Daily Market Opinion for 10-Dec-2014

STI attempted a rebound yesterday and was able to retain its gains yesterday despite weakness in regional market. During its opening, STI managed to open above 3305 level with a gap up. However, it faced some selling pressure which pushed it to as low as 3306 level. At the low, STI managed to rebound strongly and reversed the previous day losses to hit a high of 3334 level. Selling pressure was then seen towards the end of the day which forces STI to close at 3319.84 level. STI gained a total of 22pts exactly. Last night, DJI continued to head lower with 51.28pts down. Will STI be able to continue to make gains today or will it turn bearish and catch up with the bearish regional markets?

It is assuring to see STI to be able to return back above 3305 level and ...