Dear readers, it was just very recently that the Singapore Stocks benchmark indicator, the Straits Times Index (STI) headed south to 2,200+. But look at the STI yesterday! The STI rallied by 6.07% to close at 2,505.47! And all the losses experienced by the Straits Times seemed to have disappeared!
I think many investors could have invested into some Singapore or overseas stocks when these stocks rallied recently and are now sitting on a good portfolio gain. I also think some other investors are tempted to enter into the stocks markets now, afraid to miss the rebound.
But I would really caution investors from doing so. The reality which is Covid-19 and slowing or affected economies has not abated. I would really think the stocks markets have every reason to head even south right now.
My target immediate support for the Singapore Straits Times Index is 2,000, lower than the previous support at 2,500 which I shared with readers.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
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