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67381-67400 of 69565
ended as predicted.. Bullish sentiment is not really back yet. like to suggest ppl to consider clear some of their holding as the STi is showing divergence in MACD.
the chinese news at 6.30pm stated that traders are just being cautious as the US will be announcing some data soon (unsure what is it exactly though...anyone care to shed some light?)
What happened today huh? Started off so promising and then ended up in the red....
STi should dip or flat today.. cap by upper bollinger band. STI should be trading within range unless there is really bullish sentiment..
I still see aimless movement of the market this week.... anyway, we will see what happens tommorow lah.
Last Thursday the Dow (US market) rose 283.86 to record the highest gain in one day since October 2003. Is it time to sell? I think market is headed higher.
I guess quite a few thought a market correction was about to happen the last 2 weeks. But it was not to be. Try to focus on your individual stocks and NOT the STI. Remember that you are buying a company stock and not a stock called the "STI" although a sharp drop in the STI would cause most stocks to fall.
We are very eager to "realise" our profits. But sometimes after you "realise" your profit for share A and looking for another stock, share A continues to rise. Believe in the long term potential of your stock and just hold. You will find that you will make more profits than too much buying and selling.
Look at China's continued explosive growth. They are fast replacing Germany as the third largest economy in the world. One day China will be breathing down the neck of the US. With so much wealth, China will one day be the largest consumer in the world.
If you are holding onto good stocks in oil or oil related, China or emerging market theme, just stay cool and be focussed for long term benefit in your investment. I believe there is still a long,long way to go.....
we will be poised for another up ride on Monday's STI...Credit Suisse thinks that STI could reach 5,000 in two years due to liquidity push and increased leverage on corporate balance sheets...still quite far a sight it seems
Wow at least Credit Suss not bad ya.... Not like Citigroup....Downgrade the Singapore stock market..........
Credit Suisse on Saturday's Straits Times set a 12-month target of 4,200 for the STI...noting a strong economy, an appreciating Sing$, and robust liquidity support
After it stronger surge by 284 point, DOW start off shakey-ly and closed off +ve.
STI 3700 points today, no problem, aiming to play contra on Cosco today...
anyone wanna join me?
6:43pm: Dow surges 284 points, closing above 13,800 for first time, on aluminum merger, upbeat retail sales numbers. (more)
Indeed market heading higher as I expected:). The stock market boat is heading to Alaska to see the white polar bear. Those have have kept the faith should eventually get a bear hug:)
agreed with Ed on another thread that no more black Fri the 13...it will be more like a great Fri given that DOW spurred up so high....today! STI shall follow suit with a higher boost of confidence...watch out guys...here we go!
Hopefully the DOW rise will give a push towards STI too
Latest as of 2.45am: U.S. Stocks Rise on M&A
July 11 (Bloomberg) -- U.S. stocks climbed after takeover
speculation swept through the raw-materials industry and
expectations grew that the record pace of share buybacks will
accelerate.
More than $1.44 trillion in U.S. mergers and acquisitions
and $443.9 billion of announced share buybacks so far this year
have helped fuel the stock market's rally. Financial shares
climbed today after government officials said the housing slump
and investor losses from subprime-mortgage delinquencies aren't
posing broader risks to the economy.
Federal Reserve Governor Kevin Warsh said investor losses
from subprime delinquencies aren't posing any broader risks to
the financial system. Fed Bank of Philadelphia President Charles Plosser also
said in a speech in London that the housing slump has ``so far
not derailed the prospect that economic growth will return
toward trend,'' adding that he agrees with economists' estimates
that growth will pick up to 2 percent to 3 percent this year.
Analysts estimate S&P 500 Index companies will post 4.8
percent profit growth for the second quarter, according to data
compiled by Bloomberg, up from an estimate of 3.2 percent three
months ago.
Hmmm....The last minute transaction of UOB brought the STI into negative territory. 144 lots done at 22.60. This appears strange as this counter was trading in a narrow range of 23 to 23.30 the whole day. How can the price suddenly plunge 40c at the last moment??
-2.18
. A sign of heathty mky correction.