Author: Jay Chia - Your Financial Mentor

Daily Market Opinion for 13-Feb-2015

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 a low of 3409 level. But some short covering helped STI to rebound before market closes. Hence, STI was able to close at 3419.17 level with 25.4pts down. Last night, DJI was seen rebounding with 110.24pts up. Will...

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Daily Market Opinion for 12-Feb-2015

Daily Market Opinion for 12-Feb-2015 STI managed to continue its bullish streak yesterday as it manages to hold above 3420 level yesterday. It first opened with a gap up action but it was quick to face bearish pressure. In the first hour, STI faced volatility. It hit a low of 3431 level but managed to recover back above its opening level. It managed to retain the bullish momentum and hit a high of 3448 level during the early trading hours. However, the trading momentum weakens during the afternoon session due to lack of trading activities. At the closing hour,...

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Daily Market Opinion for 10-Feb-2015

Daily Market Opinion for 10-Feb-2015 STI had a bearish start for the week as participants were wary of the ongoing bearish events around the world. Hence, it failed to continue its bullish movements yesterday. It opened above 3420 level yesterday and attempted to trade bullishly during the early session. However, as it hits the high of 3434 level, sellers started to enter the market; pushing down STI towards its support at 3420 level. This support level was tested repeatedly and a low of 3416 level was achieved. During closing hour, 3420 support continued its attempt to hold but broke...

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Straits Times Index managed to rise within the bearish storm.

Straits Times Index managed to rise within the bearish storm. The Straits Times Index managed to experience a bullish week despite facing negative concerns from various countries last week. The movements clearly show that market participants are still positive on STI’s bullish strength. The week started with a positive note with STI fighting to head towards 3420 resistance level again. But the resistance was felt the next few days as market participants were unable to break this resistance level. There was strong selling pressure last Thursday which many thought that STI will retrace further. However, a positive boost was...

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TRANSIT CONCRETE IN-DEPTH STUDY ON 06 FEB 2015

TRANSIT CONCRETE IN-DEPTH STUDY ON 06 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. Transit Concrete – Evaluated price $0.525 (23 Jan 2015) Company Background The Company was incorporated in Singapore on 31 August 1979 under the name of Transit-Mixed Concrete Pte Ltd. In 1997, the Company achieved a breakthrough when it was among the few companies to be pre-qualified to supply ready mixed concrete to main contractors for the HDB. In 1990, the Group...

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Daily Market Opinion for 04-Feb-2015

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 STI to drop much lower during the day. A low of 3401 level was hit before it starts to settles for it closing. STI closed at 3408.02 level with 15.33pts down. Will STI be able to...

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Daily Market Opinion for 03-Feb-2015

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. There was some selling pressure initially but it only managed to hit a low of 3394 level. Buyers entered the market gradually during the day despite bearishness seen in the regional market. The bullish strength lasted till closing time where...

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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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