Dear readers, Singapore Stocks, as measured by the Straits Times Index are currently Overbought. As a result, I believe there will be a correction for Singapore stocks next, especially when there are still some uncertainties concerning the US-China trade tensions.
And the corrections are also likely when we were to reference the most recent two instances where the Straits Times Index was also Overbought: Jun 2019 and Sep 2019: the Straits Times Index headed south thereafter.
Against the current market backdrop, investors should wait for better clarity before their next investments.
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