Tag: Singapore Straits Times Index

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Japan, India and Singapore

Dow Jones Japan Index retreated from resistance at 50 and is headed for a re-test of support at 46. Failure would signal a decline to 42*. 13-Week Twiggs Money Flow below zero indicates selling pressure and a peak below zero would warn of a strong down-trend.

Dow Jones Japan Index

* Target calculation: 46 – ( 50 – 46 ) = 42

India’s Sensex penetrated its declining trendline but almost immediately encountered resistance at 17000. Bullish divergence on 13-week Twiggs Money Flow indicates strong support and breakout above 17000 would suggest a primary advance — confirmed if the peak at 18500 is bested. Reversal below 15800, however, would warn of a decline to 15000*.

BSE Sensex Index

* Target calculation: 16000 – ( 17000 – 16000 ) = 15000

Singapore’s Straits Times Index is testing resistance at 2900. Respect of zero by 63-day Twiggs Momentum warns of continuation of the down-trend; breach of support at 2700 would confirm, offering a target of 2500*.

Singapore Straits Times Index

* Target calculation: 2700 – ( 2900 – 2700 ) = 2500

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India & Singapore

India’s Sensex is testing medium-term resistance at 17000. Breakout would suggest another test of 18000, while reversal below 16000 would test primary support at 15000/15200.
A peak below zero on 63-day Twiggs Momentum would strengthen the bear signal.

BSE Sensex Index

* Target calculation: 16 – ( 17 – 16 ) = 15

Singapore’s Straits Times Index found medium-term support at 2700. 63-Day Twiggs Momentum below zero warns of a primary down-trend. A rally that respects resistance at 2900 would strengthen the signal.

Singapore Straits Times Index

* Target calculation: 2700 – ( 2900 – 2700 ) = 2500

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India & Singapore find support

India’s Sensex index found support at 17000. Recovery above 17500 would indicate respect of the support level and another attempt at 18500.  63-Day Twiggs Momentum oscillating above zero already indicates a primary up-trend but only recovery above the November high of 18000 would confirm. Target for an advance would be 20000*.

BSE Sensex Index

* Target calculation: 18.5 + ( 18.5 – 17.0 ) = 20.0

The Nifty index is similarly testing support at 5200, while recovery above 5400 would confirm the primary up-trend. Target for an advance would be 6000*.

NSE Nifty Index

* Target calculation: 5600 + (5600 – 5200) = 6000

Singapore’s Straits Times Index continues in a narrow consolidation above the double-bottom neckline at 2900, suggesting continuation of the primary up-trend. Target for the expected breakout would be 3200*.

Singapore Straits Times Index

* Target calculation: 2900 + ( 2900 – 2600 ) = 3200

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India & Singapore

Dow Jones Total Stock Market Index for India closed below support at 1800, warning of another correction, but 63-day Twiggs Momentum holding above zero continues to indicate a primary up-trend. Breakout above 1900 would signal an advance to 2100*.

Dow Jones Total Stock Market Index - India

* Target calculation: 1800 + ( 1800 – 1500 ) = 2100

BSE Sensex Index is testing support at 17000. Downward breakout would indicate another test of primary support at 15000. 13-Week Twiggs Money Flow respect of the zero line, however, would signal strong buying pressure. And recovery above the medium-term (orange) descending trendline would indicate a fresh primary advance, breakout above 18000 confirming the primary up-trend.

BSE Sensex Index

* Target calculation: 18 + ( 18 – 15 ) = 21

Singapore Straits Times Index continues to test resistance at 3000. 63-Day Twiggs Momentum holding above zero confirms the primary up-trend. Follow-through above 3050 would signal an advance to 3300*.

Singapore Straits Times Index

* Target calculation: 2900 + ( 2600 – 2500 ) = 3300

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India & Singapore

India’s Sensex Index continues to test support at 17000. A trough above the zero line on 13-week Twiggs Money Flow would indicate strong buying pressure. Recovery above 18000 would confirm a primary advance to 21000*.

BSE Sensex Index

* Target calculation: 18000 + ( 18000 – 15000 ) = 21000

The Nifty Index displays a similar pattern. 63-Day Twiggs Momentum holding above zero indicates a primary up-trend. Recovery above 5400 would signal an advance to 6200*.

NSE Nifty Index

* Target calculation: 5400 + ( 5400 – 4600 ) = 6200

Singapore Straits Times Index is already in a primary up-trend. Breakout above medium-term resistance at 3040 would confirm an advance to 3300*.

Singapore Straits Times Index

* Target calculation: 2900 + ( 2900 – 2500 ) = 3300

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India & Singapore

India’s Sensex found support at 17000. Failure would signal another test of primary support at 15000, but 13-week Twiggs Money Flow remains above zero and respect of support is more likely. Recovery above 18000 would confirm tthe primary up-trend, with a target of 21000*.

BSE Sensex Index

* Target calculation: 18 + ( 18 – 15 ) = 21

The NSE Nifty Index is similarly testing medium-term support at 5200. 63-Day Twiggs Momentum holding above zero indicates a primary up-trend. Respect of support at 5200, by say recovery above 5500, would confirm the signal. Failure of support is less likely, but would signal another test of 4500.

NSE Nifty Index

* Target calculation: 5400 + ( 5400 – 4500 ) = 6300

Singapore’s Straits Times Index twice penetrated resistance at 3000, confirming the primary up-trend, but each time retreated. Expect softness until quarter-end followed by another breakout attempt. Target for the advance is 3300*.

Singapore Straits Times Index

* Target calculation: 2900 + ( 2900 – 2500 ) = 3300

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India & Singapore

The Sensex respected support at 17000. Recovery above 18000 would indicate a primary up-trend and follow-through above 18500 would confirm. Respect of zero by the latest trough on 13-week Twiggs Money Flow would further strengthen the signal. Target for the advance is 21000*.

BSE Sensex Index

* Target calculation: 18 + ( 18 – 15 ) = 21

The NSE Nifty shows a similar pattern. Follow-through above 5600 would offer a target of 6200*.

NSE Nifty Index

* Target calculation: 5400 + ( 5400 – 4600 ) = 6200

Singapore Straits Times Index is already in a primary up-trend, as signaled by 63-day Twiggs Momentum holding above zero. Recovery above 3000 confirms an advance to 3300*.

Singapore Straits Times Index

* Target calculation: 2900 + ( 2900 – 2500 ) = 3300

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Singapore: Straits Times Index

Singapore’s Straits Times Index gapped above resistance at 3000 today, confirming the primary up-trend, and is currently trading near 3020. Target for the initial advance is 3200*.

Singapore Straits Times Index

* Target calculation: 2900 + ( 2900 – 2600 ) = 3200

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Singapore & Korea

Singapore’s Straits Times Index is in a primary up-trend. Breakout above medium-term resistance at 3000 would confirm the advance to 3200*. Any retracement is likely to encounter support at 2900.

Singapore Straits Times Index

* Target calculation: 2900 + ( 2900 – 2600 ) = 3200

The Seoul Composite Index shows a similar pattern, running into medium-term resistance between 2000 and 2050. Expect good support at 1950. Breakout above 2050 would confirm the advance to 2200.

Seoul Composite Index

* Target calculation: 1950 + (1950 – 1750 ) = 2150

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India & Singapore retrace

India’s Sensex index retraced to test support at 18000 on the daily chart. Bearish divergence on 21-day Twiggs Money Flow indicates medium-term selling pressure; respect of the zero line would suggest a strong primary up-trend. Respect of 17,000 on the index chart would also be a bullish sign.

BSE Sensex Index

* Target calculation: 18000 + ( 18000 – 15000 ) = 21000

Singapore’s Straits Times Index (weekly chart) also shows retracement. Expect a test of support at 2900. Respect of the zero line by 63-day Twiggs Momentum would confirm a strong up-trend, with an initial target of 3200*.

Singapore Straits Times Index

* Target calculation: 2900 + ( 2900 – 2600 ) = 3200

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