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Right Timing

Selected index stocks strengthen keeping STI resilient; SPH still in play - THE EDGE SINGAPORE

Right Timing

Selected index stocks strengthen keeping STI resilient; SPH still in play

CapitaLand has strengthened, forming a white candle on Friday, March 5, accompanied by a notable increase in volume.

Interest in SPH driven by technical breakout, future REIT IPO and STI tests 2020 high - THE EDGE SINGAPORE

Right Timing

Interest in SPH driven by technical breakout, future REIT IPO and STI tests 2020 high

Singapore Airlines (SIA) was the best performing stock in our portfolio (see

Continued rotational interest buoys selected stocks  - THE EDGE SINGAPORE

Right Timing

Continued rotational interest buoys selected stocks

Penny stocks are still grabbing the limelight - albeit in rotational fashion, which is a boon for those who like to trade a lot.

Caution warranted with penny stocks at overbought highs as STI slumps  - THE EDGE SINGAPORE

Right Timing

Caution warranted with penny stocks at overbought highs as STI slumps

Selected penny stocks have been driven to new seven to nine year highs by speculative buying. Oceanus Group, which is still under the SGX’s watchlist, was queried by the Exchange on Feb 19.

STI’s support may not hold, rotational interest out of index stocks could materialise - THE EDGE SINGAPORE

Right Timing

STI’s support may not hold, rotational interest out of index stocks could materialise

The US markets have rebounded from their end-Jan volatility and the S&P500 is at a new high.

Volatility recedes as STI holds on to precarious support, blue chips lacklustre  - THE EDGE SINGAPORE

Right Timing

Volatility recedes as STI holds on to precarious support, blue chips lacklustre

Ironically, global markets, in particular US equity markets, appear to be inversely proportional to the “retail Reddit” stocks such as GameStop; AMC Entertainment Holdings, a cinema operator; and E

Weakness sets in for some of STI’s components  - THE EDGE SINGAPORE

Right Timing

Weakness sets in for some of STI’s components

The local market’s bellwether stock, DBS Group Holdings, has fallen below its 50-day moving average at $25.62. And, with its Jan 29 close of $25.18, DBS is also below a support range at the $25.30

Safer to err on the side of caution as STI’s support appears precarious - THE EDGE SINGAPORE

Right Timing

Safer to err on the side of caution as STI's support appears precarious

On Jan 27, the Chicago Board Options Exchange Volatility Index (VIX) shot up to 37, its highest level since 40, which it attained at the end of October last year.

STI consolidates as blue chips ease - THE EDGE SINGAPORE

Right Timing

STI consolidates as blue chips ease

Although the US and global markets experienced a Biden Bump on Jan 21, the sideways trend displayed by the Straits TImes Index resumed on Jan 22.

Rotational interest in index stocks to drive STI higher - THE EDGE SINGAPORE

Right Timing

Rotational interest in index stocks to drive STI higher

Index components continue to move gradually higher on a rotational basis. DBS Group Holdings broke out of a sideways range on the first trading day of 2021. It is now consolidating its gains.

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