Author: Jay Chia - Your Financial Mentor

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...

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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...

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1st Quarter earnings leads to cautiousness in Straits Times Index

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. Geopolitical tensions were also cited as another contributor to the bearish start. North Korean and French election dominated the headlines last weeks. No doubt, these fears have pushed STI to as low as 3113.9 level during the week. However, presences...

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Straits Times Index to hover around 3170 level

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 sentiment that was quick to lose its steam. Bearish pressure was seen on Wednesday but there are bargain hunters supporting STI at 3170 level. This action repeated for the rest...

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Strait Times Index sitting on the fence

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 around 3170 level. By the mid of the week, it managed to breach the level and sustain above this resistance level. Closing at 3175.11 level, STI gained a total of 32.21...

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Straits Times Index facing correction risk

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 Wednesday had confirmed the bearishness and this lead to confirmation of higher high formation. The market could have closed much lower during the week but bargain hunters or possibly short sellers were buying into...

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Straits Times Index attempting a breakout

  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 announcement and hence, exited the market. This caused STI to trade lower on Wednesday before heading higher after the announcement of the interest rate hike. Falling oil prices have also put pressure on the offshore marine counters...

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Straits Times Index boosted by property cooling measures

  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 Thursday where strong selling pressure happened due to falling oil price. On the last day of the week, the day started weakly until Singapore Government announced the easing of property measure. The market reacted...

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Straits Times Index hovering at 3100 level for now

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 firm. Hence, a rebound was formed and this helped STI to reach its resistance at 3160 level. Testing 3160 resistance level turns out to be a brief moment also as...

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Bearish start after Chinese New Year Break

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 rebound were seen. However, sellers dominated the market to push the price lower, preventing the rebound attempts to turn out unfruitful. Therefore, STI closed the week with a high of 3073 level but ended...

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Straits Times Index paving its way for the start of 2017

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 attempts but they were quickly greeted with selling pressure, causing STI to close lower for 5 consecutive days. The banks and offshore marines were hit during the week as profit takers preferred to be...

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THE LEE KUAN YEW SPIRIT

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 Singaporean. Until today. I always thought that this can only happen in other countries like Japan. Remember how the Japanese stand united after a...

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UMS IN-DEPTH STUDY ON 27 FEB 2015

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 providing equipment manufacturing and engineering services to Original Equipment Manufacturers of semiconductors and related products. The products we offer include modular and integration system for original semiconductor equipment manufacturing. Headquartered in Singapore, the Group has production facilities...

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Daily Market Opinion for 27-Feb-2015

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 participants continue to exit the market. However, bargain hunters was seen before closing hours where it helped STI to stay above its support at 3420 level. Hence, STI was then able to close...

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Daily Market Opinion for 26-Feb-2015

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 struggling to maintain its opening level and started to trade back to its previous day’s closing. A low of 3437 level was clocked during its attempt. There was no rebound before the closing hour...

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