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Thursday, 26 June 2014

FTSE ST Financial Index: 26 June 2014, Thursday, 3.10am Singapore Time

FTSE ST Financial Index: 26 June 2014, Thursday, 3.10am Singapore Time
Chart courtesy of Chartnexus.com

Financial markets confirming the Bear Market Transition as per warned end-2013 and 1H-2014.
This is now being executed as above.

Bear market transition has been confirmed for FTSE ST Financial Index at 834.23 points.
Bank Stocks, Finance Stocks and the Banking and Finance Sector have peaked. 
This is also in line with the peaked property sector.

We are transiting into bear market from now on.

Donovan Norfolk Technical Rating:
Bearish
Bear Market Transition
(Sell on Rebounds)



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