Dear readers, yesterday the Straits Times Index (STI) closed at 2,542.08 down by 0.66%. Intra trading day yesterday, the STI retreated to an intra-day low of 2,528.94 which means an about 1.18% southing of the STI. To me this was a significant move of the STI given that there were no clear bearish stocks markets news to drive the Singapore stocks markets down. The US stocks in general also hit further highs on Tuesday.
This to me could mean that there was some significant selling of Singapore stocks yesterday. And if this selling was as what I mentioned not triggered by bearish stocks markets news, it would be anticipation of bearish stocks markets conditions or even market corrections next.
And if the Straits Times Index could correct 1.18% intra-day when there were no clear stocks markets corrections, what’s more if there were bearish stock markets news and indicators?
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