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ASEAN STOCK WATCH Asean Affairs  15 April 2013 

Singapore Stock Exchange Preview

The Singapore dollar slid as much as 0.2 percent to 1.2393 against the U.S. dollar Friday.

The Monetary Authority of Singapore (MAS) lowered its inflation forecast for 2013 to 3 percent to 4 percent from the previous range of 3.5 percent to 4.5 percent and cut its outlook for core inflation to 1.5 to 2.5 percent, citing the weaker-than-expected price increases over the past few months.

The city-state's economy contracted a seasonally adjusted and annualised 1.4 percent in the first quarter from the previous three months, data showed, missing market forecast of 0.7 percent growth.
But the MAS held monetary policy steady as expected and said it will maintain the Singapore dollar's "modest and gradual" appreciation path.

Technical Outlook
Short Term:          Neutral
Intermediate Term:   Bullish
Long Term:           Bullish

Singapore Stock Exchange is currently 5.6% above its 200-period moving average and is in an upward trend.

Volatility is relatively normal as compared to the average volatility over the last 10 periods.

Our volume indicators reflect volume flowing into and out of Singapore Stock Exchange at a relatively equal pace (neutral).

Our trend forecasting oscillators are currently bullish on Singapore Stock Exchange and have had this outlook for the last 9 periods.    

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20).  The Stochastic Oscillator is 54.7422.  This is not an overbought or oversold reading.  The last signal was a  buy 2 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas.  The current value of the RSI is 51.38.  This is not a topping or bottoming area.    A buy or sell signal is generated when the RSI moves out of an overbought/oversold area.  The last signal was a sell 45 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas.  The current value of the CCI is -8.  This is not a topping or bottoming area.  The last signal was a sell 6 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line.  The last signal was a sell 3 period(s) ago.


Stock Exchange of Thailand Preview

Thai Fund Inc.(NYSE:TTF)

Public Holidays

The Stock Exchange of Thailand Index is currently 13.0% above its 200-period moving average and is in an downward trend.

Volatility is extremely high when compared to the average volatility over the last 10 periods.

There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect moderate flows of volume out of SET (mildly bearish).

Our trend forecasting oscillators are currently bearish on SET and have had this outlook for the last 14 periods.

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish

  Currency    Latest bid  End prev year    Pct Move
  Japan yen        99.34          86.79      -12.63
  Sing dlr        1.2382         1.2219       -1.32
  Taiwan dlr      29.929         29.136       -2.65
  Korean won     1129.24        1070.60       -5.19
  Baht             28.98          30.61       +5.62
  Peso             41.28          41.05       -0.56
  Rupiah         9709.00        9630.00       -0.81
  Rupee            54.51          54.99       +0.88
  Ringgit         3.0350         3.0580       +0.76
  Yuan            6.1914         6.2303       +0.63

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 65.0750. This is not an overbought or oversold reading. The last signal was a buy 1 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 49.84. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 17 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -6. This is not a topping or bottoming area. The last signal was a buy 1 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 17 period(s) ago.

Philippines Stock Exchange Preview

Technical Outlook
Short Term:          Overbought
Intermediate Term:   Bullish
Long Term:           Bullish

Philippines Stock Exchange is currently 19.7% above its 200-period moving average and is in an upward trend.

Volatility is high as compared to the average volatility over the last 10 periods.

Our volume indicators reflect volume flowing into and out of Philippines Stock Exchange  at a relatively equal pace (neutral).

Our trend forecasting oscillators are currently bullish on Philippines Stock Exchange  and have had this outlook for the last 5 periods.   

The security price has set a new 14-period high while our momentum oscillator has not.  This is a bearish divergence.

Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20).  The Stochastic Oscillator is 88.1198.  This is an overbought reading.  However, a signal is not generated until the Oscillator crosses below 80  The last signal was a sell  7 period(s) ago.

Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas.  The current value of the RSI is 63.07.  This is not a topping or bottoming area.    A buy or sell signal is generated when the RSI moves out of an overbought/oversold area.  The last signal was a sell 23 period(s) ago.

Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas.  The current value of the CCI is 92.  This is not a topping or bottoming area.  The last signal was a sell 7 period(s) ago.

MACD
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line.  The last signal was a buy  8 period(s) ago.

Jakarta Stock Exchange Preview

Technical Outlook
Short Term:          Neutral
Intermediate Term:   Bullish
Long Term:           Bullish

Jakarta Stock Exchange  gapped up Friday (bullish) on normal volume.

Possibility of a Runaway Gap which usually signifies a continuation of the trend.

Four types of price gaps exist - Common, Breakaway, Runaway, and Exhaustion.  Gaps acts as support/resistance.

Jakarta Stock Exchange is currently 13.5% above its 200-period moving average and is in an upward trend.

Volatility is high as compared to the average volatility over the last 10 periods.

Our volume indicators reflect moderate flows of volume into Jakarta Stock Exchange  (mildly bullish).

Our trend forecasting oscillators are currently bullish on Jakarta Stock Exchange  and have had this outlook for the last 68 periods.    

Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20).  The Stochastic Oscillator is 52.4806.  This is not an overbought or oversold reading.  The last signal was a  buy 1 period(s) ago.

Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas.  The current value of the RSI is 61.54.  This is not a topping or bottoming area.    A buy or sell signal is generated when the RSI moves out of an overbought/oversold area.  The last signal was a sell 6 period(s) ago.

Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas.  The current value of the CCI is 57.  This is not a topping or bottoming area.  The last signal was a sell 6 period(s) ago.

MACD
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line.  The last signal was a sell 4 period(s) ago.



Shayne Heffernan Ph.D.
Economist/Hedge Fund Manager


Live Trading News

Thomson Reuters
Knightsbridge Law
Heffernan Capital Management
HCMMedia
Heffernan Shipping

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Linda Johnson, Business Development Director - Private Client Group, Heffernan Capital Management
Sales@Heffcap.com
 
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Tel: +65 6329 6408 Fax: +65 6329 9699
Email : info@heffcap.com
 
 
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ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 

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