Straits Times Index   

STI to cross 3000 boosted by long-term investors

Usually, "cheonging" will continue until no one will want to do any predicting by any method... :)

As long as markets remain strong, the bias is always upward.

It is best to let the market (ie. Mr. Market) decide what it is doing...

 

why cheong only till 11th May?

 

Woww...All the small cap fight for top volume place in SGX. 1, 2, 3,. Cheongg..ahh./\.

 

as expected, market will creep up till 11th May and two weeks of good trading...good luck :)

 

nowadays, STI follows China, Japan and HK. if they plunge, STI will follow rather than follow DJ :P

 

With this kind of reassuring Dow performance, it is hard to see why the STI will not be affected.

 

Wow...DOW is up by almost 100pts...if remain STI tomorrow might cheong again

 

Looks like pennies to me...Is that a bad sign?

 

the volume for today is mainly on penny or blue chip?

 

market moving as expected....good luck

Posted: 27-Apr-2007 09:26
x 0 x 0	as expected market pivot around apoint 3400 for past two weeks till 27th April which is today (boring market)...however, the uncertainty will end today and continue to creep up till 11th May for two weeks of good trading...buy on dip on good stocks (at least the market will be safe till 11th May) and good luck :)

 

yes,i think investors still lagging after the hol.

 

Is it me or does the market seem a little subdued today?

 

The Edge and Spore Biz Times report that the China stock markets are reaching strataphoric highs with students betting their tuition money in stocks and uncles and aunties borrowing money to buy shares. A mind boggling 310,000 securities a/cs are opened daily. So be cautious of the stock market bubble..

 

May could start with rebound

U.S. stock futures higher, indicating slight recovery from selloff that ended a strong April.

May 1 2007: 7:28 AM EDT

NEW YORK (CNNMoney.com) -- U.S. markets are ready to begin a new month Tuesday, poised to rebound a bit from the selloff that diminished an otherwise solid April.
At 7:27 a.m. ET, Nasdaq and S&P futures were higher.


Oil was lower. U.S. light crude eased 5 cents to $65.66 a barrel in electronic trading.
Treasury prices were little changed, with the yield on the 10-year note at 4.62 percent. The dollar also was little changed against the euro and the yen, after being higher in earlier trading.
Economic reports due Tuesday include the Institute of Supply Management's manufacturing index as well as the National Association of Realtors report on pending home sales, both due at 10 a.m. ET.
Art Hogan, chief market analyst at Jefferies & Co., said that as long as the ISM manufacturing index stays above 50, an indication of growth in the sector, it shouldn't have a big effect on the market. Economists surveyed by Briefing.com are forecasting the index will edge up to 51 from 50.9 in March. He said in terms of economic reports, investors are already looking ahead to Friday's April employment figures.
But Hogan said what has been lifting the market has been a generally strong earnings period, which continued Tuesday when the nation's No. 1 consumer products maker Procter & Gamble (Charts, Fortune 500), a Dow component, reported an 18 percent jump in earnings that met forecasts and the upper end of its guidance for the recently completed quarter. It also raised the lower end of its full-year earnings guidance.
"It's a solid report," Hogan said about P&G. "For the whole earnings season, we always tend to be low, but not to the magnitude we have been in this quarter. That's been the big driver lifting stocks. After a bit of a breather yesterday, the market can probably continue its path of least resistance to the upside."
Many overseas markets were closed for the May Day holiday. Among the few major markets open, Japan's Nikkei ended lower, while London's FTSE was down in early trading.
In corporate news, electronics retailer Circuit City (Charts, Fortune 500) warned that it is now expecting a loss from continuing operations for the first quarter that ended in April, as it withdrew its previously issued outlook for the first half of its fiscal year. Shares of the company fell 10 percent in after-hours trading on the news.
Wal-Mart Stores (Charts, Fortune 500) was criticized late Monday by Human Rights Watch, which charged that the No. 1 retailer has used a myriad of tactics, including some that are illegal, to hinder the ability of its workers to form labor unions. The company denied the charges, saying they were based on unsubstantiated allegations.
According to a report in the Wall Street Journal, activist shareholder Carl Icahn has stepped up his efforts to win a seat on the board of Motorola (Charts, Fortune 500), sending a letter to shareholders calling the company trouble and likening reported comments by CEO Ed Zander to "something straight out of Alice in Wonderland."
VeriSign (Charts) is expected to announce a deal to create bank cards that display a password that changes several times a minute, a device that could improve the security of online accounts.
Automakers are also due to report U.S. sales for April, with Ford Motor (Charts, Fortune 500) warning late Friday that sales would be far below internal targets.
The Dow Jones industrial average ended a 3-day run of record closes Monday with a 58-point loss. Nevertheless, the blue-chip measure gained 5.7 percent in April, its best one-month percentage gain in 3-1/2 years.
The Nasdaq composite, which lost 1.3 percent Monday, was up 4.3 percent last month, as was the Standard & Poor's 500, which was down 0.8 percent in Monday trading.

 

Just FYI: Other web is saying mkt Crash, See & judge ur-self, is ur $$...this day mkt trading range bound from mid April and into May 07.

 

Index

Index Value: 3,361.29 Trade Time: Apr 30 Change:  37.31 (1.10%) Prev Close: 3,398.60 Open: 3,389.27 Day's Range: 3,352.13 - 3,393.05 52wk Range: 2,277.91 - 3,452.84

 

I do hear about people saying that in investments we have to diversify. This is the advise given by "experts". Well do be careful when you wish to diversify. Remember that when the market is on a bull run, it is easy to feel "high", you buy more stocks because you wish to "diversify". But when you buy more stocks, you are in a way more "exposed" to being caught when there is a market crash.

 

Whatever profits you have made, don't lose your head and do silly risky trades. It just takes one market crash and all can be wiped out. As the saying goes, when one has been on a winning streak and has never tasted the bitter experience of being "burnt", it is easy to get carried out.The occasional punt to make "coffee money" is ok. If you wrong, at least you don't lose everything.

 

"Diversification is a protection against ignorance It makes very little sense for those who know what they are doing." Warren Buffet.



 It is hard to focus when you own too many stocks. As much as one is tempted to buy another stock, a great of discipline is required to control yourself and don't overbuy. When the market crash comes, what you made in 1 year ,can be wiped out in just 1 week.

 

MayDay@#$%. MayDay (help)today on the red ....Radio-ing for Help, help is needed.

STI: 3,361.29 points, (-37.31) vol: 2,229.3 million share traded.

STI is on a consolidating period due to short trading week and BBs seem amiss.. 

 

recommend to increase buying of tech stocks, esp. chip related stock for good returns in 1-6 months...good luck and not for contra

 

Yes. Time to go in for good stock.

 

as expected market pivot around apoint 3400 for past two weeks till 27th April which is today (boring market)...however, the uncertainty will end today and continue to creep up till 11th May for two weeks of good trading...buy on dip on good stocks (at least the market will be safe till 11th May) and good luck :)