Straits Times Index -[ Time For Pullback? Here’s Why]

9th April, 2021, 7:07 AM

Straits Times Index -[ Time For Pullback? Here’s Why]Straits Times Index 9th April 2021

Chart Source: Poemsview 9th April 2021

The Straits Times Index (STI) finished Q1 2021 with about 11% gain and its the strongest first quarter of calendar year since 2012. Best of all, our Straits Times Index which was the worst performing index in Asia last year have actually came in as the second best performer amongst the 18 global stocks index! WE got a fighting spirit eh!

The key driver for STI’s performance was mainly due to the banks which takes up about 40% of our STI.

From a technical analysis point of view our STI actually closed below the 5ema which it has been closing above for the past few weeks. Well, its not panic mode for us but this might signal some pullback that is to come in the next few days or so. A healthy pullback is also welcomed as investors now complain everything being overvalued or expensive.

Some healthy levels to pullback to might be the 20ema or even that uptrend line of around 3119. If STI manages to punch above the 5ema again and break out of the current 3220 zone then it might signal the continuation of the uptrend.




Straits Times Index – [ In The Midst Of A Pullback And Here’s What We Did Last Week!]

29th January, 2021, 7:14 AM

Straits Times Index – [ In The Midst Of A Pullback And Here’s What We Did Last Week!] Straits Times Index 29th Jan 2021

Chart Source: Poemsview 29th Jan 2021

Straits Times Index currently having a pullback from a high 3017 which might have come as a surprise for some but we’re thankful that our EXCLUSIVE CLIENTS were warned of this pullback last week. STI had moved up over 5% since the start of Jan and along with other  markets it looked tired and was tough to push higher. True enough some pullback came which is healthy in our view.

We have drawn some support levels for the STI with the 50ema of around 2866 being our major support. Support levels might present chance to scale in for long term stocks.

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Straits Times Index – [ Advanced Warning Given, Were You Prepared? ]

30th November, 2020, 7:49 PM

Straits Times Index – [ Advanced Warning Given, Were You Prepared? ]Straits Times Index 30th Nov 2020

Chart source: Poemsview 30th Nov 2020

Our Straits Times Index (STI) had an impressive run for the month of Nov up close to 20%! It is probably one of the most amazing month for our index in a long while. But as the saying goes, what goes up, must come down!

With such a steep upside we suspected a pullback would be on the cards very soon. So we sent a message warning our clients of a pullback and sharing our thoughts. We also attached a chart so that they’ll understanding it better.

The Straits Times Index saw a massive profit today after such a huge run up. The initial support at the 5ema gave way and the the downside started coming in. This took the index down over 2% to about the 10ema of about 2810. We’re glad we alerted our clients last week of a potential downside. A pullback like this is considered healthy to us if the market wants to sustain its upside move.

So what’s next for our index? Let’s see the charts and from it we might continue seeing some selling pressure if STI can’t stay above this 10ema support and might see it move down to even test the 20ema.

Be alert!

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Straits Times Index – [ Mid Day Updates, Looks Promising, Here’s Why! ]

29th September, 2020, 2:40 PM

Straits Times Index – [ Mid Day Updates, Looks Promising, Here’s Why! ]Straits Times Index 29th Sept 2020

Chart Source : Poemsview 29th Sept 2020

Straits Times Index has broken out of its midterm downtrend line and also has broke above its 20ema.

From technical analysis point of view, these are some promising cues which might have more upside potential. What we’re looking at is for the Straits Times Index to close above this 20ema and stay above it for the next few days. That could possibly be a bullish signal for the markets. Take a look at our Riverstone post and what happens when it crosses the 20ema.

If we see our three local banks, OCBC and UOB are currently above the 20ema while DBS is still under. Do keep a watch for it as we previously posted on it too.

We have drawn some potential support and resistance should STI be able to stay above the 20ema. Let’s hope we can see 2546 first in the coming weeks.





Straits Times Index – [ Where Is The Support At? What’s The Game Plan Now? ]

22nd May, 2020, 3:55 PM

Straits Times Index – [ Where Is The Support At? What’s The Game Plan Now? ]Straits Times Index - 22nd may 2020

Chart Source : poemsview 22nd May 2020

Its close to 4pm now and the Straits Times Index is down over 50 points due to China tightening its grip on HK.

Hong Kong index is down over 1000 points or 5%, something which we haven’t seen in awhile. Due to the regional unrest, our Straits Times Index or STI also is affected . We’re down about 2% at the time of writing.

So what’s our game plan? If you noticed we’ve been rather bearish on the markets and continue to remain so until we see more convincing signs of rebound. With every rebound in the STI it seems to be making a Lower High despite US side having massive gains. This to us shows some weakness. STI is currently on its horizontal support of around 2500.

What could happen from here? Some possible scenarios:

  1. STI could have a rebound to cover the gap and test the downtrend again. Failure to break that might see more downside. If STI manages to break that downtrend line then our stand might change.
  2. STI could break the horizontal support level and might take us to around 2387 levels.
  3. STI could possibly hover around here and form a sideways consolidation before another move comes.

So stay alert! We’re eyeing more downside as you can see STI is below the moving averages but are flexible to react as market remains volatile and remembering the saying, Don’t Fight The Feds!

Want a  quick discussion on the market direction?

Feel free to drop us a line!




Straits Times Index – [ Has It Peaked? More Room For Upside?? ]

19th April, 2020, 9:36 PM

Straits Times Index – [ Has It Peaked? More Room For Upside?? ]Straits Times Index 19th April 2020

Chart Source: Poemsview 19th April 2020

Straits  Times Index or STI had a very good  rebound which caught many off guard. The rebound was about 20% from the low which was slightly stronger than expected. The question is can STI move up more? Is there still room to go for STI?

Before we dive  further, we’ll bring in the chart of S&P as markets still takes some reference from big brother USA.

Using the weekly chart for S&P, we feel that there might be just be more room for an upside probably to the 50ema which is around 2960 level for S&P, if it does reach around there , we have to be very very careful already. That would mean that S&P would have rebound 35% off the low which is considered a lot. But that said, we are in extraordinary times and such a bounce is also an extraordinary bounce.

So if S&P still has some upside, we might see STI slowly trying to aim for its 50ema too which is around 2720 and also the fibo 50% retracement level.  If STI can rally to around that area, we’ll be looking for SHORT opportunities. The risk reward for longs now is not very favourable (in our view) so we’ll probably be patiently looking for short opportunities instead.

Looking for Short opportunities but not sure how to go about doing it? Not sure how to short or not sure what instrument to use for for shorting? Want to learn how to use CFD (Contract for difference) to short the market?

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STI Updates – [ Support & Resistance Levels]

14th March, 2020, 10:28 PM

STI Updates – [ Support & Resistance Levels]Straits Times Index - 14th March 2020

Chart Source: poemsview 14th March 2020

What a week right? A rough week would probably be an understatement! Oil crashed, Dow crashed, Yield crash, limit down, limit up and there is still no sign of Covid-19 letting up.

But hold steady and lets have faith that we’ll get through this together. By now, we’re sure Covid-19 is no stranger to the world. Its been grabbing headlines for all the wrong reason and markets are plunging due to fear of how this virus will impact the economy. We’ll still continue to look at our charts to find some clues on when the selling might subside or when a technical rebound might come.

For our STI, we have drawn some support and resistance levels and will be using it as a guide to try to navigate through this crazy times. The first support we see is at around 2510 level, the low of 2016. It had some rebound from there on friday and a good rebound might see STI to close to 2700. We’ll take things step by step for now and after 2700 then 2750 area. The support for us is at 2510 then 2415.  No one can tell when the market will bottom or where the top is therefore its important to have the right mentality when investing or trading.

Don’t fish for the bottom but plan your investment in batches.

Take care when trading and its always good to have an extra pair of eyes to look out for especially during this period.

Have you prepared your shopping list? Drop us a message and we can discuss more.






Straits Times Index – [ Following Up After First Target Met]

22nd October, 2019, 5:28 PM

Straits Times Index – [ Following Up After First Target Met] Straits Times Index 22nd Oct 2019

Chart Source: Poemsview 22nd Oct 2019

Straits Times Index saw a break away from its consolidation zone over the last week hitting our first resistance target of 3154 which we drew back on 13 Oct.

From our explanation in our previous post,  the Straits Times Index broke above our downtrend line we drew, it also broke above its 20ema which are positive signs for us.

Some possible scenarios for now, STI might cover the gap it created this morning and might continue its march up. It could also test today’s high again and a success break might see it move to 3188 area.

A break below the 20ema might cancel our upside view.

We hope our readers managed to learn and capitalize on our explanation on our trading blog!

Lets Watch it!




Straits Times Index – [ Upside Coming? Levels We’re Looking At]

13th October, 2019, 9:45 PM

Straits Times Index – [ Upside Coming? Levels We’re Looking At]Straits Times Index 13th Oct 2019

Chart Source: Poemsview 13th oct 2019

Straits Times Index have been resisted by the downtrend line which we drew recently. Some key points we are looking at.

  1. STI breaking above the downtrend line
  2. STI breaking above the 20ema
  3. Good trade talks results which might help fuel the break up

With those points we’re hoping for a positive run up to the next resistance to the 50ema. The ride might not be a smooth one up as who knows what Donald Trump might tweet next.

Want to know more on you can be trading the Straits Times Index? We hope that our trading blog has given some insights into the market.

Just drop us a message and we’ll be glad to guide you through it.




Straits Times Index – [ 4 Down Days Wiping Out Almost 2 Months Of Gains, What Can A Trader Do?]

5th August, 2019, 9:35 PM

Straits Times Index – [ 4 Down Days Wiping Out Almost 2 Months Of Gains, What Can A Trader Do?]Straits Times Index 5th Aug 2019

Chart Source: Poemsview 5th Aug 2019

Straits Times Index took a huge plunge of about 5% since it started to fall on Wednesday. In 4 days of fall it nearly took out 2 months of gain in the STI. When panic spreads, it goes beyond any rationale. If a trader only knows how to go long in the market then he or she would be in big trouble.

That is why we’ll be conducting a workshop on 20th Aug (Tuesday) to coach and guide why using CFDs is vital in staying afloat in today’s market.

Knowing only how to Long and not SHORT would put a trader in a severe disadvantage as he or she can only trade in one direction. Hence it is of utmost importance to equip oneself with the knowledge and tool for shorting to hedge and manage market volatility .

Not only does Poems CFDs allow you to long or short the market it also allows you to trade our Straits Times Index. In fact, Poems CFD is the only CFD provider in singapore to provide the STI. So if you’re unsure of which stock to trade, there is always the Straits Times Index to trade.

Sign up via the link now!

We’ll see you there!