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Thursday, 19 September 2013
Funds Flow Analysis (FFA): 19 September 2013, Thursday, 6.30pm Singapore Time
Current Latest Computed Funds Flow Analysis (FFA):
ForWorldwide Financial Markets:
19 September 2013, Thursday, 6.30pm Singapore Time
The Donovan Norfolk Ang Funds Flow Analysis Indicator
for Worldwide Financial Markets 19 September 2013 Thursday
Broad Markets / Big Markets / Big Wind Directions
European markets are in the 4th hour of trading, while US markets (Dow, S&P500 and NASDAQ) are 3 hours 00 minutes away from opening.
Based on current latest computational results, Holdings Index Strength of Big Hands changed from -0.677 to + 0.001 in strength on the Donovan Norfolk Funds Flow Index Oscillator. Big Hands' Puts Holdings changed from -4.209 to -3.018 in strength on the Donovan Norfolk Funds Flow Index Oscillator.
Broad/Big Market (Big Wind Direction) Immediate-Term/Short-Term Posture by Big Hands:
+ Big Hands doing consolidations.
+ Neutral consolidations with persistent puts.
+ Big Hands had already priced in this NO-TAPERING by FED in the past 4 weeks.
+ Now Big Hands can either:
+ 1) Pump further to create shorting set-ups to accumulate shorts or
+ 2) Start selling down
+ Currently, Option 1 has higher probability based on FFA set-up, i.e Markets still have some remaining and lingering last wave upside to create Shorts set-up.
+ Based on current Funds Flow Analysis set-up, Big Hands will go into consolidation mode in the next few days to adopt a wait-and-see approach in holdings: If internationally, everyone is buying now, they will start shorting; if majority are shorting skeptically, they will buy some more and rally up some more in the financial markets.
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.