Expect STI to be up slightly as Dow up a bit with US trade deficit at 1-1/2-year low, amid strong US labour market. US stock market likely to close year high on strong data based on my analysis plus i suspect there could be year end window dressing. Market trading sideway as US and China disagree on the size of agriculture purchases, thus the likelihood of a phase one trade deal by end December getting tougher. Japan also unveils US$120b stimulus package, thus stock market see a lot of hot money moving around and global market unable to come down. Oil price remain strong and OPEC meeting ends with market expecting deep production cut, thus oil related counters wiil still be in play. Rex, Semb corp and keppel corp may slowly creep up. Aramco listing is definitely helping maintain oil price. Today is Friday expect STI and pennies to be trading sideway on low volume. Thanks and have a good coming weekend ahead all.
Expect STI to be up slightly as Dow up a bit with US trade deficit at 1-1/2-year low, amid strong US labour market. US stock market likely to close year high on strong data based on my analysis plus i suspect there could be year end window dressing. Market trading sideway as US and China disagree on the size of agriculture purchases, thus the likelihood of a phase one trade deal by end December getting tougher. Japan also unveils US$120b stimulus package, thus stock market see a lot of hot money moving around and global market unable to come down. Oil price remain strong and OPEC meeting ends with market expecting deep production cut, thus oil related counters wiil still be in play. Rex, Semb corp and keppel corp may slowly creep up. Aramco listing is definitely helping maintain oil price. Today is Friday expect STI and pennies to be trading sideway on low volume. Thanks and have a good coming weekend ahead all.
Reply to @Li_Guang_Sheng : thank you GS
$SingTel(Z74.SI)I'm planning to jeep SIngTel on bullish continuation pattern
$ComfortDelGro(C52.SI)breakout