Monday, 21 September 2015

STRAITS TIMES INDEX - MARKET WILL TURN BULLISH WHEN POSITIVE NEWS START TO RE-SURFACE

 
Current Market Level - 2882
 
             SUPPORT - 2854
 
            52weeks low -2808
 
Given all the negative news from CHINA(yuan devaluation and slower growth), EUROPE(Greece issues) and WALL STREET(RATE HIKE). Last Thursday, FED keep interest rate at the same with No Hike till the next FOMC in DECEMBER. With a 3 month GRACE PERIOD, we hope the market will have some reasons to be bullish. Watching out for Positive News to re-surface.
 

 

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