Author: Jay Chia - Your Financial Mentor

Straits Times Index to undergo healthy retracement before heading higher

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 resistance of 3420 level. This resistance level was being tested for 4 times during the week but it held strongly. Strong retracement then happened last Friday as STI closed 27.85pts down during that day. Gains...

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Daily Market Opinion for 30-Jan-2015

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 eventually benefit the economy. Hence, buyers came in the afternoon to push STI back to previous day’s level. A high of 3428 level was reach before it settles lower for its closing. STI closed at 3419.05 level with only...

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Daily Market Opinion for 29-Jan-2015

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 the market with bullish intend. This helped STI to return backed to its previous day’s level and it even attempted to trade higher. A high of 3427 level was formed before some profit taking happens. STI ended at...

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Daily Market Opinion for 27-Jan-2015

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 and hence, with the selling pressure, STI was being driven downwards. Low of the day was seen at 3393 level before it closes at 3398.52 level. 12.98pts was lost yesterday. Last night, DJI ended flat with...

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

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 participants started to rush into the market as falling oil prices deemed to be a positive factor economic growth. Although the offshores and the commodities do not stand to benefit from...

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TELECHOICE IN-DEPTH STUDY ON 23 JAN 2015

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 on 25 June 2004, TeleChoice International Limited is a regional diversified provider and enabler of innovative communications. TeleChoice is a subsidiary of Singapore Technologies Telemedia Pte Ltd, a leading info-communications company with operations in...

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Daily Market Opinion for 23-Jan-2015

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 gains yesterday. It first opened with slight bearishness but buyers were still in the market to push it up after opening. Buying strength was gradual in the morning session as market participants were...

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Daily Market Opinion for 22-Jan-2015

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 gain bullish strength again to head towards its resistance at 3350 level. This resistance level seems to be weak as STI is able to break it without...

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Daily Market Opinion for 21-Jan-2015

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 sustainable during the day as it managed to break its resistance at 3325 level. After breaking the resistance level, STI attempted to trade higher and closed at 3334.02 level. A...

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Daily Market Opinion for 20-Jan-2015

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 strong positive opening yesterday due to the positive closing by DJI last week. As it attempted to trade higher and tested a high of 3324 level, China’s new...

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Straits Times Index facing selling pressure

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, STI faced a dread week last week. The week started off bearishly but it attempted to trade higher. It was capped at a high of 3349 level before selling pressure sets in. For the first 4 days...

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Daily Market Opinion for 16-Jan-2015

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 the day. A high of 3342 level was made but it was unable to sustain. Hence, STI closed at 3338.84 level with 12.68pts up. Last night, DJI failed to rebound...

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Daily Market Opinion for 15-Jan-2015

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 maintain its previous day’s closing level, sellers were attracted into the market to push it lower. At closing time, STI closed at its lowest of the day at 3326.16...

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Daily Market Opinion for 14-Jan-2015

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 based on positive news from China economy. This helped STI to test a high of 3346 level before it started to lose its momentum to go higher. The rest of the day turned...

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Daily Market Opinion for 13-Jan-2015

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 bearish side but STI was able to recover before market closing. A high of 3347 level was reached. At closing hours, little profit taking action was seen and hence,...

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