SPY: Sell off but still on Up Trend

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SPY (SPDR S&P500 ETF)  has a very volatile week and has a huge sell off across the sectors. However technically SPY is still trading within an uptrend channel. SPY rebounded from the 50D SMA support on last Friday. Keep an eye of this 50D SMA and uptrend support (194-195 region) in the coming weeks. Take note that Window Dressing and Portfolio Pumping/Dumping at Sept Quarter End.

S&P500 Sept22-26 2014SPY Sept 27-2014

As we are moving into Oct, be extremely cautious on the October effect.

See last analysis on SPY.

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SGX: On Up Trend But….

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SGX has started an uptrend after breakout from the $7.00 resistance. SGX is technically bullish as the stock price is trading above the 20D/50D/200D Simple Moving Averages, whereby 20D/50D are trending up. However, it is important to take note that $7.28-$7.30 is a strong resistance zoom out the 3 years chart.

50D SMA serves at a neckline support of a Head and Shoulders. Trend may reverse if this 50D SMA support is broken.

Fundamentally SGX is over value base on PE, PEG and PB ratio.

Be cautious if you are going long at this level.

2014Sept27-SGX

Original Post by Marubozu My Stocks Investing Journey

Current P/E Ratio (ttm) 24.2232
Estimated P/E(06/2015) 22.3765
Relative P/E vs. FSSTI 1.7643
Earnings Per Share (SGD) (ttm) 0.2993
Est. EPS (SGD) (06/2015) 0.3240
Est. PEG Ratio 2.0435
Market Cap (M SGD) 7,764.87
Shares Outstanding (M) 1,071.02
30 Day Average Volume 1,196,667
Price/Book (mrq) 8.4123
Price/Sale (ttm) 11.3148
Dividend Indicated Gross Yield 3.86%
Cash Dividend (SGD) 0.1600
Dividend Ex-Date 10/01/2014
5 Year Dividend Growth -6.65%
Next Earnings Announcement 10/21/2014
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Golden Agri: Finding Support?

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Golden Agri seems to find a support at about $0.50 and moving sideway for about 2 weeks. This level used to be a reliable Rectangle support. Keep a close eye if Golden Agri moves out of the down trend channel. This may be the 1st sign of trend reversal. There will be more downward pressure if this rectangle support is broken.

2014Sept27-Golden Agri-800x600

Original Post by Marubozu My Stocks Investing Journey

Current P/E Ratio (ttm) 18.0223
Estimated P/E(12/2014) 15.3967
Relative P/E vs. FSSTI 1.3126
Earnings Per Share (USD) (ttm) 0.0222
Est. EPS (USD) (12/2014) 0.0260
Est. PEG Ratio 1.2777
Market Cap (M SGD) 6,547.15
Shares Outstanding (M) 12,837.55
30 Day Average Volume 25,570,330
Price/Book (mrq) 0.5840
Price/Sale (ttm) 0.6917
Dividend Indicated Gross Yield 2.16%
Cash Dividend (SGD) 0.0052
Dividend Ex-Date 04/29/2014
5 Year Dividend Growth
Next Earnings Announcement 11/12/2014
Continue ReadingGolden Agri: Finding Support?