Showing posts with label Singapore. Show all posts
Showing posts with label Singapore. Show all posts

Sunday, April 20, 2014

Maximum impact is dead ahead!

Randall Ashbourne, an associate of Astrological Investing, posts a weekly market report on his web site, theidiotandthemoon.com  The following is this weekend's Eye of RA report: Week beginning April 21, 2014
The next few days could kill the 5-year Bull run which has lifted some major stock indices to all-time highs.

It is the week in which the extreme energy of a Cardinal Grand Cross involving Mars, Jupiter, Uranus and Pluto hits its exact orb with all four planets at 13 degrees ... of Aries, Cancer, Libra and Capricorn.

Many stock markets roared northwards again last week, getting a lift from the lunar eclipse Full Moon in Libra into Thursday's Venus trine with Jupiter as the Moon went into Sagittarius.

In the next few days, many things will break. You may have noticed the unusually larger number of significant earthquakes reported in the past few weeks, many of which sparked tsunami warnings from the west Pacific to the coast of South America.

This is one of the "expectations" from a hard aspect involving Uranus and Pluto.

And it's an energy which will hit maximum impact between Monday and Wednesday.

It will coincide with earnings season reports for USA stocks hitting high gear. Some of the world's biggest companies ... Apple, Microsoft, McDonalds, Facebook and Netflix ... are due to report and Wall Street is hoping the results will be good enough to lift markets above the resistance levels that have been holding them back for the first few months of this year.

Margin debt on USA stocks is at its highest level since the previous Bull peak and, by traditional PE methods, the SP500 is massively overvalued.

And the negative divergence on weekly and monthly charts has been building steadily.

Last weekend I published a number of charts showing the exact planetary price levels to watch closely on a number of indices as this week's trading unfolds. I'll include the charts for a number of other indices in this edition.

However, let's begin with an update on the state of Pollyanna, the SP500. Regular readers will know $1876 is an important, long-range price barrier for this index. Last week's strong bounce regained almost all of the previous week's losses and has put the level in-play yet again.


If you're a new reader, you might want to consult the past few editions of the Eye for more background on what to expect. It is possible that this week's action will confirm a long-range Bull market peak has been hit.

The chart below highlights the historical reaction of Pollyanna to two of the aspects hitting exactitude this week. The red bars are Mars opposing Uranus and the blue bars are Jupiter squaring Uranus.

As you can see, one or both were present at both previous Bull peaks for Pollyanna. And that's without having Pluto in the mix!


The next few charts show the exact price levels of these astrological aspects on, in order, the Amsterdam, Paris, Singapore and Malaysian indices.





The relevant chart for my home index, the ASX200 was published last weekend and you can see it there if you need a memory refresher.

Perhaps even more importantly, though, is the fact that on April 10th, the ASX200 briefly kissed a technical level which always sparks a strong reaction downwards.

We discussed this a long time ago now when the American indices hit the level. It is a little-known reaction called hitting "the last low before the high". We're talking about the massive spike down in August 2007, which was the last low before the 2007 Bull high.

It took the index a very long time to get back there - $5483 - and the rebuff from it was sudden and sharp.


It is probably the key breakout level for the Australian stock market, which has dramatically underperformed throughout this 5-year Bullish phase.

The boxed red numbers show the size of the slumps which have occurred during the recovery. You will notice the long-range Big Bird oscillator disagrees emphatically with the attempt to break out northwards.

There is huge danger in hitting major resistance, with weakening oscillators, in the exact timeframe of one of the most extreme aspects we will see in our lifetime.

If this goes as "expected" - which is a breakdown, rather than a breakout - the resulting slump will dwarf those previous declines.

Randall Ashbourne

Safe trading - RA
Astrological Investing's associate, Randall Ashbourne, author of the eBook, The Idiot and The Moon, and The Idiot and the Moon, Forecast 2014, writes a free weekly column titled, The Eye of Ra on his web site in  which he explains the potential impact of astrological aspects and the current state of technical conditions. Ashbourne's charts are revealing illustrations of exactly what has occurred in the market and the probability of what to expect.
Important reading:  Randall Ashbourne's The Idiot and The Moon, Forecast 2014
(Disclaimer: This article is not advice or a recommendation to trade stocks; it is merely educational material.)
Copyright: Randall Ashbourne - 2011-2014


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Sunday, August 11, 2013

More target levels for various indices

Randall Ashbourne, an associate of Astrological Investing, posts a weekly market report on his web site, theidiotandthemoon.com The following is this weekend's Eye of RA report: Week beginning August 11, 2013

Targets for Various Indices
While it is slow getting started, the odds still lean towards most major world indices now entering another significant correction. 

It is difficult to generalise because not all markets are moving in the same direction.

In Europe, for example, England and Germany have failed to take out their May highs, but France and Holland have exceeded those levels with some technical indications they can go still higher.

In the broader Asian region, New Zealand, Malaysia and Indonesia are still close to all-time highs, while India, Singapore and Hong Kong are struggling to recapture peaks from earlier in the year.

We will review some further long-range and intermediate charts for a range of indices this weekend - including the SP500, the FTSE, the DAX, France and the Netherlands, India, Singapore, Hong Kong and Australia. I'll add some others in the next few weeks.

Astrologically, we're within the period I went into some detail about last weekend - where Jupiter is starting a series of oppositions to Pluto and squares to Uranus; two signatures associated with long-range peaks in the Wall Street indices.

We'll begin this weekend with the long-range planetary price chart for Pollyanna, the SP500. I've been warning for the past few weekends that technical conditions on the daily and weekly charts were deteriorating badly and in the July 29 edition I published a chart showing there was probably very little upside left for the bounceback which began in June.

At least so far, Pollyanna has been unable to reach that target - around the 1720 level.

We can't be absolutely certain that a major correction is now underway. But the odds are likely that is the case.

While American markets have taken out the May high, the FTSE has spent the past few weeks trapped between two major planetary price lines at a lower level - and the oscillator continues to be very unhappy.

The same is largely true for Germany's DAX index (below).
The French CAC40, however, is attempting to break out higher - with no disagreement at all from the long-range oscillator.

Holland's AEX is receiving even stronger signals from the oscillator.

Mumbai's Nifty, however, shows signs of continuing weakness. It has retested a Uranus level in the 5520s, but one doubts it can hold ... largely because the Big Bird oscillator has plunged to new depths, even though price is at about the same level.


Singapore is now in its 6th week of pushing against an overhead Saturn level well below its May peak.
Hong Kong is having similar problems; worse to some extent because the Hang Seng peaked early in the year and is starting to make lower highs and deeper lows.

Australia, too, may be in deep trouble. It is trying desperately to hold an important Saturn level now around 5040 on the ASX Weekly Planets chart but is in dire danger of setting up a very negative Head & Shoulders pattern.

As I indicated at the beginning, it's now getting very difficult to "generalise" because of the growing disconnect between major markets.

In a healthy environment, there is a tendency for everyone to move in the same direction. There are always some exceptions, of course, because of local or regional factors which tend to be relatively short-lived. That's not really what we have here, even allowing for some regional differences and changes in currency rates.

In any case, I hope these intermediate and long-range charts help you determine probable targets - both for what I think is probably another downswing correction and, also, for potential tops to the Bull market in any bounceback out of the correction.

Safe trading - RA

Randall Ashbourne
Astrological Investing's associate, Randall Ashbourne, author of the eBook, The Idiot and The Moon, and The Idiot and the Moon, Forecast 2013, writes a free weekly column titled, The Eye of Ra on his web site in  which he explains the potential impact of astrological aspects and the current state of technical conditions. Ashbourne's charts are revealing illustrations of exactly what has occurred in the market and the probability of what to expect.
Important reading:  Randall Ashbourne's The Idiot and The Moon, Forecast 2013 , Jupiter's cycle and its effects on Wall Street and a posting of the weekly Eye of Ra report in this blog, titled A look at the Venus Retrograde effect
(Disclaimer: This article is not advice or a recommendation to trade stocks; it is merely educational material.)
Copyright: Randall Ashbourne - 2011-2013

The Idiot and the Moon, Forecast 2013  Sale price 1/2 off!
  • Major trend change dates for the full year, plus a month-by-month breakdown of high-energy trading dates and critical reversal dates.

  • An index-by-index analysis of Moon Trading across major American, European, Asian and Australian stock indices-

  • Identifies the major indices where following the phases of the Moon can dramatically cut profits, or even result in large losses.

  • Old Gods & Gold ... a Eureka! discovery about exactly what drives gold prices during rallies and corrections and charts showing highly-reliable target levels to both the upside and downside.

These price charts are individually-tailored to each index and cover Wall Street, Australia, Canada, Hong Kong, Singapore, Shanghai, India, England, Germany and France.

You will not see these charts anywhere else on the Internet!

And much more...

It is NEVER too late in the year to have this monthly information!
Sale Price $10.00

Saturday, July 20, 2013

A major shift in planetary energies

Randall Ashbourne, an associate of Astrological Investing, posts a weekly market report on his web site, theidiotandthemoon.com The following is this weekend's Eye of RA report: Week beginning July 22, 2013
A major shift in planetary energies
Shift in planetary energy
Wall Street completed its Grand Trine week with the SP500 closing at a new all-time High.

But the rest of the world did not. It has been one of those relatively rare instances where American markets rallied all the way through the Mercury Retrograde cycle.

And that's part of what now leaves everyone just a little more vulnerable.

Because this week brings a major mood shift as various planets change signs, or direction. The Sun goes into Leo, Venus into Virgo; Uranus has gone Retrograde and Mercury is turning Direct again.

Mars will conjunct Jupiter, providing a last burst of energy to the Grand Trine involving Jupiter, Saturn and Neptune. By the end of the week, the energy shift of the planets could turn markets from optimism to pessimism.

The Sun will square Saturn and Mars will start igniting the Uranus/Pluto square again ... as a precursor to Jupiter making the same aspects in what I mentioned last weekend Ray Merriman calls a bankruptcy signature.

Since we've been discussing the danger that markets are now in the process of topping-out the Bull run, I'll publish some more targets for non-American markets this weekend.

We will deal first, however, with a little more of The Spooky Stuff. Probably the two most significant transits in the immediate future are the Mars conjunction to Jupiter followed by Mars square Uranus.

Many of you may have heard dire, dire warnings of ... gasp*shock*horror ... "the Mars-Uranus crash cycle". I have dealt with this before. It's carp. And, yes, that's a misspelling. Mars makes some aspect with Uranus a couple of times a year ... and the hard aspects have no regular, reliable track record of producing a crash. Not even a little one.

In the chart below I have marked the Mars-Jupiter conjunctions with thick blue bars and Mars-Uranus squares with thick red ones. We have eight examples of Mars-Uranus squares ... and not a single one of them produced any sort of crash. In fact, one could argue the reverse.

There is more danger of Mars-Jupiter conjunctions producing an intermediate top.
click for larger image
Either one of these aspects does carry enough punch to turn markets in a new direction. BUT! Time and Price have to "meet" precisely before one can predict a change with any degree of certainty.

I was watching Pollyanna, the SP500, and the ASX 200 quite closely last week to see if either of them intended making that "meeting". They didn't.

But, they do have another chance early this week. For Pollyanna, the two key Price levels are at 1704 and 1654. Allow about $3 either side of those numbers.

IF Miss Pollyanna jumps to 1704 and immediately starts to back down strongly, get out of Dodge! This is the Time & Price meeting place in space for the whole Mars-Jupiter-Saturn-Neptune interchange.
click for larger image
It's interesting that Miss Polly was not the only index to studiously avoid that meeting last week. So close ... and, yet, so far, was also the case for the ASX 200.

Auntie ASX just stopped in mid-air, flatly refusing to go to a meeting that could have forced the index to change direction.
click for larger image
And it was mid-air, which is a little more obvious in my personal planetary chart for the ASX below. Had either of these indices hit those exact price levels and failed to break through, it would have been a very bad sign for further gains in the intermediate future.

The Time & Price meeting place is activated again early this coming week and the action - and reaction - will have to be watched very closely if Polly hits the very early 1700s, or 5042ish for Auntie.
click for larger image
 Failure to hit the exact Price levels, on Time, makes it a lot more difficult to determine a significant change of direction.

Now, I showed Bull target levels for Pollyanna, the FTSE and the ASX last weekend and indicated I'd update charts for other indices in the coming weeks.

This weekend, we'll look at India, Singapore and Shanghai.

INDIA

Our first chart is a long-range monthly for the Sensex. It is once again approaching the key level in the 20,200s ... and with a medium-term oscillator looking distinctly unhappy. Obviously, to eliminate the danger implied by making a triple-top, the index needs to break through the long-range barrier decisively.
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The Weekly Planets chart for the Nifty is below. It ended last week retesting a Saturn-Neptune price zone. It's a key level the index must break through decisively to trigger the final potential targets for India's Bull.
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If it can do that, the next danger zone is in the range from about 6200 to the mid 6400s. This is the range of the planetary line-up which stopped the two previous Bull peaks. If the Nifty gets through that barrier, the target becomes the 7000s.
click for larger image
 SINGAPORE

The STI is also approaching a key barrier. I used the American charts last week to show how Big Bird and the medium-range oscillator tend to give advance warning when markets are making either a long-range top, or bottom.

And there are further examples below. The double-bottom in Price terms of the early 2000s Bear showed clear positive divergence in the oscillator ... as the run into the 2007 Bull peak showed clear negative divergence.

And then, another obvious case of positive divergence at the 2009 Bear bottom. And I repeat what I've been saying about Pollyanna ... we are not yet receiving warning sirens that suggest we are in dire and imminent danger. There is some relatively mild divergence in the current state of the oscillator versus price. The sirens are starting to go off ... but they're not yet becoming strident.
click for larger image
Now, while the chart above shows a technical level of significant resistance in the early 3300s, the STI's Weekly Planets chart, below, offers three higher targets if the topping process is going to continue into the August-October timeframe.
click for larger image
CHINA

It's difficult to get a read on Shanghai, which continues to test the validity of the Bear low. Mild positive divergence in the oscillator seems to be trying to build, but so far can't manage to get traction.
click for larger image


But the index needs to recover the Neptune level at around 2056 on the long-range planetary chart below ... or it's in danger of plunging another 25%.
click for larger image
Okay, for those of you unskilled in technical mischief, you can do a right-click on any of these charts and save them as an image to consult in the coming weeks. Yes, I know ... India, Singapore, China. Not a lot of technical ineptitude going on there.

Keep a close eye on what prices Polly and Auntie get up to on Monday/Tuesday. Loud warning sirens if Polly especially goes to around 1704 and poops her panties! If she goes through ... decisively ... we'll probably go back into goo-goo/ga-ga/gush mode.

Safe trading - RA

Randall Ashbourne
Astrological Investing's associate, Randall Ashbourne, author of the eBook, The Idiot and The Moon, and The Idiot and the Moon, Forecast 2013, writes a free weekly column titled, The Eye of Ra on his web site in  which he explains the potential impact of astrological aspects and the current state of technical conditions. Ashbourne's charts are revealing illustrations of exactly what has occurred in the market and the probability of what to expect.
Important reading:  Randall Ashbourne's The Idiot and The Moon, Forecast 2013 , Jupiter's cycle and its effects on Wall Street and a posting of the weekly Eye of Ra report in this blog, titled A look at the Venus Retrograde effect
(Disclaimer: This article is not advice or a recommendation to trade stocks; it is merely educational material.)
Copyright: Randall Ashbourne - 2011-2013

The Idiot and the Moon, Forecast 2013  Sale price 1/2 off!
  • Major trend change dates for the full year, plus a month-by-month breakdown of high-energy trading dates and critical reversal dates.

  • An index-by-index analysis of Moon Trading across major American, European, Asian and Australian stock indices-

  • Identifies the major indices where following the phases of the Moon can dramatically cut profits, or even result in large losses.

  • Old Gods & Gold ... a Eureka! discovery about exactly what drives gold prices during rallies and corrections and charts showing highly-reliable target levels to both the upside and downside.

These price charts are individually-tailored to each index and cover Wall Street, Australia, Canada, Hong Kong, Singapore, Shanghai, India, England, Germany and France.

You will not see these charts anywhere else on the Internet!

And much more...

It is NEVER too late in the year to have this monthly information!
Sale Price $10.00

Saturday, April 27, 2013

Saturn, gold and WPs for TSX and Asia

Randall Ashbourne, an associate of Astrological Investing, posts a weekly market report on his web site, theidiotandthemoon.com The following is this weekend's Eye of RA report: Week beginning April 29, 2013

Saturn in Vedic Astrology (Shani or Shanaishchara)

 Markets rallied last week between 3 of the 4 astrological aspects reviewed in last weekend's edition.

It started with Venus in opposition to Saturn and continued into the lunar eclipse Full Moon (with the Moon conjunct Saturn) and tended to stall going into this weekend's Sun opposition Saturn aspect.

The remaining one of the four, and perhaps the most important, arrives midway through the coming week - Mars opposed to Saturn.

If markets continue rising into the aspect - and that is certainly possible given it's the end of the month - we will all need to watch target levels and oscillators very carefully for signs of a potential intermediate peak.

There are still no major alarm bells going off in the SP500's monthly charts, but signs of weakening are starting to become obvious in weekly charts.

However, since it has been a while since I reviewed the state of the Asian indices and because I neglected to update Canadian readers recently when I published updated Weekly Planets charts for Western indices, most of this edition will deal with those markets.

We'll also take another look at gold. I had an email exchange with an Indian businessman during the week who is tipping significant reversals in gold prices on May 10 and 17, based on his interpretation of the Vedic aspects.

I am by no means any sort of an expert on Vedic astrology, which forms part of the daily culture of Hindi society. However, I do know from past studies that it tends to be much better than Western astrology at predicting actual events and timing. As always, the accuracy of the forecast depends on both the skill and the bias of the interpreter.

The bounceback in greenback gold prices has been strong - and continues to conform to the planetary charts I revealed this year in Forecast 2013.

click to view larger image
Over the past couple of weekends, we've discussed gold at some length and in the Archives you will find the weekly chart with the major price targets marked. For those of you trading gold, or gold miners, without the benefit of the planetary charts, the Fibonacci retracement levels provide alternative targets.

click to view larger image

Obviously, the red FiboRx levels deal with only the recent nosedive, while the blue levels show a wider range from an earlier peak. What is interesting, at least at a surface level, is the apparent importance of 50% markers - something the ASX200 does often. Last week's continued bounce went close to recapturing the 618 FiboRx of the sharp downleg, before ending the week near the 50% marker.

Now that we have a wider range to view, we can see that the sideways shuffle before the plunge also took place within what can now be defined as a 618-50% horizontal zone. Important consolidations, either up or down, often become a 50% range marker. It could mean the gold correction is over. I'm still quite uncertain that is the case - and I wouldn't be confident about the resumption of a gold bull market until I see a marginally lower price trough accompanied by a higher low in the long-range oscillator.

Before turning to Canada and Asia, let's take another quick look at a chart I published recently for Pollyanna, the SP500.
click to view larger image
I indicated recently Miss Polly may be embarked on a run between different Uranus/Pluto planetary lines - a run which began at the lower yellow oval and may be heading for the higher oval, priced at around 1609.

Now, my apologies to Canada. I forgot to update you when I last looked at the Western indices. So, to make it up, I'll give you both a Weekly Planets chart and a long-range version, starting with the latter.

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And the Weekly Planets chart, with a narrower range of price targets, is below.
click to view larger image

India's Nifty50 is next. It put in a recent bottom at a Saturn/Uranus level - and backed off last week from a weekly Saturn line. If the index is going higher, it could have the next Saturn/Uranus zone as a target - around the 6200s.

click to view larger image
Next we go to KL, which has a tendency to target Node lines for major moves, with interim stalls at Saturn levels. The small-range stalling in the past few weeks is fairly obvious, but the oscillator isn't wavering and, having overcome the 1666 Node line, the next major target is in the 1750s.
click to view larger image
Jakarta appears to be in a weaker position. It has been trapped by a primary overhead Saturn - and the oscillator is declining. Since the oscillator is still well above the +100 level, it is possible it could turn out to be a continuation pattern and there'll be a new surge to about 5150, which is the next highest Neptune level.

If you look at the chart, you can see the past importance of the grey Neptune lines. Having consolidated on top of the last one now priced at 4750ish, the higher level does seem to be a valid target.
click to view larger image
Up to Singapore, where there has been much to-ing and fro-ing as the index consolidates below the primary Neptune level which capped the STI's 2010 price peaks. The falling highs of the MACD histogram peaks indicate growing internal weakness - and this Neptune level is obviously a strong one. Breakout puts the 3500s as the next major planetary barrier.
click to view larger image
Over to Hong Kong, where the Hang Seng has recovered from an apparent false break below a primary Saturn.
click to view larger image
And next a quick visit to Shanghai ...

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And, finally, to the ASX200 ...
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And that's a wrap for this weekend. The target prices within the Weekly Planets charts don't change too much from one week to the next, so you might want to keep track of your favorite index until these are updated again in a few weeks.
Safe trading - RA

Randall Ashbourne
Astrological Investing's associate, Randall Ashbourne, author of the eBook, The Idiot and The Moon, and The Idiot and the Moon, Forecast 2013, writes a free weekly column titled, The Eye of Ra on his web site in  which he explains the potential impact of astrological aspects and the current state of technical conditions. Ashbourne's charts are revealing illustrations of exactly what has occurred in the market and the probability of what to expect.
Important reading:  Randall Ashbourne's The Idiot and The Moon, Forecast 2013 , Jupiter's cycle and its effects on Wall Street and a posting of the weekly Eye of Ra report in this blog, titled A look at the Venus Retrograde effect
(Disclaimer: This article is not advice or a recommendation to trade stocks; it is merely educational material.)
Copyright: Randall Ashbourne - 2011-2013

The Idiot and the Moon, Forecast 2013
  • Major trend change dates for the full year, plus a month-by-month breakdown of high-energy trading dates and critical reversal dates.

  • An index-by-index analysis of Moon Trading across major American, European, Asian and Australian stock indices-

  • Identifies the major indices where following the phases of the Moon can dramatically cut profits, or even result in large losses.

  • Old Gods & Gold ... a Eureka! discovery about exactly what drives gold prices during rallies and corrections and charts showing highly-reliable target levels to both the upside and downside.

These price charts are individually-tailored to each index and cover Wall Street, Australia, Canada, Hong Kong, Singapore, Shanghai, India, England, Germany and France.

You will not see these charts anywhere else on the Internet!

And much more...

It is NEVER too late in the year to have this monthly information!