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STI
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billywows
Elite |
28-Oct-2006 06:56
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Ahh, US market down last nite - Dow down 0.6% and Nasdaq down 1.2%. Monday, STI should not be affected after DBS & SIA posted better earnings yestersay! |
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cashiertan
Elite |
28-Oct-2006 00:37
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Correction should start now. we should expect at dip to 2500+ region before climbing again to 2780+ and than to 3000 by end of Feb to june. yes 500+ is nothing. |
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billywows
Elite |
28-Oct-2006 00:12
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Hi, Allantanhc ... My overview is US market should close just reddish (almost flat) tonite. Should it be so, STI will stay afloat on Monday cos it has slightly corrected liao today. |
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allantanhc
Veteran |
27-Oct-2006 23:30
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Hi, billywows, I share your bullish sentiment. Based on what I was thought in TA, it tells me that STI has the potential to go up to 3070 if it does not go below 2667 in corrections. I really hope that this prediction comes true by next May. Having said that, I think correction is imminent. Dow is now down 17 points having gone down more than 50 points in early trading. If it ends in red, STI will follow suit on Monday. |
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billywows
Elite |
27-Oct-2006 22:50
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October should have been a bad month traditionally, but this is surely an exceptionally good October! Have read it somewhere: "Buy in November and sell in May". Hmmm .. I have this funny feeling that global markets will continue to maintain at their current level with only small corrections through next May'07 - not huge ones. And it will be a rosy chiong year for TECH next year too. Let's see if my gut feeling is right as its indeed scary where STI and Dow are at their record highs now. |
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Synapse
Member |
27-Oct-2006 17:14
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Receive a Kim Engs technical analyst. Hope this re-directed msg is useful. *** STI has risen from a low of 2319 in mid-July to a high of 2754 today, a gain of 435pts. The rise has been interrupted by technical pullbacks to cool off overbought technicals. Predictive wave pattern suggests that another pullback could be on the cards. The daily/weekly stochastics and RSI are at overbought levels again. If a pullback initiates from here, a 23.6% downward retracement could see the STI testing 2688. Traders who are already aggressively long in stocks should consider the STI 2650ePW070227 put warrant as a hedge against a market pullback. The warrant has ample liquidity and a comfortable 4 months to maturity. *** |
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allantanhc
Veteran |
27-Oct-2006 15:53
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It's a yo-yo day today. Agree that we should get ready for a correction. Once US closes lower tonight, STI is likely to drop sharply on Monday. |
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robinpang
Member |
27-Oct-2006 13:49
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STI might wanna test 2830+ (2840) before being satisfy to come down. Sigh....no correction till next week. Next week can start put warrants. put 2450 for those who wanna make quick money in little time. S$0.015 seems like a good entry point. But dont buy yet in case no correction. ;-) (5 cens worth) |
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robinpang
Member |
27-Oct-2006 11:19
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wow, volume is high, and STI is still rallying upward (even on a friday, very unusal). DOW was up yesterday. If STI close above closing price during lunch, then the strong momentum means that any dips after lunch provides a good chance to accumulate. No put warrants today. Top volumes and ICBC warrants seems to have more upside later, esp. small caps stocks. |
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singaporegal
Supreme |
27-Oct-2006 09:40
Yells: "Female TA nut" |
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Profit taking today |
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shinmark
Member |
26-Oct-2006 15:53
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Can someone recommends any particular STI warrant to invest? Thanks. |
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robinpang
Member |
26-Oct-2006 15:44
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i am thinking, oct shud be still rally. But may show signs, i think i agree, 1st week of november, will start the bear. ;-) so not so early for the puts, still got 1 week, relax ... |
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allantanhc
Veteran |
26-Oct-2006 15:38
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Agreed. It is a good advice to be cautious. The May 2006 correction is still vivid in everyone's memory. DJIA and STI charts are fast looking unsustainable now. The higher the climb, the heavier the fall. Good to have a healthy correction sooner rather than a sharp decline later. |
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robinpang
Member |
26-Oct-2006 15:10
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Thanks YongJiu for your post! Today, we see speculative stocks being chased up, like Equation and centillion. Whenever this happens, i feel that pple are being confident (overly), and it is a sign of caution. YongJiu, if this is really true, and then when the time comes for correction, these foreign funds will exit very very fast, and since the whole financial sector is awaiting a correction, any news now, like terrorist, or oil price hikes, election campaign, will send the DOW and the STI to the exit. Since all stocks are now overbought, it is only natural to have a correction, again. :-) |
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singaporegal
Supreme |
26-Oct-2006 11:23
Yells: "Female TA nut" |
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There may be some truth in YongJiu's post. I was looking at the trading volume. Now its only about 422 million, which is not alot. If the STI is pushed up only by a few counters, then its not a broad based rally. If so, then better be cautious. |
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BULLBEAR
Member |
26-Oct-2006 09:45
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With STI at new high, trade (if you are day traders) only counters with positive news and houses' calls.Good luck peers! |
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YongJiu
Veteran |
26-Oct-2006 09:36
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I was told by a frend who work in the financial
sector, lot of foreign funds has been pump into M?sia & Sg mkt recently. The
STI is pushing up high mainly by a few selected blue-chip counters. The question is how long they will stay in? |
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YongJiu
Veteran |
26-Oct-2006 09:31
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Yeah Incirent I agree with you that the CEO is does not deserve the reward. To stay on top of the edge, SPH need revamp!!!! |
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billywows
Elite |
26-Oct-2006 07:22
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STI may test 2,730 mark today after US rate pause last nite .... Scary ya! |
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Nostradamus
Supreme |
26-Oct-2006 01:20
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Eddie Wong, chief equity strategist at ABN AMRO in Hong Kong, said investors were increasingly looking at Singapore banks and property developers as proxies for regional growth. "Regional operations account for at least 35% of their (Singapore banks and property firms') total net profit," Wong said. "Our Overweight call on the Singapore market is for two key reasons. One, to participate in the improving private demand and emerging domestic asset reflation story. The other, as a play on regional growth." |
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