Thursday, 21 November 2013

Funds Flow Analysis (FFA): 21 November 2013, Thursday, 5.00pm Singapore Time



Current Latest Computed Funds Flow Analysis (FFA):
For Worldwide Financial Markets:
21 November 2013, Thursday, 5.00pm Singapore Time
The Donovan Norfolk Ang Funds Flow Analysis Indicator 
for Worldwide Financial Markets 
21 November 2013, Thursday
Broad Markets / Big Markets / Big Wind Directions

European markets are in the first hour of trading, while US markets (Dow, S&P500 and NASDAQ) are 5 hours 30 minutes away from the opening bell. 

Based on current latest computational results, Holdings Index Strength of Big Hands changed from -6.621 to -10.000 (MAXIMUM STRENGTH) in strength on the Donovan Norfolk Funds Flow Index Oscillator. On the other front, Big Hands' Puts Holdings on hand changed from -2.835 to -4.115 in strength on the Donovan Norfolk Funds Flow Index Oscillator. 

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

+ As per warned before it happened, Markets sold off sharply yesterday in Spain, Europe and Asia for a second consecutive trading day; markets also sold off in US yesterday as per warned 2 hours 40 minutes before the NYSE/OMX (DJIA, S&P500 and NASDAQ) opened for trading.
+ As per warned too for the past few days, financial markets in India, Philippines, Hong Kong, Singapore, Malaysia, Spain, Italy, France etc (in essence Asia and Europe) had resumed short-mid term sell-down which was reiterated that the selling has not ended yet.
+ Big Hands have for a second attempt piled up Shorts to the Maximum now.
+ Big Hands' puts have also piled up all over again
+ Big Hands/Smart Money worldwide are still shorts-biased.
+ Short-mid term outlook: Big Hands worldwide are still executing short-mid term sell-offs worldwide.
+ Timeframe of correction intention will now be changed from short-term correctional sell-off to short-mid term correctional sell-off.
+ Backtesting of the DNA-FFA Action Zone (refer above chart) was conducted by the Big Hands for Bearish Confirmation per warned 2 days ago.
+ Big Hands have not only held on to their shorts, but piled up wave after wave of massive shorts.
+ Big Hands' puts are still speculative in nature and not for protections.
+ Short Term Corrections worldwide have not ended as per reiterated many times previously. This is despite any immediate term rebounds which was to confuse market participants worldwide and to trigger weak holders' stops (refer previous special write-ups).
+ Dow Jones Industrial Avg Index, S&P500 Index and NASDAQ Composite Index will continue to sell off when it opens in 5 hours 31 minutes time.
+ Forex markets had also reacted again per my analyses: USDJPY, EURUSD, GBPUSD, Swiss France, Canadian Dollar, AUDUSD,NZDUSD to resume correction down again. 
+ Last wave of short term selling climax is still to be expected. Note that if the attempted -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.
+ Any immediate rebound is still a short, until the short-mid term correction ends.
+ International Financial Markets worldwide are officially entering into critical stage from 20 Nov 2013 till end of 2013.
+ 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 UPDATED 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
and 
1776 points as third target
and 
breakdown of 1776 points as forth target

3. India NIFTY Index:
6001 points as first target ---> FIRST TARGET HIT TODAY 21 NOV 2013
and

4. UK FTSE100: 
6500-6550 points.

5. Germany DAX: 
8700-8750 points. 

8. US NASDAQ Composite: 
3700 points

9. EURO STOXX 50:
2930-2950 points

10. Dow Jones Industrial Index (DJIA):
14750 points as first target
and 
breakdown of 14750 points as second target

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

13. NZDUSD: 
0.81000

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


+ 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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