Straits Times Index   

STI to cross 3000 boosted by long-term investors

The new series of FTSE STI Indices today really caused major disaster all round. Most of the brokers are not ready to switch over.  

Now I have to go to SGX website to get the latest STI index. 

 

close all my position today... excluding those that will not be affected by the turmoil to come

 

my saxo STI cfd cant trade due to the new STI glitch..

 

Armed yourself with CFD and shoot the bulls.

 

yea, quite frustrating. but if you track individual counters it's quite clear tho. they're breaking lower low/at that level already. index appears to be holding up due to singtel and capland--but these were oversold a couple of days before.

generally, market depth shows buy support is thin; need to be careful of sudden movement (ups or downs) by one large transaction.  

<3300 close more likely tmrw. today perhaps around the 3310 region....follow and see. no pt guessing. dangerous grounds. dow futures down. we're actually slowly taking the lower-middle of bollie range already (ie, lower high) and appear to be slowly slipping down. nd to watch jan 17. MS or merril releases their results that day. cfm shock down the US market.

 

cant see todays STI chart on my Shareinvestor, dunnoe how bad it is. like blind bat. hope it dun close below support of 3300 convincingly today.

 

 

careful. the down is here, rebound was done yest/this morn. bear trap. sci, yl, sgz watch out. the last two had hit technical sell yest/a couple of days ago already. sci breach is at 5.1.

fyi.

 

Oil price has show divergences, may see it dip till $85. consider it if your have oil related stocks 

 

tomolo the new sti debuts... likely chance ang moh will give face.... throw out alll ta and fa for 1 day and try to sell into strength

 

lol, someone here talking abt TA again. cannot even answer my queries.

 

I guess it's safer to buy after STI rebound from 3300 like what colin seow has said. Dow is very bearish since it breached it's support so i doubt STI can last for long if the DJIA continues to plunge.

 

good to see you back with your quality unbias TA analysis which i find it hard to find nowadays.

 

anyway for UOB report

http://sg.uobkayhian.com/page/site/public/english/pdf/tech_7jan.pdf

http://sg.uobkayhian.com/page/site/public/english/pdf/tech_9jan.pdf

 

hit a intraday low below 3300 today and rebound due to rumours, expecting interest cut, so my view is it will break again and become a resistance

 

 

 

 

 

 This was posted on my blog on 4th Jan ..

STI update

January 4th, 2008 Collin Seow Posted in Singapore Stocks Prices | Edit |

Going to stick out my head again. In general, I agree that the index support is around 3300. However, he wrote that today is the best time to buy which I have to disagree. I think the index is heading 3300 for the time being or even lower if 3300 is broken .So I will only monitor and look to buy AFTER the index has hit 3300 and rebound.

My personal view..

Best Regards,
Collin Seow

 

yes jerry me too, i find their research backed by TA elliot wave analysis rather good. different from other brokers. i trust uob's much much more than others' FA report.

 

Goldman Says U.S. Economy Slipping Into Recession (Update2)


By John Fraher and Sarah Thompson

Jan. 9 (Bloomberg) -- Goldman Sachs Group Inc. said the U.S. economy is probably slipping into recession and forecast the Federal Reserve to respond by slashing interest rates.

Goldman predicts the Fed to cut its benchmark rate to 2.5 percent by the third quarter, according to an e-mailed strategy note. Goldman said in November the Fed would reduce its key rate, currently at 4.25 percent, to 3 percent by the middle of 2008.

The number of Americans signing contracts to buy previously owned homes fell more than forecast in November and the jobless rate rose to 5 percent in December, the highest in two years, reports in the past week showed.

Payrolls rose by 18,000, the least since August 2003, evidence the economic expansion is cooling after a third-quarter surge as the housing slump enters its third year.

Goldman, which last week forecast the Fed would reduce its target rate by half a percentage point this month, also said today it expects the U.S. economy to expand 0.8 percent over the full year.

Goldman recommended that investors increase their holdings of healthcare and consumer-related stocks.

To contact the reporter on this story: John Fraher in London at jfraher@bloomberg.net Last Updated: January 9, 2008 08:26 EST

 

i saw UOB Kayhian reports that says the r confident STI won't dip below 3300...i have been observing UOB Kayhian reports since early last year and find their analysis on STI rather accurate....well..its been my personal judgment over the the year...u guys might wanna check it out 

 

 

STI is still bearish, wont be surprise if it dip tomolo. it closed below the rising support trend line hence abit bearish.

 

 

STI managed to stay above 3300 but may not be stay for long as DOW has confirmed bearish.

 

 

WOW just saw KTL chart, double bagger in less than 2 weeks and with good volume.

how come no one spotted this and post a thread. lol. miss a gold nugget!