Friday, October 9, 2020
Thursday, October 8, 2020
Another constellation is aligning and a big financial crisis is brewing this time. - Part 10
https://www.washingtonpost.com/technology/2020/10/06/amazon-apple-facebook-google-congress/
US investigation faults the US technological firms with anti-competition monopoly tactics.
This is getting interesting.
An unknown force or someone is trying to capitalize on the existing dour economic situation and induce a financial crisis by disrupting the banking and technology sectors now.
http://sg-stock.blogspot.com/2020/09/another-constellation-is-aligning-and_29.html
A healthy stock market must commensurate with good economic traits. However, good economic traits are lacking in the current euphoric stock market. This aberration cannot continue perpetually and will come to an end eventually. It looks like an unknown force or someone is trying to do that now by creating a financial crisis.
Wednesday, October 7, 2020
Trump is still struggling to breathe after leaving the hospital.
He can infect others like that. What an irresponsible president!
Tuesday, October 6, 2020
S&P 500 Technical analysis. - Part 5
Just as we had expected, the candlestick gap proved to be a very good support range and the S&P didn't crash through the gap. The S&P had just closed above the recent resistance level which still indicated that it was still on a bullish trend. Therefore, the next resistance level will be the upper end of the Bollinger band since we set it to be 2 standard deviations which will include 95% of all the data.
https://sg-stock.blogspot.com/2020/10/s-500-technical-analysis-part-4.html
Monday, October 5, 2020
Saturday, October 3, 2020
Baltic dry index - 2020
Today, Friday, October 02 2020, the Baltic Dry Index climbed by 151 points, reaching 2020 points.
Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.
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Related stock: Sembcorp Marine, Cosco & Pan ocean.
Friday, October 2, 2020
US ISM PMI analysis for September 2020.
The prices increased to 62.8 (+3.3) because the producers were in an inventory reduction phase (PPI < CPI) which we had discussed before. Furthermore, this also indicated that US inflation would continue unabated. The new order (60.2, -7.4) declined significantly because of a huge fall in the local new order (-8.4) due to a smaller pandemic relief aid and an increase in personal savings. The inventories had started to increase by 2.7 points and this would signify that there would be increases in production and customers’ inventories eventually. Overall, the PMI had declined slightly to 55.4 which meant that the US was still in an expansionary mode.
S&P 500 Technical analysis. - Part 4
http://sg-stock.blogspot.com/2020/09/s-500-technical-analysis-part-3.html
I was asked to give my opinion on the new resistance line. Here it goes!
The new resistance line will be the previous peak in Feb 2020 and I've drawn the line to show it. Coincidentally, the S&P also stayed below that new resistance line that I've drawn. Please bear in mind that the candlestick gap will provide a good support range unless the S&P crashes through the gap.
Thursday, October 1, 2020
Wednesday, September 30, 2020
Tuesday, September 29, 2020
S&P 500 Technical analysis. - Part 3
Let's continue our S&P 500 technical analysis.
The above chart showed that 2 positive signals had developed prior to the S&P rise. The candlestick had closed above the 5-day SMA and the stochastic had a bullish crossover.
If there were at least 2 positive signals, we could execute a trade with a calculated risk.
What's going to happen next?
A candlestick gap has occurred and this will provide a support level for the S&P. As long as the S&P doesn't fall below the gap, the S&P will continue to rise. Once the gap is breached, we will have to draw new resistance and support levels based on recent high volume days.
http://sg-stock.blogspot.com/2020/09/s-500-technical-analysis-part-2.html
Another constellation is aligning and a big financial crisis is brewing this time. - Part 9
https://www.ft.com/content/c95e5a72-8322-4cfc-b36a-69e8998aea01
Many banking and financial entities and experts are warning about an impending financial crisis after our first warning. Oxford economics is the latest entity to warn about an impending financial crisis.
http://sg-stock.blogspot.com/2020/09/another-constellation-is-aligning-and.html
It seems to me that an unknown force or someone is trying to capitalize on this by disseminating information to exacerbate this crisis.
FinCEN is a highly classified US agency. Therefore, the leakage of sensitive documents is impossible unless someone leaks them deliberately. All the financial documents will be stored in a secured server with encryptions. Even if the documents are stolen, you will still need passwords to access/read them.
Therefore, it looks like someone is trying to create a banking crisis at this moment to facilitate a financial crisis. Let's see how this will pan out.
Monday, September 28, 2020
Saturday, September 26, 2020
The US property market is becoming distorted now! - Part 3
The US existing home sales have hit 6m which is 14 years high in a recessionary environment. Why?
The continuous MBS purchases by the US FED have caused this unusual phenomenon because these MBS purchases encourage the banks to give out more mortgage loans since they can transfer the risks to the US FED by selling the MBS to the US FED.
http://sg-stock.blogspot.com/2020/09/the-us-property-market-is-becoming.html
S&P 500 Technical analysis. - Part 2
Just as expected, the S&P 500 traded between the drawn resistance and support levels.
We need to wait for S&P to breach either side to determine its trend. Thereafter, we will need to draw the new lines again.
Baltic dry index - 1667
Today, Friday, September 25 2020, the Baltic Dry Index climbed by 62 points, reaching 1667 points.
Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.
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Related stock: Sembcorp Marine, Cosco & Pan ocean
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