Market Review and Trends
Daily Market Opinion for 19-Mar-2014
By Jay Chia - Your Financial Mentor  •  March 19, 2014
Daily Market Opinion for 19-Mar-2014

Daily Market Opinion for 19-Mar-2014

STI was plagued with cautiousness again as market participants were concerned about Ukraine’s situation and the FOMC meeting last night. The day opened with a slight gap up as it continues to attempt to reach its next resistance at 3120 level. However, it met the 20ma resistance line and was unable to go beyond 3101 level. Selling starts to set in after hitting the high and this momentum dominates for the rest of the day. A low of 3082 was hit before bargain hunters enter the market to stage a rebound before market closing. The intraday rebound was fruitful as it managed to help STI to return back to its previous day’s level. STI ended at 3083.84 level with mere 1.7pts gain. Last night, DJI was seen making 88.92pts gain. Will STI continue its attempt to trade higher today or will bearishness ...

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By Jay Chia - Your Financial Mentor
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