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Deep correction inbound for SGXThanks for viewing. First of all, this isn't based on any fundamental factors to do with Singapore per-se, apart from Singapore standing between two huge but struggling economies; China and Europe. Singapore is a very nice place, with great people, who have overcome significant challenges to create what is a shining light in Asia. If my view eventuates, I am confident Singapore will bounce back stronger than ever afterwards. Generally, we can see an equities index that has yet to reclaim 2008 highs, and hasn't shown anything approaching the bullish behaviour of the S&P 500 since March 2009. The rally has been far from convincing and seems to be showing a bearish set-up with medium term targets of -20%. There is a weekly MACD histogram tick on the downside and the MACD moving averages are crossing over negative. There is some moderate bearish RSI divergence between the March 2017 high and the January and April 2018 swing highs that preceded the 18% drop to the Oct 2018 swing low. I would be eyeing a break below first, 3104.03 as an entry point, followed by a break below 2955.68 targeting 2730 and below. This is just for me to keep track of the market behaviour vs my targets - I am not trading this set-up. Although, I hope there aren't too many people in highly leveraged long positions. Protect those funds.
TVC:STIShort
by flyinkiwi10
A Glimpse of Hopes For AsiaBi-Weekly Review on Strait Times Index (March 2019 - April 2019) - Singapore Stocks start the week higher on this monday (April 1) with advancing 19.18 points points, or 0.6 per cent - Markets are bullish but the volatility is higher for the past 2 weeks - Market Catalyst affect several area : Australia, Japan, South Korea, China and Hong Kong - Most active stocks for today (April 2): Thomson Medical, Hi-P , and Sembcorp Marine - There is a huge certain amount of uncertainty due to geopolitical and growth outlook The Most Important Factors to be Considered - There is not much on global macro for past two weeks - Market Catalyst mostly caused by high level trade negotiations between U.S. and China - Manufacturing growth rise unexpectedly for these week during this march-april after hit a bottom before march - On the other hand factory activity in Japan, South Korea, Malaysia and Taiwan continues to shrink, leading to bullish expectation on industrial index - Most of emerging country still depends on China demand - They also suffers from U.S.-China tariff war and Brexit uncertainty - China should embrace financial risk in order to ameliorate asia supply chains - Interest rates need to be more accomodative especially Indonesia and Thailand - Purchasing Managers Index (PMI) expected to be continue to expand in this months - Policymakers across Asia continue to look for a way together to stabilize growh (policy easing will be expected for several months ahead)
TVC:STIShort
by RazqiMK
$STI $ES3 shortThe Straits Times Index has been in a rising channel for weeks on end now, the narrative is that when U.S. corrects = Fed RRR will decrease to the benefit of Asian markets. This is simply untrue as US economy is still on a good growth path expectation is that the STI will correct more violently in the near future. All of these new facts have yet to be priced in since the earlier ASIAN bottom in October 2018, there is no reason to believe asian markets have established any kind of bottom.
TVC:STIShort
by Jhergoan
2
Straits Times Index (STI) [1-3 weeks view] ++Long with good conviction (++) Buy on dips above 3020 Stop Loss: 2960 Take Profit: 3350 Weekly Price reacted above 2960. RSI also reacted above support where in the past price has bounced before. RSI also surpassed descending channel resistance. Daily Price and RSI shows a weak bullish divergence RSI also testing 50% level. 2960.00 is the key support level to hold. It has also been found as a fractal level multiple times. If market were to break below, we would see a much deeper drop towards the 2522 region. A drop towards the 2522 region is set to put Singapore's market in a recession. Overall a good conviction trade due to indicator breakout and price reacting on key support level. Risk/reward ratio is beautiful too! Cheers.
TVC:STILong
by laughingchartist
Straits Times Index (Daily Chart) - Where is the Bottom?Since our last predictions on the Straits Times Index, the price has continued to fall from 3300 to 3000, and then below it. At this rate of decline, is there any support or bottom in sight? I generally do not like to do projections, because most projections are just guesses. The best way to know is to observe the price as it moves, then you will know when it has likely bottomed. And for now, it still looks like it can continue to fall. So i will stay bearish and continue to monitor.
TVC:STIShort
by SynapseTrading
STI - Not time to buy yet, but selling isn't a good idea too!As the trade war between US and China intensifies, general markets in Asia get the ripple effect too. STI has dropped around 5.40% and is now trading around 3300 region. If you're feeling worried because of this drop, you better be. If you're feeling happy because now you think you can buy at a cheaper price, you better don't. Now, why do we say so? If you're feeling worried and uneasy because of the drop, it just shows that (1) you do not have a proper investment/trading plan to start with, and (2) you do not have the right risk management plan in place. And that's the exact reason why you should be worried. If you're feeling excited to hop onto a trade or invest now, hold your horses. The time isn't right yet. Be patient. Wait for at least a sign of price bouncing before entering :) Our bias remains to the upside for the general equities market at the moment. Our macro analysis is still showing room for the markets to rally. Perhaps for the last wave up between 2018 to 2019. After that, we might eventually see the long-waited "clearance sales" in the equities market. When that happen, it will be a shopping spree for many well-prepared traders and investors. *Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach. The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
TVC:STILong
by KarYong