Singapore stockmarket outlook in 2017

Based on the 3 comparable periods (early 2003, early 2009 and early 2013), this index has between 4 - 50 months to run upwards.

However, January 2017 is more similar to the earlier two time periods on two fronts:

- RSI breaking up through 50 points


- MACD hooking up bullishly after more than a year in the bear camp


The Stochastics indicator however, makes early 2013 more similar to the current period due to their shared 'mid-level hook up', a feature absent from the previous two periods.

Having apparently cleared the 3,000 psychological level, the next target would be the other century marks, culminating in a retesting of the 3,550 level which was the high watermark in May 2015.

Any fundamental reasons for such a bullish outlook? Not being a macro person, I can only speculate but it seems to me the bullish US indices were bound to drag the STI up eventually, and the latter is giving a clear sign that the magnet of the soaring US equity indices is finally having a delayed effect on the steel of the S'pore index.

Last purchase of 2016

An illustrious year that netted me 108 winners on Bursa M'sia, the SGX, the NYSE and the Hong Kong Exchange.

What I'm Grateful for at the start of a Brand New Year

I offer my thanks and deep gratitude for:

- having weathered a largely directionless and largely down-sloping year well with good instinctive sales of many stocks at close to the highs of the year

- being debt-free and in a much more liquid position compared to the same time last year

-having lived in my current home rent-free for 8 years & 1 month so far and many more months to come!

- January 1st and 2nd being cool weather days, offsetting the high proportion of searing heat days last year

- the four hundred I just received from my only client yesterday, with the intention of much more business and income from expected and unexpected sources in the months & years to come!

-further wisdom from my spirit guides in the coming year as to the best courses of action to progress in these still youthful years

- many blessings already received so far, offsetting the adversities