Dear readers, on my 23 Jun 20 post “Singapore Straits Times Index (STI) Stocks: Important Updates” , I shared how “It is unusually quiet for the Singapore stocks markets now. I believe my prediction of 2,500 level of the Straits Times Index will be tested soon.”
Indeed after my sharing, the STI has trended lower with a remarkable 1.5% drop on 25 Jun 2020. Not only that the US stocks markets have become more volatile in the recent trading sessions. Just overnight yesterday, the US stocks markets trended down once again in the league of over 2%.
The Straits Times Index at 2,603.43 is now currently oversold. More Straits Times Index stocks will be oversold as the Straits Times Index continue to be at the oversold level. Upsides for Singapore and overseas stocks markets are limited and there will be more selling in the macro markets.
I suggest Singapore investors take a break from the stocks markets for a while and take some time to do some good exercises.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! I also run another blog Singapore Stocks Investing with similar useful insights! 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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