I will be on radio on 93.8live later at 10:40am. Just want to write down what I am going to talk about later.

1) Market comparative strength

Based on my analysis over the 1 week and 1 month basis, the US market is comparatively weaker than the HK and China Market. This maybe due to drop in crude oil benefitting the manufacturer(China) more than the consumer (US)

Next the STI index, the STI remain on long term side way trend with up basis. Resistance is at 3370 which we had tested 3 times since Aug last year. Support is at 3380 and 3310. There is a long term uptrend line which began since Feb 2014.

In terms of sector, the oil and gas sector remain weak. Stock like Kep Corp and Semb Mar. Resource sector is also weak like Olam and Noble.

Strong sectors remain to be transport and logistic sectors. Stock like CWT and SIA. Another strong sector is Reits.

Bonus.. Gold. Not much people talking about Gold now because of the anticipate rate hike that maybe coming. Higher interest mean strong US$ , which generally is bearish for gold. So there is inverse co-relation between the two.

However, this relationship seem to be breaking down. Since Gold and Gold Miners are not making lower low even when USD is making higher high.

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