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1-16 of 16
GO GO GO !
STI SINGAPORE TO 5000 !!!
STI 3600 COME M
NEY COME
US Stocks jump 1% as Bernanke signals more easy money
US stocks on Thursday surged higher, following global equity markets that greeted fresh comments from Federal Reserve Chairman Ben Bernanke that monetary policy would remain accommodative until the economy improves.
Five minutes into trade, the Dow Jones Industrial Average jumped 152.88 (1.00 per cent) to 15,444.54.
The broad-based S& P 500 rocketed 17.65 (1.07 per cent) higher to 1,670,27, while the tech-rich Nasdaq Composite Index rose 40.11 (1.14 per cent) to 3,560.87.
Mr Bernanke, responding to questions following a speech in Boston, said " highly accommodative monetary policy for the foreseeable future" was needed given the weak labor market and low inflation.
Update on supports and resistances.
Pivot: 3265
Our preference: Long positions above 3265 with targets @ 3485 & 3600 in extension.
Alternative scenario: Below 3265 look for further downside with 3225 & 3150 as targets.
Comment: the RSI advocates for further advance.
Key levels
3650
3600
3485
3416.7 last
3265
3225
3150
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krisluke ( Date: 21-May-2011 23:52) Posted:
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3600 points tgt for sti at year end
krisluke ( Date: 18-May-2011 12:37) Posted:
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Add that SG market lacks growth, with conglomerates and ppty Co’s possibly at peak profits now. Banks may find it hard to lift profits meaningfully in low i/r envt, while Telcos face competition and Transport struggling with high fuel costs. adFew growth options in SG are Genting SP, Noble, Olam, DBS and possibly 2nd tier O& M plays. SG’s limited growth opportunities but strong balance sheets, seen in div surprises at SingTel, SIA, SIA Engineering and SATS…..
House top picks for large Caps are DBS, F& N, Noble, SIA, OUE, SembCorp Industries and Wilmar, while top small-midcap picks are CWT, Ezion, FCOT, Midas, STX OSV, OKP, UMS and Foreland Fabritech.
rotijai ( Date: 05-Mar-2011 19:29) Posted:
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krisluke ( Date: 05-Mar-2011 19:13) Posted:
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What makes you think that the WW3, etc,
must happen in 2013 / 4 and not sooner?...
Singapore PM set a 8% growth and 4% inflation for this year.
I was eyeing st index at 3600 points for this year and possibly 4000-4200 points for the next year.
It will be unlikely to withness anythings fearfully expect for the food price and oil spike. Although a bad thingy for econ but can be an buying opportunities into equity market since the growth and profitability chances are higher in term of percentage and faster in term of investing duration.
Watch year 2013-2014, there should be an major pullback similiar to the sub-prime and a likely war (world war 3). not to be worry, as the news would be inversely to what we're having now.
*ww3, i read this from an econ magazine...
rotijai ( Date: 05-Mar-2011 19:29) Posted:
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krisluke ( Date: 05-Mar-2011 19:13) Posted:
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