Tuesday, 19 November 2013

Funds Flow Analysis (FFA): 19 November 2013, Tuesday, 3.25pm Singapore Time



Current Latest Computed Funds Flow Analysis (FFA):
For Worldwide Financial Markets:
19 November 2013, Tuesday, 3.25pm Singapore Time
The Donovan Norfolk Ang Funds Flow Analysis Indicator 
for Worldwide Financial Markets 
19 November 2013, Tuesday
Broad Markets / Big Markets / Big Wind Directions

European markets are 0 hour 35 minutes away from opening for trading, while US markets (Dow, S&P500 and NASDAQ) are 7 hours 05 minutes away from the opening bell. 

Based on current latest computational results, Holdings Index Strength of Big Hands changed from -7.725 to -2.939 in strength on the Donovan Norfolk Funds Flow Index Oscillator. On the other front, Big Hands' Puts Holdings on hand changed from -3.704 to -2.835 in strength on the Donovan Norfolk Funds Flow Index Oscillator. 

Broad/Big Market (Big Wind Direction) Short-Term / Mid-Term Posture by Big Hands:

+ Big Hands/Smart Money are still shorts-biased.
+ Short-mid term outlook: Big Hands worldwide are still waiting to execute short-mid term corrections worldwide.
+ Outlooked of correction intention changed from short term sell-off correction to mid term sell-off correction.
+ Backtesting of the DNA-FFA Action Zone (refer above chart) conducted by the Big Hands for Bearish Confirmation today.
+ Short Term Corrections worldwide have not ended yet.
+ Forex markets will react first: EURUSD, GBPUSD, Canadian Dollar, Japanese Yen, Swiss France, AUDUSD,NZDUSD to resume correction down again. 
+ Western World preparing to go into correction.
+ World financial markets undergoing regional rotation of hot money in a larger scale now.
+ Hot money from Western world are rotated into China.
+ Western financial markets to execute corrections, while China to go the reverse and move up.
+ Hong Kong equities, Hang Seng Index and Hong Kong financial market, in particular, will then be slapped concurrently by both bearish correctional influence from Western markets and bullish influence from China; result: high volatility and whipsaws; however, China may have more influence on the highly volatile Hang Seng Index and Hong Kong market.
+ Last wave of short term selling climax is still to be expected. Note that if the -10.000 maximum shorts cannot bring about a sell-down climax, the long term outlook for world international financial markets will reverse into a long term bull market.
+ Some protections and cautions are still warranted if one is late longs in Stocks, Equities, Indices, Commodities, Forex: EURUSD, GBPUSD, AUDUSD, NZDUSD, CANADIAN DOLLAR CAD, SWISS FRANC CHF AND JAPANESE YEN JPY, Gold, Silver, Crude Palm Oil and Crude Oil. 

Posture:
+ Market-Movers are still looking to execute short term sell-down on indices, index stocks, big cap stocks and mid cap stocks worldwide as per reiterated 2 weeks ago (Note: penny stocks and small caps do not need to respond to index/big market corrections).
+ Short-term Corrections are expected to be executed with more impulse; however, do bear in mind that mid-term worldwide market outlook is still upwave-biased despite this anticipated short term sell-down with potential force.

+ The following are the short term sell-down correction targets as per reiterated since 2 weeks ago:

(you might like to refer to the accompanying detailed analysis links attached too):

1. Malaysian FKLI: 
1,790 points and a whipsaw just below 1790 points as first target. ---> TARGET HIT ON 12 NOV 2013
and 
breakdown of 1780 points as second target  ---> TARGET HIT ON 13 NOV 2013

3. India NIFTY Index: 
5750 points

4. UK FTSE100: 
6500-6550 points.

5. US NASDAQ Composite: 
3700 points.

6. Germany DAX: 
8700-8750 points. 

7. EURO STOXX 50:
2930-2950 points
(refer: http://donovan-ang.blogspot.sg/2013/11/euro-stoxx-50-index-11-november-2013.html)

 7. Dow Jones Industrial Index (DJIA):
14750 points as first target
and 
breakdown of 14750 points as second target
(refer: http://donovan-ang.blogspot.sg/2013/11/dow-jones-industrial-average-19.html)

8. EURUSD: 
1.34000 ---> TARGET HIT ON 7 NOV 2013 
9. GBPUSD: 
1.59000 as first target ---> TARGET HIT TWICE IN NOV 2013
and 
1.57000-1.57500 as second target

10. NZDUSD: 
0.81000

11. AUD, NZD, EUR, GBP, JPY, CAD, CHF will generally be weak until the corrections end. 

+ FFA Litmus Test Results:
Short-term corrections are expected to be executed with more force now in International financial markets worldwide: Stocks, Equities, Indices, Commodities, Forex: EURUSD, GBPUSD, AUDUSD, NZDUSD, CANADIAN DOLLAR CAD, SWISS FRANC CHF AND JAPANESE YEN JPY, Gold, Silver, Crude Palm Oil and Crude Oil. These are, however, still within a mid-term relief rally bounce and any short term corrections are to be judged as healthy retracements within the larger mid-term upwaves.

+ Below are the much larger mid-term upwave targets that still hold:

+ Financial Markets, Commodities Markets, Oil, Gold, Silver and Forex markets (EURUSD, GBPUSD, Swiss Franc, Japanese Yen, Canadian Dollar, AUDUSD, NZDUSD) are still expected to have some more upside against the US Dollar, and this upside is expected to be healthy until I turn big reversal.

+ Expectations are still unchanged: FCPO 3000RM as target, Gold $1500-$1550 as first target and $1750-$1800 as second target, Silver $30.000 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 break-out of 6320 points for uncharted rally as second target, and Oil $118.00-$120.00 as tentative target, FKLI 1900 points as target, or until I turn big reversal.

+ Special Note: 
Each of the respective asset class markets (Gold, Silver, Crude Oil, Palm Oil, Commodities, Forex, Stocks and Worldwide Stock Market Indices) have moved in my directions since.

+ So far, only Indian Nifty Index, AUDUSD has hit initial targets as above listed. 
+ More upsides in worldwide financial markets (Stocks, Equities, Indices, Commodities, Forex: EURUSD, GBPUSD, AUDUSD, NZDUSD, CANADIAN DOLLAR CAD, SWISS FRANC CHF AND JAPANESE YEN JPY, Gold, Silver, Crude Palm Oil and Crude Oil)  are still expected after this short term correction selldown (refer past analyses).
+ Japan's QE effects are wearing out, Nikkei-225 may become the weakest link of international financial markets when the rising tide ends.

Broad/Big Market (Big Wind Direction) Long Term Outlook by Big Hands:

The depth of this anticipated short term sell-down will reveal clearer skies and whether previous long term outlook still hold.

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Donovan Big Hands Funds Flow Computational Oscillator
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Donovan's Funds Flow Analysis Index Oscillator:
-10 ----- 0 ------+10
Donovan's Funds Flow Analysis Strength-Index Scale Key:
negative (-ve) = shorting;
positive (+ve) = longing;
0: No shorts and no longs (direction-less)
1-2: Weak strength / weak holdings
3-4: Moderate strength / moderate holdings
5-6: Strong strength / high holdings
7-8:Very strong strength / very high holdings
9-10:: Rally Mode in store if +ve / Plunging Mode in store if -ve

Implication of Broad Markets/Big Markets/Big Wind Indices Directions
If it is a rising tide in Index Big Wind, most or almost all stock boats generally rise;
If it is a receding tide in Index Big Wind, most or almost all stock boats generally go lower.
Hence the importance of Big Wind Directions blown by Big Hands.



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