Singapore Stock Market News

Alpha Edge - Rebound is in progress

StockFanatic
Publish date: Fri, 16 Oct 2015, 04:52 PM
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■ US and Asia's 1-2 months equity market rebound is already in progress. Oct and Nov should be positive months.

■ US bond yield eased over the past few weeks, but our long-term uptrend view is unchanged.

Singapore's STI and Indonesia's Jakarta Composite wave counts are clear. Immediate-term rebound is still in progress.

Malaysia's FBM Small Cap Index is facing a major resistance trendline, and might need to rebuild its support base first before challenging this resistance.
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