1. The STI Index continue its uptrend. It closes the week at 3,120. The strike on Syria is likely to be called off. I believe the market should have priced in this news. Going into the coming week, the FED tapering will likely be back into the limelight again. From the chart, the STI is still below its long term 'Green trend line'. The 10weeks Moving Average (MA) had cut the 40weeks MA which technically still implies that the STI index is still bearish in the short term. We will continue to monitor for the 10weeks MA to flatten out and turn up.
2. For the coming week ahead:
Resistance: 3,160
Support: 2,990
