The STI broke down today. It looked like big funds are selling because of some bad news at the moment. I am not really sure what's the news is but from the chart, you can see that the market broke down from the floor because the wall cannot be broken. The Singapore market is getting from bad to worse as the lacked of quality investments and the exodus of big players has caused the lackluster of major players here in the country. Today's breakdown double assured that it's one of the weakest asia market as compared to Hong Kong. It was fearful selling earlier and will I trade or invest in Singapore stocks now? Yes, but very selective counters only because nothing really looks exciting even though those small penny stocks and those medical stocks performed which normally got queried for their trading activities.
Ronald K - Market Psychologist - A Stock Market Opportunist
