Singapore Stock Market News
Alpha Edge - Signs of cracking
StockFanatic
Publish date: Sat, 25 Oct 2014, 04:37 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.
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| US S&P500 weekly price chart |
The US and regional equity markets should rebound soon after the sharp correction over the past fortnight. However, the medium-term trend is still down. The S&P500 monthly MACD has just turned negative while the DJIA has broken off its 1-year diagonal triangle formation. China's Shanghai Composite is resilient but negative divergence in the daily technical indicators could mean consolidation ahead for this Index.
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