Market Review and Trends
The STI Index has broken down through its 100 day moving average yesterday…
By Kevin Scully-Financial Blog  •  January 28, 2010
...this signals further downside.......maybe to the 2500 level but a lot depends on O I was a bit surprised by the decline in the STI Index yesterday as it was holding up well until about 3.30pm (see intra-day chart below). I reiterate my view that this is an overdue correction not a trend reversal as the macro economic and more importantly corporate earnings cycle seems to be strengthening. Read more...
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By Kevin Scully-Financial Blog
Kevin began his working life in the regional and economics division of the Ministry of Foreign Affairs. He then moved to the private sector analyzing equities before venturing out to start NRA Capital. After 25 years of watching stocks and living through financial disarray during the Pan Electric Crisis, the 1987 Crash, the Barings debacle, the Gulf War, Asian financial crisis - what can sub-prime do but add another scar to already bruised wounds. Ever since starting his blog, Kevin has been enthusiastically giving his personal views on the market. He discusses about equities, the market turmoil, and the broad economy.
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