1. The STI Index finally show some stability after four consecutive week of losses. It closes the week at 3,054 and off from the low of 2,990 from the previous week. The recent news of possible strike against Syria and news of earlier tampering of the FED bond purchase had certainly cause jittering in the market. From the chart, the STI is still below its long term 'Red trend line'. Has the market price in the fear of the two possible scenario above? In the short term, if the STI can go above 3,062 and hold above for next week, there might be some short term rebound for the coming weeks.
2. For the coming week ahead:
Resistance: 3,100
1st Support: 2,930
