SINGAPORE STOCKS: TO BUY, HOLD OR SELL NOW? TOM K SHARES HIS THOUGHTS

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Dear readers, Singapore stocks have undergone a mild correction for the year-to-date. From an intra-year high of 3,641.65 to yesterday’s close of 3,287.40, the STI has retreated by around 10%. So is now a good time to accumulate some stocks on the cheap or buying now at this point is akin to “catching a falling knife”?
From what I could relate from the technical charts of the STI ETF, the current STI ETF has somehow breached below the key support of $3.35. I would think that should macro uncertainties like the trade tensions, Italian political developments etc continue to be on the horizon, there is no stopping the STI ETF to head south to the next support at $3.15. That would then bring the STI to below 3,000.
For investors who do not like to time the stocks markets and prefer a long-term approach to investing, they could start to buy a little down though for myself, I would think that the current STI though has corrected is still high instead due to the high base arising from the very good positive performance of Singapore stocks in year 2017. I would set for myself a level of STI going to below 3,000 next. 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.

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