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STI to cross 3000 boosted by long-term investors
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evahsu
Member |
23-Sep-2013 23:16
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Likely to close 3 digits down.
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teeth53
Supreme |
23-Sep-2013 23:06
Yells: "don't learn through life, learn to grow with life " |
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DOW trading n edging lower to three digits, currently -80 points liao. http://money.cnn.com/data/markets/dow/?iid=intnlmrkt |
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Peter_Pan
Supreme |
23-Sep-2013 23:02
Yells: "did you order dunkin' donuts" |
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我 的 天 啊 !
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teeth53
Supreme |
23-Sep-2013 22:56
Yells: "don't learn through life, learn to grow with life " |
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On record - The last time there was a shutdown that long was at the end of 1995, when govt was shut down twice for nearly 4 weeks combined. | ||||
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teeth53
Supreme |
23-Sep-2013 22:46
Yells: "don't learn through life, learn to grow with life " |
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http://money.cnn.com/2013/09/23/news/economy/shutdown-economy/index.html?iid=HP_Highlight Would be inconvenient and frustrating, n depends on how long it lasts. teeth53 thot - Showmanship or showdown???. |
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teeth53
Supreme |
23-Sep-2013 22:40
Yells: "don't learn through life, learn to grow with life " |
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Four seasoned political observers agree a shutdown is more likely, but differ on chances. More teeth53 ( Date: 22-Sep-2013 22:45) Posted:
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teeth53
Supreme |
23-Sep-2013 22:32
Yells: "don't learn through life, learn to grow with life " |
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US-living on borrow time from debt disaster again...???. Unanswered questions weighing on the Investors. Chief among them: When will Federal Reserve finally begin cutting back on its monthly $85 billion bond-buying program?. Will the U.S. government shut down on Oct. 1 or default on its debt? teeth53 thot - Anything can happen during d last hours, in order to save the day.
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Octavia
Elite |
23-Sep-2013 21:44
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CHINA's yuan internationalisation policy has the potential to transform Asia's financial landscape, said a Monetary Authority of Singapore official (MAS). Internationally, yuan use has been growing rapidly in recent years, said Leong Sing Chiong, MAS assistant managing director, at a Bank of China (BOC) event on Friday. According to a recent Bank of International Settlement survey, the renminbi was ranked the ninth most traded currency globally. As a payments currency, it has leapfrogged to 11th place worldwide, up from 35th position three years ago. " We believe that as RMB internationalisation continues to progress, this has the potential to significantly transform the Asian financial landscape over the medium term," he said. |
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GorgeousOng
Elite |
23-Sep-2013 17:16
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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LOMBARDINI Night!!! You have fun yah!!!
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handongni
Senior |
23-Sep-2013 15:23
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alama, up you also won't thumbs up one, you stingy old man 
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Isolator
Supreme |
23-Sep-2013 15:14
Yells: "STI is hard landing to below 2000..." |
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Cannot Thumbs up.... Cause it is downtrend leh.... LOL | ||||
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handongni
Senior |
23-Sep-2013 15:01
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Welcome. Wow, pacific ocean very big leh. Are you very big also
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pacific
Member |
23-Sep-2013 14:52
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Wow, my first posting, and got off the wrong footing already :) (given thumbs up already) | ||||
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handongni
Senior |
23-Sep-2013 14:40
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Do more than just say " Great post!" , give him a 'thumbs up'
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pacific
Member |
23-Sep-2013 14:36
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Great post !
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handongni
Senior |
23-Sep-2013 13:53
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Some unreasonable 'thumbs down' here, I will 'thumbs up' them...
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Isolator
Supreme |
23-Sep-2013 13:43
Yells: "STI is hard landing to below 2000..." |
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Uptrend??? Are your sure??? hmmmm.... | ||||
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WanSiTong
Master |
23-Sep-2013 10:34
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My Market View The views expressed here by the contributor does not belong to ShareJunction. Straits Times Index back to uptrending mode a... Contributed by Jay Chia 23-Sep  Straits Times Index back to uptrending mode again.
It was an exciting week for STI last week as everyone were waiting for the announcement of the tapering of US stimulus package. STI rallied strongly in anticipation of good news from the Fed meeting which broke STI to 3180 resistance level. The next 2 days was strike with cautiousness despite being able to continue to trade higher. There were optimism in the market but it was just lacking of further conviction during the 2 days. On Wednesday night, the Fed meeting was concluded and they announced to withhold the tapering. Market cheered for this decision which created a sharp right in all markets around the world. STI gained close to 58pts on Thursday immediately. However, on Friday, critics start to comment and the market started to digest the news again bringing new concerns. Price retrace slightly due to profit taking on Friday. Hence, for the week, STI closed at 3237 level with 117.23pts gains. For this week, will STI be able to sustain its rally? Or will STI continue to retrace this week? Let?s find out from the chart. Trend: Sideway but possible uptrend, 20ma up, MacD above 0 Support: 3220 (100 & 200ma), 3204 ? 3041 gap support, 3180 (50ma), 3130 Resistance: 3260, 3280, 3310 Observations: Candlestick ?Short black candle with slight lower shadow. Histogram ? Many Gs. No divergence signal. RSI ? At 78.1%. Overbought. No divergence signal. Stochastic ? At 87.7%. Overbought. Bearish crossover formed. Bollinger Band ? Price at upper band. Band expanding. Conclusion: The strong bullish movement by STI had caught many by surprise as many were expecting bad news from the Fed meeting on Wednesday. STI ability to start the week strongly by breaking 3130 resistance level is already a first hint that STI will be able to form an uptrend movement. Further confirmation comes in when STI is able to stay above 3180 level on the next 2 days but its inability to show strong decisive candle for these 2 days were hinting cautiousness. It is only on Thursday where there was a strong decisive gap up movement which tells that STI will be going uptrend. Hence, STI will probably be forming a new uptrend currently but one element is still lacking, it will be the higher low formation. The weakness in the mid-term indicators has proven that the downtrend momentum have lost and is reversing to uptrend momentum. Confirmation comes when the MacD line starts to break the centre line while RSI enters into overbought region. The 20ma line also started to curl up last week which further confirms the uptrend movement. However, the short-term indicators are not bullish. Stochastic is now trading in overbought position with bearish crossover being formed. This will likely to call for a short-term retracement which can allow STI to form its higher low formation. Therefore, STI?s underlying is currently bullish but short-term retracement is expected to happen this week With short-term retracement expectation, it is important to identify where STI will form its higher low formation. Currently, STI is close to its immediate support level at 3220 level where it has multiple confluences. Furthermore, with its gap support range from 3204 ? 3241 levels, STI?s retracement action could merely be just a gap covering action. If STI decides to retrace beyond this support point, STI?s uptrend formation will still be intact. It will then be facing another strong support level at 3180 level which will be another level where STI can form higher low. On the other hand, as STI is now trading in the gap support level, it can also start to rebound immediately. If this happens, STI will be testing its immediate resistance level at 3260 level and might even attempt to break out and head towards next resistance at 3280 level. These 2 resistance levels will be likely target where STI can reach out within this week. However, with such sharp rise for the past few weeks, it will be unlikely for such scenario to happen without a higher low formation. In conclusion, retracement action is more likely to happen for STI this week due to the overbought situation that it is in. STI will be doing its gap covering action which will likely to test the range of 3204 ? 3241 levels. This gap support range will be a good level for STI to form its higher low formation to setup for uptrend continuation. However, another good support level for STI to form higher low will be at 3180 support level. Breaking the recent high of 3260 level will be a confirmation point for more upside. Henceforth, retracement action this week will be a good opportunity to accumulate long positions to setup for uptrend movement. What to watch out for this week: 1) Testing of 3204 ? 3041 gap support levels 2) Breaking of 3204 support level 3) Testing of 3180 support level 4) Breaking of 3260 resistance level Trading strategy to adapt right now: - Long traders should make use of the retracement opportunities to enter long positions. - Shortists clear their short positions during this retracement. |
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Octavia
Elite |
23-Sep-2013 10:02
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Formula 1 would float on SGX as soon as the timing is right revealed Bernie Ecclestone. | ||||
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GorgeousOng
Elite |
23-Sep-2013 09:45
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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x 0
x 0 Alert Admin |
China PMI 51.2 |
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