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Monday, July 22, 2013
POEMS Protrader Training- 22 July 2013
I am holding a training session to educate my clients on How to Maximise Profit and Manage Risk through POEMS Protrader. I like to open this session to anyone who is interested to understand this trading tool. The session will be held at Phillip Capital Presentation Room on Level 6 of Raffles City Tower from 6.30pm to 7:30pm TODAY. All are welcome to join me.
All posts and charts are for educational and illustration purposes only
Thursday, July 18, 2013
Friday, July 12, 2013
Thursday, July 11, 2013
Master the Markets - Oct/Nov 2013
http://www.cyberquote.com.sg/Education/CourseDetails.aspx?courseID=CD0000053
Course Details | |
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Tuesday, July 9, 2013
Robin Ho's Market Insight & Foresight
For more details and to sign up, please visit http://www.cyberquote.com.sg/Education/CourseDetails.aspx?courseID=CD0000095
Enquiries: Call 65050192/99/96 or Email: enquiries@cyberquote.com.sg
All posts and charts are for educational and illustration purposes only
Monday, July 8, 2013
Friday, July 5, 2013
Gold
This Blog has been bearish on Gold since the beginning of this
year, warning of the start of a bear market on the yellow metal .
Let me try to summarize why Gold is plunging from the FA and TA
perspective
QE Factor
The advent of the QE helped gold to catapult from
$800 in 2008 to $1900 in 2011. Gold has benefited from its role as insurance
against a very expansionary monetary policy in the U.S and
Europe.
After hitting a high of 1800 in October of 2012, gold has plunged 35% and dropped dropped to a recent low of $1,200. What has changed since the fall to make this safe haven investment not so safe? . The idea of the Federal Reserve ending QE has returned as the major theme driving markets. With Fed hinting of wind-downing QE, possibly by the end of the year. Buying Gold as an insurance to hedge against QE is becoming obsolete in a low inflation environment where the U.S. dollar trades on the strong side. Coupled with improving US economic data, the US Tsy 10yr yield jumped from 1.6% to 2.6 from November 2012 to Jun 2013.
After hitting a high of 1800 in October of 2012, gold has plunged 35% and dropped dropped to a recent low of $1,200. What has changed since the fall to make this safe haven investment not so safe? . The idea of the Federal Reserve ending QE has returned as the major theme driving markets. With Fed hinting of wind-downing QE, possibly by the end of the year. Buying Gold as an insurance to hedge against QE is becoming obsolete in a low inflation environment where the U.S. dollar trades on the strong side. Coupled with improving US economic data, the US Tsy 10yr yield jumped from 1.6% to 2.6 from November 2012 to Jun 2013.
India and China Factor
According to a US money manager GMO, between 2000 and 2001,
consumer in emerging markets accounted for 79 pct of total demand , thus Gold
prices closely tracks the economy of China and
India. The downturn in the China's economy also weigh on
gold prices as the world's second largest economy is also the second largest
consumer of gold.
Lately India, the largest consumer of Gold has taken
steps to curb gold imports.
All these factors are damaging the appeal of gold.
Emerging Markets Factor
Emerging markets currencies like
the rupees, rupiah and aud has fallen 10-15% in the last 3 months.
The
weakening of emerging market's currencies and the declining current account
balance are slowing the demand of Gold in the emerging markets.
Will gold fall further?
-- As a trader, $1,200 is a critical level that sits right at the longterm trendline support and it marks a 50% retracement (from $800 in 2008 to $1900 in 2011) , it briefly touched this level and rebounded. The real technical support of Gold lies between the $950 to $1,000 region where it traded between Jan 2008 to Mar 2009. I believe Gold will attracted to the $1,000 round number level and will eventually reach this price objective.
-- As a trader, $1,200 is a critical level that sits right at the longterm trendline support and it marks a 50% retracement (from $800 in 2008 to $1900 in 2011) , it briefly touched this level and rebounded. The real technical support of Gold lies between the $950 to $1,000 region where it traded between Jan 2008 to Mar 2009. I believe Gold will attracted to the $1,000 round number level and will eventually reach this price objective.
All posts and charts are for educational and illustration purposes only
Thursday, July 4, 2013
Tat Hong - Broke down from uptrend channel
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Wednesday, July 3, 2013
Friday, June 28, 2013
Hang Seng Index - Broke out of downtrend channel
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Thursday, June 27, 2013
Wednesday, June 26, 2013
Tuesday, June 25, 2013
KL Index - Bearish technical breakdown today
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Monday, June 24, 2013
Master The Markets Stock Course June 2013
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Friday, June 21, 2013
Dow Jones - Start of downtrend
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Thursday, June 20, 2013
Tuesday, June 18, 2013
UOB - Rebound Could Be Over Soon
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Monday, June 17, 2013
Thursday, June 13, 2013
Wednesday, June 12, 2013
MARKET SUFFERS FROM WORRIES OF BECOMING NORMAL AGAIN
After many years of being drugged by easy money from central bank, signs of normalisation is causing the market to wobble! Central bankers believe that driving up stock prices could lead to economic growth because they encourage consumer to spend., push down currencies and pumping up asset prices. Now instead of investor following the markets, they are studying the economics numbers to anticipate the central bankers next move.. All eyes are now focus on the next FOMC on 18-19 Jun to see if Fed will normalise the market thru tapering of QE
All posts and charts are for educational and illustration purposes only
Tuesday, June 11, 2013
Friday, June 7, 2013
Thursday, June 6, 2013
Wednesday, June 5, 2013
Tuesday, June 4, 2013
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