Right timing
20 Apr 2019
SINGAPORE (Apr 20): There has been little change in the trend and chart pattern of the Straits Times Index.
The index has been on a very glacial ascent towards 3,420, the target indicated when the index broke out of resistance at 3,190 in mid-Jan.
Quarterly momentum eased during the past four trading sessions. The 100- and 200-day moving averages have turned positive.
This coupled ...
(Apr 12): The Straits TImes Index is likely to continue its gradual ascent towards 3,420, the target indicated when the index broke out of resistance at 3,190 in mid-Jan. Medium term indicators are supportive and moving averages are strengthening with the 100- and 200-day moving averages are forming a positive cross.
Other trend-following indicators such as ADX is rising and the DIs are ...
SINGAPORE (Mar 29): The Straits Times Index stayed remarkably stable despite volatility in global markets. Its level is unchanged week-on-week. The 50-day moving average is also unchanged at 3,217. Although quarterly momentum continues to drift sideways, the increasingly positive stance of the moving averages is likely to support the index. ADX continues to fall and is at a one year low, at 10. ...
SINGAPORE (Mar 23): Although quarterly momentum appears ambivalent as it is consolidating beneath its own moving average, prices are intact. They have established support at the confluence of the 50- and 200-day moving averages which are moving into an increasingly positive stance at 3,217 and 3,186 respectively. The index may well be able to regain its 50-day moving average as short term ...
16 Mar 2019
SINGAPORE (Mar 16): The Straits Times Index drifted lower during the week and is now supported by the confluence of the 50- and 200-day moving averages at 3,204 and 3,192 respectively. A break below this level is unlikely as down-momentum is weak. This is evidenced by falling ADX which is currently at 15. The DIs are negatively placed. Short term stochastics is approaching the low end of its ...
02 Mar 2019
SINGAPORE (Mar 2): The market could continue to consolidate in the near term. Quarterly momentum has encountered resistance and turned down.
However the rally by the Straits Times Index that started in Dec is still in force as the index remains above its moving averages and momentum remains in positive territory.
The 50- and 100-day moving averages are positively placed, and the index ...
SINGAPORE (Feb 22): The recovery by the Straits Times Index that started towards mid-January is likely to continue despite short term hiccups. Quarterly momentum is in rising mode, the 50- and 100-day moving averages are positively placed, and the index remains above its 200-day moving average.
ADX is rising and the DIs are positively placed. Interestingly annual momentum has stabilised ...
SINGAPORE (Jan 4): On the face of it, the Straits Times Index had a rocky start to the year. The index remains below its 50-, 100- and 200-day moving averages. However, the STI managed to hold above its one year intra-day low of 2,955.
Short-term stochastics has turned up from the bottom of its range and 21-day RSI has rebounded off a support level. Quarterly momentum remains weak but the ...
STI and short- and medium-term indicators have stabilised
Quarterly momentum languished during the past four trading sessions, but remains above a resistance and its own moving average. In addition, ADX is neutral after a period of being negatively placed. The 21-day RSI remains intact.
The Straits Times Index (3,052) remains within a tight range as volume dwindles. However, since medium- and ...
SINGAPORE (Nov 9): The Straits Times Index approached its declining 50-day moving average when the moving average was at 3,141 and the index closed at 3,116 on Nov 2. However, the STI has since retreated. The 50-day moving average is currently at 3,131. Quarterly momentum has faded somewhat. It remains in negative territory, and could ease from its current level.
Short term indicators continue ...