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STI meets strong resistance

Hi guys ~!! seems like wat we thought of are all wrong , now -6.58

 

Good chance of a brief rally next week in STI for National Day as Fed hike pause is almost expected by most analysts due to US's July payroll weak data out just now.

Next Fed meeting on 20th Spetember - maybe another pause? .... (I really pray, but fat hope)

But IMF and World Bank meeting in S'pore that same period ...Maybe we will have our own S'pore rally instead. :P

 

Yup. U r there, depending all on FOMC plus DOW plus Mr Ben Benanke, the FED chief

 

STI rose up to the election date. I think it'll rise slowly up to National Day. Both depend on whether the Fed hike interest rates. Coincidence?

 

The declines are more than the advances today. Another adverse factor is the ECB interest rate increase yesterday The national day rally may just be a false hope as markets are forward looking-looks like the market is past high noon