EQUITYOPPORTUNITY

Sunday, October 16, 2016

Predictions for week of 17-21 Oct 2016


  • Axiata will rebound at least 20 sen from an oversold condition, holding the M$5 support eventually.
Postmortem : WRONG
  • The Dow will be tested this Monday, 2 days short of the 19th Anniversary of Black Monday, with a 43% : 57% chance of a sharp selldown with no recovery versus an initial sharp selldown followed by an equally sharp recovery to a clear gain respectively.
Postmortem : WRONG
  • Most Asian markets will drop significantly within the next 2 days before recovering
Postmortem : WRONG
  • The US$ will continue to rise, perhaps to as high as 99.90 on the USD Index
Postmortem : RIGHT
  • Crude oil will trade sideways to higher this week
Postmortem : WRONG
  • The SGX penny stock rally will, by and large, continue with a minority of laggards posting impressive gains

Postmortem : RIGHT & WRONG
  • The Nikkei will be the strongest among the major Asian indices
Postmortem : RIGHT

  • The agri complex will generally correct last week's gains
Postmortem : RIGHT
  • Singapore-listed Hyflux will successfully defend its 46.5c support with a 63% probability
Postmortem : RIGHT
  • Gold will rebound strongly this week
Postmortem : RIGHT

Probability of being profitable = 55%

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