markets behaving like paris bombing... look fine on the outside and next few days red red

i like it...

Posted: March 22, 2016 7:32 am

Posted by: @risktaker

↑

Anytime dow can crash 500 to 1000 points....still long.. march is peak

Straits Times Index
2,880.65 0.00% -0.04

Singapore shares close almost unchanged
MAR 22, 20165:37 PM

THE Straits Times Index on Tuesday underwent a quiet session, settling for a 0.04 of a point loss at 2,880.65 in a relatively quiet session that saw two billion units worth S$1.2 billion traded. Overseas markets did not provide much direction - the Dow futures slipped marginally, Hong Kong dropped slightly and Europe opened weak. Excluding warrants, there were 191 rises versus 193 falls.

Of the total volume, S$836 million or 70 per cent came from trading in the 30 STI components. The average value per unit traded was S$0.60 and of the top 20 actives, 12 were priced below S$0.20.

For the second consecutive day, property developer OKH Global headed the actives list, this time rebounding S$0.014 to S$0.085 on volume of 287 million. The counter had crashed 80 per cent on Monday after shares pledged by its chief executive to various banks were force-sold.

In the offshore and marine (O& M) sector, shares of Keppel Corp ended unchanged at S$6.03 on volume of 5.4 million. OCBC Investment Research said since Keppel Land has been privatised, Keppel Corp should be viewed increasingly as a property play, as the O& M segment could see continued lack of earnings clarity with low oil prices.

However, because oil prices have rebounded, the broker said it is increasing its valuation for the O& M segment from 0.7x to 1.0x book. " We also raise our valuation for Keppel' s property segment from 0.7x to 0.8x, resulting in a fair value estimate of S$5.07, implying a 0.9x P/B for the group. Maintain HOLD."

Long oil China related..

Asia: Stocks rally as US dollar dominates yen with crude above US $ 41

MAR 22, 20169: 22 AM
[WELLINGTON] Japan drove gains in Asian equities amid optimism that the volatility that marked trading at the start of the year has abated. The prospect of a US interest-rate hike as soon as April supported the dollar, while bonds in the region declined.

Tokyo' s Topix index jumped the most in almost three weeks as trade resumed following a holiday, with the yen extending its drop against the greenback into a third day. The US dollar also gained against Singapore' s currency and the Malaysian ringgit, even as US crude oil continued its climb above US $ 41 a barrel.

Yields on 10-year government bonds from Australia to Japan rose amid a decline in Treasuries after two Federal Reserve officials floated the possibility of a rate increase next month. Copper futures fell 0.2 per cent.

A recovery in crude oil prices and the willingness of central banks to support global growth has calmed markets following a volatile first six weeks of 2016, which saw US equities post the worst start to a year on record.

Read more ........... L i n k

Oil prices edge higher

Oil prices pushed higher Monday in a market lacking major news that seemed to be supported mainly by technical factors.

Last week' s gains lifted US benchmark West Texas Intermediate (WTI) above US $ 40 for the first time since December, buoyed by a sharp drop in the dollar and revived optimism that producers would strike a deal to freeze output.

US benchmark West Texas Intermediate for delivery in April rose 47 US cents to US $ 39.91 a barrel Monday on the New York Mercantile Exchange.

In London, Brent North Sea crude for May delivery, the European benchmark, finished at US $ 41.54 a barrel, up 34 US cents from Friday' s close.

" We' re surprised it' s trading higher" after prices dipped in some profit taking Friday, said Oliver Sloup of iiTrader.com. He pointed to the psychological attraction of the US $ 40 level, which WTI breached several times during the session.

Read more ..... L i n k

North and South American Indexes

	Index	Country	Change	% Change	Level	Last Update
	Dow Jones Industrial Average	United States	+21.57	+0.12%	17,623.87	4:31pm ET
	S& P 500 INDEX	United States	+2.02	+0.10%	2,051.60	4:31pm ET
	Brazil Bovespa Stock Index	Brazil	+356.89	+0.70%	51,171.55	5:51pm ET
	Canada S& P/TSX 60	Canada	+4.08	+0.52%	795.43	4:40pm ET
	Santiago Index IPSA	Chile	-0.82	-0.03%	3,151.23	4:40pm ET
	IPC	Mexico	+47.30	+0.10%	45,482.39	Mar 18

Wall St. ends flat as recent rally spurs caution

Wall Street closed little changed on Monday as investors searched for fresh catalysts and showed concerns about fully-extended share prices after a five-week rally.

The session, which closed slightly higher and opened slightly lower, followed a market-friendly move by the U.S. Federal Reserve last week that pushed the S & P 500 and Dow into positive territory for the year.

" I think people are starting to become concerned about valuation here," said Stephen Massocca, chief investment officer at Wedbush Equity Management in San Francisco. " Given the rally that we' ve had over last few weeks, stocks are extended and susceptible to bad news. "

The Fed' s decision to cut the number of expected rate hikes this year to two was among several recent measures by central banks to support growth and calm turmoil in global financial markets.

While the U.S. economy could continue to recover moderately, the market would react to negative surprises in European and Chinese data in coming weeks, said Lisa Kop, head of traditional investments at U.S. Bank Wealth Management in Minneapolis.

Crude prices edged up as data showed a drawdown at the Cushing, Oklahoma, delivery hub for U.S. crude and ahead of front-month contract expiry in U.S. crude futures.

Read more.....L i n k

Anytime dow can crash 500 to 1000 points....still long.. march is peak

Long and enjoy the rally...

Straits Times Index
2,880.69- 0.90% -26.11

Singapore shares close lower, led by banks and oil stocks

MAR 21, 20165: 56 PM
WEAKNESS in Hong Kong and in the Dow futures meant the Straits Times Index (STI) started the week off with a 26.11-point loss at 2,880.69 on Monday, led mainly by the banks. In the second line, the stunning 80 per cent crash in the shares of property developer OKH Global grabbed most of the attention, coming as it did on volume of 247.4 million, making it the session' s most active counter.

Overall volume came in at 1.5 billion units worth S $ 1.04 billion, down sharply from Friday' s S $ 1.7 billion. Excluding warrants, there were 149 rises versus 253 falls.

At the start of Monday' s trading the STI had bounced 368 points or 14 per cent in about five weeks, thanks to aggressive interest rate cuts in Japan, China, Europe and an announcement by the US Federal Reserve last week that it was keeping rates unchanged because of economic uncertainties.

Banks and oil-related stocks such as Keppel Corp and SembCorp Marine had been among the biggest gainers, so it came as no surprise that Monday' s fall was led by these stocks.

Long...

Asia: Stocks slip as oil skids China up
MAR 21, 201611: 23 AM

[HONG KONG] Most Asian stock markets slipped on Monday after three consecutive weeks of gains as a retreat in oil prices made investors cautious, but losses were tempered by hopes that China may soon cut interest rates again as pressure on the yuan eases.

The wobbles in the oil market, a general downturn in commodities and cooling growth in China have rattled financial markets in recent months.

China' s economy is showing signs of improvement while capital outflows from the country are moderating, top Chinese officials said on Sunday.

Easing outflows and the softer dollar are resulting in less pressure on the yuan currency, which could give the central bank more confidence to cut interest rates and banks' reserve requirements again after largely weak data in January and February, some market watchers say.

However, softer oil prices dampened sentiment.

Oil slipped for a second session, extending Friday' s slide of over 1 per cent after the U.S rig count rose for the first time since December, renewing worries of a supply glut after an output freeze proposal had helped boost the market to 2016 highs.

US West Texas Intermediate (WTI) futures fell more than 1 per cent to US $ 39.01 per barrel after briefly topping US $ 41, its highest since last December.

Brent crude edged lower to US $ 41.04 per barrel after hitting this year' s peak of US $ 42.54 per barrel.

STI and DOW up 5-6 consecutive sessions bound for profit taking and some corrections unlike HSI which have a couple of down days in between.

Asian: Stocks mixed

Asian stocks took a step back on Monday after three consecutive weeks of gains as a retreat in oil prices left investors in a ponderous mood about the health of the global economy.

Oil prices slipped for a second day, extending Friday' s slide of over one per cent after the US rig count rose for the first time since December, renewing worries of a supply glut after an output freeze proposal had helped boost the market to 2016 highs.

The wobbles in the oil market, and general downturn in commodities combined with cooling growth in China, have rattled financial markets in recent months. Fears about the outlook for global growth was also instrumental in the Federal Reserve last week indicating a slower path to future rate increases.

With Japan closed for a holiday, Antipodean markets were broadly mixed in morning trade.

In the absence of any fresh major economic data in a holiday-shortened week, investors were left to ponder the renewed softening bias from the Fed even as the US economic recovery appeared to gather fresh steam.
Brent crude' s front-month edged lower to US $ 40.94 per barrel after hitting this year' s peak of US $ 42.54 per barrel.

Asian Indexes

	Index	Country	Change	% Change	Level	Last Update
	Australia ASX All Ordinaries	Australia	-24.70	-0.47%	5,214.60	10:39pm ET
	Shanghai SE Composite Index	China	+61.07	+2.07%	3,016.22	10:44pm ET
	Hang Seng	Hong Kong	+95.32	+0.46%	20,766.95	10:45pm ET
	Mumbai Sensex	India	+275.37	+1.12%	24,952.74	Mar 18
	Nikkei 225	Japan	-211.57	-1.25%	16,724.81	Mar 18
	Taiwan TSEC 50 Index	Taiwan	-21.91	-0.25%	8,788.80	10:39pm ET