Market Review and Trends
Daily Market Opinion for 13-Aug-2014
By Jay Chia - Your Financial Mentor  •  August 13, 2014
Daily Market Opinion for 13-Aug-2014

Daily Market Opinion for 13-Aug-2014

STI failed to end its day positively despite positive leads from the US market. STI had reacted bullishly to the positive leads by having a gap up opening. However, it failed to sustain the bullishness and started to wither off after hitting a high of 3319. Sellers entered the market as they reacted to bearish sentiment in the region. STI tried to sustain with some gains before closing hours but it failed to end positively. STI ended slightly lower with 3.06pts down, closing at 3303.39 level. Last night, DJI ended slightly lower with 9.44pts down. Will STI be able to maintain its strength currently? Or will it continue to lose its grounds?

STI’s failure to trade higher yesterday also means that it had failed to confirm its higher low formation. With a black candle closing, it indicates that STI might be attempting ...

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By Jay Chia - Your Financial Mentor
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