Market Diary:
World Indices:

Monday, April 25, 2011

Market View

On the daily and weekly charts, the Straits Times Index has shown a bearish divergence between the RSI and underlying prices. This has foreshadowed some near term weaknesses ahead. However, the longer term perspective remains bullish. As a matter of fact, the index has just turned bullish with a fresh mechanical buy signal ( referred to longer term ).