Daily Market Opinion for 5-Nov-2013

STI started the week flat despite speculations that US Fed reserve might be considering to end their stimulus package. Regional market were impacted by the negative news and ended in red instead. Yesterdays’ opening was a strong one as STI attempts to return back to 3230 resistance level. It hit a high of 3212 level during the morning session but the upside was tapered off by the negative opening of HSI. Trading volatility was low for the day as trading volume was seen only with 0.13 billion being exchanged hands. Interest was definitely lacking yesterday and STI ended up with only 2.74pts up, closing at 3203 level. Last night, DJI end flat with 23.57pts higher. Will STI continue to stay in such in-volatile condition today? Or will STI attempts to test its 3230 level again?

Yesterday’s price action has shown that STI ...