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STI to cross 3000 boosted by long-term investors
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handongni
Elite |
12-Dec-2013 20:42
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aiyo you master ask this type of question, 5:04:59 and 5:05:00 just split second a lot of thing can change one, you know or not, aiyo.
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WanSiTong
Supreme |
12-Dec-2013 20:24
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x 0
x 0 Alert Admin |
How come STI now become 3059, down 1.7 pt ?.......Ya... I saw it was green around 5.05
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Octavia
Supreme |
12-Dec-2013 17:20
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x 0
x 0 Alert Admin |
Still I think it is abt 3.4% deficit for the year
These taper concerns have led most investment houses to recommend a " buy" on developed markets which are expected to lead global growth next year. Most of these recommendations, while rating Wall Street and Europe as an " overweight" , have also rated Asia as an " underweight" .
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GorgeousOng
Supreme |
12-Dec-2013 17:17
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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x 0
x 0 Alert Admin |
Expect the unexpected !!! Cheers!!!🍷 🍷 🍷 🍷 🍷
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BullsAndBear
Veteran |
12-Dec-2013 17:10
Yells: "I come at the turn of the tide " |
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x 0
x 0 Alert Admin |
STI ended up slightly in the green today LOL! That's against a sharp correction in the US markets. While holding up the 3,060 support, candlestick analyse suggest that a hammer formation in place. Would this be a reversal for the STI ? If there is a bullish candle stick tomorrow, we might be in for a trend reversal haha! | ||||
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Octavia
Supreme |
12-Dec-2013 17:08
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x 0
x 0 Alert Admin |
Have yrself a nice holiday. Huat arh!.
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GorgeousOng
Supreme |
12-Dec-2013 16:53
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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x 0
x 0 Alert Admin |
Thank you for your quick info!!! I can have longer holidays!! Cheers!!!🍷 🍷 🍷
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Octavia
Supreme |
12-Dec-2013 16:47
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US poised for stronger growth in 2014, Fed to taper by March: Reuters poll
 US growth is set to accelerate in 2014, giving the Federal Reserve room to start dialing back its massive monetary stimulus, certainly by March, according to a Reuters poll.
From employment to consumer spending and housing, the foundation is being laid for sustained strong growth, economists said when surveyed. " The fiscal restraint in 2014 will be significantly less than in 2013," said Ryan Sweet, a senior economist at Moody's Analytics in West Chester, Pennsylvania. " Uncertainty has hurt the economy over the last few years and as it fades, that should provide a lift to growth next year." The poll of more than 60 economists taken this week forecast GDP growth stepping up to a 2.5 per cent annualized rate in the first quarter of 2014, reaching 3 per cent by year-end. |
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Octavia
Supreme |
12-Dec-2013 16:42
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x 0
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Tokyo: Stocks close 1.12% lower
 Tokyo stocks closed 1.12 per cent lower Thursday as investors turned their focus to next week's Federal Reserve meeting, with speculation growing that the bank will scale back its stimulus programme.
The benchmark Nikkei 225 index eased 173.24 points to 15,341.82 and the Topix index of all first-section shares slipped 0.66 per cent, or 8.22 points, to 1,242.23. - AFP |
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WanSiTong
Supreme |
12-Dec-2013 16:39
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My Market View The views expressed here by the contributor does not belong to ShareJunction. Daily Market Opinion for 12-Dec-2013 Contributed by Jay Chia 12-Dec  Daily Market Opinion for 12-Dec-2013 STI continues to trade on the red yesterday as market participants continue to exit the market in fear of further selling pressure. 3080 support level failed to hold as support despite positive closing from DJI on the previous day. STI opened flat and struggled to keep its heads above 3080 level. Weak HSI opening caused STI to sink beyond 3080 level. Selling pressure continues to dominate the market for the rest of the day pushing STI below 3060 level. Before closing, there were some bargain hunters in the market to support 3060 level. Hence, STI was able to close at 3060 level yesterday with 20.98pts down. Last night, DJI plunged 129.6pts down. Will STI continue to face selling pressure today or has it hit a good support for rebound? The bearish momentum now is very strong for STI as multiple support levels were broken during the past few sessions. Possible lower low formation levels were mostly broken too. Hence, this indicates that STI is going for a sharper downtrend movement than earlier expected. Short-term indicators continue to remain bearish despite indications of oversold. 3080 support level was being breached and 3060 support level was being tested yesterday. With such magnitude of bearishness, 3060 support level might not even be able to hold well as support. Next support level for STI stands at 3030 level. This support level might be tested today if STI fails to hold at 3060 level. The banks dropped deeply yesterday as they fails to hold their support. Dbs broke its 50 & 100ma support line and it is now testing its horizontal support at 16.50 level. With its current bearish momentum, Dbs will likely to seek its 200ma line at 16.40 level today. Ocbc fell further yesterday and even broke its weekly support at 9.85 level. Breaking of this support will likely to trigger more selling pressure into Ocbc. Next support around 9.67 level will likely to be tested. Uob suffered the most selling pressure yesterday which eventually causes it to break its support at 20.30 level. This bearish movement will likely to continue to push Uob towards its next support at 20.00 level. Overall, the banks are likely to continue to trade lower today. The properties continue to slide lower yesterday. Capitaland continues to inch lower after breaking its support at 3.00 level. The selling pressure was gradual but Capitaland will likely to continue to seek for its support at 2.92 level today. Citydev suffered strong selling pressure yesterday. Its support at 9.70 level was broken easily and it will now seeking for its next support at 9.53 level to test it. Kepland also broke its support at 3.40 level and continues to trade lower. Its next support stands at 3.32 level and it will probably be testing this support level soon. Overall, the properties are likely to show further selling pressure today. In the current strong bearish environment, the offshores were able to remain steady and shed some points. Kepcorp was down by 2cts only as it held its support at 10.85 level. Kepcorp will likely to continue to test this support level but if it fails to hold at this support, it will be sliding further towards the next support at 10.70 level. Sembcorp continued its downward movement and hit its support at 5.20 level yesterday. With its downtrend momentum, Sembcorp might break this support and head for the next support at 5.10 level. Sembmar continues to trade downwards slowly. 4.30 support turn resistance is holding well yesterday and Sembmar have to choose the downward path. Immediate support level of 4.25 level will soon be tested. Overall, the offshores might be running the risk of catching up by breaking their support levels today. The commodities have started to shed points yesterday. Noble grp failed to break its resistance at 1.05 level and started to break its 50ma line. Lower high formation might have formed and Noble grp might be testing its support at 1.01 level and possibly break it. Next support level that Noble grp might be reaching will be 0.97 level. Indoagri broke its support at 0.90 level yesterday and this will likely to lead to further selling pressure in Indoagri. Its next support at 0.85 level will be tested soon. Golden agri failed to go beyond 0.56 level yesterday and suffered selling pressure. This led Golden agri to test its support at 0.54 level yesterday. Attempts to rebound from 0.54 level might be seen. Overall, the commodities will continue to show some selling pressure today till their support levels are being tested. In conclusion, STI might not be able to rebound soon as its key support levels were being breached. 3060 support level was holding STI yesterday but it is unlikely to hold today. This is because various sectors like the banks, properties and commodities will show further downside risk. If offshores sector is to break its support, further selling pressure might set in. Therefore, 3060 level will unlikely to hold today and STI will likely to seek for its next support at 3030 level today. Long traders should continue to stay aside. Shortists can continue to ride on the downside currently but adding new short position might not be wise. |
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Octavia
Supreme |
12-Dec-2013 16:37
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HK: Shares hit four-week low, China property sector sinks 
Hong Kong shares sank to their lowest in almost four weeks on Thursday, with the Chinese property sector hit by worries about China's 2014 growth target and continuing speculation the US Federal Reserve is poised to start paring its asset purchases. The Hang Seng Index ended down 0.5 per cent at 23,218.1 points, while the China Enterprises Index shed 1 percent. Both are now at their respective lowest since Nov 15, the day that Beijing unveiled details of its bold reform plan.
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WanSiTong
Supreme |
12-Dec-2013 15:47
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x 0
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人 生 最 大 的 榮 耀 ， 不 是 永 遠 不 敗 ， 而 是 屢 敗 屢 戰 。 無 論 成 功 失 敗 ， 盡 力 就 對 得 起 自 己 。  |
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investingtalk
Member |
12-Dec-2013 14:52
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x 0
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Is bubble forming in US market?Despite the stock market moving into record territories, former Fed Chairman Alan Greenspan said recently that he does not see a bubble forming in the US market. He also said that economists that are forecasting the US economy to grow by 2.5% to 3% next year may be too optimistic.Many will still remember that in 1996 Greenspan used the words " irrational exuberance" to describe the market bubble. The market did collapse, albeit only a few years later after the dot.com bubble burst. The stock market is now 140% higher than when Greenspan made those comments, although the earnings of the market has also picked up significantly in the last 17 years. Looking at current market levels, it seems right to say that while it is not in " bubble" terroritory, valuations do look a bit stretched by historical standards. * The market proxy is a basket of 20 large cap stocks in the US market that is tracked. This proxy is a good mirror image of the entire US market as represented by the S& P 500. To view the valuation chart go to http://www.investingtalk.net/is-bubble-forming-in-us-market.html or https://www.facebook.com/investingtalk |
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risktaker
Supreme |
12-Dec-2013 13:42
Yells: "Posts are opinions. Do not take it as investment advise " |
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x 0
x 0 Alert Admin |
Hph trust......ang mo jp morgan report out....buy call... to view http://www.3sharetrader.com/viewtopic.php?f=25&t=115 | ||||
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BullsAndBear
Veteran |
12-Dec-2013 13:38
Yells: "I come at the turn of the tide " |
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x 0
x 0 Alert Admin |
A hammer candle stick seem to be forming today. Together with RSI indication in oversold territory, a reversal maybe on the way ! Watch out to see of today's closing validate the pattern. | ||||
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Shirleyfong88888
Veteran |
12-Dec-2013 12:49
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x 0
x 0 Alert Admin |
Like 万 事 通 update!
Hope STI rebound. Huat Arh! |
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WanSiTong
Supreme |
12-Dec-2013 10:00
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x 0
x 0 Alert Admin |
STI after straight 7 days fall, it may have a technical rebound today! | ||||
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Octavia
Supreme |
12-Dec-2013 09:50
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x 0
x 0 Alert Admin |
If tonight Dow still dwn....means later we will drop ahead again
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Wisely
Senior |
12-Dec-2013 09:21
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x 0
x 0 Alert Admin |
Somehow i got this feeling i am the cai tao here. We going to see STI heading below 3000 liao | ||||
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luminol
Senior |
12-Dec-2013 09:11
Yells: "Correlation does not imply causation." |
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x 0
x 0 Alert Admin |
Looks like 2999 is near... Merry Christmas everyone. | ||||
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