Singapore Stock Market News
No signs yet of a turnaround
StockFanatic
Publish date: Wed, 26 Jun 2013, 01:55 PM
StockFanatic
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Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
The MSCI Asia ex-Japan (MAxJ) monthly MACD has just turned
negative with its major support trendline broken at 500pts. However,
daily indicators show some positive divergence signs. We could see a
short-term rebound soon.
South Korea's Kospi is showing signs of breaking down after almost two years
of staying in a sideways triangle. We see more downside for Kospi. S&P500's
decline below its previous 1,598 low is not a positive sign, either. Weekly
technical indicators have already turned negative for the S&P500.
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