Author: forexrace@gmail.com

Morning Highlights: Tuesday’s STI gapped down due to overnight sell off in Dow Jones and opened at 2299.05 which is way lower than 2314.62.   It was highlighted in yesterday’s summary that there is a high possibility for the STI...

Morning Highlights: Monday’s STI gapped down right after SGX opens. The STI broke through 2355.20 within the first 10 minutes but recovered shortly above that point. Based on the hourly chart, we see that STI had broken 2360.61...

The STI managed to gap up and open at 2394.17. It managed to clear previous resistance of 2395.25, which is suppose to be a good sign of a new uptrend formed from here.   However, market did not sustain for long, and started...

The STI, once down as many as 27 points in the first 20mins at market open; tested the previous day support at 2363.28 at 9.30 am. Though the STI managed to rebound but it started to drift sideways throughout the entire trading...

The market continues its rally with no clear direction. The strong resistance at 2363.28 is once again tested this morning, but choppy. On the hindsight, it seems rather hard to hold, but we hold our reservations and will...

Market continued its uncertainties to today. The STI gapped up at the open of the morning session due to overnight effects from Dow Jones. The Dow recovered all of a 130-point loss at 12:30 a.m. (Singapore Time), closed up 1...

Today, market gapped up during the opening, and within 10mins, it covers the gap. There is a weakness in the buying strength, and the fact that it continues going sideways implies market uncertainty.   Short term investors...

Overall Market for today’s open remains unknown. Currently STI is going sideways.. we are waiting for a clearer direction to be seen.  Bank sectors were seen to be leading from the start but as the clock ticks, they appear...

Date: 4th June 2009   Singapore Stock Market: Overall long term trend (based on daily charts) is still up, but we remain cautious for a possible trend turn, waiting for more evidence for confirmation.   Short term traders – the...

Date: 3rd June 2009   The STI looks fairly good today after some encouraging economic data released by Australia and with automotive stocks slightly higher in Tokyo. If we manage to exceed 2424.3 and hold at this level, we will...