1st Quarter earnings leads to cautiousness in Straits Times Index

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1st Quarter earnings leads to cautiousness in Straits Times Index 1st quarter earnings announcements have started rolling out last week as market participants were busy understanding the change in companies performances are the reporting. During this period, many decided to stay cautious and stayed out of the market. Hence, Straits Times Index was affected and started the week bearishly. … [Read more...]

Straits Times Index to hover around 3170 level

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Straits Times Index to hover around 3170 level It has been a quiet week for Straits Times Index as market participants remains cautious on the outcome of the visit of US president Trump to China. Talks between the 2 countries are ongoing currently but early reports are showing that they are building up with some trade ties; in oppose to what was widely speculated. The week started with positive … [Read more...]

Strait Times Index sitting on the fence

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Strait Times Index sitting on the fence Straits Times Index ended first quarter of the year with a bullish closing. Market participants decided to pick themselves up after the fall that was triggered by concerns of Trump’s lacking of power to implement the policies that he had promised. In the early week, STI managed to rebound from the low of 3112 level and head towards its resistance at … [Read more...]

Straits Times Index facing correction risk

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Straits Times Index facing correction risk Straits Times Index faced a week of profit taking as concerns on US president Trump’s policy implementation starts to face headwind last week. Market participants made use of such opportunities to exit the market despite a strong start in the week. 3160 resistance level held firmly despite being broken for a few days. The strong gap down action on … [Read more...]

Straits Times Index attempting a breakout

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  Straits Times Index attempting a breakout Straits Times Index continued to its bullish streak while US Federal Reserve announced its first interest rate hike for this year. The week was first greeted with cautiousness as many chose to stay sidelines ahead of the announcement of the interest rate hike last Wednesday. Some traders anticipate the possibility of bearishness ahead of the … [Read more...]

Straits Times Index boosted by property cooling measures

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  Straits Times Index boosted by property cooling measures Straits Times Index managed to end another week bullishly and continued to head towards its strong resistance at 3160 level. Volatility was seen during the week; moving like a headless creature. The highest that STI had attempted to reach is at 3150 level which was clocked on Wednesday. However, this gain was quickly given back on … [Read more...]

Straits Times Index hovering at 3100 level for now

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Straits Times Index hovering at 3100 level for now Straits Times Index attempted to reach for a higher level this week but it faced profit taking pressure during the week. The week started off weak with brought over selling pressure from the previous week. This allowed STI to test its support at 3100 level again. This support level broke briefly on Tuesday but support at 20ma weekly line was … [Read more...]

Bearish start after Chinese New Year Break

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Bearish start after Chinese New Year Break First week after Chinese New Year turned out to be a week of bearishness. Straits Times Index halted it’s ascend and decided to take the bearish que. Controversies of US President Trump’s policy on immigration rocked the market during the week which triggers fears of kick starting economic instability in US. During the week, there were attempts to … [Read more...]

Straits Times Index paving its way for the start of 2017

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Straits Times Index paving its way for the start of 2017 Year 2016 is starting to come to the end as the whole celebrated Christmas last week. The expected Santa Rally failed to materialise as the market chose to go south instead. Concerns were focused on the uncertainty of the upcoming newly elected US president Donald Trump’s administration. During the week, there were several rebound … [Read more...]

THE LEE KUAN YEW SPIRIT

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THE LEE KUAN YEW SPIRIT This is the spirit that I felt when joined in the queue and journeyed to pay my last respect for Mr Lee. I think that Lee Kuan Yew's Spirit consist of various forms of spirits that we can be proud of; being a Singaporean. One Nation Spirit- I have never felt such a massive community spirit in my life before. I never thought that this spirit actually exist in every … [Read more...]

UMS IN-DEPTH STUDY ON 27 FEB 2015

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UMS IN-DEPTH STUDY ON 27 FEB 2015 This in-depth study is done on request by one of Jay Chia’s client. If you are interested in getting such study done, be part of Jay Chia’s group by contacting him. UMS – Evaluated price $0.53 (27 Feb 2015) Company Background Incorporated in Singapore on January 17, 2001, UMS Holdings Limited is a one-stop strategic integration partner … [Read more...]

Daily Market Opinion for 27-Feb-2015

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Daily Market Opinion for 27-Feb-2015 STI failed to continue its bullish momentum yesterday as it started to retrace back to its support level again. STI started its day by opening slightly lower and it faced selling pressure right after its opening. The decline was firm as there was lack of rebound action during the early trading session. A low of 3417 level was reached as market … [Read more...]

Daily Market Opinion for 26-Feb-2015

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Daily Market Opinion for 26-Feb-2015 STI managed to stage a rebound yesterday but it seems to be struggling to trade higher. It first opened slightly higher and started to rebound during the early trading session. It reached 3455 level and failed to go beyond that. Selling pressure started to set in and pushed STI back to its opening level. After lunch hours, STI was seen … [Read more...]

Daily Market Opinion for 25-Feb-2015

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Daily Market Opinion for 25-Feb-2015 STI managed to maintain its support level yesterday as the market was positive of the impact of the Budget that was being announced. It first opened slightly higher but it soon faced selling pressure which pushed STI to as low as 3415 level. This was due to the weak opening of HK market. However, market participants were still positive of the … [Read more...]

Daily Market Opinion for 24-Feb-2015

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Daily Market Opinion for 24-Feb-2015 Singapore government had unveiled its budget for 2016 yesterday and it failed to bring cheer to the market yesterday. STI did opened higher yesterday in anticipation to the bumper budget but it failed to sustain after hitting a high of 3458 level. The selling pressure started when HK market opened and traded lower. This brought sellers into … [Read more...]

Straits Times Index ushering in the year of Goat.

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Straits Times Index ushering in the year of Goat. The market had ushered in the Year of Goat last week as it closes for the last 2 days of the week. The Straits Times Index still managed to make gains during the short 2 & half day trading day. It had a bearish start during the week but positive sentiment was seen on Wednesday despite half day worth of trading. With upcoming … [Read more...]

Daily Market Opinion for 18-Feb-2015

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Daily Market Opinion for 18-Feb-2015 STI experienced a bearish Tuesday yesterday as market participants feared the outcome of Greek issues. It first opened lower and broke 3420 support level. There were attempts to trade higher during the morning session as it hits a high of 3420 level. However, the bullish attempts failed to become fruitful and hence, selling pressure took … [Read more...]

Daily Market Opinion for 17-Feb-2015

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Daily Market Opinion for 17-Feb-2015 It was a shaky start for STI yesterday because of the concerns on PM Lee’s prostate cancer surgery. Apart from this concern, Noble also got a hit by the market as it was being alleged by Iceburg that its way of accounting is not right. Hence, STI had a bearish opening and was forced to hit a low of 3406 level during the morning trading … [Read more...]

Retracement risk to usher in Chinese New Year

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Retracement risk to usher in Chinese New Year The Straits Times Index had a flat week last week as its attempt to trade higher turns out to be unfruitful. The week started negatively as the market chose to confirm its resistance turn support level at 3420 level. Bullish strength was then gained on the next day which helped STI to reach its high of 3448 level on Wednesday. … [Read more...]

Daily Market Opinion for 13-Feb-2015

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Daily Market Opinion for 13-Feb-2015 Greek woes plagued the market yesterday causing market participants to be quick to take their profits off the market. STI opened slightly down yesterday but it failed to sustain its opening. Selling pressure plagued the whole morning session which brought STI back to 3420 level. The bearishness worsens after lunch hours which caused STI to hit … [Read more...]