Market Technician

Remarks: Short position to close once trend line broken

   Straits Times Index (STI) Technical View: Primary Trend (6mths or more) : Bearish Secondary Trend (1-6mths)     : Bullish Short Term(1mths or less)     :   Bearish  Trading the Singapore Market (Long Trades) Long Term Trades : Not Preferred Mid Term Trades  : Preferred Short Term Trades: Not Preferred Levels to watch: Resistance 2: 3,150 Resistance 1: 3,050 Support    1: 2,950 Support    2: 2,800 Probable STI Movement Preferred  : Sideway Range between 2,950 - 3,050 Alternate  : Bullish upward movement towards 3,150 Remarks: STI trended sharply towards week high near resistance 1 level at 3,050. STI likely to trade sideway for this again week as indicators are still indicating extreme bullishness. Comments on STI Technical View Primary Trend is bearish as 50 Days SMA is trading below the 150 Days SMA and 150 Days SMA continues to be downward sloping. Secondary Trend is bullish as MACD is above zero. Minor Trend is sideway as ROC(10) continue

Straits Times Index (STI) Technical View: Primary Trend (6mths or more) : Bearish Secondary Trend (1-6mths)     : Bearish Short Term(1mths or less)     :   Sideway Trading the Singapore Market (Long Trades) Long Term Trades : Not Preferred Mid Term Trades  : Not Preferred Short Term Trades: Preferred Levels to watch: Resistance 2: 3,150 Resistance 1: 3,000 Support    1: 2,800 Support    2: 2,700 Probable STI Movement Preferred  : Sideway Range between 2,900 - 3,000 Alternate  : Bullish upward movement towards 3,150 Remarks: STI trended sharply towards resistance 1 level at 3,000. STI likely to trade sideway for this week as indicators indicating extreme bullishness. Comments on STI Technical View Primary Trend is bearish as 50 Days SMA is trading below the 150 Days SMA and 150 Days SMA continues to be downward sloping. Secondary Trend is bearish as resistance (3,000) holds, even as MACD is bullish. Minor Trend is sideway as STI rebounded from near

  Straits Times Index (STI) Technical View: Primary Trend (6mths or more) : Bearish Secondary Trend (1-6mths)     : Bearish Short Term(1mths or less)     :   Sideway Trading the Singapore Market (Long Trades) Long Term Trades : Not Preferred Mid Term Trades  : Not Preferred Short Term Trades: Selective Swing Trades Levels to watch: Resistance 2: 3,150 Resistance 1: 3,000 Support    1: 2,800 Support    2: 2,700 Probable STI Movement Preferred  : Sideway Range between 2,750 - 2,900 Alternate  : Bearish Downward movement towards 2,700 Remarks: STI broke 2,800 and rebounded near 2,700. With ROC(10) at its low end, STI likely to trade sideway for this week. Comments on STI Technical View Primary Trend is bearish as 50 Days SMA is trading below the 150 Days SMA and 150 Days SMA continues to be downward sloping. Secondary Trend is bearish as resistance (3,000) holds, even as MACD is bullish. Minor Trend is sideway as STI rebounded from near 2,700 with RO

Remarks: Short position to close once trend line broken.