Author: Jay Chia - Your Financial Mentor

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...

Read More

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...

Read More

Straits Times Index continues to consolidate.

Straits Times Index continues to consolidate. Straits Times Index ended the month of September without much trading actions are many traders and investors seems to be staying sidelines. US interest rate and tax reforms news seems to be affecting the market. This news triggered tightly ranged swing movements in the market last week. The start of the week shows bullish attempts but it was quick to be beaten down by the bears on Tuesday. However, with confidence that US interest rate hike will more likely to occur during the end of the year, financial gains strength which pushed STI...

Read More

Concerns pile up in Straits Times Index

Concerns pile up in Straits Times Index Straits Times Index continued another week above its support at 3190 level. The market started the week by rebounding strongly on Monday. But it faced a minor resistance at 3245 level which prevented STI from going higher. Strong selling pressure sipped in on Tuesday which stopped STI from going further. The focus of the market started to shift towards the interest rate hike of US. STI adjusted downwards further as it prepared itself for any adverse announcement. After the announcement on Wednesday night, STI reacted bearishly towards the news on Thursday. However,...

Read More

North Korea’s 2nd missile affected Straits Times Index

  North Korea’s 2nd missile affected Straits Times Index Straits Times Index had another bearish week last week as multiple concerns were felt last week. Rebound attempts were seen early last week as US market managed to hit historical highs. Despite bullish sentiment around the markets, STI was seen struggling to maintain its gains during the day and ended up closing flat on the early week. Selling pressure was felt throughout the week but STI stubbornly hold above 3220 level. However, on Friday morning, North Korean fired another test missile over Japan which triggered fear over the Asian market....

Read More

North Korea’s Nuclear testing shakes the market.

  North Korea’s Nuclear testing shakes the market. Straits Times Index started the month of September bearishly. This bearish action was triggered by North Korea’s nuclear testing. Fear of war heighten as the tension rises; creating a wave of market participants exiting the market. On Monday, the market reacted immediately on the bearish side. STI was brought to as low as 3227 level before it attempted to rebound the next day. Rebound attempts during the week were unfruitful as it failed to sustain beyond 3245 level. Bearish pressure was undeniable firm but strong selling pressure was not present. Eventually,...

Read More

North Korea Tension to impact Straits Times Index’s performance.

North Korea Tension to impact Straits Times Index’s performance. The month of August ended with a bullish week, with Straits Times Index gaining 17.69pts for the week despite concerns over North Korea firing a missile over Japan. For the start of the week, STI faces resistance from 3270 level which stops the market from going higher. Knee jerk reaction was felt Tuesday when reports of North Korea’s missile flew of Japan was announced. However, this did not push the market lower the next day after the report. Instead, STI rebounded firmly towards 3270 level. With figures from US economic...

Read More

Straits Times Index trading at critical point.

Straits Times Index trading at critical point. The Straits Times Index managed to halt its bearish movement as it managed to find its support after breaking its important support of 3270 level. The bearish sentiment only managed to push STI to as low as 3244 level before bargain hunters entered the market to scoop up bargains. However, the buyers were unable to push STI beyond 3270 level as this level seems to turn into a resistance level. Because of this, STI only managed to gain 7.58pts for the week and close at 3259.57 level. The question now in traders...

Read More

Straits Times Index faced 3355 resistance level.

Straits Times Index faced 3355 resistance level. The Straits Times Index faced a week of selling pressure as tension arises between North Korea and US on Friday. The week started with lack of catalyst to push the market higher. Market participants were more eager to take profit off the market after numerous index components went ex-dividend. With some buyers support, STI was seen holding firmly above 3300 level till Thursday. When reports of North Korea’s threats to fire missile to Guam Island, the market reacted in fear. On Friday, STI opened with a gap down action which caused STI...

Read More

Straits Times Index starting to show signs of weakness.

  Straits Times Index starting to show signs of weakness. The Straits Times Index attempted to trade higher last week as the market entered deeper into the earnings reporting season. The week started with profit taking action but buyers were quick to snap up the sellers the next day. Further buying continued but it failed to reach the resistance at 3255 level; reaching a high of only 3249 level. With lacking of fresh catalyst to push the market higher, sellers dominated the market at the end of the week. This pushes STI lower, ending at 3326.52 level with 4.23pts...

Read More

Target resistance level of 3355 is being tested.

Target resistance level of 3355 is being tested. The Straits Times Index continued their bullish movement last week as market participants are positive on the improving economic environment. Banks results were being reported last week and this lead to bullish strength in the banking sector. With the banks trading higher, the index managed to get a boost from them. Gains were seen during the first 4 days of the week which lead STI to test its resistance at 3355 level. This resistance level held well and caused STI to enter profit taking actions on Friday. Therefore, STI did not...

Read More

Straits Times Index sustains its uptrend movement

  Straits Times Index sustains its uptrend movement Bullish sentiment continued for Straits Times Index last week. Market participants continued to be positive on the direction of the market, pushing STI to as high as 3331.13. High offer price for Global logistic trust has brought confidence in the market that there is more value in the market to be unlocked. Rowsley got it price nearly doubled as its major shareholder, Peter Lim, decided to inject his medical assets into the company. This streak of news had lifted the sentiment of the market. Profit taking was seen on Thursday but...

Read More

Straits Times Index broke out of key resistance of 3270

Straits Times Index broke out of key resistance of 3270 At last, the Straits Time Index managed to secure a more sustainable bullish movement after months of sideways movement. The key catalyst for the bullish movements was triggered by Yellen’s comment on US economy and the potential of future interest rate hikes. This drew positive sentiments in the market. This strong bullish movement only came about on Thursday, right after the speech by Yellen on Wednesday night. In the early week, market participants were cautious and were seen exiting the market; reaching a low of 3196 level. This selling...

Read More

Straits Times Index reacted bearishly

Straits Times Index reacted bearishly It had been a pretty exciting week for Straits Times Index as market watchers are waiting for the expected interest rate hike in US. The expectations were fulfilled and new expectations were established. Many are looking forward towards further hike to happen in coming quarter. Usually, when expectations are met, the market will adopt the “sell on news” effect. This time round, our market reacted according to this effect. There were bullish anticipation during the early week but it was quick to be brought down by sellers whom think that the interest rate hike...

Read More

Straits Times Index at crucial resistance level

Straits Times Index at crucial resistance level Straits Times Index went against the possibility of heading lower last week as economic uncertainty starts to ease. French election had started last week. Worries of France leaving Euro zone eased as early polls were towards Emmanuel Macron who is pro-EU. The initial state of the week was seen shaky but bargain hunters were seen to be holding the market well at around 3140 level before it started to rise higher. Economic estimates turn out to be favour despite many expectations of bad figures. This caused the market to react positively and...

Read More

Like us on Facebook

Follow us on Twitter