Dear readers, yesterday, the US stocks markets plummeted with the Dow Jones falling by 6.90%, the S&P by 5.89% and the NASDAQ Composite declining by 5.27%. Such a dismal performance by Wall Street has not been seen by quite a long time already.
However, as shared in my earlier post , I have already predicted the decline of the stocks markets right on 7 Jun 2020 based on a technical analysis done on the Singapore Straits Times Index.
Why is that so? Well, the Singapore stocks markets is small and hence it is a price taker. Furthermore, Singapore’s economy and stock markets are very open to the world. Thus I always think that through analysing the Straits Times Index alone, I am able to forecast the outlook of the global stocks markets.
That means, instead of looking at three US stock indices like NASDAQ, Dow Jones and S&P, I focus on technical charting on the Singapore Straits Times Index and make sense of the outlook of the global stocks markets from it.
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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