Tuesday, February 8, 2011

STI - Feb 7

Today, the STI market fell about 0.6% to end at around 3190. A large ugly black bearish candlestick is seen. From the chart, STI immediate support is given by the 100dma at around 3185, which would likely be tested tomorrow. Trading volume was 1.39bil, a rather low figure...

Personally, I think that the Singapore market still has much upside and there may be positive spillover from the US and European markets which (at the moment) are doing very well - DJIA up 80 points.

Oh well... enough said. Time will tell and lets see how the market performs this week. =)

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