Stocks To Watch
Sembcorp, iFAST, Valuemax, Top Global, Koh Brothers, OKP
Read more....L i n k
North and South American Indexes
| Index | Country | Change | % Change | Level | Last Update | |
|---|---|---|---|---|---|---|
 |
Dow Jones Industrial Average | United States | +257.42 | +1.59% | 16,453.83 | 4:41pm ET |
| |
S& P 500 INDEX | United States | +31.24 | +1.65% | 1,926.82 | 4:41pm ET |
| |
Brazil Bovespa Stock Index | Brazil | +683.12 | +1.67% | 41,630.82 | 3:20pm ET |
| |
Canada S& P/TSX 60 | Canada | +18.14 | +2.45% | 757.82 | 4:43pm ET |
| |
Santiago Index IPSA | Chile | +19.37 | +0.65% | 2,982.04 | 3:07pm ET |
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IPC | Mexico | +484.91 | +1.13% | 43,585.23 | 4:06pm ET |
European Indexes
| Index | Country | Change | % Change | Level | Last Update | |
|---|---|---|---|---|---|---|
| |
FTSE 100 | England | +168.15 | +2.87% | 6,030.32 | 1:01pm ET |
| |
Euronext 100 | Europe | +21.83 | +2.68% | 835.66 | 12:05pm ET |
| |
CAC 40 | France | +122.81 | +2.99% | 4,233.47 | 12:05pm ET |
| |
DAX | Germany | +242.10 | +2.65% | 9,377.21 | 4:45pm ET |
| |
Swiss Market Index | Switzerland | +132.40 | +1.69% | 7,946.19 | 11:31am ET |
Nine of the 10 major S & P sectors closed higher, with energy rising 2.9 percent.
So now WS three-day winning session - DJ 5% higher, NASDAQ super charged 7% higher. Yesterday, purportedly indices buoyed by exuberance over oil. Real prata dance. One day this, one day don' t know what else. See how sentiment driven financial mkts are. Do things reflect fundamentals at all. Like I said probably very little. So, all those gods who are so super sure of what' s gonna happen six mths or 1 yr on, are u gonna exercise ur godly powers when the time comes? Well take care of ur credibility .... I never claim to have such supernatural powers. Only thing I say is where we wld be in six mths/one yr depends on the sentiment being played.
Long oil and related.... enjoy...
Straits Times Index
2,613.79 -1.16% -30.79
Oil prices weigh on Singapore shares, STI ends 31 points down
Singapore shares lost their fizz after oil prices again fell below US $ 30 (S $ 42.20) a barrel as a deal between Saudi Arabia and Russia to freeze output failed to assuage anxiety over the oil rout.
West Texas Intermediate crude fell 0.4 per cent to US $ 28.92 a barrel, after sliding 1.4 per cent on Tuesday (Feb 16) on news that the two countries agreed to hold output near record-high levels, instead of cutting it.
Profit-taking on blue-chips knocked down the benchmark Straits Times Index by 1.16 per cent or 30.79 points to 2,613.79 Singtel fell 2.9 per cent or 11 cents to S $ 3.69, with 33.5 million shares traded . UOB sank 3.4 per cent or 61 cents to S $ 17.20, and DBS dipped 0.6 per cent or eight cents to S $ 13.60.
Traders are also watching the release on Thursday of minutes of the United States Federal Reserve' s meeting last month, when officials had indicated they were monitoring market turmoil, which may delay further monetary policy tightening.
Read more .... L i n k
Dow future flat
European Indexes
| Index | Country | Change | % Change | Level | Last Update | |
|---|---|---|---|---|---|---|
 |
FTSE 100 | England | +40.50 | +0.69% | 5,902.67 | 3:24am ET |
| |
Euronext 100 | Europe | +3.18 | +0.39% | 817.01 | 3:09am ET |
| |
CAC 40 | France | +16.84 | +0.41% | 4,127.50 | 3:09am ET |
| |
DAX | Germany | +65.24 | +0.71% | 9,200.35 | 3:24am ET |
| |
Swiss Market Index | Switzerland | +61.44 | +0.79% | 7,875.23 | 3:24am ET |
Couple of reasons for my belief/guess...
1. China pledging support for industries and yuan. Hope they dont do the otherway..
2. China markets sort of bottom out and back to where they were before (with some % higher than 2014).
3. FED wont raise the rates for the rest of 2016 and EU/Japan flooding cheap money.
4. China economy also bottoming out and will start growing slowly.
5. Commodity is also bottoming out.
Though nobody sure what is the bottom. my feel is we are near to bottom. I dont see STI going down to 1800 as some people predicted here.
Those can hold for 1-2 years can start buying slowly... I have started buying...
Again this this not a bad devt - price stability to allow considered slow accumulation of good deeply undervalued counters. Better than a sharp reversal resulting in panic buying.
My personal view is we are somewhere near to bottom..i have also guessed this crash in oct 2015 and posted here.now i feel time to buy slowly...perhaps not O& G. But banks,telecom and property counters.
