1. 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.

  2. 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

  3. 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

  4. 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

  5. Straits Times Index ended the month of September without much trading actions are many traders and investors seems to be staying sidelines. US interest rate and tax reforms news seems to be affecting the market. This news triggered tightly ranged swing movements in the market last week. The start of the week shows bullish attempts but it was quick to be beaten down by the bears on Tuesday. However, with confidence that US interest rate hike will more likely to occur during the end of the year, financial gains strength which pushed STI to as high as 3250 level. But coming close to the week,

  6. Straits Times Index continued another week above its support at 3190 level. The market started the week by rebounding strongly on Monday. But it faced a minor resistance at 3245 level which prevented STI from going higher. Strong selling pressure sipped in on Tuesday which stopped STI from going further. The focus of the market started to shift towards the interest rate hike of US. STI adjusted downwards further as it prepared itself for any adverse announcement. After the announcement on Wednesday night, STI reacted bearishly towards the news on Thursday. However, it stayed above 3200 leve

  7. Straits Times Index had another bearish week last week as multiple concerns were felt last week. Rebound attempts were seen early last week as US market managed to hit historical highs. Despite bullish sentiment around the markets, STI was seen struggling to maintain its gains during the day and ended up closing flat on the early week. Selling pressure was felt throughout the week but STI stubbornly hold above 3220 level. However, on Friday morning, North Korean fired another test missile over Japan which triggered fear over the Asian market. This helped STI to crack 3220 level immediately

  8. Straits Times Index started the month of September bearishly. This bearish action was triggered by North Korea’s nuclear testing. Fear of war heighten as the tension rises; creating a wave of market participants exiting the market. On Monday, the market reacted immediately on the bearish side. STI was brought to as low as 3227 level before it attempted to rebound the next day. Rebound attempts during the week were unfruitful as it failed to sustain beyond 3245 level. Bearish pressure was undeniable firm but strong selling pressure was not present. Eventually, STI closed the week at 3228.56

  9. The month of August ended with a bullish week, with Straits Times Index gaining 17.69pts for the week despite concerns over North Korea firing a missile over Japan. For the start of the week, STI faces resistance from 3270 level which stops the market from going higher. Knee jerk reaction was felt Tuesday when reports of North Korea’s missile flew of Japan was announced. However, this did not push the market lower the next day after the report. Instead, STI rebounded firmly towards 3270 level. With figures from US economic report, US market performed strongly on Wednesday night. This leads

  10. The Straits Times Index managed to halt its bearish movement as it managed to find its support after breaking its important support of 3270 level. The bearish sentiment only managed to push STI to as low as 3244 level before bargain hunters entered the market to scoop up bargains. However, the buyers were unable to push STI beyond 3270 level as this level seems to turn into a resistance level. Because of this, STI only managed to gain 7.58pts for the week and close at 3259.57 level.

    The question now in traders head is whether the important 3270 level has turned into a resistance leve