Tuesday, 21 October 2014

Asia shares boosted by Wall St rally

This is the headline of a market report found at Yahoo Finance.
https://sg.finance.yahoo.com/news/asia-shares-boosted-wall-st-024645106.html

The market seems to have found its bottom.  I reviewed the 3 month daily charts of FTSE ST All-Share, STI and FTSE ST Small-cap and found these 3 indexes are just fall short of their respective 100 day moving averages.  Moreover, the volumes dip slightly as the indexes inched up.  Due to the market volatility, I am staying out of the market and watching by the side.  Cash level in my portfolio remains more than 50%.  I am taking my time to search for bargains and to wait for the market to dip.

FTSE ST All-Share 3-Month Daily Chart


STI 3-Month Daily Chart


 FTSE ST Small Cap 3-Month Daily Chart




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