Market Review and Trends
Daily Market Opinion for 18-Mar-2014
By Jay Chia - Your Financial Mentor  •  March 18, 2014
Daily Market Opinion for 18-Mar-2014

Daily Market Opinion for 18-Mar-2014

STI was seen taking the rebound route yesterday as it is running in danger of turning into downtrend. 3065 support held well despite market’s anxiety. The day started with weakness for STI as it reacted to DJI’s weak closing on last Friday. But the selling pressure did not turn out to be strong and the sentiment started to reverse after HSI’s opening. Buying strength entered the market gradually during the day and hit a high of 3093 level. Closing was a notch lower than the high; ending at 3092.14 level. Last night, DJI closed with 181.55pts up. Will STI continue to head higher today?

Holding at 3065 support level is a good sign for STI as this indicates that it is not turning downtrend yet. The rebound yesterday gave hope that STI can still maintain its bullish chances. However, bearishness can still set ...

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By Jay Chia - Your Financial Mentor
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