Me still trying to find a way to predict Dow and STI by spiritual dreams.....
Moons energy is very yin and thus investors usually turn soft when moon is in control. Best days are days when there is a sun - moon eclispe where yin yang are well balance and neutral force in play....
LONDON
(MarketWatch) - U.S. stock market futures pointed to a mild recovery on
Monday after the sharp sell-off from the past session, with an upgrade
for General Motors and a downturn in crude oil futures among the bright
spots for the bulls.
U.S. Stock-Index Futures Rise; Blackstone, GM Shares Advance
Quote:
Originally Posted by Wee153
NO
.... OFF course NOT!!! Just a minor correction . Market still looks
attractive to take profit. It's a healthy correction and if the dow in
positive band to9...expect STI tomorrow to follow suit or display a
rebound . Just my 2 cts opinion.
U.S. Stock-Index Futures Rise; Blackstone, GM Shares Advance
By Andreas Hippin
June 25 (Bloomberg) -- U.S. stock-index futures rose before a private
report that may show home resales fell last month, giving more room to
the Federal Reserve to cut interest rates.
Immediate outlook: The Straits Times Index (STI) surged to its all time high of 3,652 before ending the week at 3,615.38 as profit taking set in. Nevertheless, the index ended the week 0.9% or 34pts higher. The index is still trying to breach its short-term and medium term uptrend channel resistance (note: the uptrend channel resistance is a rising trend line). Hence we have readjusted the bottom trend line of our pennant pattern. We still believe that this rally would end when the index breaks downwards below the pennant support. We are maintaining the sell on rallies strategy due to the negative divergence on the indicators. This week, we expect more volatility on the STI as it could trade between a wider range of 3,530 and 3,650.Lower liners may still be active this week.
Medium-term outlook (2-6 months): The long-term uptrend channel for the index is intact but the buying momentum behind the medium term bull is slowly easing. Indicators are starting to weaken but have yet to confirm the beginning of a medium term downtrend. The index is now testing the upper end of our medium-term target of 3,400-3,550, which coincidentally is also the upper band of its uptrend channel. It may be wise to start unwinding some of the shareholdings on rallies as we still do not foresee a breakout (above 3,550-3,600) happening now.The index may ease to 3,310 in the coming weeks.
Teeth i agree with your view. thou i believe DOW and STI will go Range this few months.. however there is still possibilities to go down. Remember i believe in the worst. next.. during range period. either noobs withdraw their money or put it in defensive stocks. selective stocks are for those pros. however the lucky thing is there are pretty lot of pros her in breakout play, thus following some of their breakout play may be a good idea. LOL
Just tot what is happening this trading week, starting Monday today...No surprises.
Big Cap stocks will go into rotational play, take profit and also once down on a dip will be back up in no time, it mean big cap STI stocks will be trading in range bound grey area, so is mid-cap stock and oso is small-cap, then again small-cap stocks will depending on sentiment news, don need FA and/or any TA and small cap stocks is very likely again is going to hog most of the top trading list in SGX, predicting 9 out of 10 is small cap stocks. So overall is going to move to +ve with it local economic data coming in, plus regional flavourable news, while DOW maybe down, as usual will be up the next following day, so Monday will see a drop in STI on profit taking, while Tues may see STI recovery from Mon fall.
Thanks to the big spike in Treasury yields, economists think Bernanke & Co. can stay on hold for the foreseeable future even though inflation concerns persist.
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