WHAT TOM K HAD RECENTLY SHARED WITH SINGAPORE STOCKS INVESTING SUBSCRIBERS
If there is one important takeaway from the Singapore stocks markets this week for me, it would be my noting of the very important technical setup of the STI as described in my post here.
The above point to me is a very important milestone as it means that the STI which has been on a uptrend for a continuous span of two years may be poised to have some sustained downside even when the Singapore stocks is already down by quite a fair margin year-to-date.
As I have shared in this post here ; the downside momentum may get more as more sellers emerge. With the above set-up, I believe the STI will be poised to touch 2,880 soon and with that, the STI would have shaved 20% off its intra-year high of 3,600 and Singapore stocks would then enter into a bear market.
The above is just my sharing. Of course, nobody really knows what would happen to the global and local stocks markets. It could well be a case that equities after having corrected would gradually head north.
But I do not have many bullish reasons to think of for a more bullish stocks markets outlook. At the end of the day, when it comes to investing, it is all about your own personal judgment and making your decision. I find it important to always have some kind of your own personal decision so that one would not follow the crowd and be clueless as to what one is doing about his hard-earned monies.
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