encik wan

$SPX - Time to short II?

banking IT developer — Sun, 15 Aug 2010 15:36:06 +0000

Last month we suspected $SPX was ready to go down in a major correction. It did not initially, but the upturn is proved to unsustainable. This time, more and more option traders are moving to favor puts. See charts below. Two of the past bull traps (September 08 and April 10) are coincided with the turn of MACD of $CPC/$SPX ratio.

$SPX

$CPC/$SPX ratio

US Dollar Index new top?

banking IT developer — Sun, 25 Jul 2010 03:52:19 +0000

In the last decade, top for US Dollar Index is 120. However in the last few years, US Dollar Index fails to break 90 in 2005, 2009 and 2010. See US Dollar Index chart below.

$SPX - Time to short?

banking IT developer — Sun, 11 Jul 2010 15:28:22 +0000

While the world is going to enjoy 2010 World Cup Final between Spain and Netherlands, mode of global investors may be spoilt by possibly next more than 10% correction. Main reason for the short term bearishness is weak rebound in lower volume. The risk of major downturn will be greater when $SPX cannot hold 1000 level. Next major support for $SPX is 800

JZ8

banking IT developer — Fri, 28 May 2010 02:53:14 +0000

JZ8 - Malaysia Jazz duo

2008 demo playlist

2010 album

Enjoy!

Where/what to eat today?

banking IT developer — Sat, 15 May 2010 16:09:23 +0000

Couldn’t find what to eat today? Try Encikwan.com Malaysia Food search engine

$SPX - Are we ready for more than 10% correction?

banking IT developer — Sat, 01 May 2010 15:29:21 +0000

Conclusion : We need second failure to breach 1250 and failure to hold 1050 for $SPX before we can confirm the next move is a more than a 10% correction/adjustment.

$SPX upslope is weaker, but it is still in cyclical uptrend.

Pros are getting more bearish but it is not enough to predict a major downturn like March 2008

USD, SGD & MYR analysis

banking IT developer — Sat, 10 Apr 2010 03:59:43 +0000

USD SGD 1980-2010
From the chart of USDSGD between 1980 and 2010, it is unknown the next long-term bottom of USDSGD.

USD MYR 1996-2010
However if SGD is to follow MYR against USD, then USDSGD will lose another 20% ((3.15-2.5)/3.15) to 1.12 (no parity yet)

SGD MYR 1996-2010

SGD MYR 2004-2010
Then how about SGDMYR? In the short term, SGDMYR trend is bearish as it breaches strong support 2.325 in such a short period. For longer period, the trend of SGDMYR is uncertain. It could reach 2.1 for SGDMYR bears or 2.8 (2.45 + (2.45 - 2.1)) for SGDMYR bulls. For SGDMYR bulls to gain more confidence, SGDMYR must reclaim 2.325 within 2010.

AskASmith - Asia technology startup search engine

banking IT developer — Thu, 18 Feb 2010 04:33:40 +0000

Asia technology startup search engine has been enhanced with more sites. The new name of startup search engine is AskASmith.

Sample search

DBA

banking IT developer — Sun, 10 Jan 2010 10:46:34 +0000

DBA weekly chart

DBA daily chart

If price of DBA can break 27 and 29, then expensive food is back! If there is no pickup in economy, another sign of coming hyperinflation?

For other charts, refer to encikwan.com Chart Book

Gold prices - 2009

banking IT developer — Sat, 02 Jan 2010 00:10:42 +0000

Inflation-adjusted gold price - 2009

Gold price high? Not until US government money printing speed is slower than growth in gold production

Gold price in various currencies : Trader Dan, Eric De Groot

Fear mongering is not the purpose for this post. But forewarning you of this upcoming and possible danger : hyperinflation