Straits Times Index   

STI to cross 3000 boosted by long-term investors

gosh* although tonight US is having their holidays....we are currently looking at some positive technical figures....FTSE Europe market is currently +138! 

and look at the US Futures as of current time...(btw for the benefit of those who didn't know, US Futures still operate even though the DOW market close) ...its very green

Dow Futures *	12442.00	92.00	0.74%	12449.00	12324.00	10:19:33
NASDAQ Futures *	1807.25	20.75	1.16%	1807.25	1778.50	10:19:35
S&P500 Futures *	1361.80	10.50	0.78%	1364.70	1347.00	10:19:33

 

 

Nothing wrong with blue chips. Just that one should try to remove that mindset of always looking at blue chips. The great gains in stocks are in those that can become blue chips

 

Don't buy blue chips. There are quite a few out there that are cheap and have tremendous potential. They are much cheaper than blue chip 

 

Buy blue chip if you confident! Else stay away!! Don't worry. There are a lot of opprotunities in stock market!

http://www.freewebs.com/henryhts

 

 

Important to focus on what you buy

 

Wow look at how some shares have risen man:) Bull!

 

Cannot rally lah.....Singtel is not moving, its heading southern, where got confident to CHEONG?

 

these are just analysis by the brokerage houses this morning...after rally...there will be profit taking...so its normal to see dips

 

Where got rally? Now like aimless chicken..

 

UOB Kay Hian (18 Feb)



Singapore bourse ? Potential breakout could lead to best rally since Aug 07

Last Monday, we stated that the Footsie Strait Times Index (FTSTI) was at the tail end of a correction and recommended buying on dips, stating that there was scope for a move towards 3130-3170. The index corrected to a low of 2858 and rebounded to close at 3088. So what?s next? We think there is a very high probability that the index could rally even higher towards 3320-3400. We say this for the following reasons:


1) Prior to the Chinese New Year, the index gapped down in what was the largest gap since the September 11. 2001, indicating extreme fear. This has reversed as the index rebounded to close the gap swiftly. In Singapore, the FTSTI closed near the weekly high. Clearly, sentiment has reversed.


2) Last Friday, was the only time since Oct 07 when the FTSTI and the Hang Seng Index (HSI) decoupled from a triple-digit decline in the DOW and closed near weekly highs. This indicates an increase in confidence in domestic fundamentals and should set the stage for further gains. In Singapore, the market reacted favourably to DBS Group?s full-year earning and bank stocks rallied across the board despite the government?s lowering of its GDP estimate for 2008.


3) The FTSTI is seen to be in a large wave C up move that has a high probability of breaking the downtrend resistance line near 3160. If so, the index could easily spike up towards 3320-3400. We see a similar pattern for the highly correlated HSI. Over in the US, the NYSE advance/decline indicator gained 79% from the previous day and the indicator has formed two consecutive higher lows since the
bottoming out in mid-January. Conversely, the CBOE options pull/call ratio has risen to a three-week high. This is generally seen as a bullish contrarian indicator as bearish positions outnumber bullish ones. All in all, we think the risk/reward profile favours taking long positions. We recommend that investors add up on financials, including SGX. This sector is likely to outperform. Laggard property stocks could also provide some 20% upside on average, while leading S-Chips could rally 30-50% by end-March. 

 

From CIMB this morning (18 Feb):

Immediate outlook:     The Straits Times Index?s (STI) ended the week at 3,088.68, climbing 157pts or 5.3% week-on-week. Its indicators are beginning to look bullish, especially its RSI. Both the momentum indicators suggest that its earlier rebound from its 2,746 low could continue into this upcoming week. The index could continue on its rise to retest the breakdown level of 3,268. If 3,268 resistance level gives way, the index could rise to 3,325 next. The 2,900 psychological level could provide short term support.


Medium-term outlook (2-6 months):     The breakdown from its middle band support of 3,220-3,350 in January is bearish for the medium term. The index fell and tested its major trend line support at 2,768-2,890 before rebounding sharply. It is not out of the woods yet as its weekly indicators have remained negative. Nevertheless, the bullish engulfing candle suggests that it could rebound from here. It needs to overcome the support turned resistance of 3,220-3,350 now before it the long term rally can continue. Until the breakout, the index could continue to consolidate and build a base within the 2,760-3,200 level.

 

another reason STI came down is from the influence of HSI ...but HSI staying above 24000 should be alright...

 

thanks victorf for your input ...just curious how you got such accurate dates set out...haha` hope you will be right...

anyway, currently we are seeing a profit taking session from 10.15am onwards...the early morning trade was a glee of buy ups...closing above 3100 today will be good 

 

from the market as MARKET IS ALWAYS RIGHT...good luck :)

Note that we are always being explicit and give the date far ahead of the date of the call

 

how u derive at the precise date 14th/21st April?

 

market will move higher high till 14th/21st April...again and again, we are being explicit in our call and let the market prove it (just checked our record for say past half year on our call for certainty or uncertainty and check the detailed date with precision or with a magnifier)...good luck :)

28-Jan-2008 12:00	Straits Times Index   /   STI to cross 3000 boosted by long-term investors
x 0 x 0	market will be back to certainty from 1st February till 14th/21st April....it will move higher high (see now at around 3050)...buy on dip and good luck trading :)...Market is always RIGHT :)

 

Thank you, Singaporegal, much appreciated


 

 

 

Hi Jalan_tiong,

I'll reply in the kep corp thread.
 

 

Hi Singaporegal, wats yr ta take on keppel corp next week? 

 
thanks and cheers 

 

is buffett holding on to any sgx stocks ?