Gold will hit 2000, Stock analysts projected Baltic dry index (BDI) will be stagnant this year around 2500 to 2600 (next year target 4000) due to China slow down in iron ore import and property cooling... October stock market indicators or signals - will pull back 10 to 12%, October and November equity markets will be bear market trending down.... Better buy gold and stay away from equity or stocks... Professional Analysts expecting bear market stocks trending down. Common stock markets' headlines... Emotions or Fears to "wick" out weak retail investors. Buy on dip blue chips and won't recommend short unless you've very high market risk appetite!
Fears and Negative Emotions' Sentiments (Bearish market Sentiment Indicator rising soon) were triggered again! Retail investors' confidence to invest in equity market suddently turn to indecision or make decision against the equity market trends...
Still the same call posted on last Saturday. Short term cyclic trend trading higher high if no major negative events. Short term shortists squeeze will pull SPX back to 1150 (need higher volume to cross over) and trend up to 1170 to 1180. Nevertheless, trade with caution.
Stock Markets' Indicators (Estimation)
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S&P500/SPX (range bound) on low volume
SPX Index 1131.87 to 1148.16, close at 1137.03
Weekly chart shows stock market trend will retest 1150 upward again (on higher volume) - expect the unexpected. Daily SPX chart RSI may cross below 50 marks before rebound again!
Today Range likely between 1130 to 1155. Strong support at 1130/1124 20MA.
Short term market trend top 1170 to 1180 (higher volume near 1200)
Year end - Near 1250 and may cross 1300, likely the stock market trend top (market trend indicator)
BDI (Baltic Dry Index)
Stock market traders will be watching closely this sector stock market trend! Consolidating...
RSI > 50, shipping related stocks will be bullish.
RSI > 70, likely the stock market trend top for this sector (indicator)
Copper
Copper is Consolidating and trending up. Higher high and higher low.
Near 400, likely the stock market trend top (copper indicator).
STI
Buy on dip on marine related blue chip stocks (Sembawang Marine, Keppel Corp and NOL).
Consolidation phase before the laggards trend up higher higher and higher low.
Stocks in this sector will trend up from mid October onwards.
Short Term market trend top near 3160 to 3170 range (cross over yesterday). Trend down to 3136 this morning. Will retest 3160 again. Need higher volume to sustain and cross 3200 psychological resistance.
Year end Near 3250/3300, likely the stock market trend top (indicator)
SSE
Stock Market upward trend affected by government cramping down on property! But trend up 44.98 pts and closed at 2655.66 last Friday. If no further property curbing, SSE will trade upward.
Short term market trend will re-cross 2700 and above.
Near 3150 (November/December 2010), likely the stock market trend top (indicator) for this year.
Near 3378/3429 (February/March 2011), likely end of primary bear market stock upward trend.
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