Philip Chua Business Blog

Posts Tagged ‘day’

No matter what we do or how long our day goes on for, we eventually retreat to our homes in the evening. In similar fashion, and because the housing market is at the epicenter of this Great Recession, economists find themselves constantly going back to scrutinizing housing markets. A sustainable…

The latest rally has stalled again against ‘channel’ resistance which happens to lie at the 200-day moving average at 92.25. Though well below the weekly Ichimoku ‘cloud’, slightly worrying is that the 9 and 26-week moving averages have crossed to a buy while all other elements of this chart suggest…

Two of the most cited economic indicators over the past year have been first time jobless claims and continuing jobless claims. Both have declined by a third since their respective peaks in the spring and summer of last year. In one five day period in March 2009 674,000 newly unemployed…

Forecasts for warmer weather, a stronger dollar and further signs the U.S. consumer is still hurting sent oil prices lower for the fifth straight day.

PENNY stocks were all the rage yesterday as trading for 2010 first got off to a slow start but picked up as the day wore on. The Straits Times Index, as always, depended on Hong Kong’s Hang Seng for direction, thus closing a nett 3.07 points weaker at 2,894.55 when the Hang Seng also closed marginally softer.

But it was in penny stocks that the real action was to be found and this was amply refl… more

Investors turned cautious on the second trading day of the year as a pair of economic reports gave mixed signals about how the recovery was going.







Trading day – Business – Investing – Stock – New Year

INVESTORS showed they were determined to end on a high note in what has been a wild year by sending the market to a 16-month high yesterday.
Banks and property counters were the stars on the last full day of business as traders dressed up their prices for one last final time.
It all helped to send the Straits Times Index (STI) up 10 points to 2,879.76, bringing the total gains for the year to 63.5… more

Oil prices on Thursday hit $80 a barrel for the first time in seven weeks as the dollar sank on the final day of the year.

The stock market zigzagged in a tight range on the last day of the year as weekly unemployment claims fell to the lowest level since July 2008.









Trading day – Business – Investing – Stocks and Bonds – Equities

THERE was very little to distinguish yesterday’s session from Tuesday’s – the Straits Times Index (STI) rose, the broad market was mixed, volume was low and dealers who decided not to go on vacation spent the whole day wondering if perhaps they had made the wrong decision.
Other features reminiscent not just of Tuesday but also of previous days included a relatively heavier concentration of effort… more