Singapore Stock signal rebound

There are too many external force affecting Singapore stock market. We can't just look at our own market while it is driven by external factors. Let's look at HK's HSI  

Hong Kong HSI closed at 20,803 in thinner trading volume. However, performance is better than expected. If Monday stock did not fall below 19900, 10 days and 5 days moving average will be across and sign rebound.

Yesterday's HSI trading volume is HK$2.3 billions. Which is 89% of 10 days' average volume. DJI closed lower on Friday. Market stock may go lower. However, as long as HSI end above 19900. Market will continue to recover.

Better data from Japan last Friday.

China's cash crunch is improving.  China central bank will keep Chinese Banks' cash flow at lower possible level. And force banks to withdraw their money from Shadow Banking system and other finance vehicles. It will stabilize Chinese Bank in long run. But short term pain is lower non interest income.

USA GDP grow slower than expected. Federal Reserve may delay tapering QE and let easy money to flow into world markets longer time.

Markets are heading toward brighter future. I find Singapore Stock's PE and Price/ NAV are NOT too attractive. I will continue to buy Bank of China and ICBC. I am expecting 20% return in one years.