1. Merry Christmas and Happy New Year to everyone! Today’s weekly analysis will be the last of the year before we embark to tackle 2018’s market.

    Straits Times Index faced another bearish week as the market comes to an end to celebrate Christmas day. Selling pressure was seen happening throughout the week as short-term bearish pressure continues. Trading volume was on the low side as it always happens during the Christmas period. Hence, there is no room for panic as the selling pressure is not strong. On Thursday, STI failed to hold above the 50 day MA line at 3390 level. This indicates

  2. Merry Christmas and Happy New Year to everyone! Today’s weekly analysis will be the last of the year before we embark to tackle 2018’s market.

    Straits Times Index faced another bearish week as the market comes to an end to celebrate Christmas day. Selling pressure was seen happening throughout the week as short-term bearish pressure continues. Trading volume was on the low side as it always happens during the Christmas period. Hence, there is no room for panic as the selling pressure is not strong. On Thursday, STI failed to hold above the 50 day MA line at 3390 level. This indicates

  3. Straits Times Index had a volatile week last week as it attempted to break its resistance at 3450 level. In the early week, STI managed to maintain break this resistance level and maintained above 3450 level. This breakout proved to be unsustainable as sellers were seen repeatedly trying to push STI back below 3450 level after the breakout happened on Monday. Eventually, announcement of interest rate hike in China and reports of future interest rate hikes by Fed US spooked the market. Confidence crumbled on Thursday caused sharp selling pressure to happen. On Friday, market participants wer

  4. Bearish sentiment had broken the bullish streak of Straits Times Index last week. Lacking of fresh bullish catalyst caused buyers to stay out of the market for the week. Overwhelmed by concerns of possible weak economic data, many market participants preferred to take profit off the market to avoid any risk of uncertainty. Hence, selling pressure was seen during the week with particularly strong pressure happening on Wednesday. STI hit the lowest of 3377 level on Thursday as the market prepared itself for economic data announcement in US. The announcement turns out to be positive, which hel

  5. It had been a rather flat week for Straits Times Index as the market attempts to find reason to trade higher in fear of higher tax reforms in US. Many market participants were staying sidelines at the moment as they wait for more clarity in the market. Despite the cautious mood, STI is still able to test its resistance level at 3450 last Friday. STI managed to break 3450 resistance level momentarily during the day as profit takers entered the market, avoiding positions over the weekend. With this cautiousness, STI closed the week with 7.39pts up at 3449.54 level.

    As the Straits Times

  6. Bullish streak for Strait Times Index had ended last week as the market rushed to exit the market. The week started flat as many are still finding clues to spur the market towards upside. However, bearish movements in US market had caused jitters to the Singapore market on Tuesday. Many rushed to exit the market as buyers were also fearful in entering the market. Talks of deeper correction were hyped up during the mid week which created further fear. Key support level at 3355 was broken on Thursday which sparked more bearish talks in the market. However, US rebounded strongly on Thursday ni

  7. New high was form for the year as Straits Times Index continues its bullish run last week. The week started flat on Monday as market participants were consolidating for more reasons to buy in the market. On Tuesday, the market rushed higher as earnings reports from various companies brought confidence back into the market. This helped STI to reach as high as 3429.11pts during the week. These positive actions are clear indication that the market is still in a strong bullish trend. However, resistance level at 3450 level is yet to be tested as slightly profit taking action as seen on Friday.

  8. Straits Times Index continued its bullish streak for the 3rd consecutive weeks as market confidence starts to build up. Buoyant by improving economic situation around the world, STI was able to trade closely to this year’s high of 3354 level. This level has yet to be tested but it is likely to be tested soon. During the week, volatility was seen daily as buyers were seen hassling with the profit taking sellers. Buyers were seen winning daily as the market closed higher every day. However, such market actions made some market participants worried. Hence, there was lacking of stron

  9. It is another bullish week for Straits Times Index as the market is buoyant by strong economic figures. The start of the week was plague by profit taking pressures as market participants were cautious ahead of announcement of Singapore’s GDP figures on Friday. Selling pressure was seen for the first 3 days of the week as the index was pushed to as low as 3272 level. Early economic data on Thursday had helped STI to regain its bullish traction; reversing early week losses to gains. Further gains were made on Friday as the economic figures were seen higher than expected. Therefore, Straits Ti

  10. Straits Times Index enjoyed a strong start for the month of October as buyer confidence started to build up strongly. Many have seen positive signs in Singapore economic situation, leading to gain in confidence in the market.  More confidence were driven by strong market numbers from US side as the US market hit new historical highs. Reports of un-sustainability of the US rally were shrugged off aside as fresh numbers were supporting the strength of US economy. Thus, these factors drive STI towards breaking its resistance level at 3270 level. Breaking the 2 month old sideways movement