Basket (Index): 17 July 2018, Tuesday, 11.16pm Singapore Time

Japanese Yen Basket (Index):
17 July 2018, Tuesday, 11.16pm Singapore Time
(Click on Technical Chart above to Expand)

Attached is the technicals of the Japanese Yen Basket. The JPY has a bear pennant pole of around 6.00 in measurement (x = 6.00). It has broken down the Yen-Bear Pennant. The projected target down from the breakdown region of 90.00 yields 90.00-x = 84.00 as immediate target. The implication from all these is that with the breakdown of Yen for big JPY wave down, it means stocks-equities worldwide are bullish and ready for the next big wave up.

Intercontinental Exchange Group Inc (NYSE: ICE): 17 July 2018, Tuesday, 3.10pm Singapore Time

Intercontinental Exchange Group Inc (NYSE: ICE) 
17 July 2018, Tuesday, 3.10pm Singapore Time
(Click on Technical Chart above to Expand)

Attached is the Technicals for Intercontinental Exchange Group (ICE) that is listed in the US Market (NYSE: ICE). Intercontinental Exchange (ICE) is the owner of New York Stock Exchange (NYSE). As I expect the next large wave of bull market to resume soon --WITH EXPLOSIVELY HIGH VOLUMES for the next leg of bull market worldwide, I would expect ICE to spike up explosively as well. ICE is currently completing its huge Ascending Triangle of Re-accumulation soon (High Bullishness). Measuring the height of the triangle yields x = $10.00. From breakout at $75.00, immediate target upon breakout is hence $75.00 + x = $85.00 (Upside: +13.33%). ICE is expected to consolidate at $85.00 thereafter, before it will resume its LT upwave beyond $85.00.

The Donovan Norfolk Technical Rating:
Bullish

CME Group Inc (NASDAQ: CME) 17 July 2018, Tuesday, 2.45pm Singapore Time

CME Group Inc (NASDAQ: CME) 
17 July 2018, Tuesday, 2.45pm Singapore Time
(Click on Technical Chart above to Expand)

Attached is the Technicals for CME Group that is listed in the US Market (NASDAQ: CME).
The 1st two green circles illustrate smart money buys. The red volume circled in yellow is bullish absorption (high volume). Thereafter, CME Group engaged in a series of high volume absorption of sells in the market -- forming a rounding bottom of re-accumulation too. We are not far off from the high volume absorption and the re-accumulation volumes by smart monies in Wall Street. The stock has been confirmed for long term uptrend now, as illustrated in the trinity of green circled regions. CME first target being $185 per share upon breakout. Thereafter, it may consolidate and move beyond $185 in the LT. I expect strong bull market to stimulate trading volumes and boost up CME share prices.

The Donovan Norfolk Technical Rating:
Bullish

Sunday, 15 July 2018

USDCNH (USD against Chinese Yuan): 15 July 2018, Sunday, 8.32pm Singapore Time

USDCNH (USD against Chinese Yuan): 
15 July 2018, Sunday, 8.32pm Singapore Time
(Click on Technical Chart above to Expand)

Attached is the Technicals for USDCNH (USD against offshore Chinese Yuan). 

As this is a chart of USDCNH, an upmove means USD up and Chinese Yuan down while a downmove represents USD down and Chinese Yuan up with respect to each other.

The 2 red lines represent an Inverse (Reverse) Bump-and-Run which is essentially similar in nature to Dump-for-Entry. This is very bearish for the Chinese currency. The movement tallies with my earlier fore-warnings on my Facebook Wall Tweets that China will definitely have Chinese Yuan depreciate sharply to circumvent the US Trade Tariffs. Everything is enacting to my early analyses -- the Chinese Yuan plunged a sharp 4400 pips in a short time (around -7.00%) against the greenback and my smart followers made significant profits from the earlier fundamentals-logic deductions.

In the price structure above, note that an inverse bump-and-run means that the Chinese Yuan had already peaked (USDCNH bottomed) and is resuming a very long term downtrend, i.e. USDCNH will go up indefinitely in the current economic cycle. As even the USD itself is expected to peak too in its current dead cat bounce, this means that Chinese Yuan will be some of the weakest currencies of all currencies in the world (except of course the Venezuela Bolivar). From "trade war" which may fizzle out, the next bout may be currency war (the race to the bottom) between the world's number 1 economy and the world's number 2 economy.

The Donovan Norfolk Technical Rating:
Chinese Yuan Bearish against USD and 90% of all currencies worldwide. 
(Chinese Renminbi resumption of long term downtrend)


Saturday, 14 July 2018

DJIA, S&P500, NASDAQ, Commodities and Crude Oil (5-In-1) Technicals: 14 July 2018, Saturday, 4.50pm Singapore Time

DJIA, S&P500, NASDAQ, Commodities and Crude Oil (5-In-1) Technicals: 
14 July 2018, Saturday, 4.50pm Singapore Time
(Click on Technical Chart above to Expand)

Attached is the DJIA, S&P500, NASDAQ, Commodities and Crude Oil (5-In-1) Technicals presented as One Chart. As per the characteristics which I had taught all along (that the NASDAQ and Tech are always the most leading indicators in market cycles and that the Singapore market is the most honest indicator in the world reflecting global economic health), the NASDAQ Composite leads once again. It has broken the key resistance of its large rounding bottom of re-accumulation and backtested the key resistance-turned-support at 7500 points successfully. This means world markets (including laggard DJIA and S&P500) to rally sharply soon. Commodities have also completed their backtesting and confirming their uptrend supports in yellow (refer chart) and ready to resume the next large wave up. All expected trajectories are in green.

The Donovan Norfolk Technical Rating of Worldwide Markets:
Bullish. 
Long Term Bull Market, and Long Term Uptrends Successfully Confirmed.