Singapore Straits Time Index – [ Good To Pay Attention]

8th September, 2017, 1:09 AM

Singapore Straits Time Index  – [ Good To Pay Attention]STI

Many have been asking our view on the Straits Time Index so we’ll just share our humble view.

From a technical perspective, we can see the 20ma cutting the 50ma from above and this hasn’t happen for a year. Adding to that September is a seasonally lousier month for stocks. We would like to er on the side of caution and not be heavy long in the market yet until a clearer sign is shown. Trump’s tax reform and North Korea missile test are some factors holding the market hostage.  The Moving Average are now acting as the resistance so unless a break above those could be strength to us.

We can see that whenever the straits time index try to rally, the rebound gets a little weaker and its starting to form a lower high in that sense. Recently it tried to break above 3250 but failed. Its support is currently around 3225 region and a break below that could send it down to a strong support of 3200 area first.

Market is also frustrating as its up one day and down the other. We advise looking at individual chart as some stocks are still displaying some strength.

This is just a short sharing but feel free to Contact US if you like to discuss more.

Yours

Humbly

Kelwin&Roy

STI- [ No Action Taken Yet]

18th July, 2017, 12:09 AM

STI- [ No Action Taken Yet]sTI

Our Straits Times Index or STI had a huge run on Friday partly due to the huge gap up for GLP which enabled it to break through the consolidation it had  for the last 2 months. It broke the horizontal support and could now be aiming for 3300 then 3350.

Admittedly there was no chance for any shorts as STI just burst up but of course we managed to look for other counters to ride the upside.

STI didn’t follow our plan so we’re saved this round. Remember its always important to have a trade plan. We’ll share more this coming Wednesday on how important is it to have a proper road map and trade plan in order to trade well.

Click HERE to register for our upcoming workshop.

Yours

Humbly

Kelwin&Roy

Straits Times Index – At A Pivotal Point

13th July, 2017, 12:24 AM

Straits Times Index – At A Pivotal PointsTI

We’ve been asked by many on our views on the straits times index or STI for short and thought we’ll just do a short sharing over here.

From our chart the immediate support of STI would be around 3200. Many eyes are on it and the moment it stays below that, it might attract  shortist to come in.

STI has been ranging between 3258 region and 3200 for the last 2 months with no real direction. So if a break were to occur this might set the tone for a pullback. The 20 days MA is sloping down and have cut the 50ma too which in a technical term means the direction might be down. This hasn’t occurred since late last year. Dow, Nasdaq all have been making new high but our Straits Times Index hasn’t seem to make any new high.

With each rebound STI can’t seem to break out too. So lets watch to see which levels play out. We got our next few levels of support drawn. And would be ready in the case if STI starts to fall. The 200ma would be our final support. The banks which have largely been supporting the STI also seems to be pulling back.

We’ll be using Poems CFD and did you know that poems is the only stockbroker in Singapore that offers the Straits Times Index for trading? =)

If you want to learn more about Poems CFD and how you can be trading the STI both long and short. Just click HERE as we’ll be having a seminar next Wednesday show casing our CFD and some of our strategies.  Hope to see you there.

Yours

Humbly

Kelwin&Roy

 

STI – 3249 Closed Right On Our Target, More Upside Might Be Possible

11th May, 2017, 1:10 AM

STI – 3249 Closed Right On Our Target, More Upside Might Be PossiblesTI

STI (Straits Times Index) hit our target and closed right on it since our blog post on 2nd may . Our next possible target could be 3288 area.Do remember to plan your trade and take profit along the way

Some have asked where and how to trade the Straits time index and we are happy to say that at poems is the only stock broker in singapore providing traders with the Straits Time Index CFD.

Just drop us a mail and we’ll be glad to show you how you can participate in this exciting index.

Yours

Humbly

Kelwin&Roy

STI – We Are Corrected

2nd May, 2017, 11:01 PM

STI – We Are Corrected sTI

Back on 19th April when we posted regarding the Straits Times Index (STI) we were looking for a correction to start. Well it went down 21 points and start to show strength again. Not much of a correction eh.

Now for the first trading day in May it has broken that 3190 horizontal resistance and marched on to 3215 which is another resistance. If it manage to overcome that we might see it cover the gap and move towards 3249 area. Well, admittedly we were hoping for some sort of correction to come so that we can look for lower entry but market doesn’t seem to present that yet.

The index was being pushed up mainly by our three local banks so it’s not a broad based rally which is a little concern for us. We’ll be going into May being a little careful and remember to be flexible. Though the saying sell and go away in may is on the cards we would still want to see the charts before making a move.

French election, korean tension could be some news that might hurt the market.

Yours

Humbly

Kelwin&Roy

STI – Broken Below the 20 Days Moving Average

22nd March, 2017, 10:50 PM

STI – Broken Below the 20 Days Moving Average

The STI or straits times index has caught our attention because it has finally closed below the 20 days moving average.

From the chart we can see that the STI has stayed above the 20 days moving average for the last 3 months and even when it tried to break down it managed to rebound from it. But for today things look a little different. STI has finally closed below the 20MA hence we should take note of it.

It also coincides with our uptrend line and the horizontal support lines. With that we might be looking at further downside if those support breaks. The STI component stocks or blue chips would be the one leading the STI downwards so one can either short the STI or look for the component stocks to short.

We’re looking at the next support of around 3076 and will update further according to market condition. We’ll use poems CFD to short the straits time index.

Yours

Humbly

Kelwin&Roy

STI

29th November, 2016, 12:50 PM
STI Nov 2016
STI Nov 2016

Many have been asking about the direction of the STI. So we decided to share our humble inputs. As you can see STI is currently being tested by that downtrend line we drew for the third time and at the same time was also resisted by that short term uptrend line. What might happen is that it could retrace back alittle to test the middle band and from there we got to see if the support holds or break. We’ll only take position to go long if the longer term downtrend line is broken.

Will give more updates on STI in the coming days.

Yours

Humbly

STI

3rd October, 2016, 2:25 PM
STI Oct 2016
STI Oct 2016

STI, currently being resisted by the downtrend line and being supported by the 50ma. What we would usually do is to short and the resistance or short when it breaks down a support. We would cover if it stays above the downtrend line.

 

Yours

Humbly

STI Update

15th September, 2016, 12:37 PM
STI  Sept 2016
STI Sept 2016

Its 3 more working days to the start of the upcoming fed meeting on 20th sep and we have seen the STI following our plan and dropping to the 200ma which is also the uptrend line. Hope you guys enjoyed the ride down together with DBS and SGX. =)

Whats next? As the meeting looms, we would prefer to go light and adopt a wait and see approach. Remember even after the meeting it doesn’t mean that markets will be stable too. If there is no hike and market rally would that be good? Does the underlying current means that the US economy is not that good? Is that something to cheer about??
If there is a hike would it be good for the market? It might have a short term pullback then start to move up?
Lets not get ahead of ourselves. We would prefer to see the chart and look for clues in it.

If STI were to break that uptrend line we might see it head towards 2722 area. We won’t be going too heavy and market is still in an overall sideway trend. So a rebound could be in place after that.

Yours
Humbly

STI

12th September, 2016, 2:57 PM
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