Posted by Jeflin on August 8, 2008
On the eve of our National Day and the opening ceremony of the Olympic Games, there is actually little to celebrate as an investor. The ST Index dropped 27.17 points to close at 2807.54, volume was weak at 1.041 billion while gainers/losers stand at 197/327.
COSCO Corp’s shares plunged 12.2% following the shock “retirement” of president Ji Hai Sheng. Read the full article here.
Posted in Banking, Business, Economy, Hedge Funds, Oil, Stock Indices, Stocks | Tagged: Dow Jones, financial sector, investors, mortgage, Nasdaq, National Day, Oil, Singapore, ST Index, stock market, Stocks, unemployment, Wall Street | Leave a Comment »
Posted by Jeflin on July 23, 2008
Wall Street continue to finish higher on Wednesday. Dow Jones ended up 0.3%, Nasdaq composite gained 
almost 1%, and the S&P 500 was 0.4% higher.
Falling oil prices and the likely approval of a House bill which will stabilize the collapsing residential properties sector cheered the market.
Read the full article at http://jeflin.net
Posted in Stock Indices, Stocks | Tagged: Amazon, bear, bear rally, blue-chips, Dow Jones, Fannie Mae, Freddie Mac, Nasdaq, Northwest Airlines, Oil, ST Index, Stock Volume, Stocks, Washington Mutual, Yahoo | 1 Comment »
Posted by Jeflin on July 7, 2008
The ST Index closed Monday at 2934.12 after a slight rebound of 41.58 points. Regional markets performed strongly as well. But don’t get all excited just yet. A recovery depends very much on what surprises Wall Street have in store for us.
Read the full article at http://jeflin.net
Posted in Banking, Currency, Economy, Inflation, Oil, Stock Indices, Stocks | Tagged: Banking, Dow Jones, Economy, Inflation, Lehman, Nasdaq, Oil, S&P 500, ST Index, stock market, Stocks, Wall Street | Leave a Comment »
Posted by Jeflin on June 27, 2008
The ST Index closed today at 2955.91, down by 25.04 points. Gainers/losers stand at 173/409 while 1.077 billion shares were traded.
No surprise for the red ink given that Dow Jones tumbled 358 points to close at 11,453.42 (its lowest finish since Sept. 11, 2006) due to record high oil prices and fresh troubles brewing in the financial, high-tech and automotive industries. S&P 500 slided 38.82 (about 3%) to 1,283.15 and Nasdaq composite fell 3.3% to 2,321.37.
Read the full article here.
Posted in Banking, Currency, Economy, Inflation, Oil, Stock Indices, Stocks | Tagged: Banking, Citigroup, Currency, Dollar, Dow Jones, Economy, Goldman Sachs, Oil, ST Index, stock market, Stocks | 1 Comment »
Posted by Jeflin on June 23, 2008
Since Wall Street shed 220 points to end at 11842.69 last Friday (a three-month low sparked by fears about credit market and inflation), I expected the sell-offs to spillover to Asian stock markets.
Indeed, regional bourses (Nikkei, Hang Seng, Shanghai, etc) were not spared from the destruction. The ST Index fell 22.66 points to close at 2979.15 on a sagging volume of 1.056 billion. Gainers/Losers stand at 177/337.
Read the full article here.
Posted in Economy, Oil, Stocks | Tagged: Dow Jones, Federal Reserve, gainers, Hang Seng, investors, losers, Nasdaq, Nikkei, S&P 500, Shanghai, ST Index, stock market, Stocks, Wall Street | 2 Comments »
Posted by Jeflin on June 19, 2008
Since opening this Monday, the bulls have taken flight at Dow Jones and the index is descending steadily towards March lows of 11850.
As I mentioned before, if investors can or are willing to hold the fort here, we can look forward to a sustained upswing for the next week or so, barring unforeseen disasters.
Read the full article at http://jeflin.net
Posted in Currency, Economy, Inflation, Oil, Stock Indices, Stocks | Tagged: bulls, China, commodity, Dollar, Dow Jones, General Motors, Hong Kong, Oil, rate cuts, Shanghai, ST Index, Stocks, support level, Wall Street | 2 Comments »
Posted by Jeflin on June 16, 2008
Last Friday, the ST Index dropped marginally below the 2980 support level. That is despite a mini-rally at Dow Jones Thursday. It is of great concern to me as the next support is at 2920 and the STI trading at that range implies poor confidence in the economy and weak overall sentiment in stocks.
One major reason for the gloom is because of a drastic drop of 496 points in the Baltic Dry Index – a shipping and trade index that monitors changes in transportation costs of raw materials such as metals, grains and fossil fuels by sea.
Read the full article here at http://jeflin.net
Posted in Economy, Oil, Stock Indices, Stocks | Tagged: Baltic Dry Index, Dow Jones, economists, MAS, Nasdaq, Oil, S&P 500, Saudi Arabia, ST Index, stock market, Stocks, unemployment | 3 Comments »
Posted by Jeflin on June 12, 2008
I have not written market analysis for a while because the situation is too volatile to track on a daily basis. Just when you think oil has taken a beating, it surged back to the fore but before the ink has dried, it beat a hasty retreat again the very next day.
Read the full article at http://jeflin.net
Posted in Stock Indices, Stocks | Tagged: bear, Dow Jones, global stock market, oil inventories, rally, ST Index | Leave a Comment »
Posted by Jeflin on June 9, 2008
After Wall Street’s deplorable results last Friday, the question for ST Index today is not a matter of battering but how much collateral damage we will be seeing.
An oversold rebound for the Dow Jones is in order here, could be early this week.
Read the full article at http://jeflin.net
Posted in Banking, Economy, Oil, Properties, Stocks | Tagged: American Presidential election, Dow Jones, Hang Seng, investors, Lehman Brothers, Obama, real estate, ST Index, Wall Street | Leave a Comment »
