Daily Market Opinion for 04-Feb-2015

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Daily Market Opinion for 04-Feb-2015 STI failed to continue its breakout movement yesterday as it faced profit taking pressure. It is now trading below 3420 resistance level again and hence, the breakout is just a whipsaw action. It opened slightly higher than 3420 level but it failed to sustain at that level. Selling pressure started to enter the market after opening and caused … [Read more...]

Daily Market Opinion for 03-Feb-2015

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Daily Market Opinion for 03-Feb-2015 STI buck regional trend yesterday as STI managed to close slightly higher than 3420 resistance level. Sentiment was positive yesterday as market participants were positive about Singapore’s economic situation as the government made various decisions last week. The day started with a slight gap up action which helped STI to open at 3398 level. … [Read more...]

Straits Times Index to undergo healthy retracement before heading higher

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Straits Times Index to undergo healthy retracement before heading higher The month of January had ended bullishly. The anticipated Capricorn effect only managed to take into effect during the 3rd week of the month. It could have made more gains but Straits Time Index failed to continue its bullish streak last week. It attempted to trade higher during the week but it faces a … [Read more...]

Daily Market Opinion for 30-Jan-2015

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Daily Market Opinion for 30-Jan-2015 Bullish buyers were stubborn enough to hold STI from retracing yesterday despite stream of negative news from the US side. STI did faced bearish pressure in the morning as it opened with a gap down action. However, market participants were still bullish of the Singapore government’s decision to on Singdollar. Many determined that it will … [Read more...]

Daily Market Opinion for 29-Jan-2015

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Daily Market Opinion for 29-Jan-2015 STI continued its attempt to trade higher yesterday despite a string of new happening yesterday. The opening was greeted with an announcement by Singapore government of it’s intend to strength Singapore dollar and a possible increase of interest rate. This created a bearish opening but market participants were not frayed by this news. Instead, buyers entered … [Read more...]

Daily Market Opinion for 27-Jan-2015

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Daily Market Opinion for 27-Jan-2015 STI started the week bearishly as many market participants took the heighten opportunity to take profit out of the market. Furthermore, Greece came into the limelight again this time round as their polls seems to be skewing to the uncertain region. Cautiousness was adopted and hence, STI opened slightly lower. Buying momentum was not strong throughout the day … [Read more...]

Europe’s ECB bond buyingbrought confidence back to the market.

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Europe's ECB bond buyingbrought confidence back to the market. Straits Times Index had a bullish week last week as it manages to kick off its bullish momentum and continue its uptrend movement. The week kicks off by testing its support at 3300 level which it proves to hold very well. This support level is a strong support level where STI managed to form its higher low formation. Market … [Read more...]

TELECHOICE IN-DEPTH STUDY ON 23 JAN 2015

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TELECHOICE IN-DEPTH STUDY ON 23 JAN 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. Telechoice – Evaluated price $0.25 (23 Jan 2015) Company Background Incorporated in Singapore on 28 April 1998 and listed on the Main-Board of the Singapore Exchange Securities Trading Limited … [Read more...]

Daily Market Opinion for 23-Jan-2015

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Daily Market Opinion for 23-Jan-2015 A surprising announcement by ECB had lifted up the confidence of the world market yesterday. ECB announced that they will be implementing bond buy program to help to lift up the European economy yesterday. This announcement had brought joy to the market and attracts buyers into the market. STI also managed to catch on to the bullish sentiment and made more … [Read more...]

Daily Market Opinion for 22-Jan-2015

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Daily Market Opinion for 22-Jan-2015 It was another bullish day for STI yesterday as the market starts to digest all the negativity in surrounding the market. STI managed to open with a slight gap up action yesterday. The opening was accompanied by some selling action which did not manage to pull STI to a much lower level. A low of 3331 level was formed. After this low was formed, STI managed to … [Read more...]

Daily Market Opinion for 21-Jan-2015

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Daily Market Opinion for 21-Jan-2015 A clear rebound had happened yesterday after facing a bag of bearishness news in the market. STI was saved by the news of China’s economic growth which brought cheers back into China’s market. The day first opened with a gap up that was led by DJI’s positive closing. Further bullish strength was seen after making a low of 3311 level. The buying momentum seems … [Read more...]

Daily Market Opinion for 20-Jan-2015

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Daily Market Opinion for 20-Jan-2015 It is the start of the 3rd week of January and there is still no sign of the well known Capricorn effect. This week indecisively as the market was plagued with another bearish news. China Government clamped down on margin trading had caused a sharp drop in China market. China related shares were being affected due to this. Hence, STI was not spared. STI had a … [Read more...]

Straits Times Index facing selling pressure

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Straits Times Index facing selling pressure Straits Times Index faced another week of negativity as the market struggled with falling oil prices concerns. Another fresh concern was also brought up last Thursday. Swiss government decided to relieve their currency cap; this sparked a sharp rise in Swiss Franc which sparks many fears that it will shake the already shaken European economy. Therefore, … [Read more...]

Daily Market Opinion for 16-Jan-2015

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Daily Market Opinion for 16-Jan-2015 STI started to rebound yesterday as oil price decided to stage a rebound. The day opened slightly higher and it managed to continue to stay above 3250 level. There was some selling pressure but it only managed to clock a low of 3327 level before it recovered to its opening level. Buying strength was firm and it helped STI to maintain its bullishness throughout … [Read more...]

Daily Market Opinion for 15-Jan-2015

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Daily Market Opinion for 15-Jan-2015 STI continued to slide lower yesterday despite its attempt to trade higher during the day. It was trading in line with the regional markets as they were also facing the red. The day started bullishly with attempts to trade higher. It hit a high of 3349 level before it started to retrace. It was after noon time where it started to retrace further. Failing to … [Read more...]

Daily Market Opinion for 14-Jan-2015

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Daily Market Opinion for 14-Jan-2015 STI continued to consolidate yesterday as falling oil prices continued to impact the market sentiment. Offshore counters continued to be affected by this sentiment and continued to drag STI down. The opening of STI was weak as it gapped down. Selling pressure was seen after opening which hit a low of 3325 level before bargain hunters started to enter the market … [Read more...]

Daily Market Opinion for 13-Jan-2015

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Daily Market Opinion for 13-Jan-2015 STI started the week with slightly higher as it lack of further catalyst to surge. It started the day with a bearish opening which only went as low as 3331 level. This is where buyers started to enter the market seeking for bargains. The increment was gradual during the day as there was a balance of buyers and sellers. Regional markets were mostly taking the … [Read more...]

Straits Times Index bullish momentum is still intact.

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Straits Times Index bullish momentum is still intact. Straits Times Index experienced one of the most volatile week last week as it failed to stay above its breakout level of 3350 last week. Oil prices concerns continued to loom the market last week as it affected the offshore sector’s price and future outlook. Financial shares also faced strong concerns last week as Europe’s economic situation … [Read more...]

Daily Market Opinion for 09-Jan-2015

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Daily Market Opinion for 09-Jan-2015 Yet again, STI performed another strong single day surge after a deep plunge due to falling oil prices. Traders ignored the existing issues and decided to push the market up yesterday. The opening of the day was seen above 3300 level and it managed to maintain above this level with its low at 3299 level. Bullish strength starts to enter the market after hitting … [Read more...]

Daily Market Opinion for 08-Jan-2015

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Daily Market Opinion for 08-Jan-2015 STI have finally halted it’s descend and it even managed to clock a rebound yesterday despite the falling oils prices and Euro concerns. The day opened flat but it soon to face some selling pressure in reaction to US market’s bearish closing. This made STI hit a low of 3267 level before it starts to rebound. Bargain hunters were seen entering the market which … [Read more...]