SgTraderClub Weekly Stocks Updates: STI Update

Wednesday, December 28, 2011

STI Update

Goood morning everyone. I just came back Singapore four hours ago in this morning. A enjoyful holiday for me. Hope you all had a great Christmas too.

We have three more days to close book of 2011. Market is still trapped within 2670-2680, the whole market volume is very thin-- 370m for yesterday only( compare to normal 1.1B). Market is quiet ahead of New Year.

Look at chart below, STI is just above 61.8% 2668, it may test 50% at 2714 level in coming days, a pretty much short rebounce is expected but nothing much higher, for now.

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