Jay’s Mentoring Group!

Latest Posting

Daily Market Opinion for 28-Aug-2012

Yet again, STI ended with another flat day without clear direction. STI opened with a slight gap up yesterday but it failed to sustain its bullishness after HSI opened with a bearish note. The gains from the opening were returned and entered into the negative territory. The selling pressure was gradual as the trading activity was light throughout the day.

Sideways movement confirmed for STI

Last week, STI experience a week of wild swings but it resulted in closing 11.62pts lower for the week. A mixture of positive and negative set of news was being reported over the week. Reports of introduction of QE3 funds are still being speculated during the week but the market did not react positively this time round.

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.