STI - Today

STI went underwater at the early morning and maintained so until the final hour. It ended 7 point (2,254.46) higher with low volume (697 mil) The 5 letters word that begins and ends with S depicts the mood precisely: “SUCKS”.
Property counters were a mixed bag – KeppeLand up 6cents ($3.80), Captaland flat ($3.32), Wing Tai down 3 cents ($1.27) and All Green up 1 cent ($1.33).
Banks exhibited similar and undulating figures: OCBC down 5cents ($6.45), DBS stayed flat ($15.90) and UOB ($14.40) gained 10cents.
Kepcorp staged a stellar performance by soaring 50 cents ($11.60) on Analyst good report of Highest book order.  Semb Corp. along with its subsidiary SembMarine 7 cents ($2.65) and 9 cents ($2.62).
Bigger Tech stocks seemed resilient, Chartered and Statschp closed flat, while the penny stocks had its day: Magnecomp up 6cents ($0.92) and HI-P also raised 7cents ($1, 52)
Helping to boost the STI was SPH up 8cents ($4.52) with 6 mil trades changed hands.
Being optimistic again, I stress: Gary Smith in the book: ”How I Trade For a Living”, paints a trading scenario that he likes to trade: “V bottom upside reversal –late-day upside price surge”. Today’s chart as shown above reflected  this similarity. Again, I hope he is right and tomorrow will be bullish!