Dear readers, the STI carried out a good rebound of 1.14% north yesterday to reach a close of 3,516.23. To appreciate the rally, let us look at the STI ETF, an ETF which tracks the STI. When the Singapore stocks markets corrected recently, the STI ETF went to a low of $3.35 on 9 Feb 2018. Yesterday, the STI ETF, buoyed by the STI rally went to a high of $3.52. This means that if an investor has bought into the STI ETF at $3.35 for a cool 3,000 shares at a total investment of $10,050 and sells the ETF at $3.52 for a profit of $0.17 per ETF share (around 4.82% profit margin), the investor would have profited a cool $510 before transaction fees.
Looking at the technical chart of the STI ETF, the ETF bounced off its 100-Days-Moving-Average with the 5-Days-Moving-Average looking set to cross the 50-Days-Moving-Average from below.
The STI ETF is now at $3.52 and the resistance seems to be at $3.60. I don’t think it is an attractive level to invest in the STI ETF now unless one thinks that there is still a potential upside for the ETF to $3.80 plus level. But I believe it is not easy to predict an upside for stocks while the more attractive option will be to buy more good stocks at market corrections like the recent corrections.
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Thursday, February 22, 2018
TOM K: MY ANALYSIS OF THE SINGAPORE STOCKS NOW
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February
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- BACK TO WORK AFTER CHINESE NEW YEAR: TOM K’S MUSING
- TOM K: MY ANALYSIS OF THE SINGAPORE STOCKS NOW
- What and Where to Invest in 2018: Roaring Opportun...
- GST TO INCREASE TO 9%, WHAT SHOULD YOU DO NOW?
- What and Where to Invest in 2018: Embracing the “G...
- WHAT YOU NEED TO KNOW ABOUT THESE SINGAPORE STOCKS...
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- WHAT YOU NEED TO KNOW ABOUT AVIATION STOCKS
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- HOW TO PROFIT PAW-SPEROUSLY FROM STOCKS IN THE YEA...
- TOM K WISHES ALL READERS A HAPPY CHINESE NEW YEAR ...
- GOOD NEWS TO ALL SINGAPORE STOCKS INVESTING READERS!
- US STOCKS MARKETS: VOLATILITY THAT ALL INVESTORS M...
- ONE THING YOU SHOULD KNOW BEFORE BUYING THE NEXT S...
- SINGAPORE STOCKS MARKETS OUTLOOK: REVEALED
- WILL YOU STILL INVEST INTO THIS STOCK?
- THE GREATEST Stock MARKET CRASH In Human History 2018
- IS IT TIME TO INVEST BACK IN THE STOCKS MARKETS NOW?
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- JIM ROGERS: TIME TO PREPARE ECONOMIC & FINANCIAL C...
- 1998,2008,... IS 2018 THE NEXT MARKET CRASH?
- HAPPY CHINESE NEW YEAR!
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- US STOCKS MARKETS DOWN MORE THAN 4%!
- HOW TOM K PROFITED FROM THE STOCKS MARKETS CORRECT...
- GST TO INCREASE NEXT?
- SINGAPORE STOCKS MARKETS: WHAT’S NEXT?
- HAVE YOU LI-CHUN ALREADY TODAY FOR BETTER WEALTH?
- STI STOCKS: AN UPDATE
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- WHAT AND WHERE TO INVEST IN 2018?
- FIVE BILLION-CAP STOCKS AT 52-WEEKS TRADING LOWS
- THE EDGE'S WEEKLY UPDATE: SINGAPORE STOCKS MARKETS...
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- FIRST STEP TOWARD WEALTH CREATION
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