Saturday, July 17, 2010

Weekly Review : NYSE JOB Growth?

1)US output recovered in early 2009, but the number of people employed kept falling.
2)Productivity increase...

American workers have been squeezed because needed to work longer hours for the less/same pay. US corporates have not hired aggresively, so it create low job growth.

There's some point where Corporate will start hire aggresively due to demand is not collapse.

Buffett Doesn’t See Double Dip

In an interview with The Huffington Post, Warren Buffett says the economy is “coming back”, and that we are not in the early stages of a depression, as some have suggested. Buffett says it takes time to recover from a crisis like the one we saw in 2008. “But we’re coming back,” he says. “There’s no question in my mind we’re coming back.”

Video Link:-

BOUSTEAD -Acquisition of equity interest

In relation to a propsed acqusitio announced on 11 Jun 2010 that the company had entered into with UEM group berhad (UEM) for the acquisition of UEM's entire 86.81% equity interest in Pharmaniaga, Affin Investment bank berhad has, on behalf of the company, submitted an application to the Equity Compliance Unit of Securities Commission.

Thursday, July 15, 2010

Reverse Split : Good or bad?


Singapore GDP

Singapore forecasts an annualised 2Q GDP growth of 19.3% YoY (an increase of 17.3% expected) vs a 16.9% rise last quarter. The Country's Ministry of Trade and Industry expects economic growth to expand by 13%-15% in 2010 from an earlier forecast of 7%-9%.

Wednesday, July 14, 2010

Technical Analysis : BAC -> Bullish? Why?

BAC completed a nice rebounce on its $13.50 support line and upward trendline after its share price has rallied for more than a week. This indicates that the counter has prepared well for further upside gains. Its share price is now back towards the moving average while its weekly MACD and DMI are bullish. As its RSI(47.96) is getting closer to the overbought level, a minor pullback is expected in near term.  Place relevant stop loss.
Trading Target Price : 17.50-18.50
12-month Target Price : 22.43

Disclosure of Interest:-
Author has an interest in Bank of America share.
Risk Rating : 5/10

Technical Analysis : Bank of America - Bullish ?

Sunday, July 11, 2010

Top-Down Market Timing: Technical Analysis on S&P 500 (US)

S&P : Expect 1080-1100
Alternative Scenario : the downside breakout of 1054 will open the way to 1037 & 1032.
Comments : A support base has shaped @1054 and allowed for a further rise. Expect 1080-1100.