STI

STI Sept 2016
STI Sept 2016

It’s been awhile since we updated the blog, sorry for radio silence and thanks for all your concern and checking in. We’re well just trying to get up to speed with all these change of blog address. We’re not the best at this so it took us awhile.

Well, we all know that over the weekend dow dropped close to 400 points!! What a shocker eh. Now what will happen to our STI, we might be expecting some downside movement to come in due to the drop and foresee some downside to 2844 then eventually that uptrend line which also sits nicely with the 200ma.

If there is any upside, we might see it to 2900, currently we feel that STI has more downside pressure.

Yours
Humbly

STI

STI reached our downside target as blogged on sunday. Of course we didn’t expect it to go down so fast within just a day. Remember its slow and steady for us =) .

We’re watching now to see if the support breaks and come down to the 200ma at 2803.

Yours

Humbly

STI

Following up from our previous post of STI

http://singaporehumblestock.com/2016/08/23/sti-9/

It has hit our target of 2880 or rather just one point shy of 2880 at 2779 and started coming off. STI might be in a slight range bound but we might see more downside. Looking at 2848 as first support and maybe to 2820 then.

Have a blessed week ahead

Yours

Humbly

STI

STI Aug 2016
STI Aug 2016

We’re looking at more upside for STI in the coming days. The last few days STI came down but wasn’t as weak and refused to come down and have a nice closing today too. With that we might take a long position and would hope for STI to move up towards 2880 in which we will re plan our position again. Our entry would be one pip above today’s high and stop loss at 2825.

 

Yours

Humbly

STI

STI Aug 2016
STI Aug 2016

STI came down to our target of 2833 and overshoot a little more to 2813. We shall now use that as our support. Currently its being resisted at the horizontal resistance of 2882. If that breaks we might see it start attacking that uptrend line and if it manage to regain its footing there then we might see it retest the high of 2960 again. Lets keep a close eye on it as S&P made new high so we want to move accordingly

Yours

Humbly

STI

STI July 2016
STI July 2016

STI came very close to our target of 2964 and started to retrace which we warned off in our blog. What will happen next? We drew some lines and  will share more of our humble view of the market  this coming thursday night with our lovely clients =) Hope to see you there.

Yours

Humbly

STI

STI July 2016
STI July 2016

Just an update, STI hit a day high of 2939 about 20 points away from our target. We were mentioning about the upside since 2834 and its good to take some profit along the way and now that its nearing our target its good to a little cautious now as market might have some profit taking even before it reaches the target. So our humble stance is always to take profit along the way and not to aim at the high and take all profit.

Yours

Humbly

STI, GLP and Singpost

Our last post for the night before we call it a night, we hope that you have following closely to our blog and would have been in the money with these few stocks and index that we have shared. =) Remember to stick to the plan and follow through ya. Protect your profits along the way too. Don’t always aim for the highest to take profit. Take profit along the way. That works for us. Hopefully that works for you too.

Yours

Humbly

STI

STI June 2016
STI June 2016

With all eyes on brexit, just an update on STI, if britain were to stay we might see STI moving up to 2845 area which then might be resisted. Around there we might have to wait and watch to see what happens then. If market continues to be strong then don’t short yet and follow the trend.

If britain exits then we might see more downside tomorrow to about 2722 level..

Yours

Humbly

STI

STI June 2016
STI June 2016

It was an interesting day today, STI opened up looking promising and even turning positive at one point and we were watching closely to see if it can stay above the uptrend line. Hours past and finally it couldn’t hold and gave up whatever gains and closed down 17 points. It is currently below the uptrend line and with that we might see more downside to 2700. A stop loss would be at 2800 because if it crosses above that it might start to cover the gap.

Bank stocks might be worth taking a look for short too, OCBC , DBS are some of our candidates. Do do your own diligence too ya. We updates on the banks shortly

Your

Humbly