Weekly Straits Times Index (STI) Technical Update
26 of March, 2012
By James A. Hyerczyk The Straits Times Index (STI) closed lower last week while posting an inside trading range. Trading inside of the previous week’s range is often indicative of impending volatility. The fact that the index stopped last week at 3029.92, slightly below the February 21 top at 3031.45 is a sign that the [...]
Weekly Straits Times Index (STI) Technical Update
19 of March, 2012
By James A. Hyerczyk The weekly Straits Times Index resumed the uptrend that had stalled the past two weeks after the index topped at 3031.45. Last week’s rally through this top also created a new higher swing bottom at 2906.58. The main trend will remain up on the weekly chart as long as this price [...]
Weekly Straits Times Index (STI) Technical Update
12 of March, 2012
By James A. Hyerczyk The Straits Times Index followed through to the downside early last week, helping to form a new main top at 3031.45. By the end of the week, however, the index had regained more than 50 percent of the week’s range. The strong comeback may be a sign that the current break [...]
Weekly Straits Times Index (STI) Technical Update
5 of March, 2012
By James A. Hyerczyk The Straits Times Index (STI) sold off early last week, taking out the previous week’s low and confirming the minor top at 3031.45. By the end of the week, however, the index closed higher, putting it in a position to continue its powerful weekly uptrend. A break-out through the minor top [...]
Weekly Straits Times Index (STI) Technical Update
27 of February, 2012
By James A. Hyerczyk After rallying to 3031.45, the Straits Times Index (STI) sold off sharply and posted a lower close for the week. This formed a weekly closing price reversal top, signaling the start of a possible major correction. The weak close puts the market in a position to test last week’s low at [...]
Weekly Straits Times Index (STI) Technical Update
20 of February, 2012
By James A. Hyerczyk The Straits Times Index closed above the psychological 3000 level for the first time since August 4, reaffirming the uptrend that began when the index posted a bottom at 2606.52 on December 20. The strong close also represented the eighth consecutive week that the index posted a higher-high than the previous [...]
Weekly Straits Times Index (STI) Technical Update
13 of February, 2012
By James A. Hyerczyk Last week the Straits Times Index soared after taking out a major Fibonacci retracement level at 2957.84. This price level represented a 61.8 percent retracement of the break from the August 1, 2011 top at 3227.28 to the October 5, 2011 bottom at 2521.95. While some investors may see this as [...]
Weekly Straits Times Index (STI) Technical Update
6 of February, 2012
By James A. Hyerczyk The Straits Time Index continued the impressive rally last week that began in late December. The power surge on Friday was triggered by the bullish U.S. jobs data that drove fresh capital into global equity markets as well as other higher yielding assets. Last week’s rally blew through a pair of [...]
Weekly Straits Times Index (STI) Technical Update
30 of January, 2012
By James A. Hyerczyk The Straits Times Index soared last week, taking out the October 28 top at 2905.72, reaffirming the weekly up trend and setting up the market for further upside action. This was the fifth consecutive week that the index produced a higher-top and higher-bottom, indicating that strong buying was behind the rally. [...]
Weekly Straits Times Index (STI) Technical Update
23 of January, 2012
By James A. Hyerczyk Despite low volume and falling volatility, the Straits Times Index finished higher for the week, setting itself up for further upside action this week. The slow and steady uptrend the index is experiencing is strong evidence of an institutional rather than speculative presence. With the market nearing tops not seen since [...]