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Daily Market Opinion for 17-Oct-2013
By Jay Chia - Your Financial Mentor  •  October 17, 2013
Daily Market Opinion for 17-Oct-2013

Daily Market Opinion for 17-Oct-2013

STI did a catching up yesterday as it rebound towards 3180 level again. The opening started with a strong gap up at 3179 level and it continued to rise higher to as high as 3185 level. However, cautious mood continues to cap the market as US debt concerned traders sell into strength. During the mid day, STI slowly creep back below 3180 level again. To wrap up the day, STI only manages to rebound 8.78pts and close at 3174 level. Trading volume continues to be light throughout the day. Last night, US government managed to conclude a new debt deal which lifted the worries from the market. DJI closed with 205.82pts up. Will this news cause STI to rebound further today?

3180 resistance level continues to be a tough level for STI to clear yesterday. It was a 3rd day of black ...

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By Jay Chia - Your Financial Mentor
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