STRAITS TIMES INDEX TVC:​STI

Since my last call to short (on my blog and during my events), the STI has fallen about 5.5%, and has corrected 13.3% from the highs. This is the reason why I am bearish on Singapore stocks and have liquidated my portfolio a long time ago to focus on the US markets. I have a feeling price will continue falling until the 3000 support level. I will be watching to ...

Supporting Technicals: 1) Classic Support turned Resistance 2) MACD Possible failure to break above zero line Risk: Above analyst fails if STI breaks above downtrend line

If current trading maintains and STI closes wit a Hammer pattern. STI is high a high probability of rebounding and testing its immediate resistance zone at 3,340-3,360. Currently STI is trading at a support-turned-resistance level of 3,270. A break above 3,360, will see TVC:STI trades towards 3,400.

As the trade war between US and China intensifies, general markets in Asia get the ripple effect too. STI has dropped around 5.40% and is now trading around 3300 region. If you're feeling worried because of this drop, you better be. If you're feeling happy because now you think you can buy at a cheaper price, you better don't. Now, why do we say so? If you're ...

Hey everyone! So if you take a look at the daily chart of the Straits Times Index, it breaks not only the bullish trend line but also the 9-Day Moving Average. That validates the end of bull direction in my opinion, unless it goes the other way around, or sideways.