STI Outlook for 30 Aug 2007

As in the chart, STI hits 200MA and rebounded strongly. With Dow & Nasdaq moving up strongly in overnight trading, STI will continue its uptrend on Thursday in early hours of trading.
IMO, the STI's volume on Wednesday was a bit disappointing. In addition, Dow & Nasdaq closed just below their resistance lines. Therefore, this uptrend may end soon.

STI Outlook for 29 Aug 2007

All 3 Indices shown here have broken there uptrend lines. The bad new is they have not found a good support line. But, the good new is the selling volumes are weaker. Thus, I see a further retracement in next two days. STI need to reach to a supporting level( 200MA) to create a new bull trend.

Comex is on this weekend, I believe the sale figures will be poorer than before. Due to, additional of 2% GST, Nets issue,etc. This will only affect a small percentage. The main issues are still in US. Thursday night, US will have the Q2 Preliminary GDP, I believe it will give to market some upside push.

China's Influence to the World!

China's SSE hit new high this week.

Recently, there are lots of problems that are surfacing, mainly, inflation problems. This inflation problem are spreading to us. China's Yuan which have not been moving in values, have causes China's exporters to increase $$ for their goods. In additon, some cities in China have reported to have housing loan problem. There is a big storm brewing, we may not be able to avoid but we can reduce the impart to the minimum.

STI Outlook for 27 Aug 2007

Thursday, a retracement happened in the late morning once STI was just slightly above 50 days MA.( read my Thursday post. ), This ended on Friday at 3318 (support), and ended the day at 3369.
On Friday night, we see that both Dow & Nasdaq up by 1%+.Therefore, this coming Monday STI will be going up but whether can STI overcome 50 days MA ( Blue line ) is a question. A retracement will likely to happen again either on Tuesday or Wednesday. At 3415 there is a resistance and at 3322 a neutral point.
To know what likely to happen later in the week we go back to 2006 mid year correction. See below charts. The angles at which the Indexes are going up are very steep. Thus, the support lines are weak.

STI Outlook for 23 August 2007

New uptrend have started, a retracement may happen on this afternoon or on friday. Therefore, Invest with care.

STI Outlook for 22 Aug 2007

Well, my words are in the picture.

STI Outlook for 21 Aug 2007

Just uploaded this week STI analysis.
Mainly looking at Trading Volume. This week, hope STI can stay above 200 days MA at 3250.