Friday, 19 December 2014

MARKET OUTLOOK - STRAITS TIMES INDEX RECOVER TUESDAY ROUT TO END THE WEEK AT 3279

What a volatile week for Stock, the STRAITS TIMES INDEX recovered TUESDAY DROP of 79POINTS in 3 TRADING DAYS to end the week at 3279. With positive momentum coming out of Janet Yellen FOMC meeting on Wednesday, we feel the SG Market has more room to climb higher in the coming CHRISTMAS Week. Next week, every traders would be looking forward to rebalance their portfolio towards 2015.
 
Stocks with upward trends pattern would continue to perform well next week and towards 2015. For those OIL-RELATED Counters which have completed their reversal, sell in on Strength as the OIL outlook is still uncertain(given current price).
 

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