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Straits Times Index (STI) Trend heading into 2012

Since the gap down from July, STI has hardly recover. Price range has ‘consolidated’ between range 2528 to 2900 Currently, from the Ichimoku chart, STI is trading below the kumo. All signs point to a…

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Singapore banks in bearish territories.

All 3 Singapore banks (UOB, DBS, OCBC) are in bearish territories in the Ichimoku charts. If Singapore is a financial hub and the banking stocks is a reflection of the economy, then the charts are…