Market Review and Trends
Daily Market Opinion for 17-Jul-2014
By Jay Chia - Your Financial Mentor  •  July 17, 2014
Daily Market Opinion for 17-Jul-2014

Daily Market Opinion for 17-Jul-2014

STI had at last made a decisive gain yesterday as positive sentiments started to set into the market. STI was able to open with a gap up and it decided to strike off the negative outlook of the current economic situation. A low of 3295 level was achieved first before further gains were made for the rest of the day. This decisive bull had managed to pull a high at 3305 level before settling slightly lower. At the end of the day, STI closed at 3304.43 level with 13.01pts up. Trading volume remains low yesterday. DJI managed to gain 77.52pts last night. Will STI be able to continue to make further gains today? Or will it feel the resistance and start to retrace?

STI closed with a decisive white candle yesterday. The upper and lower shadows were short which indicates decisiveness. 3305 ...

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By Jay Chia - Your Financial Mentor
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