1. The Straits Times Index had a bullish week last week but it failed to reach the recent high it had achieved last month. The start of the month was strong as STI managed to gapped up on Monday which brought strong bullish momentum to break its resistance at 3530 level. STI managed to sustain its resistance level till Wednesday. On Thursday, market participants were sceptical of the strength and started selling. This brought STI back below 3530 level. Further selling pressure pushed back to the gap level which it had created on Monday. Despite the bearish movements at the end of the week, STI

  2. The Straits Times Index faced a volatile week last week as market participants were fighting to decide a market direction. The week first started with strong selling pressure which broke the support at 3450 level slightly. Instead of sliding lower the next day, STI opened with a gap up on the next day. This brought STI back above 3450 level. Talks of US tariffs continue to affect the market and brought STI back to test 3450 level again. However, this support level held well as buyers rushed to support the level. This volatile movements in the market have helped STI to recover 6.37pts; endin

  3. Last week, the Straits Times Index faced a streak of bearish actions as market participants were reacting US interest rate hike concern during the early week. Bullishness kicked off the week but it was unsustainable. Sellers dominated the market on Tuesday which prevented STI from reaching out for this year’s high at 3611 level. Powell, US Fed chief, had indicated the possibilities of interest rate. This comment was not well received by the market. To make the matter worse, US announced that they will implement import tariffs in steel and aluminium. This shook the market further and caused

  4. The Straits Times Index managed to perform a rally last week as it confirmed its rebound from the support of 3350 level. This bullish action happened after breaking its resistance at 3450 level; which leads to confirmation of the bullish reversal pattern. Looking into the daily market action, it seems that there was strong tussle between the bullish and bear as 2 days of the week ended in red. Despite the tussle, the bullish buyers eventually managed to maintain the price and helped STI to end the week high. A total of 89.71pts was gained which lifted STI to close at 3533.22 level.

    W

  5. Happy Lunar New Year to everyone and I wish everyone will Huat Huat Huat this year!

    Last week, Straits Times Index did not show a sea of red as an auspicious symbol to start the Lunar New Year. Market participants are excited by the cheaper valuation in the market and decided to buy into the market. In the shot 4 days week, STI was able to start the week bullishly. However, the bullish start was not easy as it continues to face selling pressure which caps STI’s upside. It is clear to see the strength of the bears in the market on Wednesday as STI was unable to sustain its strong open

  6. Strong selling pressure seeped into the Straits Times Index as the stock markets of the whole world went into selling frenzy. The selling sentiment started in US market first which created a domino effect to other leading markets. Reports of corrections happening became real as profit takers scrambled to exit the market quickly after a long streak of bullish movements since last year. Rebound attempts that happened during the week became opportunities for sellers to exit the market. This bearish spiral caused STI to lose a total of 152.58pts for the week; ending at 3377.24 level.

    US

  7. The long awaited bearish sentiment started to appear in the Straits Times Index last week after 5 weeks of rally. STI attempted to trade higher during the early week but failed to sustain the bullishness. Selling pressure was triggered by the bearishness in the US market. There was no strong reason for the market to start buying and hence, sellers dominated the market last week. Due to this, the momentum to help STI to reach 3630 resistance level has stopped and reversed. A total of 37.32pts was lost during the week as STI close at 3539.82 level.

    Has the bullish momentum in STI truly

  8. The bullish sentiment remained firm last week. The bullish sentiment was mainly seen during the early week which pushed STI to as high as 3611 level. This bullish sentiment came to an end last Thursday as market participants preferred to stay out of the market. Strong profit taking pressure returned most of the gains of the week and this sentiment ended the week at 3567.14 level. This translates to a gain of only 16.78pts despite a strong start.

    Will the bullish movements for the past few weeks come to an end? How will the month of January conclude?

    Let’s review STI’s chart.

  9. Last week was a week of tussle between the bulls and the bears. The Straits Times Index managed to trade above 3530 level by going beyond this level at the start of the week. Bullish efforts were quickly being countered by the selling pressure during mid week as market participants were unable to find new reasons to support the market. 3530 level was compromised on Thursday but bullish buyers supported the market again on Friday. The fight between the bullish and bearish players had ended at 3550.36 level. A total of 29.8pts were gain during the week.

    With uncertainty sipping into th

  10. The Straits Times Index continued its bullish streak last week. Buyers were positive of the upside and were seen buying during the early week. This leads STI to reach its resistance level at 3530 level. However, the resistance level at 3530 level seems to be firm. This prevented STI from going higher as profit takers were seen dominating the market. The profit taking actions were not strong enough to push STI lower. The market continued to stay close to its resistance level which helped to maintain the early gains during the week. Hence, STI was able to close at 3520.56 level with 31.11pts