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…
Tag: Straits Times Index
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…
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…
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…
Strong Singapore GDP growth clouded by Greece bailout risks | Fundamental Analysis | Singapore Stock Market and STI
On Wednesday 22nd June 2011, Greek Prime Minister George Papandreou’s government survived a confidence vote in parliament. This piece of news has injected the needed confidence among the investors who underwent financial market turmoils for the past few weeks. European leaders breathed a sigh of relief but kept up the pressure on Greek Prime Minister George Papandreou, who faces a vote…
Multi week lows for major stock markets – Dow Jones Industrial, Nasdaq, Straits Times Indices with soft USD $ | Technical Analysis | US Stock & Currency Markets
The market is still digesting that there’s been a softening in economic growth in the U.S. and other parts of the world. This is not surprising as there are signs of bearish divergences in most of the indices technical chartings. The six-week losing period, which has knocked 6.7% from the Dow, is the longest stretch since October 4, 2002, when…
European crisis and China economy slowdown have increased risk aversion | STI, Cosco, Yangzijiang stock prices | US, Singapore Stock Markets
Once again, it was a ‘red’ Monday with all stock markets not spared from the brutal selldowns. Though traditionally, May period is known to most experienced investors as a month of ‘short’ or ‘sell’, this time round, the new anxiety and fear is a result of some key economic developments in UK and China. On Friday (20th May 2011), Fitch…
Straits Times Index after Singapore Elections 2011 | Technical Analysis | Stock Market
It was a very interesting outcome for the Singapore Elections 2011. As anticipated, the ruling party PAP still hold the winning majority of the parliament seats. But what creates uncertainty among the Singapore population is the decreasing winning proportion of the valid votes casted. It has declined from 2006 (66%) to 2011 (60.1%). The opposition party, WP, managed to seize…