Author: Jay Chia - Your Financial Mentor

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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Daily Market Opinion for 25-Feb-2015

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 market’s strength and decided to enter the market. An intraday rebound was seen and this helped STI to rebound further during the afternoon session. Bullish strength continued to seep into the market which...

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Daily Market Opinion for 24-Feb-2015

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 the market and pushed STI lower. There were attempts to trade positively during the day but it failed to sustain. Hence, STI was being pushed to as low as 3421 level where it ended its day. STI...

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Straits Times Index ushering in the year of Goat.

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 Singapore budget announcement on Monday, many were speculating many pro business and individuals’ incentives this year. Hence, the week ended positively. Over the long holiday, many market...

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Daily Market Opinion for 18-Feb-2015

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 control of the rest of the day. A low of 3409 level was clocked but STI did not end up at that level. Instead, it managed to recover back to 3415 level and close at this level. 11.25pts was...

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Daily Market Opinion for 17-Feb-2015

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 session. However, after the news of the success of PM Lee’s surgery, market participants were being assured and started to enter back into the market. 3420 support level was...

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Retracement risk to usher in Chinese New Year

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. However, Greek concerns starts to plague the market again as profit takers exited the market quickly; causing STI to return back to 3420 support level again. This support level continues to...

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