![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiWymo5-dy0tHaFP0j41QnojCVzRdt45cKW00Hl-ApmSfUFPwBoLVeNb5AWDyUwPyChDT-R98qs3_UeJ4_x6SoRynz4EYFpf7ZCoeS6sYBdRGhr-roav1Dipj1ctN1H1D33lP7FgJF_fpk/s320/STI2.JPG)
STIclosed at 3124, down 38.12 points today, it breaks the 20ma (white line), maybe will head to test 3100 the 38.2% Fibonacci level. If breaks below that, the next support level will be 3068.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhgrxiz9xQQ9BK0UpaY-n1Kh8LOWQ_EpJ4pJoTc4OpJGKiDdctb-I5gBgi9lLbfUu8V27HLMyDZxCbiab8gUUWUnO4VLrZtJWUVFFJE6p-NjPttwobsUSWYAzF6HfX3Ore8wmHkmhHgBi8/s320/BearishStock1.jpg)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjP5tuytfDC9x3yPW7hr_Oo1qStIniuMcboKU4x5cwiEQzYW69-C_O93QK6dm4bP86N5-bUCjaMgQK5vTLEma9b0ZamUc7EhIPjJhLgnNd9Z57r6ZU8MVWt6d9-jvHsot-X2phX9YAFDGo/s320/BearishStock2.jpg)
The list on the left is some bearish stocks that we should let go. The few that need to be highlighted is SGX, Noble, Midas, SIA,F&N, Capitaland, guccoland, RafflesMG...etc.. The trend is telling us to get out.