Monday, February 12, 2018

Singapore Straits Times Index - Choppy Morning

Posted one of the most important market outlook this morning at 8:39am in my private forum on the market's direction and the banks' movement BEFORE the STI even started it's trading session. As of lunch time now, the market indeed had a choppy session earlier in the morning where it opened green, turned red and reversed back green again with higher points now. The banks also indeed lead the way as forecasted with DBS having a huge range for trading and after my earlier post on it suffering some mini selling before trending higher, it indeed happened as of now, closing near day high at 27.20.

Overall it has been a good day if you long the banks and all should be in the $ and even though there were sellers along the way, the market still turned green as of now. I had locked in some profits. It's a good day today.

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Update: 12/2/2018, 1:13pm

DBS continue to have more buyers after lunch!

Ronald K - Market Psychologist - A Stock Market Opportunist