Market Review and Trends
Daily Market Opinion for 27-Jan-2015
By Jay Chia - Your Financial Mentor  •  January 27, 2015

Daily Market Opinion for 27-Jan-2015

STI started the week bearishly as many market participants took the heighten opportunity to take profit out of the market. Furthermore, Greece came into the limelight again this time round as their polls seems to be skewing to the uncertain region. Cautiousness was adopted and hence, STI opened slightly lower. Buying momentum was not strong throughout the day and hence, with the selling pressure, STI was being driven downwards. Low of the day was seen at 3393 level before it closes at 3398.52 level. 12.98pts was lost yesterday. Last night, DJI ended flat with only 6.10pts up. Will STI retrace further due to profit taking today? Or will STI attempt to continue to trade higher today?

STI might be attempting to consolidate first before it can start to trade higher towards its weekly resistance level of 3460 level. Gap covering attempts might ...

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By Jay Chia - Your Financial Mentor
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