Author: Jay Chia - Your Financial Mentor

Straits Times Index might attempt a rebound

Straits Times Index might attempt a rebound Happy Lunar New Year to everyone and I wish everyone will Huat Huat Huat this year! Last week, Straits Times Index did not show a sea of red as an auspicious symbol to start the Lunar New Year. Market participants are excited by the cheaper valuation in the market and decided to buy into the market. In the shot 4 days week, STI was able to start the week bullishly. However, the bullish start was not easy as it continues to face selling pressure which caps STI’s upside. It is clear to...

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Straits Times Index in the midst of correction

Straits Times Index in the midst of correction Strong selling pressure seeped into the Straits Times Index as the stock markets of the whole world went into selling frenzy. The selling sentiment started in US market first which created a domino effect to other leading markets. Reports of corrections happening became real as profit takers scrambled to exit the market quickly after a long streak of bullish movements since last year. Rebound attempts that happened during the week became opportunities for sellers to exit the market. This bearish spiral caused STI to lose a total of 152.58pts for the...

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Straits Times Index poised for retracement movements

Straits Times Index poised for retracement movements The long awaited bearish sentiment started to appear in the Straits Times Index last week after 5 weeks of rally. STI attempted to trade higher during the early week but failed to sustain the bullishness. Selling pressure was triggered by the bearishness in the US market. There was no strong reason for the market to start buying and hence, sellers dominated the market last week. Due to this, the momentum to help STI to reach 3630 resistance level has stopped and reversed. A total of 37.32pts was lost during the week as...

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Straits Times Index’s upside getting limited.

Straits Times Index’s upside getting limited. The bullish sentiment remained firm last week. The bullish sentiment was mainly seen during the early week which pushed STI to as high as 3611 level. This bullish sentiment came to an end last Thursday as market participants preferred to stay out of the market. Strong profit taking pressure returned most of the gains of the week and this sentiment ended the week at 3567.14 level. This translates to a gain of only 16.78pts despite a strong start. Will the bullish movements for the past few weeks come to an end? How will...

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Straits Times Index facing resistance at 3530 level.

Straits Times Index facing resistance at 3530 level. The Straits Times Index continued its bullish streak last week. Buyers were positive of the upside and were seen buying during the early week. This leads STI to reach its resistance level at 3530 level. However, the resistance level at 3530 level seems to be firm. This prevented STI from going higher as profit takers were seen dominating the market. The profit taking actions were not strong enough to push STI lower. The market continued to stay close to its resistance level which helped to maintain the early gains during the...

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Performance of Securities Wrap Portfolio for 2017

Performance of Securities Wrap Portfolio for 2017 Since 2016, I have been talking about this Securities Wrap service which some of my clients had adopted. Let me briefing explain how this Securities Wrap service works. Traditionally, it has been part of the securities regulations that Trading Representatives like me are not allowed to give advices on client’s investment positions. Trading advices like what and how much to buy or sell are not allowed. Hence, it is tough for Trading Representatives like me, whom practises prudent financial investment management, to help clients to improve their investment strategies. At the end...

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Selected client’s investment portfolio performance for 2017

Selected client’s investment portfolio performance for 2017 Many of us had gone through the bountiful year of 2017 as the market rallied more than 18% in the year. As I have already reported my personal investment portfolio returns for 2017, I will also be reporting the portfolio performance of my client’s group whom I have been tracking for years. This will help us to understand whether general investors will be able to rip the kind of return that we have always imagined off during the bullish market. As stated in the previous year, the main objective of these statistic...

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Strong start for Straits Times Index in year 2018

Strong start for Straits Times Index in year 2018 Last week is a brand new start for Straits Times Index as the market starts trading for year 2018. The short week started with a bang as STI propelled strongly towards 3450 resistance level. Traders and investors were buoyant by the positive mood as the usual Capricorn effect starts to affect the month of January. Reports were citing strong economic numbers were seen in both US and China as the reasons for the strength in the market. Through all these strong reasoning, STI was able to break its resistance of...

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Jay’s expectations for Straits Times Index in 2018

Jay’s expectations for Straits Times Index in 2018 Happy 2018 everyone! Year of 2017 turned out eventful for many as the Straits Times Index managed to end the year with a whopping 18.13% of gain. This gain was achieved when everyone was concerned on the newly minted President Trump’s policy changes to missiles and nuclear testing by the North Koreans. Before 2017, many expected the year to be of challenges which leads to advices on cautiousness. Looking back, if one is to hold back due to these concerns, you will have missed the opportunities that happened in 2017. I...

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Bearishness set to continue to end 2017

Bearishness set to continue to end 2017 Merry Christmas and Happy New Year to everyone! Today’s weekly analysis will be the last of the year before we embark to tackle 2018’s market. Straits Times Index faced another bearish week as the market comes to an end to celebrate Christmas day. Selling pressure was seen happening throughout the week as short-term bearish pressure continues. Trading volume was on the low side as it always happens during the Christmas period. Hence, there is no room for panic as the selling pressure is not strong. On Thursday, STI failed to hold above...

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Straits Times Index facing retracement risk

Straits Times Index facing retracement risk Bullish streak for Strait Times Index had ended last week as the market rushed to exit the market. The week started flat as many are still finding clues to spur the market towards upside. However, bearish movements in US market had caused jitters to the Singapore market on Tuesday. Many rushed to exit the market as buyers were also fearful in entering the market. Talks of deeper correction were hyped up during the mid week which created further fear. Key support level at 3355 was broken on Thursday which sparked more bearish talks...

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Straits Times Index to remain bullish till resistance level.

Straits Times Index to remain bullish till resistance level. New high was form for the year as Straits Times Index continues its bullish run last week. The week started flat on Monday as market participants were consolidating for more reasons to buy in the market. On Tuesday, the market rushed higher as earnings reports from various companies brought confidence back into the market. This helped STI to reach as high as 3429.11pts during the week. These positive actions are clear indication that the market is still in a strong bullish trend. However, resistance level at 3450 level is yet...

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Straits Times Index nearing the key resistance level of 3355

Straits Times Index nearing the key resistance level of 3355 Straits Times Index continued its bullish streak for the 3rd consecutive weeks as market confidence starts to build up. Buoyant by improving economic situation around the world, STI was able to trade closely to this year’s high of 3354 level. This level has yet to be tested but it is likely to be tested soon. During the week, volatility was seen daily as buyers were seen hassling with the profit taking sellers. Buyers were seen winning daily as the market closed higher every day. However, such market actions made...

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Straits Times Index bullish momentum is to continue.

Straits Times Index bullish momentum is to continue. It is another bullish week for Straits Times Index as the market is buoyant by strong economic figures. The start of the week was plague by profit taking pressures as market participants were cautious ahead of announcement of Singapore’s GDP figures on Friday. Selling pressure was seen for the first 3 days of the week as the index was pushed to as low as 3272 level. Early economic data on Thursday had helped STI to regain its bullish traction; reversing early week losses to gains. Further gains were made on Friday...

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Straits Times Index broke key resistance level.

Straits Times Index broke key resistance level. Straits Times Index enjoyed a strong start for the month of October as buyer confidence started to build up strongly. Many have seen positive signs in Singapore economic situation, leading to gain in confidence in the market.  More confidence were driven by strong market numbers from US side as the US market hit new historical highs. Reports of un-sustainability of the US rally were shrugged off aside as fresh numbers were supporting the strength of US economy. Thus, these factors drive STI towards breaking its resistance level at 3270 level. Breaking the...

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