STI is weak while SPX is strong (Week closing 31 Aug 2018)

When US sneezes, STI catches a cold. Like it or not, we need to monitor the US markets.

  • SPX: Up
  • STI: Down
  • S-REITs: Sideways

My opinion

  • STI is very weak, closing below its 20, 50, 200-day moving averages.
  • STI downtrend may have found support near 3187, it’s one year low.
  • If SPX uptrend is affected, STI will likely drop further.

 

What STI stocks are at risk?

These 4 companies make up almost half of STI (46.9% specifically). If STI drops, they’re likely the biggest losers.

If SPX sneezes, these big fours may catch a cold:

  • $DBS(D05.SI) : 15.7% of STI
  • $OCBC Bank(O39.SI) : 11.6%
  • $UOB(U11.SI) : 11%
  • $SingTel(Z74.SI) : 8.6%

 

Week closing 31 Aug 2018

 

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