TraderPlanet.com :: hope6's Commentaries

Singapore Stock Market Updates on 7/2/12

Tue, 07 Feb 2012 02:42:49 +0000

Market faces updown pressure as investors turn their attention on Greece. Talks have been postponed to Tuesday as leaders are trying to come up with agreement to prevent Greece from defaulting. We expect market to be choppy at this current point so please stand sideline first. Nevertheless, we are still upbeat on the market as long term chart is showing signs of turning positive. Support at 2900. Lookout for SembCorp, Sembmarine, Venture.

Sentiment --> Bullish

C4N02RPPSVQ

Read More at TraderPlanet.com »

Singapore Stock Market Updates on 26/1/12

Thu, 26 Jan 2012 02:49:48 +0000

Happy new year everyone! Hope you enjoyed the long holidays.

Market is on the upbeat after the Federal Reserve said interest rates would remain low through late 2014. We mentioned before that if 2,800 is broken, it will turn support. As far as we are concerned, the market had rallied close to 300 points since low of 2600 created on Dec 20 2011. Therefore, a pause from the market now is inevitable. 2,900 still remains as the resistance for now. We expect market to consolidate at this point.

Sen...Read More at TraderPlanet.com »

Singapore Stock Market Updates on 17/1/12

Tue, 17 Jan 2012 01:45:19 +0000

Market recovers some losses after yesterday sell-off. Shares advance across Asia as Europe-inspired jitters ease. China economic data due. This week's inflation, housing and manufacturing reports are likely to show the U.S. remained on a modest upward track at the end of 2011. We expect market to consolidate at this current point before a breakthrough of 2,800.

Sentiment for now is neutral but biased on the upside.

zOwGOidLtvA

Read More at TraderPlanet.com »

Singapore Stock Market Updates on 13/1/12

Fri, 13 Jan 2012 02:52:55 +0000

Asia stocks rise after successful European bond auctions and comments from the European Central Bank help alleviate some euro-concerns. We are still cautious with the market performance and uncertainty still clouds the market. More shares are slowly turning positive which signify market maybe turning positive. Meantime, please be nimble or stay sideline as market is currently choppy. Resistance at 2,800.

Sentiment --> Neutral

y50HvBWpu70

Read More at TraderPlanet.com »

Singapore Stock Market Updates on 6/1/12

Fri, 06 Jan 2012 06:51:07 +0000

Market retraced after past up sessions. We expect market to consolidate before a trend starts. At current point, we advise staying sideline as market shows great uncertainty, mainly in the Euro zone as well as good news from the US.

Sentiment --> Neutral

8iPfJa81VL8

Read More at TraderPlanet.com »

Singapore Stock Market Updates on 28/12/11

Wed, 28 Dec 2011 07:34:13 +0000

Market trades cautiously before ending 2011. We expect volume to pick up after New Year. For conservative investors, we advise to stand on the sideline for now as market has no direction. What we are sure is that 2,700 is a strong resistance.

Sentiment --> Netrual

-rS9BUiTZbs

Read More at TraderPlanet.com »

Singapore Stock Market Updates on 21/12/11

Wed, 21 Dec 2011 03:29:34 +0000

US market rally after a solid report on November housing starts. Asia market join in, with strength for exporters and resource firms, as renewed optimism about the health of the global economy boosts risk appetite.

However, Bank of Japan says economic recovery 'paused' and keeps policy rate unchanged. We suggest investors to stay sideline for the moment as market tends to be very choppy. With great uncertainty lying ahead before 2011 ends, we believed that market is consolidating. On the long...

Read More at TraderPlanet.com »

Singapore Stock Market Updates on 13/12/11

Tue, 13 Dec 2011 05:43:14 +0000

Asian shares slides, with exporters and technology firms putting in a weak performance. Stocks in the US market decline after Moody's Investors Service said it would review the ratings of euro area countries.

We did mention before that market is likely to be choppy and we do expect wild swing from the US market. 2800 is a strong resistance level. As market is more biased on the downside, we see resistance level at 2750 as well.

Market gaps down and trades below 2700. If 2700 cannot be reclaim...

Read More at TraderPlanet.com »

Singapore Stock Market Updates On 7/12/11

Wed, 07 Dec 2011 01:54:00 +0000

Asian shares rise, with optimism returning ahead of this week's crucial European meetings after a report that a second rescue fund may be available. Market tends to be choppy. Light volume is expected during last month of the year as most fund managers are off the desk.

2800 is the resistance for now. To observe whether 2800 will be broken eventually and sustainable.

For investors that have no positions currently or no time to monitor, standing sideline is the best option. For those that had ...

Read More at TraderPlanet.com »

Singapore Stock Market Updates On 1/12/11

Thu, 01 Dec 2011 02:11:21 +0000

Asian market join in a global rally as the central banks of the US, euro region, Canada, the UK, Japan and Switzerland agreed to cut the cost of providing dollar funding via swap arrangements, the Federal Reserve said, and agreed to make other currencies available as needed.

DJ had their best performance, soaring closing to 500 points, closing above 12,000.

For local market, STI managed to trade well above 2700, affirming that the break down of 2700 previously was a false alarm. We can expect...

Read More at TraderPlanet.com »

Singapore Stock Market Updates On 25/11/11

Fri, 25 Nov 2011 08:26:44 +0000

Market gapped down, with energy and banking stocks notable decliners, as ongoing concerns over Europe's debt crisis kept investor sidelined. As we are getting closer to year end, do expect that market volumes will be lower. However, with Euro crisis in the focus, we do expect market to be on the downside. Any long positions shall be traded with extra care.

Sentiment --> Bearish

dEWOFijKNqw

Read More at TraderPlanet.com »

Singapore Stock Market Updates On 21/11/11

Mon, 21 Nov 2011 07:56:58 +0000

Asia shares lose ground on concern over Europe's debt troubles and lack of a US deficit deal. We did mention that a break through of 2750 will represent that market will head down even lower, testing 2700 support. From what we observe, market tested 2700 but bounced back. We expect market to be on the downside. Therefore, a break through of 2700 will be inevitable.

Sentiment --> Bearish

6790qEieff8

Read More at TraderPlanet.com »

Singapore Stock Market Updates On 10/11/11

Thu, 10 Nov 2011 02:30:13 +0000

Asia markets sink, as rising Italian borrowing costs wash fresh waves of anxiety about the euro-zone debt crisis over the region. Italy on the brink as bond yield tops 7%, a day after Silvio Berlusconi is effectively forced to commit to stepping down.

Singapore market gapped down and traded below 2800. Support level of 2750 and 2700 shall be viewed carefully. To sum it up, lookout for 2700

For conservative investor, please stay sideline as market tends to be very choppy. We expect wild swing...

Read More at TraderPlanet.com »

Singapore Stock Market Updates On 2/11/11

Wed, 02 Nov 2011 06:17:17 +0000

Despite sell down on yesterday US market on Greece crisis, Singapore market managed to eek off gains. On short term basis, we expect market to be on the upside. However, do take note that long term basis, the market is still down but is under going a transition period of turning bullish, in other words, uncertainty still persist in the market. Expect wild swing on the up and downside.

For conservative investors, standing sideline will be the best choice for now. Any mid term positions shall b...

Read More at TraderPlanet.com »

Singapore Stock Market Updates On 28/10/11

Fri, 28 Oct 2011 02:40:03 +0000

Market finished positive yesterday with heavy volume of 2.3244 bln traded, up 77.63 points. Market successfully broke through resistance of 2800, marching towards 2900. We do expect a brief pause before market break through 2900 again. New support at 2800 is formed. We mentioned before that market will be bullish if it manges to break through 2800. Therefore, our current sentiment is bullish.

However, please be mindful of the Euro-crisis.

Stocks that are strong --> Biosensor

Biosensor is trad...

Read More at TraderPlanet.com »