Daily Market Opinion for 07-Jan-2015

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Daily Market Opinion for 07-Jan-2015 Yet again, STI was seen dropping strongly yesterday. Impacted by the drop of oil prices and concerns of Euro situation, it seems that the market have a lot of reasons for the drop in prices yesterday. The day started with a strong gap down action which broke the strong support at 3300 easily. The gap down opening was lead by the offshore sector as oil price … [Read more...]

Daily Market Opinion for 06-Jan-2015

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Daily Market Opinion for 06-Jan-2015 The first full week of the year started with a strong bearish note. Straits Times Index fell strongly with 42.31pts down. The downward pressure was first lead by the banks and followed by the offshore sector. The market participants made used of the bullish opportunity to get rid of the already high banking sector which caused a sharp fall in the price during … [Read more...]

Bullish momentum to sustain Straits Times Index for the 1st week of 2015

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Bullish momentum to sustain Straits Times Index for the 1st week of 2015 It is great to really start the New Year with a new perspective in looking at the market. As stated in the last Friday’s post, I will be starting the week off with Weekly chart reading so as to be able to clearly identify the underlying trend rather than just reading off the immediate trend. So here we go! Straits Times … [Read more...]

New Style New Outlook!

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New Style New Outlook! It is a brand new year and it is a year of Jubilee for Singapore. To commemorate the New Year, I will be looking into changing the style of commenting on the Straits Times Index’s performance. My style of commenting the index has been pretty fixed since the start of this website. After careful thoughts and planning, I have decided to make further improvements. My weekly … [Read more...]

End of 2014 Evaluation

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End of 2014 Evaluation Trading year of 2014 had just officially ended and I decided to pen down my reviews and thoughts for this year. New Year resolutions shall be made to frame my work objectives for next year. First of all, I would really like to thank all my loyal readers for being with me throughout the whole year. You are my motivator to write my market opinions daily. It is a real brute … [Read more...]

Daily Market Opinion for 30-Dec-2014

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Daily Market Opinion for 30-Dec-2014 It was a bullish start for the last week of year for STI yesterday. The day opened with a gap up opening which some profit taking in the early session. A low of 3356 level was clocked before buying strength enters the market. The gains were gradual during the early trading session as trading volume continues to be on the low side. More bullish actions were … [Read more...]

Christmas Rally to usher the New Year in with new highs

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Christmas Rally to usher the New Year in with new highs The short Christmas week turned out to be another cheerful week as the Christmas rally continues. Strong gains was seen on Monday to bring Straits Times Index back above its resistance at 3305 level; ignoring the possibilities of continuing its downtrend movement. This had lifted confidence back to the market and hence, it continued to trade … [Read more...]

Daily Market Opinion for 23-Dec-2014

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Daily Market Opinion for 23-Dec-2014 The week started with one of the sharpest rise that STI had experienced this year. It first opened with a gap up which broke 3280 resistance level easily. More bullish buying continued to push STI towards 3305 resistance level. Some resistance was felt initially but it was broken as the bullish mood continued to strengthen. This brought STI to the next … [Read more...]

Christmas Rally happening in Straits Times Index

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Christmas Rally happening in Straits Times Index Last week was a volatile week for Straits Times Index as big swing occurred last week. The week started off with a bearish breakdown as oil price slipped to new lows. Falling oil prices concerns weighted on the offshore sectors that day. However, the biggest concerns of that day are the upcoming FOMC meeting which is being speculated that … [Read more...]

Daily Market Opinion for 19-Dec-2014

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Daily Market Opinion for 19-Dec-2014 STI continued its rebound yesterday as the market cheer on FOMC decision to delay their interest rate hike. This cheerful mood opened the market with a gap up action which helped STI to break its resistance at 3230 level. This strong opening sustained for a while before profit takers or shortists starts to enter the market. This selling pressure during the day … [Read more...]

Daily Market Opinion for 18-Dec-2014

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Daily Market Opinion for 18-Dec-2014 STI managed to end its losing streak yesterday. The opening was a positive one as bargain hunters were seen entering the market early. However sellers were still in the market, resulting in STI breaking its support at 3210 level slightly. But the bargain hunters supported the support level after hitting a low of 3200 level. The rebound came quick and strong … [Read more...]

Daily Market Opinion for 17-Dec-2014

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Daily Market Opinion for 17-Dec-2014 STI performed a sharpest drop in the year yesterday. This is in reaction to the recent falling oil prices but speculations are also turning towards the possibilities of US government to withdraw their stimulus program. This uncertainty and fears had created panic selling pressure yesterday with a gap down opening; breaking 3280 support level easily. There were … [Read more...]

Daily Market Opinion for 16-Dec-2014

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Daily Market Opinion for 16-Dec-2014 Sliding oil price impacted on STI strongly yesterday as offshores counters were seen tumbling deep into red. Regional markets were also strongly affected by this sentiment and were seen trading deep red. The opening of STI seems fine as it opened with a slide gap down. It managed to maintain above 3305 support level for a while before it start to break it. … [Read more...]

Falling Oil Price continue to plague the market.

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Falling Oil Price continue to plague the market. It had been an indecisive week for Straits Times Index last week as the world economy continues to be concerned of the falling oil prices. It started the week by falling strong to test its MA support at around 3300 level. This support level managed to hold the market well and created a rebound 3330 resistance level. This resistance level had been … [Read more...]

Daily Market Opinion for 12-Dec-2014

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Daily Market Opinion for 12-Dec-2014 STI tried to hang on to its current level as it closed slightly lower. It opened slightly lower yesterday as concerns on the falling oil prices are still lingering in the market. But buyers started to enter the market in anticipation of buying into bargain. Hence, STI was able to reach a high of 3326 level before selling sets in. With regional market trading … [Read more...]

Daily Market Opinion for 11-Dec-2014

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Daily Market Opinion for 11-Dec-2014 STI managed to clock a 2nd straight day of bullish closing yesterday. It had a flat opening in the morning which it soon faces some selling pressure. A lot of 3315 level was tested before it was able to gain bullish traction. The offshore sector started to rebound yesterday as oil prices was seen rebounding a little. Buyers returned into this sector in hope … [Read more...]

Daily Market Opinion for 10-Dec-2014

Daily Market Opinion for 10-Dec-2014 STI attempted a rebound yesterday and was able to retain its gains yesterday despite weakness in regional market. During its opening, STI managed to open above 3305 level with a gap up. However, it faced some selling pressure which pushed it to as low as 3306 level. At the low, STI managed to rebound strongly and reversed the previous day losses to hit a high … [Read more...]

Daily Market Opinion for 09-Dec-2014

Daily Market Opinion for 09-Dec-2014 STI started the week weakly despite the anticipation of it to trade bullishly yesterday. The opening did start bullishly. But it lacked of buying support and hence, sellers overwhelmed the market. Fears on the impact of falling oil prices continued to dwell in the market which caused the offshore sector to continue to slide lower. Positive sentiment from the … [Read more...]

Declining Oil Prices affecting Straits Times Index

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Declining Oil Prices affecting Straits Times Index Straits Times Index faced one of the strongest drops last week as global market reacted strongly to the falling oil prices. Monday is the day where STI crashed from 3350 level to 3305 level within a day. Offshores and commodities counters got a hit on that day while banks were also being dragged along. Luckily, the bearish action did not continue … [Read more...]

Daily Market Opinion for 03-Dec-2014

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Daily Market Opinion for 03-Dec-2014 STI managed to rebound yesterday and avoided further fall yesterday. This was achieved buy a gap up opening as actualization starts to happen after a day of panic selling. The bullish start continued for the first few hours of the day as bargain hunters entered the market. But it only managed to hit a high of 3337 level before it started to drop. Suspected … [Read more...]