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STI to cross 3000 boosted by long-term investors
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lowchia
Veteran |
09-Jul-2011 13:15
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x 0
x 0 Alert Admin |
In last week, STI merely gains 12 points from the opening of 3139 and close higher at 3151. A black candle stick with long lower shadow affirms that investors began to take profit off the table as the index approaches the critical resistance at 3180. Key Economics Data report: US released data on Friday that the unemployment rate hit a six-month high of 9.2 percent in June, while nonfarm payrolls grew by a mere 18,000 last month. The lackluster jobs growth stunned most economists, as the median of forecasts was for growth of 90,000. Most economists gave a 20 percent chance that the Fed will do a “QE3″ type stimulus program in the next two years and expect the Fed to hold interest rates steady at the current range of zero to 0.25 percent through the first half of 2012. As the Q2 earnings season begins in the coming week, investors are expecting the earnings to be strong for this quarter though analysts do note the potential for surprises. Technical Analysis on STI STI index has re-test the critical support at 3120 and rebound back to close near the critical resistance at 3180. 1) In weekly chart, a black candle stick with long lower shadow similar to “Hanging man” affirms on the weakness of the rally as it approach the critical resistance of 3180. 2) The weekly trading volume are flat as investors await for more outcome on the earning sessions in the coming week. 3) MACD and RSI indicators are bullish as MACD lines about to perform a “golden cross” 4) STI is currently resisted by the critical resistance at 3180. 5) The resistance at 3180 is expected to be very strong and the only reason that STI can break through will be good earning reports ahead. Important resistance of STI: 3180 (Daily charts) Immediate Support of STI: 3146 (Daily charts) MY tactics: In the next few week................ READ MORE If u really in need of money, watch out for 3180 instead haha...good 4D |
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risktaker
Supreme |
09-Jul-2011 11:44
Yells: "Sometimes you think you know, but in fact you dont" |
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x 0
x 0 Alert Admin |
5822 if u really really urgent in need of $$$ go buy this 4D |
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risktaker
Supreme |
09-Jul-2011 11:25
Yells: "Sometimes you think you know, but in fact you dont" |
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x 0
x 0 Alert Admin |
3 Things you must KNOW for next week Trade ! 1) US Economy gained just 18,000 jobs in June, the govt reported on Fri, sharply missing most expectations and coming in even weaker than the paltry 25,000 jobs added in May. Unemployment rate rose to 9.2% from 9.1% in May. 2) China June Inflation Accelerates to 6.4% on Year, Above Forecasts. Increasing the risk that the central bank will keep raising interest rates as price pressures spread well beyond food and energy. 3) US Earning Seasons Start on Coming Monday. Its a big disappointment for everyone. Our Team are particular bullish about the job report. Has the job market bottom ? Is the economy really turning around ? given all the data on hands the signal are quite mixed. Friday trade we seen funds manager dumping equity and jumping back bonds which sent the rates lower. This Friday job report was suppose to be the confirmed signal that US economy " largest" is just hitting a soft patch. We are still convinced that US economy is recovering and there will not be an double dip. However we are not sure if we have yet to see the bottom. On the other piece of bad news is China Inflation Accelerates to 6.4% ... that is extremely high. China is struggling to keep its inflation for the year @ 4%. Our team believes further tightening is expect sometime this month as inflation rate has reached the dangerous level. China inflation is link directly to its stability so it will do whatever it can to keep it down so get ready for another few rounds of tightening. US earning seasons will began on coming Monday starting with earnings from Alcoa. Many analyst are positive with Q2 earnings however with all the recent disappointing data our team are cautions about this quarter earnings season. Especially with all the major events happening during last quarter (Japan Quake, Oil peaked etc) We are in for a rough ride next week. Trade with care.... We might see STI ranging 3080 - 3100 next week. As long as 3080 is not broken again. Uptrend is intact. |
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warrenbegger
Elite |
09-Jul-2011 00:58
Yells: "Anyhow Buy Anyhow Die ^_^" |
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x 0
x 0 Alert Admin |
Thats why never too trust those economist and analysis, those listen to them cause many to load and bet on good result tonight but end up rubbish again. So what will happen on monday/tuesday? Cut lost fast? They can tahan the drop? Or be brave and hold on? Next monday will near mid month and those fund manager and cautions investor that dont wish to take much risk will start to unload from next week before end of month. Few thing is for sure, US/world inflation, debts and slow recovery will make investor out of market first. And many rubbish bad news will come out again and again to rape our poor bull. But nothing is for sure too, news is like market cycle, when a lots of bad news is out for us to get use and factor into it, good news will be out sooner or later for market to rebound. Now the US all depend on obama now, if US cannot raise the debt ceiling by Aug 2 or sooner, dont know what will happen to the financial world liao. More terrible Monkey's downgrade again? More loan shark bailout? The clock is ticking nearer and nearer. . . | ||||||
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teeth53
Supreme |
08-Jul-2011 23:09
Yells: "don't learn through life, learn to grow with life " |
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x 0
x 0 Alert Admin |
http://money.cnn.com/2011/07/08/news/economy/june_jobs_report_unemployment/index.htm?iid=Popular The job mkt hit a major roadblock last mth, as hiring slowed to a crawl, unemployment rate unexpectedly rise. Economy gained just 18,000 jobs in June, the govt reported on Fri, sharply missing most expectations and coming in even weaker than the paltry 25,000 jobs added in May. It marked the weakest month since Sept, when the economy was still losing jobs. Immediately after the release. More bad news: June's jobs report follows an already dismal report from May. Economists, for the most part, were hopeful that June would be better, predicting about 125,000 jobs added during the month, according to a CNNMoney survey. Govt bleeding jobs, no end in sight, unemployment rate rose to 9.2% from 9.1% in May. Total nos of unemployed people rose to 14.1 million. A whopping 44% of those folks, or 6.3 million people, have been unemployed for 6 months or more.
The underemployment rate, which includes people who want to work full-time but are forced to work part-time, rose to 16.2%, its highest rate since December. Overall, the job market is still far from a full recovery. The economy needs to add about 150,000 jobs a month just to keep pace with population growth. stock futures plummeted and bond prices rose. DOW was down by 1.11% or 140.69pt to 12,579 point
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niuyear
Supreme |
08-Jul-2011 10:46
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x 0
x 0 Alert Admin |
SGX has to bring in not only Money, but , SMART MONEY.
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niuyear
Supreme |
08-Jul-2011 10:43
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x 0
x 0 Alert Admin |
if You claim you are 2nd best flutist, no one dares say he is the best ! hahaha!
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Musicalchair
Member |
08-Jul-2011 09:29
Yells: "Why buy stock and hold is drangers to your wealth!" |
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x 0
x 0 Alert Admin |
Oh no super rally today..swee
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Musicalchair
Member |
08-Jul-2011 08:27
Yells: "Why buy stock and hold is drangers to your wealth!" |
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x 0
x 0 Alert Admin |
The scary thing is today is Fri, so expecting gap up sell down... STI must hold steady above the 150MA..3128 cos Dow has already pass this 150MA bull level only STI xia suay always follow the weak side of the dark index. if STI can retest and break 3155 level all the way clear i think tats will be very optismitic. yesday STI up but general market sentiment was weak, lets see how it perform later.
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bryansng
Senior |
08-Jul-2011 08:11
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x 0
x 0 Alert Admin |
DJ, S& P, NASDAQ and NIKKEI... alllllllllll suppppppppppper greeen! So what will happen to our little STI????? | ||||||
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warrenbegger
Elite |
08-Jul-2011 00:15
Yells: "Anyhow Buy Anyhow Die ^_^" |
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x 0
x 1 Alert Admin |
From the day I know the truth, I keep vomiting till now................ Pls dont make me VOMITTTTTTTTTT AGAIN@#$%> > > > > > OMG. God pls forgive me, i should not play brokeback mountain part 2 :(:(:(
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MasterNg9999
Senior |
07-Jul-2011 19:14
Yells: "Isnt Human center of the universe???" |
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x 0
x 0 Alert Admin |
Decrease interest rate ??? .... lolx..... maybe sell off oversea assets think the owners can only think of extending trading hours and trade limits to deal with the drop in cashflow due to the Euro Crisis Cheer
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rotijai
Supreme |
07-Jul-2011 11:29
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x 0
x 0 Alert Admin |
er.. no doubt tat US has rallied a lot.. but STI stocks.. like gsp/noble/semb.. how to take profit if u really bought 2 weeks ago ?
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SGG_SGG
Master |
07-Jul-2011 11:29
Yells: "karma karma karma chameleon" |
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x 0
x 0 Alert Admin |
warren is definitely a him. I suspect hulumas is also a him. 
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risktaker
Supreme |
07-Jul-2011 11:26
Yells: "Sometimes you think you know, but in fact you dont" |
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x 0
x 0 Alert Admin |
the job report will be good BBs will take profit during this friday. Look at the bloody chart see how big is the recent rally. In order to substain this rally US will have at least 200points pull back by next week. | ||||||
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risktaker
Supreme |
07-Jul-2011 11:17
Yells: "Sometimes you think you know, but in fact you dont" |
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x 0
x 1 Alert Admin |
hahaha good time to take.profit :) huat ah | ||||||
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Hulumas
Supreme |
07-Jul-2011 09:27
Yells: "INVEST but not TRADE please!" |
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x 0
x 0 Alert Admin |
Please seriously take note. I do not know him/her!
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iPunter
Supreme |
07-Jul-2011 08:31
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x 0
x 0 Alert Admin |
One must not be a pessimist... or an optimist. Being 'robotic' is the way to go in playing stocks and other speculative activities. To tackle the market, it is best to adopt an arbitrary method, such as use of chart references. In this way, one eliminates the human factor in an uncertain and often hostile market nvironment... 
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bryansng
Senior |
07-Jul-2011 00:06
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x 0
x 2 Alert Admin |
All the indices seems to be moving sideway.... I guess tomorrow will see blood or neutral if Dow shed tonite.
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rotijai
Supreme |
07-Jul-2011 00:05
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x 0
x 0 Alert Admin |
if bro dow is moderately/very green at closing later and tmr most STI stocks cant move... it will be really.. speechless.. |
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