Singapore Stock Market Updates on 28/12/11
By SGX Warriors
NoticeBoard
Here's daily updates on SGX Warriors...
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It hasn’t been a smooth sailing period for us. Indeed, we suffered from the uncertainties and have yet to fully recover from the drawdown.
Life is not a bed of roses. Everyone has barriers and obstacles, and indeed, the journey of investment is full of hurdles. Nonetheless, we take setbacks in our stride…
“Real optimism is aware of problems but recognizes solutions,; knows about difficulties but believes they can be overcome; see the negatives, but accentuates the positives; is exposed to the worst but expects the best; has reason to complain, but chooses to smile.” - Quoted from William Arthur Ward
Singapore Stock Market Updates on 21/12/11
By SGX Warriors
US market rally after a solid report on November housing starts. Asia market join in, with strength for exporters and resource firms, as renewed optimism about the health of the global economy boosts risk appetite.
However, Bank of Japan says economic recovery 'paused' and keeps policy rate unchanged. We suggest investors to stay sideline for the moment as market tends to be very choppy. With great uncertainty lying ahead before 2011 ends, we believed that market is consolidating. On the long term chart, market is pointing on the downside with resistance at 2700. A break down of 2600 will mean more downside for the market to challenge 2500.
Sentiment --> Bearish
Singapore Stock Market Updates on 13/12/11
By SGX Warriors
Asian shares slides, with exporters and technology firms putting in a weak performance. Stocks in the US market decline after Moody's Investors Service said it would review the ratings of euro area countries.
We did mention before that market is likely to be choppy and we do expect wild swing from the US market. 2800 is a strong resistance level. As market is more biased on the downside, we see resistance level at 2750 as well.
Market gaps down and trades below 2700. If 2700 cannot be reclaim, 2700 might have already turn resistance.
Property sector, in particular, is bearish after government introduced a string of cooling measures.
Sentiment --> Neutral (biased on the downside)
Singapore Stock Market Updates On 7/12/11
By SGX Warriors
Asian shares rise, with optimism returning ahead of this week's crucial European meetings after a report that a second rescue fund may be available. Market tends to be choppy. Light volume is expected during last month of the year as most fund managers are off the desk.
2800 is the resistance for now. To observe whether 2800 will be broken eventually and sustainable.
For investors that have no positions currently or no time to monitor, standing sideline is the best option. For those that had positions, please execute cautious and leave the market fast when due course.
Sentiment --> Bullish
Singapore Stock Market Updates On 1/12/11
By SGX Warriors
Asian market join in a global rally as the central banks of the US, euro region, Canada, the UK, Japan and Switzerland agreed to cut the cost of providing dollar funding via swap arrangements, the Federal Reserve said, and agreed to make other currencies available as needed.
DJ had their best performance, soaring closing to 500 points, closing above 12,000.
For local market, STI managed to trade well above 2700, affirming that the break down of 2700 previously was a false alarm. We can expect market to trade above 2700 for now till year end but do bear in mind that market is still in downtrend for the long run. Any buying opportunity are short term and should be executed carefully and nimble.
Sentiment --> Bullish
Singapore Stock Market Updates On 25/11/11
By SGX Warriors
Market gapped down, with energy and banking stocks notable decliners, as ongoing concerns over Europe's debt crisis kept investor sidelined. As we are getting closer to year end, do expect that market volumes will be lower. However, with Euro crisis in the focus, we do expect market to be on the downside. Any long positions shall be traded with extra care.
Sentiment --> Bearish
Singapore Stock Market Updates On 21/11/11
By SGX Warriors
Asia shares lose ground on concern over Europe's debt troubles and lack of a US deficit deal. We did mention that a break through of 2750 will represent that market will head down even lower, testing 2700 support. From what we observe, market tested 2700 but bounced back. We expect market to be on the downside. Therefore, a break through of 2700 will be inevitable.
Sentiment --> Bearish
