STI has been consolidating since Aug 2013 within a tight band. Current support is at 3080 & its resistance at 3180. Momentum is also slowing with bearish divergence forming at both volume & MACD indicators. More convincing breakout should happen beyond 3200. Quick look at some key FTSE ST Indices: A) FTSE ST Financials Index (FSTAS8000.SI)– Short term movement :…
Tag: STI
Straits Times Index hitting key resistance – Take profits on further strength | Technical Analysis | Singapore Stock Market Review
Ever since Jun 2012, our local Singapore bourse has been out performing vs the foreign markets despite lack of concrete improvement of the Euro crisis. Series of lackluster US economic data further add to the risk of a near term correction in the Singapore stock market. Looking at the STI technicals. it is now testing the very key resistance at…
Straits Times Index (STI) – consolidation continues with positive bias | Profit taking for a cheaper re-entry | Singapore Stocks Market
After the gap down for Singapore Straits Times Index in August 2011, the index underwent series of sideway consolidation. Support will be at 2600 and resistance will be at 2900. Mid term wise, the index is poised up though MFI shows that funds are not driving the recent gains. The index should continue its sideway consolidation with positive bias until…
Singapore Bank Stocks – Underperformed vs STI | Accumulate on further weakness | Technical Analysis
With the recent anxiety over Greece & Italy’s increased risk of not meeting their debt obligations with observed increased yield rates of their long term government bonds, there is renewed weakness in most banking stocks throughout the region. As seen in Singapore, Financial sector is seen to be underperforming against the overall STI as much as 4-8%. This is not…
Straits Times Index surges as sentiments improves | Take Profits or Buy into Strength? | Singapore Stock Market
Singapore stock market was once again sizzling after a Hari Raya holiday break. On the last day of the month, the benchmark Straits Times Index was up 93.37 points to close at 2,885.26. Gainers outnumbered losers 513 to 89. A total of 2.28 billion shares, valued at $2.44 billion, changed hands. The strength in the day volume signify the return of…
Stock Picks – Good bargain Singapore Stocks for buying and slow accumulation on price weaknesses | Fundamental Analysis | Singapore Stock Market
Stock market crashed multiple times in entire history and being humans we are always affected by fear & anxiety. We will ask the same question whenever it happens – “Will it go lower?”, “It is only the start…?”, “What’s wring with everyone?”, “When can we enter?” … Like any other technical and fundamental (2in1) analyst, we have the advantage to…
Straits Times Index – when to buy or enter at cheap valuation level? | Technical Analysis | Singapore Stock Markets
As expected after the S&P downgrade of US debt long term from AAA to AA+ over the weekend, all Asian markets crashed on Mon (8th August 2011). At one stage, the Straits Times Index tanked as much as 5%+ but recovered to 2884 at end of day session. It brings us to the million-dollar question : how long will the…
Finding silver lining among Stock Market major declines and increase risk aversion | Fundamental Analysis | Global Stocks Market
On Thurs (8th Aug 2011), the three benchmark stock indexes (Dow Jones Industrial, Nasdaq and S&P) all crashed into negative territory for the year. Oil also dropped sharply on thoughts of reduced global demand and even the safe haven gold sank as investors cut holdings to cover stock positions. Naturally, Treasurys and the dollar rallied. By then end of Thursday US…
House of Republicans and Senate approved raise of US Debt Ceiling but market waivers with risk of US rating cuts | Fundamental Analysis | US Stock Market
Last night (2nd Aug 2011), the Senate finally approved a proposal (74 to 26 votes) that increases the $14.3 trillion debt limit by up to $2.4 trillion in two stages, and by the Congressional Budget Officeís tally, reduces deficits by $2.1 trillion over a decade. Yet even with the cuts, the United States is projected to increase the national debt by…
Straits Times Index poised for a good consolidation breakout | STI & Component Stocks | Singapore Stock Market
On Wednesday the Greek parliament approved austerity measures to avoid default. Lawmakers in Athens on Thursday approved implementation of the plan insisted upon by European officials. With this economic backdrop, the general market sentiments have improved across the world. The recent US economic figures have also shown stability and slight improvements. These have encouraged the sideliners to be back into…