Gold ETF (GLD): Break Support! BEAR is HERE!!

  • Post author:

Gold ETF (GLD) has broken a critical support at about $150 with huge selling volume. Wait for retracement to short GLD! 161.8% FR target is $133.60.

See previous post on how to short Gold.

If you are holding Gold as long term investment, suggest you re-look at your portfolio whether you want to take profit or cut loss.

Disclaimer: I am NOT a certified Financial Analyst. I am only a part time trader and trade base on my own analysis. This is NOT a Sell or Buy recommendation.

GLD Apr13-2013

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Citigroup (C): Buy on Dip?

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Citigroup retraced and found support at the uptrend channel support (also the 61.8% FR) at about $42.23. The stock is still trading in an uptrend. If there is no earning surprises on April 15, 2013, C should continue the uptrend. The next immediate resistance is $47.68. 161.8% Fibonacci Target is $56.16.

C Apr12-2013

Option Trade

  • Strategy: Long Vertical Call Spread (Bullish Trade)
  • Short C May13 45 Call, Long C May13 41 Call
  • Entry Price = $43.44
  • Breakeven Price = $43.43
  • Max Profit = $624
  • Max Loss = $976
  • Reward vs Risk = 64%

Previous Analysis on Citigroup C.

Continue ReadingCitigroup (C): Buy on Dip?

ST Engineering: Wave 5 Ending Soon?

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ST Engineering has been riding on a nice Elliott Wave. Currently ST Engineering looks like reaching the 261.8% Fibonacci Retracement Level on the Elliott Wave and probably finding resistance at this level.

2013Apr12-ST Engg-800x600

Key Statistics for STE

Current P/E Ratio (ttm) 22.8678
Estimated P/E(12/2013) 21.4500
Relative P/E vs. FSSTI 1.7353
Earnings Per Share (SGD) (ttm) 0.1876
Est. EPS (SGD) (12/2013) 0.2000
Est. PEG Ratio 3.3000
Market Cap (M SGD) 13,304.35
Shares Outstanding (M) 3,101.25
30 Day Average Volume 1,566,600
Price/Book (mrq) 6.9748
Price/Sale (ttm) 2.0654
Dividend Indicated Gross Yield 1.63%
Cash Dividend (SGD) 0.0980
Last Dividend 04/26/2013
5 Year Dividend Growth 0.51%
Next Earnings Announcement 05/09/2013

Fundamentally ST Engineering is over value base on PE & PEG ratio, Intrinsic Value base on 10 years DCF Model.

Intrinsic Value = $2.53

  • Net Operating Cash Flow (FY2012) = $1,040.8 Million
  • Total Debt = $1,068.4 Million
  • Beta = 0.38
  • Number of Shares Outstanding = 3,102 Million
  • 10 Year CAGR = 2.04%

See Previous analysis on ST Engineering.

Continue ReadingST Engineering: Wave 5 Ending Soon?