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Friday, 28 March 2014

MSCI Singapore Index (SiMSCI): 28 March 2014, Friday, 3.40pm Singapore Time

MSCI Singapore Index (SiMSCI): 28 March 2014, Friday, 3.40pm Singapore Time

Attached is the Technical Analysis of the litmus index of the Singapore Stocks and Equities Market: MSCI Singapore. The MSCI Singapore reflects the state of the Singapore stocks and equities market, as well as how the economy will be steering ahead: Bearish.

Added more Shorts on MSCI Singapore (SiMSCI) at 359 and 358 points today.
(MSCI Singapore 359.0 pts is roughly equivalent to Straits Times Index 3175 pts).

As highlighted above, the Singapore stocks market had been under distributional mode from end of 2012 to early 2014. This entire phase involved the Big Hands, Smart Money and Market Movers getting rid and unloading their unwanted babies to the Public, the Market Participants and the Investors including the Investment Fund and Asset Managers. This sets the pace for laying the groundwork for the next bear market.

The capital flight and smart money exodus took place using SiMSCI 334 points-343 points as holding support to aid the distribution. My selling and shorting positions in Stocks, Equities and Singapore Indices the BLACK CIRCLES NUMBERED 1 TO 4 in the chart attached above, as also posted live in my past analyses. BLACK CIRCLE 4 is the current market position hitting multiple resistances (BLUE AND RED RESISTANCES) and is where my warchest of shorts are too.

In addition, as explained comprehensively in past Straits Times Index Analyses, there is a huge wave of selling pressures acting above current positions of the markets (refer to past STI analyses on how this came about).

Once the distributional layer of support of SiMSCI 334 points-343 points breaks down, the distribution officially completes and the bear market will rear its ugly head. Sentiments remain that majority 90% of investors and retailers do not believe in any bear market as economic forecasts are rosy. Such sentiment is a breeding ground for more bearish sell-offs, as all these investors will never get out or exit the markets, with emotions and gut feel ruling over any rationality.

Donovan Norfolk Ang Technical Rating:
(Bearish also on all international stocks and equities)

(Capital flight/exodus from worldwide bank stocks)

(The Great Capital Flight of Emerging Markets)

(Straits Times Index as preview of World Markets)

(Straits Property Index as preview of World Property Markets)

(NASDAQ: turning toppish)

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1 comment:

  1. Sir..plz update about India Index nifty also...thx