Sunday, 22 September 2013

Market watch: STI 22/9

After the meeting last week, Fed reserve will continue its bond-buying and did not taper the QE as market has expected. The "good" news send most global markets up and Dow Jones hitting new high again. 
As for our STI, it has also reacted positively and last week it has crossed the pivot value of 3130, the falling rate has slowed down as per the monthly chart below. However, long term, it is still bearish as 50MA is still trending below 200MA.

In CNBC last week, Warren Buffet said that he is having a hard time finding things to buy, does that mean anything?


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