Marketinout Scans and Updates





ISDN properly look the best for some short  term play.

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USD / Gold / Alibaba / FX Options

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Gold 1) We witnessed the break of the $1,200/oz psychological support for Gold last week as price action accelerated on the downwards momentum after the psychological break. 2)Gold looks poise to record yet another monthly loss, matching the milestone in 1996 when the yellow precious slumped for a record of 5 consecutive months as well, though degree of drop was different. 3)Gold investors has been struggling tremendously on the back of the rallying USD as status of safe haven currency/asset is being questioned during this period of heighten tension of geopolitical risk. 4) Non-commercial COT positioning also hit extreme bearishness, going into negative territory for the first time in  17 years  [ see chart below] (Bloomberg) China Tech/ Alibaba 1)Last week we saw some of the China tech names exhibiting some form of rebound after dismal earnings from Tencent in mid-last week dragged Chitech space even lower initially. Stocks like Baidu and Alibaba traded ...
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NZDUSD / USDCAD

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HoBee - Diary Post

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HoBee momentum continues, very strong infact. I feel that breaking 1.6 should be of no problem. The question is when it will break the $1.70. As long as macro outlook stabilies, HoBee could move to higher high and break the $1.60 resistances that is currently facing now. Too many good signals in the last 20 trading days. Until I see weakness in the setup, investors that has Hobee should continue to ride it. Broke 1.62 convincingly and BB just ate 527 lots at 1.62. 29/11/2012
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