Year: 2016

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Further woes in oil…

Further woes in oil…

Now this is something to wake up to. OPEC members mainly Saudi Arabia and its nemesis Iran bickering over oil production. Saudi Arabia is demanding that Iran and Iraq participate in the reduction scheme whereas Iran is not agreeable and retorted that Saudi Arabia had benefited the most when Iran, Libya and Nigeria were frozen…

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Tracking the latest SPX movements

Tracking the latest SPX movements

On November 21st I commented about the potential movements of the S&P 500 and it took scenario 1 with a bull candle and went higher. It has broken all my #WAWS resistance lines and traded higher. Yesterday we saw some selling pressure coming into the S&P 500. The question now is that, is this the top…

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Ringgitttttttttttttttttt…….Lookout below….

Ringgitttttttttttttttttt…….Lookout below….

Yesterday’s Malaysian Ringgit price action versus the US Dollar certainly caused a lot of concern for fellow Malaysian. If today’s price action holds, this means the weakness is confirmed unless there is an intervention by the Malaysian central bank. The Malaysian central bank claim to have intervene. Now here is the million dollar question. Since…

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Where is the SPX heading

Where is the SPX heading

The SPX is once again trading at the fence between a strong SPX and weak SPX. Here are the scenarios which I expect the market to play out. If we see strong buying depicted on scenario 1 where a big bull candle appear, the market would see bulls coming into the SPX and the direction…

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Golden levels for trading

Golden levels for trading

Once again we have reached a critical level in Gold. This is the time which I seldom leave my trading desk for long periods. Critical levels are make or break levels and the gold is trading right there at this moment. I have mark the red support line in my WAWS box and this red…

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Bonds Plunge to the tune of USD1 Trillion.

Bonds Plunge to the tune of USD1 Trillion.

More than $1 trillion was wiped off the value of bonds around the world as soon as Trump won the elections. Yields on U.S. 30-year bonds,  jumped the most this week since January 2009. Bloomberg reported that European government bonds extended their selloff Friday, with the yield on Italian 10-year securities climbing above 2 percent…

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