Marubozu - My Stocks Investing

Is It A Good Time to Buy Singapore REIT Now?

Post author:Marubozu
Post published:July 22, 2013

Singapore REIT has been beaten down badly for about 15% from the recent peak. See below chart of FTSE ST-REIT Index. The index is currently trading below 200D SMA (about 800) and the 200D SMA is trading flat.

So, are the Singapore REITs cheap now? Is it the right time to pick up some REITs with high distribution yield? I am not going to tell you the answer because I am not the certified analyst and brokers and unable to make any Buy or Sell recommendation. I am going to put up all the facts and charts here for reference to give me an overview of current situation for my investing decision making.

See Singapore REIT comparison tables for Fundamental Analysis. In general, most of Singapore REITs are still over value. Let’s look at the charts of some Singapore REITs with large market capitalization.

CapitaMall (S$7.02B, S$2.03)

Ascendas REIT (S$5.52B, S$2.30)

CapitaComm (S$4.2B, S$1.465)

Suntec REIT (S$3.54B, S$1.57)

Keppel REIT (S$3.49B, S$1.30)

MapletreeCom (S$2.53B, S$1.225)

PLife REIT (S$1.47B, S$2.43)

In Summary base on the above charts, clearly the REITs are NOT trading in an uptrend. Some of them have broken 200D SMA and the charts are technically bearish. This means that the REIT prices can go even lower despite the current distribution yield looks attractive.

Check out How to Combine Fundamental & Technical Analysis to analyse Singapore REIT here.

FTSE ST Real Estate Index: Elliott Wave B ended?

Post author:Marubozu
Post published:July 21, 2013

FTSE ST Real Estate is showing a Elliott Wave pattern. Currently the index is trading in a Wave B. Wave C (bearish wave) will start if the index break the support of 733.5. It is important to monitor the FTSE ST Real Estate Index because we can detect whether there is any strength or weakness in property counters to plan our trade.

Analysis by Marubozu https://mystocksinvesting.com

If the sector is weak, we can look for the Top 10 components stock to short by looking at the individual stock chart.

FTSE ST Real Estate Top 10 Companies

Look at Hongkong Land’s chart and you can see the weakness of the stock. The stock is trading in a down trend channel.

Although Global Logistic Properties (GLP) is still on uptrend but be cautious that a Head and Shoulders may be in formation.

Capitaland’s chart is bearish and trading in down trend.

SPDR Gold (GLD): Facing Resistance of the Rebound

Post author:Marubozu
Post published:July 21, 2013

Looks like the recent rebound of GLD is coming to an end as the ETF price is facing the Fibonacci Fan 38.2% resistance and the gap resistance at about $125. GLD has been rejected by this 38.2% Fibonacci Fan resistance for the past 2 occasions.

The current rebound has retraced back to 50% FR level (see Fibonacci Retracement in black line). Keep an eye on whether there is a reversal at this level else GLD will continue the down trend from now on.

See GLD previous analysis here.