Skip to main content

SG Sector Relative Strength for this Week: 2 - 5 May 2017

Security Name RS 13 MA Short St 144 MA Long St
FTSE STI CON SERV 25.5675 25.3381 0.2294 25.3558 0.2117 Strongest
FTSE ST REAL ESTATE HOLDING & DEV INDEX 27.4623 27.26 0.2023 25.3503 2.112
FTSE STI FINANCIAL 27.5499 27.4503 0.0996 27.0523 0.4976
FTSE ST REAL ESTATE INDEX 25.4336 25.3475 0.0861 24.7008 0.7328  
FTSE ST MARITIME INDEX 7.1776 7.0969 0.0807 6.2999 0.8777  
FTSE STI MID CAP 23.2289 23.184 0.045 23.4751 -0.2462  
FTSE STI FLEDGLING 25.9199 25.9028 0.017 25.2843 0.6356  
STI FTSE STRAIT TIMES INDEX 100 100 0 100 0  
FTSE STI CHINA 7.2856 7.2882 -0.0025 7.0635 0.2221  
FTSE ST REAL ESTATE INVESTMENT TRUST 24.2974 24.3053 -0.0079 24.6787 -0.3813  
FTSE STI TECHNOLOGY 7.1833 7.1924 -0.0092 8.0186 -0.8353  
FTSE STI ALL SHARE 24.4476 24.4649 -0.0173 24.4888 -0.0412  
FTSE STI BAS MAT 3.4613 3.5185 -0.0573 3.4562 0.0051  
FTSE STI INDUSTRIAL 25.541 25.6129 -0.0719 25.2569 0.2842  
FTSE STI CONS GOODS 16.4676 16.5405 -0.0729 17.6311 -1.1635  
FTSE STI SMALL CAP 12.699 12.7818 -0.0827 13.0347 -0.3357  
FTSE ST CATALIST INDEX 16.0409 16.2068 -0.1659 15.9825 0.0584  
FTSE STI UTILITIES 11.5691 11.751 -0.1818 12.2666 -0.6975  
FTSE STI TELECOMMU 29.8636 30.18 -0.3165 32.5457 -2.6821 Weakest
FTSE STI OIL&GAS 11.3956 11.8486 -0.453 11.608 -0.2124
FTSE STI HLTH CARE 44.7906 45.4373 -0.6466 48.8708 -4.0802
*Sector Relative Strength (RS) Against Straits Times Index

Popular posts from this blog

Eventful Week: FOMC Decision and Earnings Reports Headline Upcoming Week

  Eventful Week: FOMC Decision and Earnings Reports Headline Upcoming Week The week ahead is shaping up to be a busy one for the markets, with the Federal Open Market Committee (FOMC) meeting and earnings season taking center stage. The FOMC is widely expected to raise interest rates by 25 basis points on Wednesday, in an effort to combat inflation. This will be the first rate hike after June's pause, and investors will be closely watching the accompanying statement for any clues about the pace of future rate hikes. Earnings season is also in full swing, with more than 100 companies in the S&P 500 scheduled to report results this week. Investors will be looking for signs of how companies are weathering the current economic and geopolitical challenges. In the meantime, China markets appear to be stabilizing, with the yuan holding steady against the dollar below 7.25 and KweiChow Moutai (600519), a vital component of the China A50 index, which displays strength by breaking out
Read more

Wyckoff's Law of Effort

Law of Effort Wyckoff's Law of Effort states that on any single trading day (or week depending on time frame), huge volume (effort) push by participants should see huge price movement, resulting in a wide spread (long body). This is a basic principle of effort and result. However, as per Singtel's case study, we saw huge selling volume on 11 May, yet the price action only shows a narrow spread (small body). This divergence of effort and result in Wyckoff's Law of Effort principles, indicates possible exhaustion in selling or hidden buying. Thus, with a lack of weakness, Singtel should continue trading range bound for the coming days or weeks till further strength or weakness is observed. Swing Traders who trades range can consider positions at 3.70-3.72, with exit target 3.76-3.78.
Read more

Markets searching for technical support

  Thoughts on Week Ahead: Week 21 Aug 2023 Markets searching for technical support US FOMC minutes have confirmed market’s fear of a hawkish US FED. This fear has triggered a continued sell-off in global equities over the past week. China economy and policy did not help too much either. China Evergrande filed for chapter 11 in US while Country Garden future remain uncertain as investors continue to keep an eye for a more aggressive policy from Beijing to support the economy and people’s confidence. From a technical perspective, markets are searching for technical support levels, where bargain hunters are willing to come in. Support levels are 4,300 for S&P 500 and 3,130 for STI. For the week ahead, market participants will be zooming in on US FED Chair Powell’s speech at the Jackson Hole meeting.  We did not uncover trading (tactical) set up for the week ahead and will update once we identify any. Have a great trading week ahead.  Headlines for Week Ahead: Key corp earnings (Nvidia
Read more