Result Season over for singapore listed companies - what next?

I have warned friends to be careful as the results season come to an end in Singapore. Based on what i have witnessed in the last quarter, the technical rebound came before the season starts and ENDED as the results season come to an advance stage. This time round there is no difference based on what we have seen so far.

Now that results season is over for singapore listed companies, what should we expect next for the singapore stock market?

STI - if u look at the Medium term trend, it’s is still obviously down!

exponential moving averages (EMA) - 50days EMA is well below 100 days EMA and 200EMA, so any upward rebound will continue to face selling pressure

parabolic SAR - sti is trading way below the parabolic SAR indicator, meaning that the negative sentiment is still very strong, any near term rebound is not likely to be strong enough to push this indicator into positive zone. at the current moment, sti needs to hit 2900 in order to turn parabolic SAR into positive……..which is extremely unlikely.

based on my estimates that sti needs to rise about 5.45% or 150 points in order to push parabolic SAR into positive zone, it means that it will take at least 5 or 10 more days before we may expect to see a stronger rebound.

when i pull out the charts for MANY individual stocks, i can also see that most of their parabolic SAR indicators are deep in negative zone……this give me the same impression that they will need a very strong rebound to push their respective SAR indicators into positive zone……and again, it means that their stock price expects to see a lot of selling pressure when it rebounds and it will take another 5 to 10 days at least before we can expect to see a stronger rebound.

trade with care

rooney