Right timing

SINGAPORE (July 3): Support at the 2,620 area has held for the Straits Times Index, as has its 50-day moving average — currently at 2,607. On July 3, the STI closed at 2,652. The moving average has turned up since the week of June 22–26, and the index

SINGAPORE (June 12): The Straits Times Index has been impacted by the volatility in the Dow and S&P500 indices, and the uncertainty in the Hang Seng Index.

SINGAPORE (June 5): On June 2, the Straits Times Index surged by 89 points, along with significant volume expansion. This took the index above its 50-day moving average - now at 2,551- and a resistance area at 2,620 - 2,650. The breakout indicates a targe

SINGAPORE (May 1): The US market had one of its best months in the past 30 years in April. However, May could turn out to be more volatile. The S&P 500 Index (SPX) remains in its rally pattern, but as it approaches its upside target of 3,023 following a b

SINGAPORE (April 17): Chart breakouts show potential. Sometimes we never get to the potential. Still, for the Straits Times Index, there is good news, and bad news. The good news is that the STI has broken above a resistance at 2.561. The bad news is the

SINGAPORE (April 4): The rebound that took place in the week of March 23–27 failed to get past 2,561 reached on March 27, establishing this as a resistance level.

SINGAPORE (March 27): In normal circumstances, resistance levels appear at previous highs and areas of congestion.

SINGAPORE (March 20): In normal times, the market should have rebounded earlier and the Straits Times Index should have rebounded 200 points to 2,620. But these are not normal times.

SINGAPORE (March 13): Finally, a white candle appeared on Friday the 13th.

SINGAPORE (March 6): At times of sharp declines, important lows provide support.