SPX dived, STI will follow? (11 Oct 2018 Update)

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

I wrote the above numerous times.

I believe after SPX plunged yesterday, STI might catch a bad cold this time.

My opinion

  • SPX dived 3%+ in a day; wiped out the gains made since July.
  • STI is still weak. It is trading¬†below it’s 20-, 50-, and 200-day moving average.
  • SPX uptrend is being threatened now. Time to trade defensively.

 

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%

 

Closing 10 Oct 2018

 

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