Singapore Stock Market Outlook 30-Aug 2013

Market Reviews:

STI recovers after 4 days of continuous fall, it took support day before yesterday’s low of 2990 and today closed above 3030 mark.

STI opens with gap up @ 3015.93, and then it traded higher side and made day High @ 3041.55 and finally STI closed @ 3038.03 with gain of 33.85 points up by 1.13%.

Some 3.88 billion shares, valued at S$1.31 billion were traded. Gainers numbered 299 while losers numbered 148

Market forecast:

STI closed above its long-term support zone of 3030, recovers from its recent low of 2990.

STI formed long white candlesticks which denotes bullish scenario in company. It opens with gap and closed higher so it formed a bullish candle.

It is a bearish continue pattern and as STI closed below 3050 level so we can see more downtrend in index. STI touched its long tern support level which made by its previous lower levels i.e. 2521 and 2715.60 and third point is 3027 todays lower level.so if Index crossed this level then we can see free fall in market.

Support:

STI having immediate support @ 2990 level and below this level it can take support @2970-2950 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3050 and above this level it may take resistance @ 3080-3110.

Technical indicators:

Technical indicators MACD, RSI and CCI all are looking bearish 

STI Singapore Market Forecast - 28 Aug 2013

Market Reviews:

STI fell below its major support zone i.e 3050 mark and closed well below this level.

STI opens with good gap down @ 3065.88 and then recovers some points and made day High @ 3077.48. As STI is in down trend it faced resistance at that high level and fell below support zone and took support @ 3027.65 and finally closed with loss of 50.39 points @ 3034.20 down by 1.63%.

The Department of Statistics, on a year-on-year basis, overall business receipts grew by 7.7% in second quarter 2013, with all services industries registering positive growth. Compared with the same quarter in 2012, the business receipts of the financial & insurance services industry grew by 13.9% and that for the real estate, rental & leasing services by 11.5%.

Business receipts of the services industries, excluding wholesale & retail trade and accommodation & food services, rose 2.0% in second quarter 2013 over the previous quarter.

Market forecast:

STI crossed its major support zone of 3050 and closed below this level which shows more downside movement in market.

STI formed candlesticks called falling window, the current period's high is lower than the previous period's low, leaving a downside gap on the chart. An upward reaction or correction against the downtrend is likely to find resistance within the window - that is, the previous period's low should offer resistance to any upward reaction against the downtrend.

It is a bearish continue pattern and as STI closed below 3050 level so we can see more downtrend in index. STI touched its long tern support level which made by its previous lower levels i.e. 2521 and 2715.60 and third point is 3027 today's lower level.so if Index crossed this level then we can see free fall in market.

Support:

STI having immediate support @ 3025 level and below this level it can take support @ 3005-2980 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3050 and above this level it may take resistance @ 3065-3090 levels.

Technical indicators:

Technical indicators MACD, RSI and CCI all are looking bearish 

Singapore Stock Market Forecast for 27-Aug 2013

Market Reviews:

Asian stock markets were mixed on Monday, amid on going uncertainty over the timing of the Federal Reserve’s widely expected reduction in monthly bond purchases.
The Fed’s stimulus program is viewed by many investors as a key driver in boosting the price of global equities.

Today STI opens with gap up @ 3090.36 and then it recovers some points and made day high @ 3109.58. STI faced Resistance at that level and fell below 3100 mark and took support at day low of 3082.56, finally closed @ 3084.41 with loss of 4.44 points down by 0.14%.

Volume was 3.97 billion shares worth S$1.47 billion. Losers outnumbered gainers 248 to 199.

Singapore's manufacturing sector expanded 2.7 % in July compared to a year ago, as the city-state's electronics sector continued to show signs of improvement. Electronics output for July grew 3.5 % year-on-year

Market forecast:

STI continued down trend and closed lower for 7^th day, closed below 3100 mark.

STI formed candlesticks that have a long upper shadow and small body with small lower shadow. It shows bearishness in index

We mention in our previous report that STI having support level @3065 mark which lowest mark of pattern which replicate like rising wedge and as per the pattern if STI can go down if it crossed lower level.

Support:

STI having immediate support @ 3050 level and below this level it can take support @ 3035-3010 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3120 and above this level it may take resistance @ 3150-3180 levels.

Technical indicators:

Technical indicators MACD, RSI and CCI all are looking bearish 

Singapore Stock Market Forecast 20-Aug 2013

Market Reviews:

Singapore's stock markets slip below their major support levels which were expected technically as in last week STI crossed its 50 day EMA level.

Today STI opens with gap down @ 3192.26 and then just recovers few points and made day high above 3200 mark @ 3202.100, over all the day were bearish and STI made day low @ 3168.28. Finally STI closed @ 3173.33 with loss of 24.20 down by 0.76%.

Volume was 2.47 billion shares worth S$1.26 billion. Losers outnumbered gainers 294 to 163.

Market forecast:

STI open well below 3200 mark, however it tries to trade above 3200 mark, but it was not able to do the same and fell below 3180 level.

STI formed a long black candlestick pattern which denotes a bearish momentum ,it open lower from previous day and also closed well below the previous day after making deep low for the day. It is a bearish continuation pattern.

As we can see on daily chart STI formed a pattern which replicate like rising wedge and as per the pattern if STI can go down till 3065 mark which is lowest mark of pattern.

Support:

STI having immediate support @ 3150 level and below this level it can take support @3135-3105 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3205 and above this level it may take resistance @ 3220-3235 levels.

Technical indicators:

Technical indicators MACD turn to bearish , its 14-day RSI is in turning mode and closed below 50 and CCI also closed lower @ -260.41

STI Singapore Market Views: 15-Aug 2013

Market Reviews:

Singapore's stock markets were broadly higher on Wednesday, with Asian markets.

Today STI opens higher @ 3249.46 and then it made day low @ 3231.56 and then took support at that level and recovers, made day high @ 3251.64 and finally closed @ 3248.66 with gain of 4.54 points up by 0.14%.

Some 2.34 billion shares, valued at S$1.31 billion were traded. Gainers numbered 271 while losers numbered 204.

Market forecast:

STI opens above its 50 day MA level and traded above this level, which is a good sign for STI. However STI trading below its up slopping trend line.

STI formed a candlestick pattern called The Hammer candlestick formation is a significant bullish reversal candlestick pattern that mainly occurs at the bottom of downtrends. He Hammer formation is created when the open, high, and close are roughly the same price. Also, there is a long lower shadow, twice the length as the body. When the high and the close are the same, a bullish Hammer candlestick is formed and it is considered a stronger formation because the bulls were able to reject the bears completely plus the bulls were able to push price even more past the opening price.

As we can see on daily chart STI formed a pattern which replicate like rising wedge and as per the pattern if STI maintain above its up sloping resistance line i.e. 3270 mark then we can see more upside move in the Index, and for other side if STI next support will come @ 3180 level and after that we can see bearish move in market.

Support:

STI having immediate support @ 3210 level and below this level it can take support @3180-3160 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3265 and above this level it may take resistance @ 3280-3305 levels.

Technical indicators:

Technical indicators MACD turn to bearish , its 14-day RSI is in turning mode and closed @ 50 and CCI recovers again and trading @ -42.75

STI Singapore Stock Market Forecast 14-Aug

Market Reviews:

Singapore's share market edged higher on stronger-than-expected second quarter GDP growth and an economic outlook upgrade.

Today STI opens with little gap @ 3227.65 and traded higher side and made day high @ 3244.40 and then fell down from day high and took support above opening level @ 3229. 50. Finally closed @ 3232.24 with gain of 2.33 points up by 0.07%.

Volume was 103.2 million shares worth S$121.7 million. Gainers outnumbered losers 98 to 64.

Market forecast:

STI trading below its up slopping supports line; today STI traded above 3220 level and made day high near the resistance of 3250.

STI traded above the 50 day EMA level of 3231 today and closed just at this level, so we can expect some recovery in STI from this level.

As we can see on daily chart STI formed a pattern which replicate like rising wedge and as per the pattern if STI maintain above its up sloping resistance line i.e. 3270 mark then we can see more upside move in the Index, and for other side if STI breached its up sloping support line @ 3230 mark then next support will come @ 3180 level and after that we can see bearish move in market.

Support:

STI having immediate support @ 3205 level and below this level it can take support @3180-3160 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3250 and above this level it may take resistance @ 3280-3305 levels.

Technical indicators:

Technical indicators MACD turn to bearish , its 14-day RSI is in turning mode and closed @ 50 and CCI recovers again and trading @ -20.04

Singapore Stock Market Forecast for 13-Aug 2013

Market Review: 

Singapore's share market edged higher on stronger-than-expected second quarter GDP growth and an economic outlook upgrade.

Today STI opens with little gap @ 3227.65 and traded higher side and made day high @ 3244.40 and then fell down from day high and took support above opening level @ 3229. 50. Finally closed @ 3232.24 with gain of 2.33 points up by 0.07%.

Volume was 103.2 million shares worth S$121.7 million. Gainers outnumbered losers 98 to 64.

Market forecast:

STI trading below its up slopping supports line; today STI traded above 3220 level and made day high near the resistance of 3250.

STI traded above the 50 day EMA level of 3231 today and closed just at this level, so we can expect some recovery in STI from this level. 

As we can see on daily chart STI formed a pattern which replicate like rising wedge and as per the pattern if STI maintain above its up sloping resistance line i.e. 3270 mark then we can see more upside move in the Index, and for other side if STI breached its up sloping support line @ 3230 mark then next support will come @ 3180 level and after that we can see bearish move in market.

Support:

STI having immediate support @ 3205 level and below this level it can take support @3180-3160 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3250 and above this level it may take resistance @ 3280-3305 levels.

Technical indicators:

Technical indicators MACD turn to bearish , its 14-day RSI is in turning mode and closed @ 50 and CCI recovers again and trading @ -20.04

Singapore Stock Market Outlook 07-Aug

Market Reviews:

STI market opens flat and traded higher but can’t hold the same momentum and closed down.

Today STI opens flat @ 3236.19 and then suddenly goes up and made day high @ 3247.85. But cant able to sustain the higher levels and fell down, took support @ 3212.85 and finally closed @ 3224.89 with loss of 16.90 points down by 0.52%.

Some 2.02 billion shares, valued at S$1.09 billion were traded. Gainers numbered 195 while losers numbered 265.

Market forecast:

STI trading below its up slopping supports line; today STI fell below 3220 level and took support just near to 3210 mark.

STI fell below the 50 day EMA level of 3231 today and closed well below this level, so we can expect more down side movement in STI from this level.

As we can see on daily chart STI formed a pattern which replicate like rising wedge and as per the pattern if STI maintain above its up sloping resistance line i.e. 3270 mark then we can see more upside move in the Index, and for other side if STI breached its up sloping support line @ 3230 mark then next support will come @ 3180 level and after that we can see bearish move in market.

Support:

STI having immediate support @ 3205 level and below this level it can take support @3180-3160 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3230 and above this level it may take resistance @ 3250-3280 levels.

Technical indicators:

Technical indicators MACD turn to bearish , its 14-day RSI is in turning mode and closed @ 50 and CCI recovers again and trading @ -33.85

Singapore Stock Market - Technical Views 06 Aug

Market Reviews:

STI markets were flat to weaker on Monday, telecom firm Singapore Telecommunications Ltd and port operator Hutchison Port Holdings Trust were major losers as both stocks went ex-dividend.

Today STI opens lower @3239.66 and gaining some points and made day high @ 3243.14 and then fell down and made day low of @ 3229.68 and recovers some points. Finally closed @ 3241.79 with loss of 12.34 down by 0.38%.

Some 2.02 billion shares, valued at S$825.9 million were traded. Gainers numbered 161 while losers numbered 278.

Market forecast:

STI trading below its up slopping supports line; today it traded lower levels and closed just near to resistance @ 3250.

STI formed a Doji candlestick pattern, which took support@ 50 day EMA level and closed near to opening after making high. There is no major difference between opening and closing of STI today.

As we can see on daily chart STI formed a pattern which replicate like rising wedge and as per the pattern if STI maintain above its up sloping resistance line i.e. 3270 mark then we can see more upside move in the Index, and for other side if STI breached its up sloping support line @ 3230 mark then next support will come @ 3180 level and after that we can see bearish move in market.

Support :

STI having immediate support @ 3220 level and below this level it can take support @3195-3180 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3260 and above this level it may take resistance @ 3275-3290 levels.

Technical indicators:

Technical indicators MACD turn to bearish , its 14-day RSI is in recovering mode and closed @ 54.57 and CCI recovers again and trading @ 63.07

STI Singapore Weekly Forecast for 05-09 Aug 2013

Market Forecast for week ahead:

• As we previously mention that STI trading in an inverted pennant, but not given breakout yet.STI trading above its 50 Week EMA level and looking bullish above this.

• As per the pattern forming in weekly graph If STI maintain above 3275 mark then it will be in bullish zone and on the other side if STI breached 3200 mark and 3180, then we can see bearish trend in STI.

• Technical Indicator MACD and RSI looking positive as MACD is showing bullish crossover and RSI trading above 50 i.e. centreline.

STI Resistance:

• STI having Resistance @ 3280 and above this level it may take resistance from 3305-3335 levels.

STI Support:

• STI having nearest support @ 3210 below this 3180-3140 will be the support area for market.

Technical Indicators:

Technical indicators are giving positive impression.

STI Weekly Summary and Micro Economic Factors

Weekly wrap of STI: 

Overall the week was positive string of positive economic data from China, Europe and the United States, but the trading opportunities were very low in market.STI maintain itself above 3220 mark. 

STI opens lower @ 3236.10 and same day made week low @ 3218.90, STI took support at this level and climb upwards and made week high @ 3268.63.finally closed above 3254.13 with gain of 18.03 points up by 0.55%

Micro Economic:

The Singapore Institute of Purchasing & Materials Management's Purchasing Managers' index (PMI) rose to 51.8 points last month from 51.7 points in June, staying above the 50 point level that separates expansion from contraction for a fifth consecutive month. The institute's PMI for the electronics sector, however, fell to 50.3 in July from 51.2 in June.

According to the Ministry of Manpower Unemployment rate in Singapore jumped to 2.1%.Preliminary estimates show that the seasonally adjusted overall unemployment rate was 2.1% in June 2013, up from 1.9% in March 2013 and 1.8% in December 2012.

Share Market Singapore, Technical Outlook for 02-Aug 2013

Market Reviews:

STI markets rose Thursday as investors welcomed the US Federal Reserve's decision to keep its stimulus scheme in place, with its view the economy was growing modestly soothing fears over the programme's future

Today STI opens higher @3244.23 and then made day high @ 3256.60, but faced resistance at higher level and fell down at the level of 3234. Finally closed @ 3243.29 with gain of 21.36 points up by 0.66%.

Some 2.61 billion shares, valued at S$1.14 billion were traded. Gainers numbered 225 while losers numbered 209.

Market forecast:

STI trading below its up slopping supports line; today it traded lower levels and closed just near to resistance @ 3250.

STI forming candlestick pattern called Spinning Top, Candlesticks with a long upper shadow, long lower shadow and small real body are called spinning tops. One long shadow represents a reversal of sorts; spinning tops represent indecision. The small real body (whether hollow or filled) shows little movement from open to close, and the shadows indicate that both bulls and bears were active during the session. Even though the session opened and closed with little change, prices moved significantly higher and lower in the meantime. Neither buyers nor sellers could gain the upper hand and the result was a standoff. After a long advance or long white candlestick, a spinning top indicates weakness among the bulls and a potential change or interruption in trend. After a long decline or long black candlestick, a spinning top indicates weakness among the bears and a potential change or interruption in trend.

As we can see on daily chart STI formed a pattern which replicate like rising wedge and as per the pattern if STI maintain above its up sloping resistance line i.e. 3270 mark then we can see more upside move in the Index, and for other side if STI breached its up sloping support line @ 3230 mark then next support will come @ 3180 level and after that we can see bearish move in market.

Support:

STI having immediate support @ 3220 level and below this level it can take support @3195-3180 will be the support zone for STI.

Resistance:

STI having immediate Resistance @32650 and above this level it may take resistance @ 3275-3290 levels.

Technical indicators:

Technical indicators MACD turn to bearish , its 14-day RSI is in recovering mode and closed @ 54.57 and CCI recovers again and trading @ 63.07