Monthly Archives: October 2015

S&P500 Views

S&P500 Weekly Chart
S&P500 Weekly Chart
S&P500 Daily Chart
S&P500 Daily Chart

Comments: Both weekly and daily chart maintaining uptrend, with demand in control, up trendline intact in both weekly and daily timeframe. Reversal chart pattern had played out and price had moved towards higher timeframe supply zone. Currently, I opined that no action, and stay on the side it the best action when waiting for clearer signs played out by market at current level to plan for greater probability trade.

Amazon View

<Fundamental>

Rev up YoY since 2005 (+)

EPS inconsistent YoY since 2011 onwards. Generally downtrend (-)

Rev & EPS divergence (-) => red flag

Ops Cashflow positive (+)

Debt / Equity ratio increasing YoY since 2009, in 2014 >50% (-)

P/E (nil) as EPS negative (if positive, will be much higher than industry average) (-)

Inconsistent dividend distribution => it belongs to growth company category => need to check PEG (definitely more than one): Growth and price divergence => red flag (-)

Comments: Based on fundamental, I would avoid Amazon.

<Technical>

Amazon Monthly Chart
Amazon Monthly Chart
Amazon Weekly Chart
Amazon Weekly Chart
Amazon Daily Chart
Amazon Daily Chart

Comments: Month & Weekly chart are on uptrend. Daily chart currently in consolidation. Although on higher timeframe charts, the trend is up, normally I would wait for entry opportunity to go long. However, for Amazon case, I would not consider to trade it. It is at all time high region. The current uptrend at higher timeframe is within the accelerated mode, which is unsustainable. It is already at the 3rd continuation pattern, without much rest. There are signs of supply coming in. The fundamental also does not support. I would look elsewhere for safer and better trade opportunity.

 

 

S&P500 Views

S&P500 Weekly Chart
S&P500 Weekly Chart
2015-10-06_19-02-40 sp500 d1
S&P500 Daily Chart

Comments: Weekly uptrend still intact, uptrendline is still intact (no full candles closed below trendline); Daily chart no direction. Reversal pattern potential being form (work in progress). With prevailing uptrend in weekly chart as backdrop, price breaking upside may potentially happen, with TP around ~2097 area.

GBPSGD Views

GBPSGD Monthly Chart
GBPSGD Monthly Chart
GBPSGD Weekly Chart
GBPSGD Weekly Chart
GBPSGD Daily Chart
GBPSGD Daily Chart

Comments: From Oct 2013 to Oct 2015, price moves from ~1.9777 to 2.1555 (1778 pips). It project from now to about 18 months later, price likely will retrace and move upwards at end of 18 months, considering the rounding bottom formation from the monthly chart. There is upside potential up to monthly supply area ~2.3807.