I have updated my blog with a new look and new feel, I hope you will like it. Now, I shall start to resume my posting on this site now!
Let’s take some time to look at the Singapore STI today.
My last post on 31 May showed that Singapore Straits Time Index (STI) enjoyed a bull run so far. STI upward bull run was cooled off last week with a pennant like consolidation pattern. Finally, STI dived 2.61% downward and the upward trendline was broken today.
Singapore Straits Time looks to have similar trend as Hong Kong Hang Seng. I observed an upward trendline. The market managed to trade higher last Friday to create a cheerful start for the new year 2009. We have seen many market was having a good start last Friday.
Do you think this upward momemtum will lead to a bull run?
We were seeing Asian market hitting resistance last week. I shall now take a quick look on Singapore Straits Time Index stock market trends now.
Let’s take a look at STI immediate support now!
After analysing the stock market trends of Dow Jones, Nasdaq and S&P indices. US market seems to be in the sideway market. But how about Asian markets? Where will it move and how’s the stock market trends here. Hong Kong and Singapore are two of the important stock markets here in Asia. I shall be looking at them here.
Let’s take a look at the Singapore STI and Hong Kong HSI now.
My last stock picks on Singapore stock market was Parkway and Yanlord. I have seen Singapore stock market has also going bearish today after the market condition seems to deteriorate in US.
I will not do a through analysis on each stock today as I am a bit tired. However, I will just post them here or your reference such that you can take a deeper look into the following stock picks of the day on Singapore stock market.
We have seen that the US Dow Jones market trends is heading downwards. S&P500 & Nasdaq is also having the same bearish pattern as well. The US down trends will definitely spill over to the Asian market soon.
I am looking at some stock picks on Singapore market today. I have found Parkway and Yanlord offering good reward/risk ratio.
After selecting a few stocks to monitor on New York Stock Exhange (Stock Picks Part 1 & Stock Picks Part 2), I am using the same screening method to look for stock picks on Singapore Exchange.
Let me just repeat my stock selection rule. These stocks are trading very near to the resistance level now and likely it will dive down again if the resistance holds.
