Jay’s Mentoring Group!

Latest Posting

Daily Market Opinion for 24-Aug-2012

STI attempted to rebound yesterday after a strong bearish movement on the previous day. The rebound was sparked by speculations that US and China government will be planning to release QE3 to help their slowing economy. Hence, STI started the day with a slight gap up opening.

Daily Market Opinion for 23-Aug-2012

Yesterday, STI opens with a strong gap down after weak closing by DJI on the previous night. The gap down opening caused numerous traders to sell their positions as many feared further selling actions are yet to be seen. 3040 recent low level was tested and even broken during the first half of the day; reaching as low as 3032 level before bargain hunters set in again.

Daily Market Opinion for 22-Aug-2012

STI started the week flat as the market continues to remain cautious after the long weekend. The day was started with slight gap down with multiple attempts to trade higher. However, whenever it trades higher, it faces profit-takers to prevent the price from going higher. Trading activity was weak during the day as many traders were not willing to commit new positions.

STI to be trading in a tight range.

STI closed flat last week as conflicting news were being announced which created indecisiveness in the market while preparing for a long weekend. STI started the week with a bullish start as STI refused to retrace towards 3030 level. This bullishness brought STI to test 3080 level on Tuesday and closed with extremely high volume.