Weekly Inter Market Analysis Oct 23-2016

See previous week Weekly Inter Market Analysis.

Original post from http://mystocksinvesting.com

SPY (SPDR S&P500 ETF)

SPY is still staying above the big Rising Wedge support after broke down from a Symmetrical Triangle. Keep an eye this coming week to see whether there is a follow through of this breakdown.

  • Resistance turned support zone: 211-213
  • Rising Wedge immediate support: about 210
  • Previous Head and Shoulders neckline support: about 204.
  • Rising Wedge next support: about 200

spy-oct23-2016

VIX

VIX dropped below 15 again, a complacent zone. Still no fear in the stock market.

vix-oct23-2016

 

Sector Performance (SPDR Sector ETF)

  • Best Sectors: Material (XLB) +1.60%
  • Worst Sector: Industrial (XLI)  -0.24%

sector-performance-oct-23-2016

 

SUDX (S&P US Dollar Futures Index)

SUDX broke out from the Symmetrical Triangle and broke the next resistance at 130.36. If this continues, SUDX will start a confirm uptrend.

sudx-oct23-2016

 

FXE (Currency Shares Euro ETF)

FXE broke the rising trend support and currently testing a critical support. If this support (red zone) is broken, FXE is expected to star a next down trend move.

fxe-oct23-2016

 

XLE (SPDR Energy Sector ETF)

XLE is expected to trade within the up trend channel. 200D SMA is starting to trend up. Keep an eye of the energy sector recovery (driven by Crude Oil, see USO chart)

xle-oct23-2016

 

USO (United States Oil Fund)

USO broke the resistance. If USO can stay above this resistance (about $11.44) and make this level a resistance turned support, USO will start an uptrend.

uso-oct23-2016

 

TLT (iShares 20+ Years Treasury Bond ETF)

TLT rebounded from the support at 132.5 and just closed just above the 200D SMA! 200D SMA is still trending up and coincides to 61.8% Fibonacci Retracement Level. This will be an attractive entry point if this 200D SMA support is valid.

tlt-oct23-2016

 

GLD (SPDR Gold Shares)

  • GLD looks like rebounded from the 200D SMA support. 200D SMA is trending up.
  • GLD is also sitting on the 61.8% Fibonacci Retracement Support.
  • Expect GLD to rebound from level.

gld-oct23-2016

 

Next Week Economic Calendar

Key events:

  • Germany Manufacturing PMI Oct 24 (Monday)
  • ECB President Draghi speaks on Oct 26 (Wednesday)
  • Crude Oil Inventory on Oct 26 (Wednesday)
  • Pending Home Sales on Oct 27 (Thursday)

economic-calendar-oct-23-oct29-2016

See other Events here. http://mystocksinvesting.com/events/

Global Stock Market Indices PE Ratio At a Glance (22 Oct 2016)

Market Indices PE Ratio for Major Stock Exchange globally

  • US: Dow Jones Industrial, S&P500, NASDAQ, Russell 2000
  • Europe: FTSE100, CAC40, DAX
  • Asia: KLCI, STI, HangSeng, ASX200, CSI 300, JCI, SET, KOSPI, NIKKEI 225, SENSEX, TWSE, NZX50, PSEi
  • Best Performer: France CAC40 up for 4.7% with PE Ratio of 22.29.
  • Valuation of Global Stock Market is NOT cheap base on PE Ratio. Simple Average PE Ratio decreases from 23.52 to 23.35.
  • Europe Stock Market was the best performers last month.
  • Singapore STI has the lowest PE ratio of 12.01 compare to the rest of the world in the following table.

stock-market-key-indices-pe-ratio-oct22-2016

  •  PE  = Price Per Earning

See Sept-2016 Global Stock Market PE Ratio here.

shiller-pe-ratio-oct22-2016

 

Original post from http://mystocksinvesting.com

See other event here. http://mystocksinvesting.com/events/

 

 

Know your Rights as an Investor!

Chew Hock Beng

 

What are my responsibilities and rights when investing?

First and foremost, select financial advisers that are regulated. Ask to see their name cards or licenses. Call the adviser’s firm to verify that the adviser is their authorised representative. You can refer to www.mas.gov.sg/directory for the list of financial institutions.

know-your-rightNext, work with your financial adviser to identify products suitable for your individual needs. Always provide accurate information about yourself, your financial situation and investment objectives to them.

Do not be enticed by gifts and promotions or promises of high returns. Remember that the higher the return promised, the higher the risk you have to bear.

Do not invest in products you do not understand. Do not invest in “hot picks” or “trendy stocks” just because others are buying them.

Read the investment documents thoroughly. Ask questions and take note of key areas including the risks involved, terms & conditions, fees & charges, and commission or distribution costs.

Especially for the seniors, always ask for assistance if you are not conversant in English or find it difficult to understand the information. You should bring someone who can explain the information to you when you meet your financial adviser. Do not invest in anything you do not understand. Say “NO” if you find the product is unsuitable for you!

For life insurance products, you may return the policy if it is not suitable and request for a refund within 14 days from the date the policy is issued. But if it is tied to investments, you may have to incur some costs.

For unit trusts, you can cancel your purchase within 7 days if you find it not suitable. But if it is tied to investments, you may have to pay for any loss incurred,if the investments suffered a downturn in value.

Lastly, always monitor the performance of your investments regularly to ensure that they continue to deliver the returns you expect and meet your needs.

We will share more on the retirement planning and investment asset allocation method in our upcoming event on how to construct and build your retirement portfolio without losing your sleep. Please register your attendance HERE as seats are limited.

See other event here. http://mystocksinvesting.com/events/