Buy Sell Signals

Stock Market News From Yahoo Finance Today: Stocks tumble despite government crisis moves (Reuters) Reuters - Stock markets across the world plunged on Wednesday as concerns about the worst financial crisis in nearly 80 years and fears of a global recession gripped investors despite government efforts to intervene. Asian stocks plunge on fears of global recession (AP) AP - A meltdown in confidence strangled Asian stock markets Wednesday on accelerating fears that the widening financial crisis could spawn a global recession. Japan's Nikkei plunges 9.4 percent on crisis fears (AP) AP - Japan's stock market plummeted 9.4 percent its biggest one-day drop in 21 years Wednesday as investors rushed for the exits on deepening fears over the global financial crisis. Nikkei dives 9.4 percent, biggest 1-day fall since '87 (Reuters) Reuters - The Nikkei average plunged 9.4 percent on Wednesday, its biggest drop since the 1987 stock market crash, ...

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Here are 3 interesting observations happening in the Singapore Stock Market: STI Drop Near To 3000 Level "Singapore analysts target STI will go 4000 level at this year end 2008 and 3000 is the expected low for 2008 but right now we already see STI at near 3000 today. Not sure how low STI will go? We shall watch." Yes the downtrend is happening a little earlier than expected. Downtrend in Process "Today was another red day for the STI . Most counters were not spared and plunged heavily. However, there is always hope in this plunge as a lot of counters which are overvalued are starting to look cheaper and it's a great time to pick up counters ." Here is one counter to look out for: Singapore Petroeluem Company "SPC - In a channel, but broke above a downsloping trendline." SPC last done at S$6.70. Buy Signal? It may go lower tomorrow. I am keeping mine for the long term and attractive dividends.