In April this year, I shared that a longer downtrend for Singapore stocks might have set in, though it may not be apparent to many investors; you can revisit the post here .
A month later in May this year, I shared through looking at the STI ETF, an ETF which tracks the STI, that the Singapore Stocks markets seem to be in a fatigue and with not many positive catalysts, I have predicted that stocks markets will go south; you can read this post again here .
Thereafter, the STI continued to head south by almost 10% from its intra-year peak of around 3,600 to around 3,200. With not many positive catalysts on the macro front to boost and reminding investors that Singapore Stocks at 3,200 is still considered a high level since stocks markets corrections for 2018 was based on a very high base of year 2017 that global equities have chalked up, I warned investors of more downside to Singapore stocks and reiterated my belief in the STI heading below 3,000 as per my earlier post here in Jun 2018.
In July this year, looking at the stocks markets backdrop, I informed readers of my confidence that Singapore Stocks markets will drop to 2,880 as per my post here .
Thereafter, I continued to advise investors that the macro environment is poised to be bearish to stocks. In my most recent post on this topic earlier this month (the post is here ) ; I told readers that below 3,000 (the psychological level of the Singapore stocks markets); the momentum south for Singapore stocks would get larger: that is the fall of Singapore stocks will be accelerated than ever as sellers turn out in droves and sell, and causing panic selling across the investing fraternity.
Looking ahead, I believe Singapore stocks markets will head now to 2,880. Why 2,880? Well, it is 20% off the intra-year high of around 3,600 for STI and this 20% is where markets officially become a bear market or have corrected.
Thereafter, the STI will head to 2,500! 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.
