STI - Today

After 4 days of consolidation, the STI today rose to test 2273.06 early in the morning before easing off  to close at a moderate gain of  7.78 pt (2266.03).  Many retail traders were disappointed as the behaviour exhibited a neutral stand. The victors of today were the Tech and the Banks. Statschp, UTAC, Chartered and Creative looked convincingly enough to sustain the upside tomorrow.  OCBC is another hard nut to crack. Like SingTel, their prices were not in sync with good earnings. OCBC’s prices still snared around. It will not surprise me at all if OCBC would shoot up tomorrow; just like what SingTel did today (up 7 cents) when everyone was least expected!.
Property counters were a shame today with its leaders: Capitaland and Kepland petered out  2 and 3 cents respectively.
Over the CNBC just now, Analyst’s presentation looked convincing enough to portray Oil as going down and down to $40/-. This to me is in tandem with what I see today;of ComfortDelgo, SMRT and SIA’s steady performance! Oil dips also creates windows of opportunity for Electro Tech, CSE Global(lower operating cost) and Fuyu (Plastic Cost)! At the end of the scale,SPC collapsed; weighed down by 22 cents.Don't dip your toes in this counter without further scrutiny as downward trend is potentially possible in near term!
Of the Red Chip, Bio-Treat did well: up 3 cents. Was wondering is the Top brasses cross visits amongst countries should be impetus for China related stock here!
Sorry, got carry away, STI’s volume was 767 mil with 252 gainers against losers of 237.
In sum, today looks better that yesterday and as the K –Box top tune goes “Tomorrow will be even better than Today”. Let’s keep our fingers crossed and hope so!
NB: Tomorrow (means the next trading day -i.e. Monday)is used to liven the rhyme metaphorically!