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yah RSI pointing down. divergence formed. next week should be stormy week. the current bull trend is pretty strong as STI has been bouncing off the 14 days sma for 8 times. if trends is intact, should see a bounce off 14 days sma again. if it is broken, than expect big correction.
DJ MARKET TALK: S'pore Oct Mfg "A Warning Flag" -Economist
[Dow Jones] Singapore October industrial production data "a warning flag" but month-to-month data "remain volatile" so growth likely to remain on upward trajectory, says David Cohen of Action Economics.
Expects 10% manufacturing growth in 2006 should ease to "about" 6%-7% in 2007, supporting 2007 GDP growth near 5%, at center of government's 4%-6% target range.
Although growth trend appears intact, "people are wary" of slowing global demand, further data "bears watching," says Cohen. October industrial production
grew just 1.5% on-year vs Dow Jones poll forecast for 7.5% growth. (JRJ)
[Dow Jones] Singapore October industrial production data "a warning flag" but month-to-month data "remain volatile" so growth likely to remain on upward trajectory, says David Cohen of Action Economics.
Expects 10% manufacturing growth in 2006 should ease to "about" 6%-7% in 2007, supporting 2007 GDP growth near 5%, at center of government's 4%-6% target range.
Although growth trend appears intact, "people are wary" of slowing global demand, further data "bears watching," says Cohen. October industrial production
grew just 1.5% on-year vs Dow Jones poll forecast for 7.5% growth. (JRJ)
Mix signal but i predict rally to continue till end Jan 07.
I think STI may be on a slight downtrend now from its RSI chart. Will probably continue correcting next week slightly
STI down 0.8% today. I expect US market to chiong up tonite to close GREEN at 2am even though it's only half-day trading today! Watch out Monday ....
nope this just a casual friday dip. many close position to reduce risk and have a nice weekend.
And this is the correction.
Another new record close for STI at 2,838.48 today - all the 888s! Where's the ceiling now?
Also, good volume at 1.5b today, even when US market is closed tonite!
STI Still strong today!!
STI should do another new record run today! But it should be listless /flat tomorrow .......
Tech will surely do well again today! Shiok!
http://www.geocities.com/rbn_png/
a punters view on 10 reasons why the world economy will crash, and why people who buy stocks now are pigs.
If you think its too high, it will go higher and higher! And if you think it will go higher, it will starts to come down.
STI closed at NEW record high of 2,830.02 today!
Yes, December will be a quiet slow month due to hoilday season, but I don't expect huge corrections like those in May's rally this time round.
I think it's timely to stay in position for the 'Capricorn Effect' in January - when BIG investors return from the hoilday. They will start snapping up stocks 1st week Janaury to position themselves.
Also, January is the quarterly reporting month! Due to Christmas season spendings, we can expect better results.
For retail investors like us, I feel it's better to hold on to our postion to ride the expected January uptrend. If we clear our position in December, will we be able to catch the waves in January when the BIG boys load up? All these my opinions only. Trade with care ya ....
Today is the rise of the penny stocks. the sign of the beginning of the end of the bull?
good point.
remember to cash out on your short term UTs too..
read FSM forum and u see many kana caught during the May holiday.
STI is still strong and powering upwards.
However, December is coming and its going to be holiday season. I think next month will be a slow month.
One lesson I learned is that - if you're going on holiday, make sure you cash out all your stocks. You don't want to spoil your holiday thinking about them! :)
However, December is coming and its going to be holiday season. I think next month will be a slow month.
One lesson I learned is that - if you're going on holiday, make sure you cash out all your stocks. You don't want to spoil your holiday thinking about them! :)
Good Morning Cashiertan, would you mind to elaborate on your post please. Are you saying that STI is too high for now or there are other reasons for you to move to the US counters. Thank you.
Anyway guys, i am now pretty close to my target profit to obtained, in fact i was faster than i expected by a yr. after reaching my target profit, i will be moving form STI to US counters
Will not be touching SG stocks after this. Wish me luck guys.
Today's Asian market roundup below .... Good sign that that STI closed above 2,800 mark again today. Shiok!
http://www.marketwatch.com/News/Story/singapore-leads-regional-indexes-nikkei/story.aspx?guid=%7B5031DC06%2D7252%2D4287%2DAA45%2D4949747E0E30%7D&siteid=mktw&dist=TNMostRead
Got to thk DOW, Nikkei & even Hang Seng..STI is up at least for today.