Latest Forum Topics / Straits Times Index |
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STI to cross 3000 boosted by long-term investors
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lowchia
Veteran |
17-Jul-2010 20:47
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Technical Analysis on STI STI index has continued to gain though the trading volume has reduced further as investors remains doubtful on the global economy growth. Important points to note 1) In weekly charts, a white candle stick with no upper shadow shown the high confidence of the investors for the earning reports ahead. 2) The trading volume reduced further as index approaches the recent high resistance 3) MACD and RSI indicators are bullish as both indicators continue to trend upwards. 4) STI is currently sustained by major technical support at 2943 5) STI clearly outperform compared to other major markets such as Hang Seng, Nikkei, S&P since end of May as shown on the performance chart. All the other markets have all gone south except STI which could proves the strength and confidence that investors have for Singapore. Important resistance of STI: 3000 (Daily charts) Immediate Support of STI: 2943 (Daily charts) MY tactics: Although STI disregards of its regional economy and continue to rally but we would advise investors to keep at tip-toe for any market reversal. It is certainly not a good sign to see STI near all time high resistance and trading volume going lower. We would suggest looking at the major support at 2943 and pullback likely happen once this support is breached at high volume. CLICK HERE TO READ COMPLETE ANALYSIS I certainly wont sell on Monday since it already gap down...so no point |
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Salute
Master |
17-Jul-2010 20:26
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But here monday will drop due to US's Friday's-261, and Monday night US drop -233(though it's not fixed), Tuesday here STI will drop too right. Why don't you buy on Tuesday. Just curious..
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Bon3260
Supreme |
17-Jul-2010 20:09
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How many stocks u hv on hand now? Is it more dan BBs? No rite? BBs now muz b more worried dan u if Dow Jones expecting red more... So y u sell dan? Buy when pple fear throwing nxt Mon... But I guess smart pple wun throw on Mon. We'll expect those Selling Shorts pple in e Mkt. But they'll "kena gun" (in Hokkien)... ('',)
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Salute
Master |
17-Jul-2010 18:15
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I saw the future Dow Jones index in red at 233. Why you buy monday morning, are you guys going to sell on monday too==doing the day trading?
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Bon3260
Supreme |
17-Jul-2010 17:44
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Me too... ('',)
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Bon3260
Supreme |
17-Jul-2010 16:24
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Hi-P
Avi-Tech
Meiban Gp
Frencken
CheungWoh
New hint; Spindex - Last 0.265 on 16-Jul-2010 (Expecting cheong soon...) Previous hint; Osim - Last 1.03 on 16-Jul-2010 (Expecting cheong 1.10...) Innotek - Last 0.540 on 16-Jul-2010 (Expecting cheong again aft present corrections.)
('',)
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Jackpot2010
Master |
17-Jul-2010 16:12
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STI - BLACK MONDAY 19 JULY 2010 ??? Don’t Wait for US Recovery to Buy StocksPosted By: Tom Brennan | Web Editor, Mad Money
cnbc.com 14 Jul 2010 | 07:16 PM ET
The US is the caboose on the train of worldwide growth, Cramer said Wednesday, but guess what? It doesn’t matter. The train is moving nonetheless, pulling everyone along with it, and that means stocks can be bought. The evidence is clear: Investors, analysts, the Street as a whole – no one expects the US to drive company earnings. Whether it was Intel , Novellus , Yum! Brands , CSX , Boeing , Cummins or even Banco Santander , the questions about the source of their profits inevitably focused on business overseas. Was it China? South Korea? Brazil? The rest of Latin America? And the answers were yes, yes, yes and yes. “I am not saying we are irrelevant. We still matter,” Cramer said. “I am saying that now we are the world’s drag … the caboose.” The Federal Reserve confirmed as much today when we got its meeting minutes, which said it sees subpar growth for the US for years versus other countries. But, in spite of our obsession with housing data, retail data and employment data, American businesses still will get pulled along the rest of the world. Companies here must meet demand over there. That’s why Cramer thinks that, by the fourth quarter, we will see some job creation in the US. And retail investors will finally regain the confidence needed to start buying stocks again. Cramer doesn’t want his viewers to wait that long, though. So tonight he begged them to catch this train and get in before the big move. Because if they miss it, he said, “I’ll feel sorry for you.” |
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rickyw
Master |
17-Jul-2010 13:58
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4 0 0 0
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alexchia01
Elite |
17-Jul-2010 13:42
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Below is my analysis for next week market. 1. This week, SSE is moving sideway and there is a sign of weakness. I don't know how it's going to move next week until I see its performance on Monday. 2. HangSeng has finally started to move up and would continue to climb next week. 3. STI is already in the overbrought region. If STI is to climb, it would be small. 4. Europe markets have already peak and starting to move down. More fall to come for Europe. 5. DOW and S&P 500 both shows a sign reversal, but I need to see how the markets perform on Monday and Tuesday to confirm this. Monday and Tuesday are important to determine where the market would move next week. I'll see how the market moves before making a decision to Buy/Sell. This is my just personal analysis, don't take it too seriously. Good luck to all. |
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pharoah88
Supreme |
17-Jul-2010 13:13
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3 5 0 0
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pharoah88
Supreme |
17-Jul-2010 13:11
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Kevin Scully, executive chairman of NRA Capital, made the following post yesterday on his blog at www.nracapital.com![]() I have been interviewed on CNA many times over the last 10-11 years. This morning my interview on Prime Time Morning with Suzanne Jung was "cut off" twice.....according to Suzanne they had lost me twice......maybe my views were too bullish!!! Let me briefly summarise what I wanted to say this morning: ![]() |
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alexchia01
Elite |
17-Jul-2010 12:31
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Yes, I make money. Market did not crash. DOW 261 point drop is because: 1. DOW has 7 straight days for up run, it is overdue for a fall. This fall is much needed and good for the market. 2. AoB and JP Morgan results are not as good as most analysts think and US Market is worry about their financial sector performance in the near future. All these are pretty much contain in US. This is not to say that STI would not react to this drop, I think it would, just that I don't think its a crash. I've not brought US stocks for a long time and I don't think I would buy them in the short term too. My focus is still in Asia. Good luck to all.
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CWQuah
Master |
17-Jul-2010 11:57
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If you ask me, I give more weightage to the psychology of the market participants, than the valuation of the market. Why? Everyone has different valuations - some say cheap currently, some say expensive currently. That is why, there is always a bull for every bear. Trend itself, is merely a manifestation of the net effect of collective belief on valuations at a specific time interval of all the bears and bulls, which drives them to behave in certain ways (shouting chiong ah, whack big big, become diehard stock supporter etc). It can be either uptrend or downtrend depending which side is collectively stronger. But, when it comes to market psychology, NOTHING has changed ever since humans appeared on earth. Humans are emotional. And emotion is a strong driving factor in market behaviour. The patterns never change. Even a typical bull (i refer to non-professional players) with diehard belief in good valuation of his stock, eventually gives in to his emotions when enough stress is applied. To be contrarian, one needs to have very focused rationality and see things objectively without emotion. Evaluate, but don't judge.
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teeth53
Supreme |
17-Jul-2010 11:40
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Mkt will test 3,000 again this coming week, then come down hard by another 100 pt
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DnApeh
Master |
17-Jul-2010 10:48
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Monday I will buy at open. | ||||
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beruangface
Senior |
17-Jul-2010 10:45
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Did you make money? Market just crash :) Luckily I've sold all my US stocks
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alexchia01
Elite |
17-Jul-2010 08:52
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Oh. Ktnp2005 and you are both contrarian investors. Ok, I know what you guys are saying. In the long term, the market is moving down. In the mid term, the market moves both up and down. In the short term, the market is moving up, although we are already near the top of the bull run. As an investor, yes, I agree with you that investors should get out of the market, wait for the lows and Buy then. As a trader, no, a trader makes money in both up and down market, we'll make even more money if there is a crash. Good luck to all.
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monk999
Master |
17-Jul-2010 01:16
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Hi Ozone2002, assuming STI goes up next week...at what point of the STI will you exit your put warrants and start going long?
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CWQuah
Master |
17-Jul-2010 01:07
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Simple. 1. What are the real economic fundamentals like vs current mkt valuation? 2. What are ALL the participants in the mkt doing? (This requires some thinking between the lines). |
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alexchia01
Elite |
17-Jul-2010 00:50
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Why do you think STI upside is hard and the fall will be spectacular? I would like very much to hear your views.
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