Stocks, Forex, Bonds, Indices, Commodities. World Financial Markets.
The Top Holistic Analysis Site.
Learning to be successful means learning from the successful people how they breathe, how they think and how they translate thoughts into actions.
- Donovan Norfolk
Click "Like" to Receive First Hand Updates From The Analysis Site / Click "SHARE" to share
Monday, 7 October 2013
Funds Flow Analysis (FFA): 7 October 2013, Monday, 4.30 pm Singapore Time
Current Latest Computed Funds Flow Analysis (FFA):
ForWorldwide Financial Markets:
7 October 2013, Monday, 4.30 pm Singapore Time
The Donovan Norfolk Ang Funds Flow Analysis Indicator
for Worldwide Financial Markets 7 October 2013 Monday
Broad Markets / Big Markets / Big Wind Directions
European markets are in the 2nd hour of trading, while US markets (Dow, S&P500 and NASDAQ) are 5 hours 00 minutes away from opening.
Based on current latest computational results, Holdings Index Strength of Big Hands changed from +3.827 to +1.407 in strength on the Donovan Norfolk Funds Flow Index Oscillator. On the other front, Big Hands' Puts holdings on hand changed from -0.184 to -0.317 in strength on the Donovan Norfolk Funds Flow Index Oscillator.
Broad/Big Market (Big Wind Direction) Immediate-Term/Short-Term Posture by Big Hands:
+ Majority of market participants had shorted on US Government Shutdown as well as the series of bad events lining up.
+ Per highlighted previously, 6 days ago, it was a day of worldwide retailer longs trampling on retailer longs in the broad markets (i.e. small fishes selling and trying to get out on panic) while the Big Hands shook these weak holders out to buy from them.
+ For today, Big Hands are still consolidating and executing shake-out operations.
+ Big Hands are also testing the market waters at the same time.
+ Big Hands are persistently NO SHORTS despite the out pour of potential bad news flushing out the markets.
+ Retailers are still killing retailers out of mere panic (Small fish trample on small fish) which means one should buy/long and not sell/short.
+ Markets are still bullish-biased in my judgement.
+ Per warned the past 3 weeks, smoke screen had been created to lure shortists to short the markets, and to throw confusion to general market buyers and market participants who are longs or who are investors.
+ Per maintained, worldwide market rallies are still expectedto continue for mid term until all my up-wave targets are hit.
+ Previously the worldwide rallies were judged by me to be merely short-term and for shorting purposes based on DNA-FFA interpretation; however, the worldwide rallies have, since 2 weeks ago, changed in nature to one which is poised for large-wave mid term up-move, essentially one which has some more upside and for fiercer pump-up.
+ Per maintained, the persistent immediate term shallow consolidation of the past few trading days will make this large up-wave dead cat bounce a longer lasting and larger magnitude one.
+ Worldwide International Financial Markets are still inherently Bullish-Biased, especially Asia and Europe.
+ Financial Markets, Commodities Markets, Gold, Silver and Forex markets (AUD, EUR, CAD, GBP, NZD, CHF etc) are still expected to have some more upside against USD, and this upside is expected to be healthy per maintained.
+ Expectations are still unchanged: FCPO 3000RM as target, Gold $1500-$1550 as first target and $1750-$1800 as second target, Silver $30.00 as target, Golden Agri (Palm Oil Stock) S$0.60 as 1st target and S$0.74 as 2nd target, AUDUSD $0.96 as first target and $1.00 parity as 2nd target, USDJPY ￥83.54-￥84.00 as final target, India CNX Nifty Index 6188-6320 as up-move target.
+ And the ULTIMATE BIG TARGET: Stocks Worldwide and across the international boards to rally on every overbought and on top of public disbelief. + Emerging Markets and Peripheral European Markets are expected to outperform: Risk on Rallies worldwide still expected together with Gold, Silver and Commodities.
* Technical Rebounds expected in weak currencies such as Ringgit, Rupiah, SGD, Philippines Peso, Indian Rupee, Korean Won, HKD, Thai Baht, Russian Ruble, Middle-East currencies and currencies that were hammered in August 2013.
* Canadian Dollar, Brazilian Real and Australian Dollar make good buy-on-dips.
* World Markets to continue pushing up for Technical Rebounds when everyone is shorting and judging that we are at peak currently.
+ All major indices worldwide will continue to rally until I turn bearish.
+ This super rally will burn all LATE SHORTS out there who to tried to beat the markets in judging that markets were toppish, peakish or bearish on a series of bad news line-ups (War, Government Shut-down, Poor economic data, Debt Ceiling Failure).
Broad/Big Market (Big Wind Direction) 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.