Market Review and Trends
Daily Market Opinion for 6-May-2014
By Jay Chia - Your Financial Mentor  •  May 6, 2014
Daily Market Opinion for 6-May-2014

Daily Market Opinion for 6-May-2014

The week started with a bearish start as market starts to be concern about the weak China manufacturing data. Despite a positive opening, economic concerns on China start to lurk market participants’ mind and caused selling pressure to happen before lunch hours. STI failed to sustain above 3255 level and it is now heading back to its support at 3230 level. Situations did not improve throughout the day and eventually, STI closed near its low of the day at 3262 level. STI ended at 3241.6 level and lost 10.95pts. Last night, DJI was seen trading flat with only 17.66pts up. Will STI be able to regain its foothold today? Will the rebound be happening today?

The bearish movement yesterday might have shaken many that the market might be starting to form downtrend, but it is still within the expected range. STI closed ...

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By Jay Chia - Your Financial Mentor
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