Market Review and Trends
Daily Market Opinion for 23-Oct-2014
By Jay Chia - Your Financial Mentor  •  October 23, 2014
Daily Market Opinion for 23-Oct-2014

Daily Market Opinion for 23-Oct-2014

STI staged another day of rally on Tuesday before it closes its market for Deepavali holiday. The day did not open strongly as the market continues to have doubts on the upside possibilities. Hence, it started early by hitting a low of 3180 level before more convicted buyers enter the market. The bullish strength entered gradually into the market which helped STI until it tested 3200 resistance level. There was a bit of hesitation at that level but in the end, STI managed to close above it. It ended at 3202.74pts, gaining 21.69pts for the day. Last night, DJI ended 153.49pts down after a strong gain on Tuesday night. Will STI be able to continue its bullish streak after the holidays? Or will DJI’s last night drop impact STI’s strength today?

The movement on Tuesday had helped STI to go beyond its ...

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By Jay Chia - Your Financial Mentor
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