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STI to cross 3000 boosted by long-term investors
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Tomique
Master |
06-Jun-2013 15:37
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Shorts got short reasons, and long got long reasons. Wahahaho!! | ||
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risktaker
Supreme |
06-Jun-2013 15:19
Yells: "Sometimes you think you know, but in fact you dont" |
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Seems like u have no idea who is selling ..... n whos been buying when market made new high.....valuation may not look expensive but its not cheap.....why should we sell and buy back?....
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Octavia
Elite |
06-Jun-2013 14:03
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It’s pretty rare when every single component of the Dow Jones Industrials drops in unison, but when it happens, it usually results from a broad-reaching macroeconomic event. The catalyst for today’s 217-point drop in the average was worry about the impact of a tapering of Federal Reserve bond-buying that looks increasingly likely to take place in the near future. A lot will hinge on Friday’s reading on the employment front, but in many ways, investors are in a no-win situation. If Friday’s jobs number is strong, it will support calls for reducing quantitative easing activity, but a weak number will simply call into question the effectiveness of the entire strategy the Fed has followed for years.Hmmm... | ||
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librajet
Elite |
06-Jun-2013 13:28
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Nikkei is back green, STI follow?? | ||
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Peter_Pan
Supreme |
06-Jun-2013 13:06
Yells: "did you order dunkin' donuts" |
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STI should recover from around 3200 and back to around 3350. | ||
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vincente
Senior |
06-Jun-2013 13:02
Yells: "hope for the best" |
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Watch out for pennies correction next. | ||
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aputako
Member |
06-Jun-2013 12:52
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Hope the lau sai stops soon else wear diaper/wipe the a** also useless/pain. | ||
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Peter_Pan
Supreme |
06-Jun-2013 12:51
Yells: "did you order dunkin' donuts" |
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STOCKS NEWS SINGAPORE-Index falls to 4-1/2 month low banks
drag Singapore shares fell to their lowest since mid-January, led by a decline in the banking sector, amid growing uncertainty over the fate of the U.S. Federal Reserve's quantitative easing programme. The Straits Times Index < .FTSTI> fell as much as 2.9 percent to 3,196.23, down 7.7 percent from this year's peak on May 22, but up nearly 1 percent year to date. The MSCI's broadest index of Asia-Pacific shares outside Japan < .MIAPJ0000PUS> dropped 0.9 percent. Shares of United Overseas Bank Ltd lowest in more than seven weeks, dropping as much as 2.4 percent to S$20.29. Among other banking stocks, Southeast Asia's biggest bank DBS Group Holdings Ltd extending its decline for the second consecutive session. The Fed's stimulus, aiming to kick-start the world's largest economy by keeping ultra-low interest rates, has helped U.S. stock market scale consecutive record highs. Investors have been closely watching for signs that the Fed may scale back its monetary stimulus in coming months. Nomura analysts said they expect the success of quantitative easing would result in self-sustaining growth and a constructive level of inflation, which should render higher long-term bond yields nearly inevitable. " We do think skittish global markets have overreacted to higher bond yields and steeper curves, mistakenly assuming they must be negative for growth, risk and stocks. Quite the contrary," Nomura analysts said in a research note. |
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stevenlim109
Senior |
06-Jun-2013 12:43
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sifu isolator is using other nick !!
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devilman
Member |
06-Jun-2013 12:19
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Thanks for the post.
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ongahhuat888
Member |
06-Jun-2013 12:08
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Panic selling n greedy buying!!!! | ||
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Octavia
Elite |
06-Jun-2013 11:59
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The initial support levels are at 3,200 psychological support and 3,187 200day MA. A break below the latter could pave the way for further downside toward 3,113 as the next firm support level. The indicators are now showing oversold conditions.. |
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Tomique
Master |
06-Jun-2013 11:35
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Maybe the prophesy of Isolator's STI 2400 will become fulfilled in this year end? Sing dollar doesn't sing much now. It moans a bit, while most other currencies are smiling now with the exception of Rupiahs and other 3rd world money that are just tears shedding. Wohahaho!! Of course pennies and mid caps are not in the indices, they having not moved high in line with STI that broke or nearly broke historic high. Now shareplayers are wondering if pennies and mid caps can run up a bit. | ||
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risktaker
Supreme |
06-Jun-2013 11:23
Yells: "Sometimes you think you know, but in fact you dont" |
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STI corrected from 3460 to 3200... and people still wonder will market correct.... it makes me wonder...... US has not really correct.... so when US started its correction in strength we likely to see STI breaking 3000 and testing various support 2920 and 2850..... Good luck....oversold?.. no not yet..... and oversold doesnt mean it will rebound.....a technical intra day rebound.... or could go extreme oversold..... | ||
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Octavia
Elite |
06-Jun-2013 09:58
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US market skidded last night on mixed economic signals leaving market participants caught between fears that the Fed will taper its monetary stimulus and worries that the economy remains sluggish. Private sector employers added 135,000 jobs in May, less than the 165,000 analysts were expecting, while separate data showed growth in service industries and factory orders. The Fed’s Biege Book report also pointed to the US economy expanding at a modest and moderate pace. Meanwhile, Fed Bank of Dallas President Richard Fisher, one of the most vocal critics of quantitative easing, called the central bank to cut back its bond buying while economists from Goldman Sachs Group and Deutsche Bank predicted the purchases could be curbed from September. | ||
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stevenlim109
Senior |
06-Jun-2013 08:43
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Sifu Risktaker, please keep us informed.
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GorgeousOng
Elite |
06-Jun-2013 08:25
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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Another jia ba buay boa day...
Expect the unexpected ... Cheers! Have an exciting day!!! |
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guoyanyunyan
Elite |
06-Jun-2013 08:01
Yells: "uncertainty always exist" |
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Avoid picking local stocks if STI does not break above 3300 in 5 days Dear Friends, Today STI drop another 47 points at the close, dropping past 3300. During the day, it actually went to a low of 3231. 3300 seems to serve no barrier or support to a falling knife. It is getting tougher to buy stocks now. As mentioned in the last article, we feel that if 3300 does not hold, probably STI has a chance to drop to 3100. It seems unimaginable just 3 weeks ago. This is the stock market! Falling down a cliff is always faster than climbing a mountain! A sharp index drop is always faster than a rising one. Here I would like to offer some of my views regarding the market. 1) If STI does not rise back above 3300 in 5 days, avoid trying to buy the market bottom. 2) If STI does drop to 3000-3100 in the next few months, please start to accumulate! This is what I called MAKING HUGH MONEY! You don't get rich by buying at 3450. Buy at 3000-3100 if it reaches! 3) STI does have a short term support at 3150 should it reach. Let us see what happens in the US market then. 4) STI has a chance to rebound above 3300 this week IF US's non farm payroll report is great, or else I do not see any stimulus for STI this week. Rgds Daniel www.danielloh.com |
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GorgeousOng
Elite |
06-Jun-2013 07:47
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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I think so....but I never try....as I am a
scary rat...hahaha!来 得 快 去 得 快 ！
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tanglinboy
Elite |
06-Jun-2013 07:35
Yells: "hello!" |
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Big lao sai last night in US | ||
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