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3381-3400 of 69565
Shorts got short reasons, and long got long reasons. Wahahaho!!
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?....
Peter_Pan ( Date: 06-Jun-2013 13:06) Posted:
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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...
Nikkei is back green, STI follow??
STI should recover from around 3200 and back to around 3350.
Watch out for pennies correction next.
Hope the lau sai stops soon else wear diaper/wipe the a** also useless/pain.
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 Ltdfell to their
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 Ltdfell 1.8 percent to S$16.10,
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.
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.
sifu isolator is using other nick !!
Tomique ( Date: 06-Jun-2013 11:35) Posted:
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Thanks for the post.
guoyanyunyan ( Date: 06-Jun-2013 08:01) Posted:
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Panic selling n greedy buying!!!!
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..
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.
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.....
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.
Sifu Risktaker, please keep us informed.
risktaker ( Date: 27-May-2013 16:47) Posted:
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Another jia ba buay boa day...
Expect the unexpected ...
Cheers! Have an exciting day!!!
Expect the unexpected ...
Cheers! Have an exciting day!!!
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
I think so....but I never try....as I am a
scary rat...hahaha!来 得 快 去 得 快 ！
scary rat...hahaha!来 得 快 去 得 快 ！
scary_cat ( Date: 06-Jun-2013 07:26) Posted:
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Big lao sai last night in US