The Straits Times Index closed the Year 2015 at 2882 and has slump by 8%. This week has seen many days of 1-2% decline reaching a low of 2642. We see today Friday market as calmer and could see a afternoon reversal. We are setting a conservative target of 2700 towards next week. We are looking at some potential M&A low valuation plays and BLUE CHIPS(for reversal plays).