Straits times index

Singapore Straits Time Index – [ Good To Pay Attention]

Kelwin & Roy STI, Straits times index , , , , , , , , , ,
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

Straits Times Index – At A Pivotal Point

Kelwin & Roy Straits times index , , , , , , , , , , ,
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

Kelwin & Roy STI, Straits times index , , , , , , , , ,
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 – Broken Below the 20 Days Moving Average

Kelwin & Roy STI, Straits times index , , , , , , , , ,
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

Update on STI

Kelwin & Roy STI, Straits times index ,
20th February, 2016, 8:03 AM

STI

Rally was strong over the week and many have asked what to do and if its time to short.

Well, just to share our thought and the roadmap for STI.

STI currently at 2663 and it seems possible that STI might break above it in the coming days and even test that downtrend line at about 2700 levels. From there we should watch closely to see if it can continue to break to test the resistance levels of 2758 then 2800 . We are not turning bullish but if you like to trade the rebound then maybe just watch those levels. We are waiting to see those levels to plant shorts and will cut if we’re wrong. Our stop loss will be above those resistance lines if we short so that we minimize our loss.

Remember to always have a plan and not trade blindly.

 

Yours

Humbly