Weekly market analysis covering Singapore, US, Hong Kong and China — stocks, REITs, ETFs and trading perspectives.
Wednesday, June 22, 2011
A Quiet Day Ahead of FOMC Announcement
STI should be quiet today ahead of FOMC meeting annoucement tonight.
Currently STI is resisted at 3060 gap resistance at 3059, slightly up by 6points. A close above this level would give it more bullish momentum. Otherwise downside is still prominent.
Talk to you again.
Currently STI is resisted at 3060 gap resistance at 3059, slightly up by 6points. A close above this level would give it more bullish momentum. Otherwise downside is still prominent.
Talk to you again.
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Investment Idea
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