Daily Market Opinion for 20-June-2013

STI halted its rally yesterday as the market stayed in cautious mode, waiting for the conclusion of the Fed meeting last night. STI opened slightly down as market followed the negative closing of DJI on the previous night. There were attempts to trade higher during the morning session but it was soon fired down by the profit takers; reaching as high as 3235 level. Trading activities were thin but it was dominated by sellers for the rest of the day. STI hit as low as 3208 level before closing at 3213 level with 15.76 pts down for the day. Last night DJI was down by 206.04pts last night after Bernanke announces that they will retain their QE package but will likely to halt it if economic situations improve. Will STI also follow suit in the drop today? Will STI form its lower high ...