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STI to cross 3000 boosted by long-term investors
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bishan22
Elite |
01-Jul-2007 15:55
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Today Sunday Times called for sell and move to taiwan market. Are they trying to stir a massive sell next week?? Will investors react to this call or just sit and wait??? Any on line Guru to give your advise?? Xie Xie. |
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chipchip66
Master |
01-Jul-2007 14:49
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Hi Kiwi, its either down or up. Markets move according to players playing it. Markets doesnt get scared. Only players playing the field. | ||||
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harryp
Veteran |
01-Jul-2007 14:44
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This morning me went to lim kopi at nearby hawker center. Saw a group of grim face Ah Cheak and Ah Soh in sports atire reading page 29 of the Sunday Time with heads shaking sideways...... it was very noisy and could not hear what they talking. From the looks on their faces, it seems that the Ang Moh's call has hit the grassroots level.... |
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ChinChye
Member |
01-Jul-2007 14:33
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Hi, whats the employment figures? down? | ||||
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kiwi77sg
Member |
01-Jul-2007 14:29
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With US independent day, with 2 terrorist attacks in London, newspaper report of peak of shares and waiting for 2Q growth report etc.... What will be the market gg to be like for MON or next week ? CHeers |
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Livermore
Master |
01-Jul-2007 13:25
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This Friday's US job employment fugures could dictate market direction.. |
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ed88ks
Senior |
01-Jul-2007 13:02
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Volatile Session..Dow reverses from 13,500, increases in volatility into the Close.From prior commentary, "...Keep an eye on the 13,400 level tomorrow, as a break through this zone could easily spark another test of lows at 13,300..." The Dow opened the session with a big test of the 13,500 resistance level, but was not able to hold above this zone, as seen in the 15 Minute Chart. Instead, the index reversed course and solid off heavily into the afternoon before rallying just before the Close, capping a highly volatile session. The Dow closed the day with a small 14 point loss and continues to hold above key 13,250 support. The Dow was rejected at 13,500 resistance and then broke through 13,400 support en route to a big 200 point sell-off, which is quite a decline. All this pent-up volatility could be a precursor to a huge breakout some time soon. The Daily Chart shows the Dow continues to wind up within the large consolidation that spans from 13,250 to 13,700, which we will continue to watch for a big breakout move. The fact that the range seems to be rounding off the highs indicates that a downside break could be soon. Watch 13,250 down, and 13,525 up for signs of key movement Monday. Short Term Dow The Dow closed the day right at the clear 13,400 fulcrum, seen in the 5 Minute Chart. Watch this zone closely for early direction Monday morning. Medium Term Dow In the medium term, we entered the market Long at 13,500 today, but stopped out with a 20 point loss. We are out of the market and will watch 13,525 up, and 13,250 down; using 20 point stops. NASDAQ & S&P The NASDAQ and S&P each bounced late in the day after a steady decline from resistance. Look for more range movement until a solid breakout from their respective ranges occurs. Summary The Dow closed the day with a mild loss, but continues to increase in volatility ahead of a potential breakout move from this huge trading range. Keep an eye on the narrowing range for a potential breakout move Monday. Thanks for listening, and Good luck in your trading! Ed Downs |
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teeth53
Supreme |
01-Jul-2007 10:30
Yells: "don't learn through life, learn to grow with life " |
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QUOTE: refer to today's newspaper article - Booming stock market. Is it time to sell. Read with some interest how Angmo do their trading, called for sell. When last week four straight days & oni today ST paper publish it on Sunday. Isit a little late then never !!, selling has happened liao due to Angmo calling, (see below Quote), my tot tell me Angmo has sold some stocks liao following Citi Grp calling and now selectively buying up some again.
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bensonho
Member |
01-Jul-2007 09:13
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a lot of analayist gave warnibg abt singapore stock and recently remark fr our Prime MInister and MAS saying a big shock could occur????????,they can predict wat goin on,is it tamasek goin to off load those STI shares like SMRT,comfortdelgro.sph,singtel,DBS | ||||
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Livermore
Master |
01-Jul-2007 08:50
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I refer to today's newspaper article - Booming stock market. Is it time to sell. Too me, focus on your individual stock not on the STI..... |
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Manikamaniko
Senior |
01-Jul-2007 00:05
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x 0
x 0 Alert Admin |
Singaporegal... 
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singaporegal
Supreme |
30-Jun-2007 23:59
Yells: "Female TA nut" |
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Dear Mani, I agree with you on that. A close that is nearer to the high of the day and supported with large trading volumes is a bullish sign. |
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teeth53
Supreme |
30-Jun-2007 21:49
Yells: "don't learn through life, learn to grow with life " |
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x 0
x 0 Alert Admin |
Now i am looking and think isit for real...China Milk come with a bonus  ?, and when news is out. U know and i know ...!!!. need another reminder.
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pikachu
Veteran |
30-Jun-2007 19:38
Yells: "Holy Cow!" |
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I agree leh.... Dow also not very strong. I think there will be a period of cooling off first. Plus now that the GST hike has come into play, it may act as a damper to the stock market. |
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hmm3101
Member |
30-Jun-2007 15:23
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my 2cts worth...I m not very optimistic...there are signs of weakness appearing...should be caution and stay alert...it is just personal view...not inducement.. | ||||
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domlim88
Member |
30-Jun-2007 12:02
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well....the dip is expected and probably people taking profit for window dressing for the half-year reports. the implementation of the GST is probably going to cause people to spend more and that is a good thing for corporate profits. So, I believe the STI still has room to climb what do u guys think? | ||||
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Manikamaniko
Senior |
30-Jun-2007 11:16
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x 0
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Singaporegal.... :) |
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ed88ks
Senior |
30-Jun-2007 11:11
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STI drops 67 pts for the week, but gains 19% in H1
By R SIVANITHY SENIOR CORRESPONDENT A DOWNGRADE on Singapore in favour of Taiwan by Citigroup, large swings on Wall Street and China, and half-year window-dressing of the Straits Times Index - these were the salient features of trading this week insofar as blue chips were concerned. As for second-liners and penny stocks, the forces influencing their movements were similar but slightly more varied. While swings in the index because of external shifts undoubtedly had an effect, equally important were the efforts of syndicates, manipulators and house traders. Citigroup's downgrade came early in the week and was based on the argument that valuations were overly expensive, both historically and relative to under-owned and laggard markets like Taiwan. One valuation benchmark used was price/book value, which Citigroup said is the highest in 17 years. The foreign house concluded that the upside from here on for the rest of the year is limited and said that despite Singapore having plenty of things going for it, the stock market is not one of them. Technical analysts agreed with the gist of this report - UOB Kay Hian, for instance, said a chart breakdown not just for the ST Index but also key stocks such as the banks suggested selling into strength was the preferred option. The release of the Citigroup report coincided with heightened nervousness on Wall Street stemming from continued problems associated with the collapse of the sub-prime mortgage market and its impact on US banks. In addition, latest economic news has not been encouraging - US first-quarter growth of 0.7 per cent released on Thursday was the lowest in four years. The US Federal Reserve, in the meantime, opted to keep its short rate unchanged at 5.25 per cent after its Open Market Committee meeting on Wednesday and Thursday. China, meanwhile, continued to swing between bouts of extreme bullishness and bearishness. Daily moves in either direction of 3-4 per cent were common and on Thursday, the top-to-bottom swing was 7 per cent after the government announced a US$200 billion bond sale which could suck liquidity out of the stock market. The coinciding of these factors brought the ST Index down between Monday and Wednesday, but a rebound ensued on Thursday and Friday because Wall Street stabilised. Also helping to prop the index up was the customary half-year window-dressing by funds aiming to shore up their performance. In yesterday's session, property stocks and Jardine group were the obvious targets, though oddly, not the banks. CapitaLand, which is one of the partners involved in the $1.5 billion en-bloc purchase of Farrer Court, was the biggest gainer when its shares shot up 40 cents to $8.10. Property player Wing Tai's shares enjoyed late support, finishing 18 cents higher at $3.98 after selling for $3.92 at 5pm. The upshot of all this: The index rose 9.97 points to end the first half at 3,548.2. For the week it lost 67 points, but for the first six months it has gained 563 points or 19 per cent. |
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singaporegal
Supreme |
29-Jun-2007 22:29
Yells: "Female TA nut" |
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x 0
x 0 Alert Admin |
Dow is up strongly on open. Hopefully this translates to a good week next week for us. | ||||
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teeth53
Supreme |
29-Jun-2007 19:51
Yells: "don't learn through life, learn to grow with life " |
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x 0
x 0 Alert Admin |
About our own STI. Angmo is tying hard to sell down saying our STI has gone over the roof, then OCBC hit back and said Who said.... Singapore economic is still doing all rite what...will still see some room for STI to move up throu..it take abit of effort, but not in a straight line. | ||||
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