Wednesday, 22 March 2017

STRAITS TIMES INDEX - TREND REVERSAL SEEN TODAY(MARKET FRAGILE TO MORE SELL-DOWNS)

Today Straits Times Index drop is seen as the biggest drop in 2017 after such a strong rally up from 2900 levels. Sell-down from U.S overnight market trigger a panic gap down in the STI index today. We will expect to see the market being fragile to more sell-downs. This week we will be moving to our defensive strategy to long Strong Stocks and low-beta risk stocks.



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