Market Outlook

Market Watch by Daryl Guppy at BFM 89.9

Submitted by SteveAng on Sat, 01/10/2011 - 11:17.

Market watch podcast on 21-Sep-2011 at BFM 89.9 by Daryl Guppy, founder and CEO of Guppytraders.com talks about:

  1. European equity markets (DAX, FTSE) after S&P downgraded Italy's debt rating - very little as downgrade was baked into the cake
  2. where gold is headed in the short term - short term pullbacks are potentially buying opportunities
  3. US markets' reaction to Obama's comments and FOMC's meeting thus far - not impressed, support and resistance levels for US markets
  4. still very much a seller's market- fairly severe downside target for KLCI - 1,350 points. not time to go bargain hunting yet.
  5. Favs in Asia are KOSPI and Shanghai Index - due to opportunities developing, but too soon to move at this stage.

 

Expect Sell Off to Continue in Commodity Markets

Submitted by SteveAng on Fri, 13/05/2011 - 23:58.

In the recent business news channel in India (8 May 2011) called ET NOW, Daryl Guppy's analysis is that he expect more downside in commodity markets and suggest to remain short on equities in the near-term.

 

Straits Times Index - Head and Shoulders Formation

Submitted by SteveAng on Fri, 02/07/2010 - 23:45.

STI Head and Shoulders Pattern

As seem from the daily chart, the Straits Times Index is now forming the right shoulder and this is part of the Head and Shoulders reversal pattern. Until the neckline support is broken, the head and shoulders pattern is not yet complete. However, if the neckline support does break, the projected downside target is around 2290. This is a drop of over 350 points from the neckline!

STI Weekly Chart - Posed to Go Higher

Submitted by CorneliusTan on Sat, 12/09/2009 - 20:00.

STI Update

STI Entering Consolidation Period

Submitted by CorneliusTan on Tue, 16/10/2007 - 01:06.

Since the previous update, the STI has broken out and proceeded to make new highs hence ruling out the possibility of a bearish double top formation. Meanwhile, the long term GMMAs (Red) have compressed, reversed, expanded fully and is now moving upwards establishing a new uptrend. However the STI is ripe for a pullback as it has run up unabated since the pivot low established during the August market crash. A minor correction is healthy for the index as it provides a breather for it to move up higher.

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