Right Timing

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

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

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

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.

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

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

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

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.

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.

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.