Investment & Trading

Market Review:
Singapore shares continue the down trend and traded below 3000 mark and closed well below this level.

Market forecast:

• STI opened with gap down @ and crossed its major support level and took support multiple support zone of 2989-2985 mark and closed near to day low with loss of 1.20%.
• STI crossed its 3000 mark and traded below this level whole day and closed @ 2990 mark just near to day low, for this bearish move STI made a candlestick pattern called long black line; this is a single and highly bearish candle.
• As STI crossed its 3020 mark so we expect more down side movement in STI and it can touch 2950-2920.

 

STRAITS TIME LEVELS		STI Day Performance
Support 1	2970	Open	3011.41
Support 2	2950	High	3015.16
Support 3	2930	Low	2989.00
Resistance 1	3015	Close	2990.95
Resistance 2	3035	Change(Points)	-36.27
Resistance 3	3055	% Change	-1.20
		Volume	1488.1M
		Rise	126
		Fall	245
		Unch	415

Support:
STI having immediate support @ 2970 level and below this level it can take support @2950-2930 will be the support zone for STI.
Resistance:
STI having immediate Resistance @3015 and above this level it may take resistance @ 3035-3055.
Technical indicators:
Technical indicators MACD, RSI and CCI are turning.

Important Factor for today:
China’s official non-manufacturing Purchasing Managers’ Index (PMI) fell to 53.4 in January from December's 54.6, putting further strains on the market, as pressures from the massive sell-off in emerging markets show little sign of abating.

Top 5 Gainers			Top 5 Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
DBS	16.54	0.42	JSH 500US$	31.32	-3.63
ComfortDelGro	1.94	0.26	Genting SP	1.34	-2.9
Capitaland	2.76	0	HKLand US$	5.86	-2.66
Noble Grp	0.95	0	CapMallsAsia	1.715	-2.56
Wilmar	3.11	-0.32	JMH 400US$	52.35	-2.3

Important factor to watch this week 3rd to 7th Feb 2014:
S'pore Jan PMI
S'pore Jan foreign reserves
US Jan employment situation
 Corporate Action & Result Calendar as on 4th Feb 2014

Company Name	Type	Expiry Date	Record Date	Date Paid/Payable	Particulars
CDL HOSPITALITY TRUSTS	DIVIDEND	04 Feb 2014	06 Feb 2014	28 Feb 2014	010713 - 311213 SGD 0.0093 TAX EXEMPT
CDL HOSPITALITY TRUSTS	DIVIDEND	04 Feb 2014	06 Feb 2014	28 Feb 2014	010713 - 311213 SGD 0.0463 LESS TAX
FRASER AND NEAVE, LIMITED	DIVIDEND	04 Feb 2014	06 Feb 2014	18 Feb 2014	SGD 0.12 ONE-TIER TAX
FRASERS CENTREPOINT LIMITED	DIVIDEND	04 Feb 2014	06 Feb 2014	18 Feb 2014	SGD 0.0173 ONE-TIER TAX
STI ETF	DIVIDEND	04 Feb 2014	06 Feb 2014	20 Feb 2014	SGD 0.043 ONE-TIER TAX
TRIYARDS HOLDINGS LIMITED	DIVIDEND	04 Feb 2014	06 Feb 2014	18 Feb 2014	SGD 0.02 ONE-TIER TAX

Weekly wrap of STI:
Singapore shares tracked losses and heading for their biggest weekly loss in more than 3-1/2 months, Index slipped after disappointing Chinese manufacturing data raised concerns over the economy.
 
Week starts with flat node and initially traded in very narrow and same range below 50 day MA level, and mid of the week STI crossed its support level and badly fell 3100 mark. STI was opened @ 3137.26 and then it made a high of 3142.05 , and faced resistance at that level and fell down , took support at 3071.28 and finally closed at 3075.99 with loss of 71.34 points down by 2.27% wow basis.

• STI faced tremendous resistance at its 3155 level this week, didn’t crossed this high. Faced selling pressure at higher levels and crossed support level.

• STI formed candlestick pattern called Tweezers top, where 2 consecutive candles shares a same level of High and cant able to cross this high. Here in STI faced resistance @ 3153-3155 mark from last 2 weeks and cant able to sustain above this. The Tweezers Top reversal pattern is extremely helpful because it visually indicates a transfer of power and sentiment from the bulls and the bears.
• For the coming week we can expect some more upward move if it will maintain above 3155 levels than it could touch 3190-3220 mark and on the other side if STI crossed its 3120 mark then we will see more downside movement.

• STI having Resistance @ 3155 and above this level it may take resistance from 3175-3190 levels.

• STI having nearest support @ 3120 below this 2995-2965 will be the support area for market.

S1	S2	S3	R 1	R 2	R 3
3020	2995	2965	3155	3175	3190

STRAIT TIMES WEEKLY WRAP
OPEN	3150.74
HIGH	3155.89
LOW	3115.80
CLOSE	3147.33
CHANGE (In Points)	+3.51
% CHANGE	+0.11%

STRAITS TIME LEVELS
Support 1	3040
Support 2	3015
Support 3	2990
Resistance 1	3075
Resistance 2	3095
Resistance 3	3120

Resistance:
STI having immediate Resistance @3075 and above this level it may take resistance @ 3095-3120

Technical indicators:
Technical indicators MACD, RSI and CCI are turning lower.

STRAITS TIME LEVELS
Support 1	3095
Support 2	3065
Support 3	3040
Resistance 1	3130
Resistance 2	3150
Resistance 3	3165

Market Review:

STRAITS TIME LEVELS
Support 1	3120
Support 2	3095
Support 3	3060
Resistance 1	3150
Resistance 2	3165
Resistance 3	3185

Singapore share prices opened higher on Wednesday with the Straits Times Index down 11.44 points to 3,176.23. Volume was 42.6 million shares worth S$58.1 million. Losers outnumbered gainers 67 to 35. It’s rose by noon with the Straits Times Index down 3.81 points to 3,183.86. Volume was 630.4 million shares worth S$316.9 million. Losers outnumbered gainers 199 to 81.
Market Review:
Singapore equities open flat and closed in negative numbers.
Singapore shares open @3181.90 levels which is lowest level of the day and then STI took support at this level and made day high @ 3197.09 and finally closed @ 3187.67 with loss of 1.090 points down by 0.03%.
Some 1.39 billion shares, valued at S$851.7 million were traded. Gainers numbered 166 while losers numbered 237.

STRAITS TIME LEVELS
Support 1	3160
Support 2	3145
Support 3	3125
Resistance 1	3205
Resistance 2	3215
Resistance 3	3235

Market forecast: 
STI took support at its up slopping trend line, which made by higher lows and STI closed with good gain. Also STI closed above its 50 & 200 day MA level.
As we mention in our weekly report that STI trading within a symmetrical triangle and also maintain itself to be within a formation so we can expect some recovery if it will maintain the same.
STI trading at support levels and taking halt @ 3162-3165 levels, so we can consider this level as a multiple support zone.

Support:
STI having immediate support @ 3160 level and below this level it can take support @3145-3125 will be the support zone for STI.
Resistance:
STI having immediate Resistance @3205 and above this level it may take resistance @ 3215-3235
Technical indicators:
Technical indicators MACD, RSI and CCI are turning from lower.

Market Review:
STI shares fell on the 4th continuous day, and closed well below the 50 & 200 day MA levels after minutes of the US Federal Reserve's October meeting indicated possible stimulus withdrawal at one of its next few meetings
Singapore shares open with gap down @ 3175.70 and then just made day high @3176.76 and then it traded lower side and made day low @ 3158.40 and then it recovers and closed @3172.38 with loss of 11.85 points down by 0.37%
Some 1.44 billion shares, valued at S$948.3 million were traded. Gainers numbered 136 while losers numbered 271.
Singapore raised its full-year growth forecast for 2013 to between 3.5 and 4.0 % after third-quarter GDP grew 5.7 % from a year ago, helped by further signs of a recovery in manufacturing and continued strength in services.

Market forecast:
STI closed below its 50 & 200 day MA level and also closed with recovery.
STI formed a candlestick pattern called “Hammer” A hammer is a type of bullish reversal candlestick pattern, made up of just one candle, The candle looks like a hammer, as it has a long lower wick and a short body at the top of the candlestick with little or no upper wick. here the hammer form in a downtrend this is a sign of a potential reversal in the market as the long lower wick represents a period of trading where the sellers were initially in control but the buyers were able to reverse that control and drive prices back up to close near the high for the day, thus the short body at the top of the candle.
After seeing this chart pattern form in the market most traders will wait for the next period to open higher than the close of the previous period to confirm that the buyers are actually in control.
Two additional things that traders will look for to place more significance on the pattern are a long lower wick and an increase in volume for the time period that formed the hammer.

Support:
STI having immediate support @ 3155 level and below this level it can take support @3135-3115 will be the support zone for STI.

Resistance:
STI having immediate Resistance @3195 and above this level it may take resistance @ 3215-3235

Technical indicators:
Technical indicators MACD, RSI and CCI are turning from lower.

Technical view on STI

STRAITS TIME LEVELS
Support 1	3155
Support 2	3135
Support 3	3115
Resistance 1	3195
Resistance 2	3215
Resistance 3	3235

Technical view on STI

STRAITS TIME LEVELS
Support 1	3185
Support 2	3165
Support 3	3145
Resistance 1	3205
Resistance 2	3220
Resistance 3	3235

As we previously mention that STItraded in a triangle pattern and yesterday it touched its breakout level of 3218. Pattern starts from 19th Sept from the highest high of 3260.14 and then it took support on 3104 level on 8th Oct and again made high which is lower than previous high i.e.3235.25 and then it faced resistance at this level and fell down and took support @ 3163 which is higher than previous low, now its next move may be breakout from this pattern and if it will crossed 3220-3235 then it will definitely move upwards.