FTSE ST Financial Index, DBS, UOB and OCBC: A Comparision, 27 July 2018, Friday, 8.55am Singapore Time

FTSE ST Financial Index, DBS, UOB and OCBC: A Comparision, 
27 July 2018, Friday, 8.55am Singapore Time

(Click on Technical Chart above to Expand)

Attached is the Technicals for FTSE ST Financial Index, DBS, UOB and OCBC. The FTSE ST Financial Index is used as the benchmark for comparison. The financial index whipsawed below the band of moving averages during this healthy correction. This correction caused the herd to read the market as all supports broken (naive reading) and caused them to exit the markets completely. Markets used this chance, when the 90% herd are out and most traders are shorting, to rally strongly. This will cause maximum damage to the herd.

During this correction, volumes were low meaning the stocks were passed from the weak mental strength herd to the hands of the smart monies. In the comparison analysis, DBS and UOB outperformed the benchmark financial index, refusing any whipsaw along the way. OCBC was on par with the benchmark and hence the weakest bank among the 3 Singapore Banks. DBS only gently touched the 200EMA showing why it had been the strongest bank among the 3 local banks in Singapore. If one is buying any bank stock and is spoilt for choice, then DBS is the top bank stock of Singapore.

Side-Note:
DBS Bank is the Top Stock of Entire Singapore SGX in The Donovan Norfolk Ranking of All Stocks.

Additional Note:
Worldwide bank stocks are expected to shoot through the roof in 2H-2018 and 2019. More waves of super rally in equity markets can be expected in 2H-2018, 1H-2019 and 2H-2019 -- amidst the backdrop of 80% market majority having the conviction of a bear market coming.

Important Cross-Reference:
http://donovan-ang.blogspot.com/2018/07/spdr-financial-select-sector-index.html

Donovan Norfolk Ang

FTSE ST Financial Index: 5 January 2017, Thursday, 1.30am Singapore Time

FTSE ST Financial Index: 

5 January 2017, Thursday, 1.30am Singapore Time

Attached above is the FTSE ST Financial Index reflecting the performance of the banking and finance sector. All the banks will keep rallying for the rest of 2017. 

Be invested in the banks worldwide.

Be invested in the 3 Singapore Banks: DBS Bank, UOB Bank and OCBC Bank.

Investors will be rewarded with dividends and capital appreciation profits in 2017.

Ride until Straits Times Index rockets past 4000 points.

Note:

【Worldwide stock markets to have super rally in 2017.】

Donovan Norfolk Ang

FTSE ST Financial Index: 26 June 2014, Thursday, 3.10am Singapore Time

FTSE ST Financial Index: 26 June 2014, Thursday, 3.10am Singapore Time

Chart courtesy of Chartnexus.com

Financial markets confirming the Bear Market Transition as per warned end-2013 and 1H-2014.

This is now being executed as above.

Bear market transition has been confirmed for FTSE ST Financial Index at 834.23 points.

Bank Stocks, Finance Stocks and the Banking and Finance Sector have peaked. 

This is also in line with the peaked property sector.

We are transiting into bear market from now on.

Donovan Norfolk Technical Rating:

Bearish

Bear Market Transition

(Sell on Rebounds)

Donovan Norfolk Ang

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FTSE ST Financial Index: 2 February 2014, Sunday, 11.35pm Singapore Time

FTSE ST Financial Index:

2 February 2014, Sunday, 11.35pm Singapore Time

Chart courtesy of Chartnexus.com

Attached above is the FTSE ST Financial Index showing THE LARGE TRIPLE DISTRIBUTION OF FINANCIAL STOCKS TO THE PUBLIC, RETAIL INVESTORS AND SMALL FISHES in the stocks and equities markets.

1. The First Long Term Warning was achieved by a breakdown of the PINK SUPPORT in May 2013 as illustrated above.

2. The Subsequent Long Term Warning was delivered by a breakdown of the BLACK SUPPORT in June 2013 as illustrated above.

3. The Long Term Down-trend Warning Signal was double-confirmed in July and August of 2013: WARNING TO GET OUT OF ALL FINANCIAL MARKET INVESTMENTS BASED ON TECHNICALS ABOVE

4. The rest of 2013 was a set up merely to facilitate for the next phase of sharp mark-down stage: A FURTHER DISTRIBUTION AT WORK for long term investment funds to get out. 

5. This entire affair set up the Bearish Descending Triangle above as a consolidation.

6. This Descending Triangle has been completed and awaiting the HIGH VOLUME BREAK-DOWN as illustrated above.

7. As Big Hands in Financial Markets Worldwide are calculated to be back in Shorting Phase since November and December of 2013, and have large Shorts Holdings in the Big Wind Directions as per warned in November-December of 2013, this Descending Triangle will be executed for break-down.

8.  The projected initial target of this sell off phase for the Financial Stocks Index (FTSE ST Financial Index) is a plunge to 692.88 points. 

9. This means banks and financial stocks have high downside as per warned since November and December of 2013.

10. This entire worldwide sell-down is very far from finished yet.

11. Long term investors, as warned, will have significantly damaged portfolio even if it is consisted of blue chips, safe REITS, big bank stocks, or safe dividend stocks.

12. The above Descending Triangle is a conservative one.

13. The below Descending Triangle is a more aggressive one whose breakdown will result in something more disastrous during this selling wave to come.

FTSE ST Financial Index:

2 February 2014, Sunday, 11.35pm Singapore Time

14. This larger triangular break-down will result in a drop into the YELLOW CONSOLIDATED OPERATIONAL ZONE and a final target of 638.88-650.00 points

Donovan Norfolk Rating: 

1. Straits Times Index and FTSE ST Financial Index both very bearish with much more downsides until the targets above are hit for consolidation phase.

2. World Banking Stocks are also poised for a sell-off until the FTSE ST Financial Index Targets are hit.

Donovan Norfolk Judgement:

Highly Bearish for the long term.

Unload/Sell/Short on every Rebound
Worldwide Bank Stocks Bearish now 

As Banking and Financial Sector are the arteries of economic activities, this further signals weakness in stocks, equities and financial markets worldwide.

RELATED: THE GREAT CAPITAL FLIGHT OUT OF WORLDWIDE BANK STOCKS:

Citigroup (U.S): http://donovan-ang.blogspot.sg/2014/02/citigroup-inc-3-february-2013-monday.html

DBS Bank (Singapore): http://donovan-ang.blogspot.sg/2014/02/dbs-3-february-2014-monday-1230am.html

HSBC Bank (U.K, Hong Kong): http://donovan-ang.blogspot.sg/2014/02/hsbc-holdings-hkse-3-january-2014.html

OCBC (Singapore): http://donovan-ang.blogspot.sg/2014/02/ocbc-bank-3-february-2014-monday-240am.html
JP Morgan (U.S): http://donovan-ang.blogspot.sg/2014/02/jp-morgan-3-february-2014-monday-757am.html
Bank of America (U.S): http://donovan-ang.blogspot.sg/2014/02/bank-of-america-3-february-2014-monday.html

Market Update: http://donovan-ang.blogspot.sg/2014/01/market-forecast-update-31-january-2014.html

RELATED: THE GREAT CAPITAL FLIGHT OUT OF EMERGING MARKETS:

http://donovan-ang.blogspot.sg/search/label/SET%20Index

Donovan Norfolk Ang

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