2 charts of SGX (S68.si) and Ascendas Reit (A17U.si) with bearish implications.
Energy stocks had prospects to become star performers in 2018 based on their January performance as well as performance of WTI. With the US stock correction however a 5-day heatmap reveals Energy (XLE) to be the worst performing sector. Also WTI technicals, performance of SGX-listed Keppel, Sembcorp.
Follow up on stories published in the last two weeks: FTSE, SATS S58 and XLP. New chart ‘Is USDJPY going down from here?’
Stock picking framework for passive investors who look at over 3-months horizon. It is chart-based, segments price movement into quarters. Examples Soybean, Coffee, Palladium, Natural Gas and Sembmarine inside.
A look at US Dollar to Indonesian Rupiah price action (no impact), highest traded volume in 9 years coming from SGX ‘oil & gas’ stock Sembmarine following OPEC deal to cut oil production.
Follow-up on 2 SGX-listed property stocks that were discussed late April. Over 2 months, their technical picture did not improve. In fact bearish aspects of their setups were reinforced.
Starhub’s recent 3-week rally turns out to be a pullback in a down trend. Following announcement of financial results on 16 February, stock price sells down with high volume. Also verifies resistance on top.