July 19, 2014
Stock Benchmark, Straits Times Index – July 7 to 11, 2014
Welcome to Moses’ Stock Analysis and Review Column
Let’s review how Straits Times Index, STI performed from July 7 to July 11. Straits Times Index has been struggled to bit the resistance of 3320 points since end May. This is one of the significant levels for STI, if you look left you will find this was a great level in 2013 between February to April.
Now, let’s have a look for the week July 7 to July 11.
On Monday, July 7, 2014 Straits Times Index started the week with a strong push, STI ended at 3291.57 points. STI has jumped 19.23 points higher from the last Friday closed at 3272.25 points.
However, the bull cannot keep the momentum to drive the index further north. On Tuesday, July 8, 2014 Straits Times Index ended weaker at 3283.34 points. STI dropped 8.23 points from the last closed at 3291.57 points.
On Wednesday, July 9, 2014 Straits Times Index continued to be weak. Straits Times Index closed low at 3275.46 points. Bull and Bear fight, left with two long tails. STI ended another 7.88 points lower from the last closed at 3283.34 points.
On Thursday, July 10, the market continued the downward momentum although the bulls try to drive north, but it has left behind a tail behind. STI has driven further south and closed the market at 3269.5 points. STI has fall another 5.96 points from the last closed at 3275.46 points.
On Friday, July 11, 2014, it was a great day to many. The bulls have wake up, Straits Times Index closed higher at 3293.73 points. STI jumped 24.23 points from the last closed at 3269.5 points. Will this jump set a tone for next week market trend; a bullish week ahead. Will see.
Over all, the whole week performance was still positive.
Chart tells (worth) a thousand words, see the chart for details. See the next posting for more.
Thanks for visiting the site, AmiBrokerAcademy.com.
Moses
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