HK - Market Direction 01 (Jan 12 - Jul 15)

[winston]

HK closed for trading on Monday.

[winston]

June 5, 2012

The HSI fell below the crucial support level of 18,300, closing yesterday at 18,185.

Technically, it should fall back to test last October's low of 16,170.

Source: Dr Check, The Standard HK

He wrote the above on June 5.

Today, he wrote this:-

In the near future, the Hang Seng Index may move aimlessly between 18,900 and 19,500.

I think we should buy well- valued picks when their prices are near historical lows and then sell when prices rise.

Source: Dr. Check, The Standard HK

[winston]

China this week has a slew of data, the most vital being the second quarter's gross domestic product.

Chasing a single stock in these topsy-turvy days is well nigh impossible.

If the Hang Seng Index falls to near 19,200, though, buy rather than sell.

Start by building a portfolio to bet that the Fed is set to move on QE3.


Source: Dr. Check, The Standard HK

[winston]

Sun Hung Kai Financial prefers high yielding/ non-necessity consumption/ property/ commodity stocks

Daniel So, analyst at Sun Hung Kai Financial, said Hong Kong and China stocks will turn bullish due to China's policy.

He advised investors to accumulate high-yielding, non-necessity consumption, property and commodity stocks.

High yielding stocks include BOC HONG KONG (02388), HUTCHTEL HK (00215) and FORTUNE REIT (00778);

Non-necessity consumption stocks include INTIME (01833), DAPHNE INT'L (00210), SANDS CHINA LTD (01928) and LUK FOOK HOLD (00590);

Property stocks include CHINA OVERSEAS (00688) and CHEUNG KONG (00001);

Commodity stocks include CNOOC (00883), CHINA COAL (01898), CNBM (03323), TECHTRONIC IND (00669) and AAC TECH-500 (02018).

Source: AAStocks Financial News

[winston]

TOL:-

Do you understand the 200+ points drop yesterday and today's 300+ point increase ?

It was done when turnover is very low.

Nowadays, turnover is onlyaround HK$40b+ compared to HK$65b+ not too long ago.

I smell some manipulation, possibly to affect the direction of Bulls & Bears Warrants.

Do you know why you are Buying or Selling ?

[winston]

HK maybe closed today from the typhoon. Confirmation at 9am.

Weak day, so might as well close it

[eauyong]

CHINA ECON: HSBC Flash Manufacturing PMI +49.5 in July vs 48.2 in June.

[winston]

HKEX will resume trading at 1pm.

[winston]

The next big resistance at 19,800 ? ( also the 250-day moving average ).

[winston]

Up or Down ?

A mere 25-point gain in the Hang Seng Index yesterday was a bit disappointing.

Last Friday's upturn might have been due to technical buy/sell orders rather than fundamentals or general sentiment. But I really hope the current rally will last until the end of the year.

If good news fails to move the index beyond the 20,500 level with high turnover this month, you should turn cautious.

Sentiment can change very fast - just like it did when the index fell 32 percent between June and October last year.


Source: Dr Check, The Standard HK