SINGAPORE STOCKS: MORE SELLERS IS EXPECTED TO EMERGE!
Dear readers, the STI may be making some little headways yesterday but the fact remains that the outlook for the macro stocks markets as a whole is likely to remain bearish. In my opinion, there are not many bullish factors to take the Singapore stocks markets forward on the macro level. Many would expect that if the Federal Reserves’ intended rate hikes come a bit too fast in terms of frequencies that might cause stocks markets to react in a non-positive way.
Also on the technical front, as what I have previously shared, the STI ETF seemed to be poised to have entered into a more bearish trend (read here if you have not) now.
And here is an interesting finding of mine. Since the STI is now going lower, every point shaved off the STI would mean a larger percentage decline which might translate into more selling by investors since stocks markets are governed mostly by emotions. 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.