Weekly Inter Market Analysis Oct 2-2016

See previous week Weekly Inter Market Analysis.

Original post from http://mystocksinvesting.com

SPY (SPDR S&P500 ETF)

SPY rebounded from the resistance turned support zone. SPY is still trading in a Rising Wedge pattern and on uptrend after forming “higher high, higher low” chart pattern. Keep an eye on on key supports:

  • 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-oct2-2016

 

The following is the S&P500 Q2 2016 Earning Dashboard.

  • Close to 100% has released earning.
  • 71% have reported earnings above analyst expectations, 11% reported earnings in line with analyst expectations and 18% reported earnings below analyst expectations.
  • 53% have reported Q2 2016 revenue above analyst expectations, 0% reported earnings in line with analyst expectations and 47% reported earnings below analyst expectations.
  • S&P 500 Earnings Dashboard | Sep. 27, 2016

    2016q2_sp500_earningsdashboard_160927

 

VIX

VIX stays below 15 – a complacent zone.

vix-oct2-2016

 

 

Sector Performance (SPDR Sector ETF)

  • Best Sectors: Energy (XLE)
  • Worst Sector: Utility (XLU)

sector-performance-oct2-2016

 

 

SUDX (S&P US Dollar Futures Index)

SUDX is still trading within a Symmetrical Triangle and likely to be trading in a tight range until a breakout. No rate hike from last FOMC statement. Next FOMC statement on Nov 1/2.

sudx-oct2-2016

 

 

FXE (Currency Shares Euro ETF)

FXE is curently trading sideway and range bound. No rate hike from last FOMC statement. Have to wait till next FOMC statement on Nov 1/2 before we can see the next big move.

fxe-oct2-2016

 

 

XLE (SPDR Energy Sector ETF)

Uptrend channel redrawn. XLE moves above 69.31. Critical support at 64.74 which has been tested for 5 times.

xle-oct2-2016

 

 

USO (United States Oil Fund)

USO is still trading in a Symmetrical Triangle. Currently testing the triangle resistance at about 11.00. Watch for the breakout.

uso-oct2-2016

 

 

TLT (iShares 20+ Years Treasury Bond ETF)

TLT is just resting on the 137.51 support. If the support is broken, TLT may continue to move downward.

tlt-oct2-2016

 

 

GLD (SPDR Gold Shares)

GLD looks like forming a Descending Triangle (in green). Expect GLD to trade in a range until breakout.

gld-oct2-2016

 

 

Next Week Economic Calendar

Key events:

  • US releases ISM Manufacturing PMI on Oct 3 (Monday)
  • Crude Oil Inventory on Oct 5 (Wednesday)
  • Non Farm Payroll & Unemployment Rate on Oct 7 (Friday)

economic-calendar-oct2-oct-8-2016

 

 

KepCorp: Rejected at 200D SMA Resistance

KepCorp share price is rejected at 200D SMA Resistance after breaking out from the Double Bottoms. Is this only a Dead Cat Bounce before continuing the down trend for Kep Corp? Keep a close eye on the support zone between $8.90 and $9.00.

2015April17-KepCorp-800x600

Original post by Marubozu My Stocks Investing Journey.

Current P/E Ratio (ttm) 8.8179
Estimated P/E(12/2015) 10.3700
Relative P/E vs. FSSTI 0.6222
Earnings Per Share (SGD) (ttm) 1.0490
Est. EPS (SGD) (12/2015) 0.8920
Est. PEG Ratio 10.8814
Market Cap (M SGD) 16,760.64
Shares Outstanding (M) 1,811.96
30 Day Average Volume 4,629,987
Price/Book (mrq) 1.5486
Price/Sale (ttm) 1.2816
Dividend Indicated Gross Yield 5.19%
Cash Dividend (SGD) 0.3600
Dividend Ex-Date 04/22/2015
5 Year Dividend Growth 5.12%
Next Earnings Announcement 07/24/2015

Another thing to watch is the Crude Oil stock chart. Crude Oil is currently showing a Double Bottom, a trend reversal chart pattern, but testing the neckline resistance.

Crude Oil April17-2015

City Development: Start of a New Up Trend?

Is City Development starting a new uptrend after rebounded from the 200D SMA support? Base on 20D and 50D SMA direction, it looks like City Development is starting a new bull round. Need to see whether $10.55 resistance turned support level can be hold to confirm the uptrend. This level is also the 61.8% Fibonacci Retracement Level if using $10.00 as 0% FR and $10.90 as 100% FR. Immediate resistance at $10.90 followed by $11.09.

2015April17-CITYDEV-800x600

There are many interesting chart patterns in City Development like Descending Triangle, Inverted Head and Shoulders, Rectangle, Channels, which can increase the winning probability. Want to learn how to increase your winning probability trades by using the reliable chart patterns? Check out  High Winning Probability Trading with Chart Patterns course here.

Current P/E Ratio (ttm) 12.7611
Estimated P/E(12/2015) 15.4506
Relative P/E vs. FSSTI 0.9005
Earnings Per Share (SGD) (ttm) 0.8330
Est. EPS (SGD) (12/2015) 0.6880
Est. PEG Ratio 1.5474
Market Cap (M SGD) 9,666.79
Shares Outstanding (M) 909.39
30 Day Average Volume 1,198,430
Price/Book (mrq) 1.1963
Price/Sale (ttm) 2.5680
Dividend Indicated Gross Yield 0.75%
Cash Dividend (SGD) 0.0400
Dividend Ex-Date 04/30/2015
5 Year Dividend Growth 9.86%
Next Earnings Announcement 05/14/2015