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Dear readers, yesterday, Singapore stocks markets erased the declines it has been chalking thus far with the Singapore stocks markets benchmark STI up by a decent 1.16%. Some investors are thinking that now is the time to bargain-hunt for some good stocks since stocks markets have corrected recently and yesterday’s showing of the Singapore stocks markets seemed to indicate that Singapore stocks markets have bottomed out and are poised for a rebound. Not yet, says Tom K (myself).
SINGAPORE STOCKS MARKETS: WHAT’S NEXT? TOM K SHARES HIS VIEWS
Dear readers, Singapore stocks markets was down and then was up. Fluctuating in tandem with the US and regional stocks markets. Honestly, I think there is nothing bullish about the stocks markets. With the current STI showing, I would set the resistance of the STI at 3,600 level and with this resistance level, the upside would be limited.