Dear readers, overall, year-to-date, we have a good run in Singapore equities, which I think parallels that for global equities. Apart from equities, we are also having a good showing in our Singapore dollar with the USD/SGD now at 1.36. Though this good forex for Singapore dollar is in part due to the performance of the USD dollar, overall, it is really true that the Singapore Dollar is really strong.

As for how Singapore stocks will perform next, one good chart to infer the performance will be the technical chart of the STI ETF. On 11 Aug 2017, the STI ETF retreated with a bearish candlestick by 1.2% and I noted that the 5-DMA of the STI ETF, as a result has trended south. Though the 20-DMA of the STI ETF is still on a positive slope, should the 5-DMA intersects the 20-DMA from above and the 20-DMA …