Hello June! Hello STI @ 200DMA and hello to you and welcome to Invesurity's first post!


www.poems.com.sg

The Straits Times Index is trading around its 200 Days Moving Average. Could think of many many reason why is that so! Traditional the old adage of "Sell in May and Go Away" is always a good reason to casually explain to everybody what is the cause. Also, there is a general perception that Stock Market performs badly during the month of June if there's World Cup going on.

There are also uncertainties recently at the political front (from Malaysia and Italy) and trade tariff threats and retaliations (Mr Trump!, China, Canada, Mexico and EU) to get the investor to feel cautious and stay out of the financial markets.

Nonetheless, our local economy is still fundamentally sound and we have not much seen our indices dancing at the 200DMA level so frequently as compared years ago to render a look for a good entry to get into the stock market again.

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