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Monday, 16 September 2013
Funds Flow Analysis (FFA): 16 September 2013, Monday, 2.55pm Singapore Time
Current Latest Computed Funds Flow Analysis (FFA):
ForWorldwide Financial Markets:
16 September 2013, Monday, 2.55pm Singapore Time
The Donovan Norfolk Ang Funds Flow Analysis Indicator
for Worldwide Financial Markets 16 September 2013 Monday
Broad Markets / Big Markets / Big Wind Directions
European markets are 5 minutes away from opening for trading, while US markets (Dow, S&P500 and NASDAQ) are 6 hours 35 minutes away from opening.
Based on current latest computational results, Holdings Index Strength of Big Hands changed from +1.405 to +4.332 in strength on the Donovan Norfolk Funds Flow Index Oscillator. Big Hands' Puts Holdings changed from -4.705 to -4.825 in strength on the Donovan Norfolk Funds Flow Index Oscillator.
Broad/Big Market (Big Wind Direction) Immediate-Term/Short-Term Posture by Big Hands:
+ Strong Buys today with slight addition of puts.
+ Big Hands increased strongly in longs and held on to puts holdings, still attempting to make this overall switch to longs a progressively healthy one.
+ Markets in consolidation mode but still expect rally any time and bullish biased.
+ Current State: Markets still bullish-biased, as per warned since 31 August 2013, with Big Hands on the longs/buying side, however, with persistent non-insignificant amount of puts protections against suddenly selling.
+ Big Hands still expecting breakthrough rallies as per warned for the past 2 weeks.
* AUDUSD (Forex), EURUSD (Forex), Commodities, Gold, Silver, Worldwide Stocks, Worldwide Indices and Crude Palm Oil all expected to remain bullish per warned 31 Aug 2013.
* USDJPY expected to be bearish per warned since 31 Aug 2013.
* No change in stand (refer to my turning point stands since 31 August 2013).
Broad/Big Market (Big Wind Direction) Mid-Long Term Outlook by Big Hands:
+ Weak markets (e.g. Philippines, India, Korea etc) had entered into Bear Market Zones at high points previously.
+ Strong markets (e.g. US, Singapore, Germany, etc) had held on to critical supports temporarily and will attempt to bounce off these critical supports; these critical supports will get tested repeatedly (their critical supports are still being tested currently).
+ US markets (DJIA, S&P500 and NASDAQ) will go on to make all time new highs while all other markets are still in support-turned-resistance testing modes.
+ Rebounds of emerging economies will merely be dead cat bounces.
In essence, there will be 3 groups of BIG MARKET MOVEMENTS from now:
1st Group (Weak Markets):
Weak markets such as Korea KOSPI , Philippines, Indonesia, Spain IBEX etc.
These markets already broke down critical supports which denote initial bear market stage; these will do dead cat bouncing back-tests (falling knife dead cat rebounds).
Sell on rebounds.
2nd group (Mid-strength Markets):
Singapore STI, Hong Kong HSI, UK FTSE100, France CAC, Italy MIB, Spain etc
These markets will rebound off critical supports now (STI 2925-3065 pts, HSI 19000-19500 pts, FTSE-UK 5900-6000 pts as analysed previously), with no breakdowns yet. Refer to all past technical analyses.
Ride, observe and be cautiously ready to sell.
3rd grp (Strong Markets):
US Markets of S&P500, DJIA and NASDAQ, German DAX as well as Malaysian KLCI
These markets may hover at all time new highs and throw a big array of confusions to traders, investors and analysts. While US hover around all time new highs, weak markets' rebounds will confirm bear market and mid-strength markets may transit to bear market phase in this rebound.