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STI to cross 3000 boosted by long-term investors
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hpong5
Master |
23-Feb-2011 18:16
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Funds continue to outflow from US and into Asia tonight and tomorrow. Funds have begun to take long positions in Asia. | ||||
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krisluke
Supreme |
23-Feb-2011 18:03
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DJ fut: 12218 pts +5pts HS fut: 22934pts +27pts |
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Farmer
Master |
23-Feb-2011 18:01
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That's right, not the correct time to long yet. As I dun like to short, the best way is to stay out of the market for the time being with my radar screen turn on..... perhaps till HPH's ipo is due.
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krisluke
Supreme |
23-Feb-2011 17:59
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Given STI’s 2.2% negative reaction so far this week and that US markets were closed on Monday, we do not see the STI reacting fully to the S& P500’s 2% decline nor the Nasdaq’s 2.7% drop last night even as stocks are expected to start the session weaker. For short-term traders, we think the move to catch in the next 1-2 weeks base on STI movement is an anticipated c. 100 point technical rebound from slightly below 3000 to about 3100. For this, it is theoretically best to position when the STI dips slightly below 3000, say 2975-90, that can occur in coming session(s). |
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krisluke
Supreme |
23-Feb-2011 17:17
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DBX S& P500 SHORT 10US$: US$20.88 -US$0.18 vol 10k | ||||
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krisluke
Supreme |
23-Feb-2011 17:12
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dj fut 12211pts -2pts sensex 18362pts -34pts sembcorp indistries $4.82 -$0.01 |
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krisluke
Supreme |
23-Feb-2011 17:00
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sensex 18264 pts -32pts sembcorp ind $4.84 +$0.01 Dj fut +2pts |
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krisluke
Supreme |
23-Feb-2011 16:55
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sensex 18282pts -14 pts dj fut 12215pts + 2pts sse 2997 pts (closed) hs 22907 pts (closed)
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iPunter
Supreme |
23-Feb-2011 16:53
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Betting is exciting... If all is betting, it is better to bet at a safer price... 
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rotijai
Supreme |
23-Feb-2011 16:51
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or unless it breaks 3040..
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niuyear
Supreme |
23-Feb-2011 16:49
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Those who are abit more cautious, they will wait till 2900 to 2930 then buy . :)
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krisluke
Supreme |
23-Feb-2011 16:47
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sensex: 18353pts + 57 pts dj fut: 12214pts +1pts
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rotijai
Supreme |
23-Feb-2011 16:47
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dunno if this is another trap.. | ||||
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krisluke
Supreme |
23-Feb-2011 16:43
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dj fut: 12220 points +7pts sensex 18347 points + 51 pts
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krisluke
Supreme |
23-Feb-2011 16:34
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STOCK INDEXES & MARKETS The March NASDAQ 100 closed sharply lower due to unrest in Libya on Tuesday and closed below the 20-day moving average crossing at 2343.90 confirming that a short-term top has been posted. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are overbought and are turning bearish signaling that sideways to lower prices are possible near-term. If March extends today's decline, the reaction low crossing at 2248.50 is the next downside target. If March extends this winter's rally, weekly resistance crossing at 2477.50 is the next upside target. First resistance is last Wednesday's high crossing at 2403.00. Second resistance is weekly resistance crossing at 2477.50. First support is today's low crossing at 2320.75. Second support is the reaction low crossing at 2248.50. The March S& P 500 index closed sharply lower on Tuesday as it consolidates some of this winter's rally. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are overbought and are turning bearish signaling that additional weakness is possible near-term. Closes below the 20-day moving average crossing at 1311.55 would confirm that a short-term top has been posted. If March extends this winter's rally, the 75% retracement level of the 2008-2009-decline crossing at 1356.30 is the next upside target. First resistance is last Friday's high crossing at 1342.60. Second resistance is the 75% retracement level of the 2008-2009-decline crossing at 1356.30. First support is the 20-day moving average crossing at 1311.55. Second support is the reaction low crossing at 1262.60. The Dow closed lower on Tuesday as it consolidates some of this winter's rally. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are overbought and are turning neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 12,137 are needed to confirm that a short-term top has been posted. If the Dow extends this winter's rally, the January 2008 high on the weekly continuation chart crossing at 12,767 is the next upside target. First resistance is today's high crossing at 12,389. Second resistance is the January 2008 high on the weekly continuation chart crossing at 12,767. First support is today's low crossing at 12,198. Second support is the 20-day moving average crossing at 12,137. |
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krisluke
Supreme |
23-Feb-2011 16:25
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dj fut: 12225 points +12pts
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krisluke
Supreme |
23-Feb-2011 16:08
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hang seng closed: 22906.90 dj fut : +5 points (12218) 12212(tue closed) |
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warrenbegger
Elite |
23-Feb-2011 15:40
Yells: "Anyhow Buy Anyhow Die ^_^" |
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G soros hard to do that now cause china now very clever. Hard to trick a person twice unless he is a idiot :)
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niuyear
Supreme |
23-Feb-2011 15:24
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The stock will crash big unless - US is collapsing. If not, why fear?? My fear is : Someone could destroy Bank of England, can he destroy Asia (aka China)??? China is weary of this person. |
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krisluke
Supreme |
23-Feb-2011 15:21
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By Kevin Lim SINGAPORE, Feb 23 (Reuters) - Singapore is likely to tighten monetary policy further in April, despite officials downplaying the possibility, after inflation came in well above forecast in January, economists said on Wednesday. The consumer price index rose 5.5 percent from a year ago, the Department of Statistics said, up from 4.6 percent in December. The increase was the highest since October 2008's 6.4 percent and exceeded the 4.65 percent median estimate of 10 economists polled by Reuters. On a month-on-month seasonally adjusted basis, the CPI rose 1.3 percent in January from 0.9 percent in December. The higher-than-expected inflation data pushed the Singapore dollar By 0700 GMT, it was at 1.2764 to the U.S. dollar. " Inflation will be Singapore's key challenge in 2011. The government raised its 2011 headline inflation forecast to 3-4 percent from 2-3 percent recently and we believe inflation could be higher at 4.2 percent this year," said Standard Chartered economist Alvin Liew. Like most other Asian countries, the city-state of 5 million people is grappling with higher prices due to the region's rapid economic recovery, flush liquidity and high oil and commodity prices. But while most countries target interest rates to fight inflation, Singapore conducts policy by managing the local dollar's value against an undisclosed basket of currencies. Stanchart's Liew predicted the Monetary Authority of Singapore will most likely revalue the Singapore dollar upwards by about 2 percent in April, when it releases its half-yearly policy statement, by re-centering the policy band. Singapore last week raised its 2011 inflation forecast to 3-4 percent, but said its view of underlying price pressures had not changed much since its last policy review in October. " As monetary policy works with some lag, the previous policy moves in April and October last year will continue to have a restraining effect on growth and inflation over the course of 2011," MAS Deputy Managing Director Ong Chong Tee said at that time. ZERO " CORE" INFLATION The pick up in Singapore's inflation rate in recent months has been due primarily to the rising cost of housing and cars. As most Singaporeans own the apartments they live in and higher car prices are due to government policy to reduce road congestion, officials also use a separate inflation measure that exclude the two categories. The Department of Statistics said on Wednesday the " core inflation" measure tracked by MAS -- which excludes housing and private road transport cost -- was zero percent in January on a month-on-month basis. Bank of America Merrill Lynch's Chua Hak Bin said recent government measures to cool the housing market and a delay in train and bus fare adjustments could keep inflation in check, and MAS may decide to stand pat rather than tighten policy further. Most economists, however, expect higher oil prices and Singapore's tight labour market to feed into core inflation over the coming months. Singapore's current monetary policy stance is for a modest and gradual appreciation of the Singapore dollar, which is up around 0.3 percent against the U.S. dollar so far this year. The Singapore currency rose almost 9 percent against the greenback last year. |
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