Straits Times Index – [The Road Ahead]

30th August, 2021, 7:00 AM

Straits Times Index – [The Road Ahead]Straits Times Index 30th Aug 2021

Chart Source: AdvisorXs 30th Aug 2021

Familiar with the NDP theme song the road ahead by now?  Such a hit and very relatable as Sinagporeans navigate through the road ahead with courage and determination.

So what’s the road ahead like for our Straits Times Index? Is is choppy? Or is it a smooth ride ahead?  Well, lets take a look at the chart to get some idea. From a technical analysis perspective, STI is currently sitting on its horizontal support of around 3080 level. This coincides with the support of around March but if this support doesn’t hold we might see a further leg down to 3050 and if weakness persist, 3020 is the area of the previous gap cover. 3020 would be a key support for us but we’re hoping it doesn’t go there.  For the upside, STI has to break our downtrend line first as a first sign of strength and also the 5ema of around 3100. That would signal strength and as Fed gets the market ready for its bond tapering this year, we are keeping track to see how other market reacts as the sentiments will flow over to Asia. Some upside resistance might be around 3120 then 3160 and 3200.

The road ahead might not be easy but with an extra pair of eyes, the journey need not be so arduous.

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Yours

Humbly

Kelwin&Roy

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.

Yours

Humbly

Kelwin&Roy

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!

Yours

Humbly

Kelwin&Roy

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?

Don’t be shy and just drop us a message and we’ll be glad to answer them!

Yours

Humbly

Kelwin&Roy

 

 

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.

Yours

Humbly

Kelwin&Roy

 

 

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!

https://www.eventbrite.sg/e/trade-war-interest-rate-cut-how-to-use-cfd-moving-average-to-manage-current-volatile-market-tickets-67919419813

We’ll see you there!

Yours

Humbly

Kelwin&Roy

Straits Times Index – [ Our Take On It And Our Game Plan]

5th June, 2019, 9:23 PM

Straits Times Index – [ Our Take On It And Our Game Plan]

Straits Times Index 5th June 2019

Chart Source: Poemsview 5th June 2019

Straits  Times Index had a terrible May and fulfilled the saying of Sell and Go Away in May. Our index has fallen 8.5% since the start of May but things might start looking up.

We have drawn two charts with the first stretching out from 10 years and drawing a long term uptrend line. So far that point hasn’t been tested which is around 3080 area.

Something to take note is that the bounce from 2016 and the bounce off that long term uptrend line in 2018 seems shorter now. Every bounce is shorter which to us is not a good sign. What might happen is that is uptrend line might be tested and a rebound might happen but we’ll be watching to see the strength of the rebound.

On a shorter time frame, the immediate support is around 3100 which is the short term uptrend line which we have drawn. We would like it to test that area and then rebound which would then complete this downward cycle and allow for a nicer rebound. With Dow having such a strong finish on tuesday night good chance we might see our Straits Times Index doing some catch up.

A good bounce to the 200ma might be the next resistance before we plan our next move. Should more good news follow like trade wars being resolved or more talks that could provide some underlying strength to the market. Or the recent rate cut which the fed seems to be signalling to the market. Most stocks have seen a brutal sell down and might be ready for a rebound.

So do be prepared as we markets remain volatile. So Sit Tight and tread carefully.

Do CONTACT US if you want to know more.

Yours

Humbly

Kelwin&Roy

Straits Times Index – [ Rebounding Off From Our Support, Looking At Next Target]

23rd July, 2018, 8:21 AM

Straits Times Index – [ Rebounding Off From Our Support, Looking At Next Target] Straits Times Index 23rd July 2018

Chart Source : Poemsview 23rd July 2018

Straits Times Index has had a rather nice rebound over the last week. STI hit our support of 3220 which held and started staging a rebound  close to 80 points from the low. In fact, it was one of the strongest market in the region when others were falling.

We’re glad we managed to alert our readers on this.

It has gone above the 10ema as we pointed out from our previous blog post From then our Straits Times Index showed great resilience and made a good come back.

Our next possible target might be 3334 area where there could be potential resistance.

One main concern might be the ongoing trade war which might even escalate to a currency war. And trump continues to talk about imposing tariffs on all $505 billion of Chinese goods. But the good thing was that market didn’t react too negatively to that. So we’ll continue to be nimble and trade accordingly to the charts.

Phillip Securities CFD is the only stockbroker in Singapore providing the Straits Times Index for trading! Do contact us to know more to take advantage of the rebound.

Another round of rebound might soon be coming.

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Yours

Humbly

Kelwin&Roy

Straits Times Index – [ More Updates And Game Plan After Trump Announced Tariffs on $200B More Chinese Goods]

12th July, 2018, 8:25 AM

Straits Times Index – [ More Updates And Game Plan After Trump Announced Tariffs on $200B More Chinese Goods]

Chart Source : Poemsview 12th July 2018

Straits Times Index opened much lower on Wednesday after Trump announced another round of tariffs in the morning.

At one point of time our Straits Times Index was down over 50 points scaring most traders and investors. This was perfectly normal as the announcement was made early in the morning and traders started to dump their shares.

There were a few interesting things that stood out for us.

  1. STI fell and hit our downtrend line support which we drew on Monday
  2. STI fell and hit our horizontal support which we also drew on Monday
  3. STI closing is very close to the 10EMA

Our game plan now.

  1. Watching the 10 EMA closely to see if STI is able to close above it again.
  2. Watching the support around 3220 region to see if that can hold

Don’t be too anxious to make a move. Watch for more stability before making a move.

Want to know more how you can long or short the Straits Times Index with ease?

We’ll be holding a workshop on CFD : (All and Why you need to know about it.) on 18th July.

Do Register for it as we’ll also go through how to use CFD for SHORTING. A Very crucial tool a trader needs to have in this day and age of trading.

https://www.eventbrite.sg/e/cfd-all-and-why-you-need-to-know-about-it-tickets-47616183286

Yours

Humbly

Kelwin&Roy

 

Straits Times Index – [ Is the Rebound Coming? ]

29th June, 2018, 8:36 AM

Straits Times Index – [ Is the Rebound Coming? ]Straits Times Index 29th June 2018

Chart Source : Poemsview 29th June 2018

Straits Times Index has dropped about 10% from a high of  3641 to a low of 3237 a healthy correction in a bull market.

Our previous support didn’t hold at 3295 which then came down to a low of 3237. If this support doesn’t hold then 3199 could be on the cards.

We are now watching to see if this support holds before making any move. The immediate resistance might be 3267 breaking above that might see it test the near term resistance at 3295 . If market continues to rebound then we might see 3340 area.

We’re watching closely for a rebound and Banks like ocbc, dbs might be a sector that might lead the rebound.

Yours

Humbly

Kelwin&Roy