Straits Times Index   

STI

More than 1 billion shares traded today! I think the bull market is still here.

 

"Riverstone IPO"


Heard the big boy are coming in tomorrow to pick up some goodie.


Bought 10 lots at 0.305 just in case.


good luck


shortise beware, my guess closing at 365c

 

primary still uptrend.

 

My synear up up up!!! Haha...Good boy!

 

That's what I thought. But I am thinking what other news can push the STI up further? What are the fundamentals?

 

An excuse for profit taking due GDP, nikkei and HK but over react yesterday.

Today recover some ground, I think is normal.

 

Now 544 millions shares traded on SGX already.

Not too bad lah...

 

volume seen abit sluggish and almost all of the top volume counter is penny stocks. Careful with your entry.

 

Glad that the STI is positive today! But lets still be cautious... see what happens in the afternoon.

 

Hi Cashiertan, anyway i find your post quite interesting with your  invaluable inputs. I m not scare actually but speaking on neutral ground. Taken profit for my CHT leow..haha. Fantastic morning. Will bur synear later!!

 

hey i am glad i am wrong and hope i stay wrong till the end of the trading day. Cheers bros

 

Was thinking STI was "oversold" yesterday. Hence there should be minor 'correction' this morning. Afternoon will have to look for new clues....

 

my pick is red or flat. main players should be in the sideline watching and enter when trend is confirmed.

DOW should be cluless this week...Yes dip is as what some analyst said. real support is not there for the rally. DOW may even dip tomolo. MFI has shown that real money has flown out since last monday and recent rally may be just retail players' orgy. Thus dipping is the more likely scene this week.

 

My pick, STI should be a green day, and tech shares from Singapore should recover too...

 

Quite clueless on STI's performance today cos US market ended mixed with light volume (Thanksgiving coming).

Should be looking to Japan as Nikkei dived 2% yesterday - though tech should be stable.

My guess - A Green Day for STI today after yesterday's huge, but timely correction. :)

 

For those who believe in timnig the market you may want to read the following books :-

(1) How To Trade in STOCKS - Jesse Livermore (McGraw Hill) $37.75*

(2) All About Market Timing, The Easy Way To Get Started - Leslie N. Masonson (McGraw Hill) $36.23*

(3) If It's Raining In Brazil, BUY STARBUCKS - Peter Navarro (McGraw Hill)

* - 10% discount from Times if you're a member; Harris (next to Popular Bookstore @ Orchard MRT) offers 20% discount for any 2 books purchased

The above three books offer very interesting insights  on trading/investing in the market; they also highlight how one could trade/invest by timing your entry or exit into/from the market whether you're a TA, chartist, value investor or a fundamentalist .....

Happy reading...... & good luck.......

 

Today's correction is due to Nikkei's plunge and our worse-than-expected GDP data.



It's just one day of fall, can't say the rally is over. If STI falls for a few days, then that's different.

 

US market is FLAT now ... short trading week in US this with Thanksgiving this Thursday.

Timely that STI corrected today after so many record breaking last few weeks. A good excuse for profit taking due to short US trading week and S'pore GDP fell short of expectation as announced today.

Relax, but trade with care ya ... Its still November. :)

 

Hi thanks guys, my posting are frankly from what i see and feel w/o anything to cover. if i see it as bad , i will say bad and vice versa.

Personally, i find STI has a stage but funny character. It tend to overreact to bad news from DOW or Nikkei and underreact on good news from DOW.  maybe, it is small thus easily contolled by a few big boys. when this few big boys think it is down, it goes down alot.  Just like today's dip, i was expecting maybe 0.5% - 1% dip rather than 1.5% even as the DOW futures is pointing down, it is overeacting from the Nikkei Selldown. Now DOW and Europe is in green, i wonder what's next.. STI is like Penny Stocks.. Doesnt work really well with TA or common sense. 

 

Cashiertan point of view is valuable, consider as a good guide or information for others. Exchange point of view is good. This is the purpose for us to participate in this forum. Reader can absorb the information if they agreed with it. or give the counter opinion or ignor it if they are disagree.