This has not change - whenever US market reached a new height, selling pressure comes in. The recent new height which DOW took place was on 2-Mar. After that, it struggled between the range of 17600 to 18200. This month we saw a much lower non-farm number whether is comparing to the previous month/year or forecast. We saw improvement on US economic is not as what analysts forecasted/expected.
The struggling allowed the ASIA market to do a catch up game. As you can see Shanghai, Hang Seng, STI .... broke their 6~7 years high. Shanghai index has reached 4300. It has gone up 2x as compare with their old 2000 point psychology level. In other word, wave 2 or so called first half bull charged has completed. It is time for the Shanghai index to go into a correction. In fact, world indices needs a correction.
Shanghai and Hong Kong connection definitely benefit Hang Seng too. As we saw how the fund moved from one side to the other. Recent rumour about Shanghai and Singapore connection pushed the price of SGX from 6.7 to 8.6 However, when the news broke out on 15-Apr that connection has yet to confirm, SGX dropped from 8.66 to 8.25 I believe they are going to have a good coming quarterly report.
Interest rate will definitely go up, is a matter of time. US was not raising their interest rate because other countries/region like Europe, Japan.....are printing money.
My researched on this year world indices movement has no change. Stick to what I wrote on 27-Dec'14 - http://achua138.blogspot.sg/2014/12/y2015-is-going-to-be-volatile.html I am waiting to see world major indices to come in line. Then they continue to charge up with more retail investors joining the game.
The struggling allowed the ASIA market to do a catch up game. As you can see Shanghai, Hang Seng, STI .... broke their 6~7 years high. Shanghai index has reached 4300. It has gone up 2x as compare with their old 2000 point psychology level. In other word, wave 2 or so called first half bull charged has completed. It is time for the Shanghai index to go into a correction. In fact, world indices needs a correction.
Shanghai and Hong Kong connection definitely benefit Hang Seng too. As we saw how the fund moved from one side to the other. Recent rumour about Shanghai and Singapore connection pushed the price of SGX from 6.7 to 8.6 However, when the news broke out on 15-Apr that connection has yet to confirm, SGX dropped from 8.66 to 8.25 I believe they are going to have a good coming quarterly report.
Interest rate will definitely go up, is a matter of time. US was not raising their interest rate because other countries/region like Europe, Japan.....are printing money.
My researched on this year world indices movement has no change. Stick to what I wrote on 27-Dec'14 - http://achua138.blogspot.sg/2014/12/y2015-is-going-to-be-volatile.html I am waiting to see world major indices to come in line. Then they continue to charge up with more retail investors joining the game.
