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Wednesday, December 11, 2013

STI In Selling Mode

Message from fb "Trader Kakis Group":

Dow dropped 52points last night at 15973, below 16000 level. S&P -5@1802.
HSI -67 to 23744, SSE flat at 2237 yesterday. The Chinese markets are still bullish bias, I'm looking into buy H-share when HSI completed its retracement.

The STI index lost 31.92 points to 3081.72 yesterday. A very disappointed market for bulls. It broke 3120 two days ago attempt but unable to climb above it, surrendered to bears yesterday. The immediate support to monitor for today is 3050-3070 gap support area.

Bluechip to monitor for rebound:
Kepcorp
Citydev
Singtel
IndoAgri


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