Dear readers, the Singapore stocks market benchmark indicator, the Straits Times Index (STI) is now at 3,089.16. The STI shows some signs of up in recent sessions after some notable downs recently. I am of the view that the STI will test the 3,000 level in the coming sessions as the bearish factors are more compelling than bullish factors (if any).
Notice my title? 3,000 psychological level for another entity? I hate to write this but I am referring to the number of Covid-19 cases in Singapore which has been trending up and up in recent days.
For the second consecutive day, Singapore’s daily tally of Covid-19 cases exceed 2,000. Yesterday’s was at 2,268. It seems to me just a few days ago, we were at 1,000 plus cases, now the daily tally is over 2,000. It is hence without a doubt that the next 1,000 mark (at 3,000) will be the next psychological level for the Singapore’s daily Covid-19 count.
I hope of course for STI to go up from 3,000 psychological level and for the number of Covid-19 cases in Singapore to go below 3,000, and to be very frank, go down as low as possible.
Stay Safe and Take Care everyone!
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