momentum

he Straits Times Index rose 36 points week-on-week to 2,581, supported by an upturn in short term stochastics. There has also been a rebound in 21-day RSI which rose from 36 at the start of Aug to a high of 50, before ending at 48 on Aug 14. The most enco

SINGAPORE (July 17): Week-on-week, the Straits Times Index slipped to 2,618, from 2,652. However, the chart pattern shows resilience. ADX is at 11, wiith the DIs neutral, indicating that a sharp move in either direction during July 20–24 is of a low pro

SINGAPORE (July 9): Although the Straits Times Index ended the shortened trading week of July 6-9 unchanged at 2,652, indicators have strengthened. Despite this, the index may not make spectacular moves. ADX which points to market direction is at 14, whic

SINGAPORE (June 26): The Straits Times Index appears poised to move below the confluence of a support, and its 50-day moving average at 2,605. On June 19, there were hints of supply/ selling when the index closed below its open on a surge in volume. Durin

SINGAPORE (May 22): During the week, the Straits Times Index, which closed at 2,499 on May 22, fell below it’s declining 50-day moving average at 2,532. According to the general theory of moving averages, such a move is a bearish sign. Hence, the market