Daily Market Opinion for 11-Feb-2014

STI was seen struggling with its side yesterday and was saved by a late rally at the end of the day. STI started the day with a positive opening in reaction to previous trading day’s DJI’s closing. However, the positive opening failed to sustain after HSI opened in red. Traders were wary of the negative HSI opening and decided to exit the market just in case. STI was then forced to as low as 3003 level before it started to rebound. The rebound happened late in the day which helped STI to recover its lost grounds. STI managed to close at 3017.2 level eventually. A humble gain of 4.06pts was achieved. Last night, DJI ended flat with just 7.71pts up. Will STI end flat again today?

STI is starting to show signs of upside fatigue yesterday as it starts to approach its ...