Weekly Inter Market Analysis Sept 18-2016

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. 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-sept-18-2016

 

VIX

VIX retraces after last week 40% spike but expect volatility in the coming week as FOMC releases statement on Sept 21.vix-sept-18-2016

 

Sector Performance (SPDR Sector ETF)

  • Best Sectors: Technology (XLK), Utility (XLU) and Healthcare (XLV)
  • Worst Sector: Energy (XLE), Financial Services (XLFS) and Financial (XLF)
  • Note: Defensive sectors outperforms aggressive sectors. XLK outperforms due to Apple (AAPL) which has very high weighting of 14.22%.

spdr-sector-performance-sept-18-2016

xlk-holding

SUDX (S&P US Dollar Futures Index)

SUDX is currently trading within a Symmetrical Triangle and likely to be trading in a tight range until a breakout. Wait for Yellen’s speech on the interest rate hike confirmation.

sudxsept-18-2016

FXE (Currency Shares Euro ETF)

FXE is curently trading sideway and range bound. Wait for Yellen’s speech on the interest rate hike confirmation before we can see the next big move.

fxe-sept-18-2016

XLE (SPDR Energy Sector ETF)

XLE broke down from the uptrend channel. Next support to watch is 64.74. This support is quite strong as it has been tested for 5 times.

xle-sept-18-2016

 

USO (United States Oil Fund)

USO is currently trading in a Symmetrical Triangle. Keep an eye on the next move when USO is trading closer to the apex of the triangle. Watch next Wednesday Sept 21 Crude Oil inventories report.

uso-sept-18-2016

 

TLT (iShares 20+ Years Treasury Bond ETF)

TLT gapped down and broke the uptrend support. Next important resistance turned support at 132.49.
tlt-sept-18-2016

GLD (SPDR Gold Shares)

Gold is currently trading in a consolidation (Rectangle pattern) and still on uptrend.  Currently GLD is just sitting on an important resistance turned support at about 125. This support has been tested 3 times previously. Can this support hold? If this support is broken, there will be a trend reversal as it is a Triple Tops chart pattern breakdown.gld-sept-18-2016

 

Next Week Economic Calendar

Key event:

  • Japan Monetary Policy & BOJ press conference on Sept 20 Tuesday and Sept 21 Wednesday
  • FOMC statement on Sept 21 Wednesday
  • Crude oil inventories on Sept 21 Wednesday

economic-calendar-sept-18-sept-24-2016

 

Weekly Inter Market Analysis Sept 11-2016

Learnt about JW5IMA in PMP. I create a KL8WIMA (Kenny Loh 8 Weekly Inter Market Analysis) for my own market watch. The objective is to monitor the correlation of different asset class / sectors movement every week. Feel free to comment if there are better alternatives.

Original post from http://mystocksinvesting.com

A long awaited sell off finally came on Friday (Sept 9-2016) after 2 months of low volatility and trading in a tight range for US market. Has the correction finally came? Will the sell off continue next week?

us-indices-sept9-2016 heatmap-sept-9-2016

SPY (SPDR S&P500 ETF)

SPY gapped down and broken the support on last trading session. Next week will be crucial to see whether SPY can break the support to continue the sell off or rebound from here to continue the uptrend.

spy-sept11-2016

VIX

VIX spiked about 40% at last trading session. If VIX continues to move higher next week, tighten your seat belt!

vix-sept11-2016

SUDX (S&P US Dollar Futures Index)

SUDX is currently trading within a Symmetrical Triangle and likely to be trading in a tight range until a breakout. Wait for Yellen’s speech on the interest rate hike confirmation.

sudx-sept11-2016

FXE (Currency Shares Euro ETF)

Down trend has stopped for FXE. FXE is curently trading sideway and range bound. Wait for Yellen’s speech on the interest rate hike confirmation before we can see the next big move.

fxe-sept11-2016

XLE (SPDR Energy Sector ETF)

XLE came out from the down trend channel and currently looks like reversing to the uptrend. Crude Oil has bottomed up?

xle-sept11-2016

USO (United States Oil Fund)

USO is currently trading in a Symmetrical Triangle. Keep an eye on the next move when USO is trading closer to the apex of the triangle.

uso-sept11-2016

TLT (iShares 20+ Years Treasury Bond ETF)

SPY sold off, TLT sold off together? US Equity and Bond Market are moving in the same direction at the moment. This is not normal. Will the “Sell equity and move to bond in the bear market” strategy work moving forward? Base on the current equity and bond “synchronized movement”,  we may need to watch this space very closely and rethink our portfolio re-balancing strategy.

tlt-sept11-2016

GLD (SPDR Gold Shares)

Gold is currently trading in a consolidation (Rectangle pattern) and still on uptrend.  Expect GLD to move to 141.19 (161.8% Fibonacci Retracement Level) as long as the uptrend support holds. Can GLD be the safe harbor if Equity & Bond market sell off?

gld-sept11-2016

Next Week Economic Calendar

economic-calandar-sept11-sept17-2016

Frasers Centrepoint Trust (FCT) Fundamental & Technical Analysis

 

Frasers Centrepoint Trust Logo

Base on the Fraser Centrepoint Trust (FCT)  Q2-FY16 Earning Result on April 22, 2016.

  • Last Done Price = $1.95
  • Market Cap = $1.79 B
  • NAV = $1.91
  • Price /  NAV = 1.021 (2.1% Premium)
  • Price / NAV (High) = 1.49
  • Price / NAV (Low) = 0.95
  • Gearing Ratio = 28.3%
  • Occupancy Rate = 92.0%
  • WALE = 1.50 Years
  • WADM = 1.91 Years

FCT DPU Trend April 22-2016 FCT Portfolio April 22-2016FCT NPI Contribution April22-2016 FCT NPI Contribution by Malls April22-2016FCT Occupancy April 22-2016FCT Diversification April 22-2016 FCT Top Ten Tenants April 22-2016FCT WALE April 22-2016FCT WADB April 22-2016FCT Sponsor Other Malls April 22-2016

 

 

Frasers Centrepoint Trust (FCT) Stock Chart and Technical Analysis

Frasers Centrepoint Trust April 29-2016

FCT is currently consolidating within a Symmetrical Triangle. Upside potential is limited and unlikely there will be any capital gain. FCT is a pure dividend stock for passive income at the moment.

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