Market updates 15 March 2017 - Should we sell now?

On the interview with 938 Live FM yesterday, these are some of the talking point that I have shared with the listeners. The biggest question now is should we sell now?

STI down 6 points to 3137, this morning the market falls more than 25 points due to the weakness of the US market as traders sell off shares ahead of FOMC meeting today. Since STI make the new high one month ago, it went into a consolidation phase as we have not seen it moving higher nor lower, currently resistance is spotted at 3150 and resistance is spotted at 3100. If STI can break above the resistance or the support, we will see more clearer picture of the direction of the market.

Market has been rallying over the past few month, what should investors do now? Is it time to sell?

I think overall market is still strong and there is no sign of weakness, to sell everything now might not be the best way to position our portfolio as market could possibly move higher. Most retail investors will keep under performing stock and sell the profitable stock too early. However I would sell away those non performing stock now at the market high as to reduce my overall exposure. Only if STI fall below 3100 support, then i will clear more position

Which sector or stocks are you looking right now?
Right now the strong sector is IT Electronics sectors, stock that is involves with microchips are doing well recently. Stock like venture, UMS and Valuetronics shows that this sector seems resilience towards the fear of the market. Other than the electronic sector, 

938 Live Singapore Market Updates - 18 Jan 2017

Why were markets mixed, ahead of incoming U-S President Donald Trump's inauguration on Friday?
Market was down following the the US market, as Dow jones fall slightly by 0.3%. The USD index descended in response to the remarks made by the US President-elect Donald Trump that USD was overly strong. The US stocks softened last night. Asian markets traded mixed with Hong Kong stocks faring well, Hang Seng index up more than 1%, Singapore STI fall to the low of 2990 and manage to recover the losses to close at 3000. Overall market was pretty concern about the Donald trump's inauguration this friday, but we have not seen any big surprise move yet.

Turning our attention back to Singapore, the company earnings season is gearing up in full swing. What's your take on this?
I think with the Earnings coming out, market will be more exciting and also expect to have more volatility. Next week 26 Jan, we will see Keppel Corp earnings , with the price moving higher over the past 2 month, this could be telling us that Oil stock is recovering. I think we can look forward to watch some of this oil stock's earnings.

Singapore's STI is hovering around the three thousand psychological mark. Is the local market due for a correction?
Over the past 2 month, most of the gains on the index stock was due to the bank sector, however the rest of the other sector did not really have a big move, hence if there is a correction, i would think that the banks will probably pull back a slightly as it is in the overbought region. With US dollar weaken last night, i see that some of the stock started rally, hence if STI were to pull back below 3000 due to banks having some pull back, some other sector might play catch up and move higher. Hence instead of pulling our money out of the market, i would adapt to other stronger stock in the Oil sector or Food sector.

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What makes STI sharp fall by 78 point ?

In 20 Jan 2016, STI sharp drops by  78.70(2.98%)  to 2,559.77. What are the causes to market panic sell down? What stocks or sector still strong enough to rise in the bearish market? Any tips for investor? All are discussed at 938 FM  by Andy Yew.

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