Observations: First from the left, Asian Financial Crisis Tech Bubble; incidentally this bottom coincides with outbreak of SARS Great Financial Crisis, Subprime Crisis, Lehman Brothers… If history repeats, this current one is going to be one of those in the 50-60% range of correction Top
Out of 30 Straits Times Index constituent stocks, 16 are now printing new 52-week lows (white font in gray box). Year to date, 28 are now in the red. Based on fund flow data, institutions are net sellers of local banks which are down 11
Seeds of today’s crash could be found last week. Table legend: Column C shows 2019 52-week high Column D shows 2019 52-week low This week is Week 11 of 2020 Fund flow data comes from SGX; Week of 02 March 2020 is show on column
Exercise caution with Straits Times Index and Hang Seng Index which are both painting potential reversal chart patterns on weekly time frame.
Straits Times Index was up 131.07 points or 3.85% over the previous month. Out of 30 constituent stocks, 23 gained, 5 lost and 2 closed unchanged. Venture Corp takes over GLP in a special change on the index. Venture is best performing index stock over 3 years.