SINGAPORE STOCKS: IS THE GREAT SINGAPORE SALE 2018 ON?

Dear readers, yesterday after Germany was eliminated from World Cup 2018 by South Korea’s 2-0 win, the US stocks also responded in a less than positive manner, by closing overnight as follows:

1) Dow: -0.68%

2) Nasdaq: -1.54%

3) S&P: -0.86%

With this showing from the US stocks markets, we could expect Singapore stocks, normally a price taker from the larger stocks markets to take similar cues and to go south later when the Singapore stocks markets opens later.

Yesterday, the Singapore Stocks market STI went south by 0.80% to close at 3,254.77. In my recent posts, I have shared with readers that the STI should likely head to 3,000 with this downtrend. That means another approximately 7.827% downward correction to the STI.

For the STI ETF which tracks the STI, I expect it to head to the support of $3.22 from the current $3.307 which is a support that means another 2.63% southing before going south again.

Right now, there is not much impetus or motivation for investors to go Great Singapore Sales shopping in the Singapore stocks markets. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.