Daily Market Opinion for 23-Jan-2015

A surprising announcement by ECB had lifted up the confidence of the world market yesterday. ECB announced that they will be implementing bond buy program to help to lift up the European economy yesterday. This announcement had brought joy to the market and attracts buyers into the market. STI also managed to catch on to the bullish sentiment and made more gains yesterday. It first opened with slight bearishness but buyers were still in the market to push it up after opening. Buying strength was gradual in the morning session as market participants were buying in cautiously. But after lunch hours, confidence built up again which helped STI to hit a high of 3377 level before closing slightly lower. STI ended its day with 15.83pts up; ending at 3370.29 level. Last night, DJI rallied 259.70pts higher. Will STI continue its rally today? ...