First of all, for those who had got my market outlook during December 2014 and January 2015 in all my courses and preview seminars, would have recalled that I mentioned that the Straits Time Index (STI) this year would reach 3500. Back then, the STI was around 3200 to 3300. You can also read about my blog on market outlook 2015 (which I written during the start of the year) by clicking here.This month saw the STI going past and above 3500 for the first time. At the time of this posting which is 30th of April, the STI now has retraced a bit to around slightly below 3500. So people ask me what to expect the STI to go from here since it only took 4 months to reach 3500.
I believe by year end, the STI will go to test 3600 at least once and maybe break above it. Worst case scenario that I see happening is that it will stay above 3500. Which means I am quite bullish with the local market. However, having said that, small corrections will be happening from now till year end. I will look to buy on dips when the small corrections happens along the way. Please do take note that the above sharing of my take on STI is based on no sudden major economic events happening. Hope the above sharing of my insights on STI helps you. Make sure you enjoy yourself trading the markets for consistent income and profits.