Invest
Market Outlook (29/10/11): STI Last Rally For Double Dip?
By Dou  •  October 29, 2011

In last week, STI gain a solid 194 points from the opening of 2712 and close lower at 2906. A white candle sticks with no upper/lower shadow indicates that investors are bullish and no qualms on buying the stocks higher.

Key Economics Data report:

In the past week, investors turned bullish as European leaders has showed progress on their bailout fund and resolve the Greek debt restructuring. They were expected to take the plan to the G-20 leaders meeting in Cannes on Thursday and Friday

Investors are beginning to turn their attention from Europe’s tortuous sovereign debt drama and back to US economy. There are speculation that the Fed could start up a new quantitative easing program — QE3. This program mainly focus on the purchases of the mortgage market.

Technical Analysis on STI

STI index has broke the critical resistance at 2820 in this week with high buying pressure ...

...
Read the full article
By Dou
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance