SG Market View Update - DBS Research 2018-08-01: Don’t Bet Against A “Perfect 10”

Market View Update - DBS Group Research Research 2018-08-01: Don’t Bet Against A “perfect 10” – Take Profit Towards Sti 3340 To 3355 Straits Times Index Stock Market Updates

Don’t Bet Against A “Perfect 10” – Take Profit Towards STI 3340 To 3355

  • Our earlier view for a July rebound did pan out. 
  • Short-term traders should sell-into-strength towards STI 3340-3355 as we think the STI will head lower in August.
  • Did you know that the Singapore market ended lower in the month of August compared to July without fail over the past 10 years? The STI has suffered a median decline of 2.1% and average decline of 4.2%.



~ SGinvestors.io ~ Where SG investors share


  • Trend for a ‘negative August’ should continue this year giving lingering US-China trade war concerns – Latest news: Even as the US and China seek to restart talks to defuse a trade war, the Trump administration is considering a higher 25% (from 10%) tariff on US$200 billion of Chinese imports.
  • STI’s near-term upside is capped at 3355; we do not rule out a test of 3220 in August.
  • We think the 10-year curse can only be broken if there is headline news that reads ‘War is finally over!’





Yeo Kee Yan CMT DBS Group Research Research | Singapore Research DBS Research | https://www.dbsvickers.com/ 2018-08-01



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