Wednesday, 6 November 2013

Funds Flow Analysis (FFA): 6 November 2013, Wednesday, 4.30pm Singapore Time



Current Latest Computed Funds Flow Analysis (FFA):
For Worldwide Financial Markets:
6 November 2013, Wednesday, 4.30pm Singapore Time

The Donovan Norfolk Ang Funds Flow Analysis Indicator 
for Worldwide Financial Markets 
6 November 2013, Wednesday
Broad Markets / Big Markets / Big Wind Directions

European markets are in the first 30 minutes of trading, while US markets (Dow, S&P500 and NASDAQ) are 6 hours 00 minutes away from the opening bell. 

Based on current latest computational results, Holdings Index Strength of Big Hands changed from -1.986 to -3.745 in strength on the Donovan Norfolk Funds Flow Index Oscillator. On the other front, Big Hands' Puts holdings on hand changed from -6.267 to -5.097 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 continue to execute sells for the 4th consecutive trading day (since last Friday) and doing so, while holding bloated amount of PUTS, without causing much price change (something is brewing short term and for which one has to be cautious of).
+ Big Hands' Puts since last week are in the money (i.e. in profits).
+ Big Hands took slight profits of PUTS today.
+ Big Hands' Shorts in Holdings have now become shorts of some strength
+ Majority of Big Hands' Bearish PUTS are still held in place
+ Big Hands' persistence in Puts (refer chart above) coupled with switch to shorts are now showing signs of intentions: Short-Term Correction brewing strong now.
+ 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 last week.
+ Short-term Corrections are expected to be executed with more force now; 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.

+ As the Puts kept on increasing, short-term corrections within the larger mid-term upwave is expected to be in place now. The following are the short term sell-down correction targets as per reiterated since last week:

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

1. Malaysian FKLI: 1,790 points and a whipsaw just below 1790 points.(refer: http://donovan-ang.blogspot.sg/2013/10/fkli-index-25-october-2013-1215pm.html) 
2. Hong Kong Hang Seng Index: 22,000 points and 22,770 points (http://donovan-ang.blogspot.sg/2013/11/hang-seng-index-6-november-2013.html)
3. UK FTSE100: 6500-6550 points.
4. European Euro STOXX50: 2804 points.
5. US NASDAQ Composite: 3700 points.
8. GBPUSD (BritishPound-USD): 1.59000 as 1st target and 1.57000-1.57500 as 2nd target
9. NZDUSD (NewZealandDollar-USD): 0.81000
9. 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:

All Markets are currently attempting to negate long term bear structures.
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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