THAI Stock Exchange & Market(s)

SET likely to be volatile and retreat; wait to buy on weakness

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<b>Yesterday's market</b>: The SET continued to hit new high. Specifically, the index increased to above 1550 before there was selling that pressured it to swing wildly in positive territory all day and ended slightly off its daily peak. Moreover, foreign investors continued to be key buyer.</div>
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<b>Today's outlook</b>: Foreign equity markets were volatile and retreated. Although European stock markets ended strongly higher after investors continued to have bullish view about U.S. economic outlook and were confident about the BOE's additional stimulus, Wall Street continued to swing wildly within narrow range. Moreover, there was selling that pressured U.S. equity markets to ease and end only slightly up. Given that, most regional stock markets were able to move only in narrow range this morning. Their movement was mixed with some edging up and some inching down. In Thailand, the SET has sharply and quickly increased in the last few days, while global crude began to rise at a slower rate. As a result, FSS expects the Thai index to turn to fall again, as we have anticipated.</div>
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<b>Strategy</b>: FSS continues to see the SET in a positive light, expecting the index to climb to 1650 or close before end-2016. However, investors need to be cautious over a near-term retreat, which will serve as opportunity to accumulate.</div>
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<b>Support</b>: 1545-1542 , 1538-1532<br />
<b>Resistance</b>: 1550-1552 , 1555-1560</div>
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<span style="color: #660000;">Source: fnsyrus.com / settrade.com</span></div>
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SET likely to be volatile and retreat; wait to buy on weakness

Yesterday's market : The SET continued to hit new high. Specifically, the index increased to above 1550 before there was selling that p...

SET still likely to fall; wait to buy on weakness

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<b>Yesterday's market</b>: The SET jumped, responding to positive news over the result of the referendum on the draft charter. Moreover, U.S. economic data continued to look good. Investment sentiment in foreign equity markets was bright yesterday and foreign investors registered a high net buy position of nearly Bt6.9bn in Thailand.</div>
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<br /><b>Today's outlook</b>: Although the SET continued to surge since mid last week and was able to hit a new high yesterday, the jump was too high. As a result, FSS recommends that investors watch out for selling to lock in profit, which will pressure the index to fall. This morning, although Asian stock markets continued to increase, the gain started to narrow. In addition, some were volatile and moved downward. Last night, Wall Street saw choppy trading and ended slightly lower due to selling to lock in profit after the Dow's recent rally in respond to news about above-estimate employment data and a sharp recovery in global crude price that is followed by a fall this morning.</div>
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<br /><b>Strategy</b>: Although FSS maintains our bullish view about the SET, expecting that the index will climb to move near 1650 or close within this year, it is still possible that the SET will fall, serving as an opportunity to buy. For this reason, we suggest that investors wait to buy on weakness.</div>
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<br /><b>Support</b>: 1538-1532 , 1527-1520<br /><b>Resistance</b>: 1543-1545 , 1547-1555</div>
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<span style="color: #660000;">Source: fnsyrus.com / settrade.com</span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvcM6vY1OewGPcG_FKYynbCnjVvSrWOnZ1iOD8aO20OIjFwojIW3b-PGo0QZSqlQ2BEtxGlRAtyA5Y3qWDlWDc01o8W1Cb8krGYVAOh5eUQqALhu5ojbMAquZFU8LAN3ceS6ea3EA7Ypk/s1600/FnsSrs-2.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvcM6vY1OewGPcG_FKYynbCnjVvSrWOnZ1iOD8aO20OIjFwojIW3b-PGo0QZSqlQ2BEtxGlRAtyA5Y3qWDlWDc01o8W1Cb8krGYVAOh5eUQqALhu5ojbMAquZFU8LAN3ceS6ea3EA7Ypk/s1600/FnsSrs-2.jpg" /></a></div>

SET still likely to fall; wait to buy on weakness

Yesterday's market : The SET jumped, responding to positive news over the result of the referendum on the draft charter. Moreover, U.S....

SET likely to be volatile and retreat; wait to buy on weakness

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<b>Last Friday's market</b>: The SET continued to rally sharply last Friday thanks probably to speculative buying to bet on referendum result over the weekend where investors expected Thai politics to go ahead in line with the road map. Moreover, there was buying to bet on U.S. nonfarm payrolls as well.</div>
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<br /><b>Today's outlook</b>: We expect the SET the see additional support in the morning after both U.S. and European stock markets were able to end up quite sharply by over 1%, positively responding to the British government's stimulus and U.S. non-farm payrolls that surged more than expected in July. Moreover, there is domestic catalyst from progress over Thai politics after the referendum on the draft charter went well over the weekend. However, global crude remained quite volatile. In Asia, equity markets edged up quite limitedly. For these reasons, FSS maintains our call for investors to remain cautious over selling to lock in profit as it will pressure the SET to be volatile and retreat from time to time.</div>
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<br /><b>Strategy</b>: FSS expects the SET to be volatile after the index has rallied quite sharply lately. Hence, we recommend that investors wait to buy on weakness.</div>
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<br /><b>Support</b>: 1515-1512 , 1507-1500<br /><b>Resistance</b>: 1520-1522 , 1524-1526</div>
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<span style="color: #660000;">Source: fnsyrus.com / settrade.com</span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvcM6vY1OewGPcG_FKYynbCnjVvSrWOnZ1iOD8aO20OIjFwojIW3b-PGo0QZSqlQ2BEtxGlRAtyA5Y3qWDlWDc01o8W1Cb8krGYVAOh5eUQqALhu5ojbMAquZFU8LAN3ceS6ea3EA7Ypk/s1600/FnsSrs-2.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvcM6vY1OewGPcG_FKYynbCnjVvSrWOnZ1iOD8aO20OIjFwojIW3b-PGo0QZSqlQ2BEtxGlRAtyA5Y3qWDlWDc01o8W1Cb8krGYVAOh5eUQqALhu5ojbMAquZFU8LAN3ceS6ea3EA7Ypk/s1600/FnsSrs-2.jpg" /></a></div>

SET likely to be volatile and retreat; wait to buy on weakness

Last Friday's market : The SET continued to rally sharply last Friday thanks probably to speculative buying to bet on referendum result...

SET likely to see near-term rebound prior to fall; wait to buy on weakness

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<b>Yesterday's market</b>: In the morning, the SET was able to steady in narrow range. In the afternoon, the SET started to rebound to end up well after it tumbled quite sharply in the last two days thanks to support from global crude which began to recover.</div>
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<br /><b>Today's outlook</b>: The SET looks likely to continue to rally after global crude continued to increase in the evening after the market was closed. Specifically, crude was able to turn to end up by over 3%. The gain was supported by a decline in U.S. oil inventories last week, which helped ease investor concern over supply glut. Given that, Wall Street started to end up, while several European stock markets turned to close higher, a factor that helped most Asian equity markets to continue to increase. However, the gain was modest because there was no fresh catalyst to support. In Thailand, FSS expects the SET to rebound within narrow range. Moreover, there is risk that the index will turn to fall again.</div>
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<br /><b>Strategy</b>: We expect the SET to rebound in the near term after the index dropped sharply in the last two days. After which, there is risk that the SET will turn to fall again. For this reason, we recommend that investors wait to buy when the index decreases.</div>
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<br /><b>Support</b>: 1505-1502 , 1497-1493<br /><b>Resistance</b>: 1508-1512 ,1515-1518 ,1520-1524</div>
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<span style="color: #660000;">Source: fnsyrus.com / settrade.com</span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvcM6vY1OewGPcG_FKYynbCnjVvSrWOnZ1iOD8aO20OIjFwojIW3b-PGo0QZSqlQ2BEtxGlRAtyA5Y3qWDlWDc01o8W1Cb8krGYVAOh5eUQqALhu5ojbMAquZFU8LAN3ceS6ea3EA7Ypk/s1600/FnsSrs-2.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvcM6vY1OewGPcG_FKYynbCnjVvSrWOnZ1iOD8aO20OIjFwojIW3b-PGo0QZSqlQ2BEtxGlRAtyA5Y3qWDlWDc01o8W1Cb8krGYVAOh5eUQqALhu5ojbMAquZFU8LAN3ceS6ea3EA7Ypk/s1600/FnsSrs-2.jpg" /></a></div>
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SET likely to see near-term rebound prior to fall; wait to buy on weakness

Yesterday's market : In the morning, the SET was able to steady in narrow range. In the afternoon, the SET started to rebound to end up...

SET likely to continue to fall prior to new round of rallies; wait to buy on weakness

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<b>Yesterday's market</b>: The SET started to move in negative territory all day because there was selling that pressured the index to continue to fall, while there was no fresh catalyst. The selling came mainly from domestic institution owing probably to concern over domestic politics which remains largely uncertain as a key referendum on the draft charter is due on this Sunday, August 7.</div>
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<br /><b>Today's outlook</b>: We expect the SET to remain on its downward path as both U.S. and European stock markets continued to tumble overnight due to investors' lack of confidence after the release of European banks' stress test results. Moreover, U.S. economic data released lately were weak, while global crude continued to weaken. In particular, crude dropped to move below US$40 a barrel. Given that, most Asian stock markets opened sharply lower as investors chose to remain on the sidelines, waiting for U.S. oil inventories report tonight and U.S. non-farm payrolls this Friday.</div>
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<br /><b>Strategy</b>: The SET plunged by nearly 40 points in the last two trading days to trade below 1500 as we have anticipated. For this reason, we recommend that investors wait and selectively accumulate on weakness.</div>
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<br /><b>Support</b>: 1495-1490 , 1485-1480<br /><b>Resistance</b>: 1500-1505 , 1508-1512</div>
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<span style="color: #660000;">Source: fnsyrus.com / settrade.com</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvcM6vY1OewGPcG_FKYynbCnjVvSrWOnZ1iOD8aO20OIjFwojIW3b-PGo0QZSqlQ2BEtxGlRAtyA5Y3qWDlWDc01o8W1Cb8krGYVAOh5eUQqALhu5ojbMAquZFU8LAN3ceS6ea3EA7Ypk/s1600/FnsSrs-2.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvcM6vY1OewGPcG_FKYynbCnjVvSrWOnZ1iOD8aO20OIjFwojIW3b-PGo0QZSqlQ2BEtxGlRAtyA5Y3qWDlWDc01o8W1Cb8krGYVAOh5eUQqALhu5ojbMAquZFU8LAN3ceS6ea3EA7Ypk/s1600/FnsSrs-2.jpg" /></a></div>

SET likely to continue to fall prior to new round of rallies; wait to buy on weakness

Yesterday's market : The SET started to move in negative territory all day because there was selling that pressured the index to contin...

SET likely to continue to fall in order to rise again; buy on weakness

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<b>Yesterday's market</b>: The SET began to fall sharply in the afternoon, even though there continued to be buying that drove the index to hit a new high in the morning. Such loss can be blamed partly on selling to lock in profit and reduce risk after the SET has rallied quite substantially, while there was new fresh catalyst to support.</div>
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<br /><b>Today's outlook</b>: The SET looks set to continue to move sideways down as we have anticipated after most European stock markets ended lower last night due to a drop in bank shares. Moreover, global crude turned to fall by over 3%, pressuring Wall Street to be volatile and move in negative territory. However, the losses were modest. Finally, U.S. economic data released last night were weaker than expected. Given that, most Asian stock markets turned to move in the red. In Thailand, some investors might want to wait for clarity over Thai politics after a referendum on the draft charter on Sunday, August 7. No matter what, FSS expects the SET's fall to be brief. We have raised our 2016 index target to 1650 to factor in the higher corporate earnings outlook and the continuous inflows of international funds.</div>
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<br /><b>Strategy</b>: FSS maintains our call for investors to wait to buy on weakness.</div>
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<br /><b>Support</b>: 1510-1508 , 1505-1497<br /><b>Resistance</b>: 1516-1520 , 1522-1526</div>
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<span style="color: #660000;">Source: fnsyrus.com / settrade.com</span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvcM6vY1OewGPcG_FKYynbCnjVvSrWOnZ1iOD8aO20OIjFwojIW3b-PGo0QZSqlQ2BEtxGlRAtyA5Y3qWDlWDc01o8W1Cb8krGYVAOh5eUQqALhu5ojbMAquZFU8LAN3ceS6ea3EA7Ypk/s1600/FnsSrs-2.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvcM6vY1OewGPcG_FKYynbCnjVvSrWOnZ1iOD8aO20OIjFwojIW3b-PGo0QZSqlQ2BEtxGlRAtyA5Y3qWDlWDc01o8W1Cb8krGYVAOh5eUQqALhu5ojbMAquZFU8LAN3ceS6ea3EA7Ypk/s1600/FnsSrs-2.jpg" /></a></div>
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SET likely to continue to fall in order to rise again; buy on weakness

Yesterday's market : The SET began to fall sharply in the afternoon, even though there continued to be buying that drove the index to h...

SET likely to continue to be volatile; wait to buy on weakness

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<b>Last Friday's Market</b>: The SET continued to increase in the beginning of the trading session. However, there was no fresh catalyst. Moreover, most Asian equity markets began to retreat after the BOJ delivered lower-than-expected meeting results, while global crude remained weak. Given that, the SET moved mostly in negative territory in the afternoon session. Nonetheless, the loss was quite modest.</div>
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<br /><b>Today's outlook</b>: We expect the SET to continue to be capped and retreat because Wall Street made another retreat after U.S. 2Q16 GDP expanded lower than expected. However, the loss might not be large after most European stock markets continued to end higher because, according to the most recent stress test, most European banks were still strong enough to weather a fall in economy and volatility in the financial market. What's more, global crude started to stabilize better near US$41 a barrel after it tumbled from US$46.7-47 a barrel in mid-June. With that, the SET still stands a chance to steady in the near term.</div>
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<br /><b>Strategy</b>: However, FSS continues to recommend that investors remain cautious over selling, which will pressure the SET to continue to decrease. Furthermore, we suggest that investors do not buy into strength and wait to accumulate on weakness. Finally, if a lot has been sold, it is advisable that investors slow their selling.</div>
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<br /><b>Suppor</b>t: 1522-1518 , 1515-1513<br /><b>Resistance</b>: 1527-1530 , 1536-1542</div>
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<span style="color: #660000;">Source: fnsyrus.com / settrade.com</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZMLZYR44axN1QxmflC_Zknw9xPMXF4t49iuqmTyz38lO5RfpnGhfU1DVX4w1Ymxb29n0YjAe7AmL5VBzGorfntt77iZw8zIKcjRan6x3vyaTd6wnGaxYB5JvB1pZLmSvtsroNWs3WP-w/s1600/FnsSrs-2.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZMLZYR44axN1QxmflC_Zknw9xPMXF4t49iuqmTyz38lO5RfpnGhfU1DVX4w1Ymxb29n0YjAe7AmL5VBzGorfntt77iZw8zIKcjRan6x3vyaTd6wnGaxYB5JvB1pZLmSvtsroNWs3WP-w/s1600/FnsSrs-2.jpg" /></a></div>

SET likely to continue to be volatile; wait to buy on weakness

Last Friday's Market : The SET continued to increase in the beginning of the trading session. However, there was no fresh catalyst. Mor...

SET rallies stronger than expected; slow selling and do not buy into strength

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<b>Yesterday's market</b>: The SET saw higher-than-expected support from buying, particularly in banks, which made it possible for the index to only fall after the bell. After which, the SET stabilized and rebounded to a new high in the afternoon to end up by nearly 10 points, sharply outperforming its regional peers.</div>
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<br /><b>Today's outlook</b>: Global crude continued to drop by nearly 2% due to concern over supply glut, disappointing U.S. corporate earnings and a higher-than-expected rise in U.S. weekly jobless claims. They all pressured Wall Street to continue to move in negative territory and end slightly down. In Europe, there was still worry over banks after their earnings results came in quite weak. With that, investors will have their eyes fixed on European banks' street test; whose results are due out today. Meanwhile, the SET has rallied quite sharply lately. For this reason, FSS expects the SET to fall in the near term.</div>
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<br /><b>Strategy</b>: The SET continued to strongly increase. As a result, FSS views that risk is high and the need to be cautious over a fall previals. What's more, we recommend that investors do not buy into strength. To place a bet, wait to make it on weakness. If a lot has been sold, it might be a good idea to slow the selling.</div>
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<br /><b>Support</b>: 1520-1516 , 1510-1500<br /><b>Resistance</b>: 1526-1530 , 1536-1542</div>
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<span style="color: #660000;">Source: fnsyrus.com / settrade.com</span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZMLZYR44axN1QxmflC_Zknw9xPMXF4t49iuqmTyz38lO5RfpnGhfU1DVX4w1Ymxb29n0YjAe7AmL5VBzGorfntt77iZw8zIKcjRan6x3vyaTd6wnGaxYB5JvB1pZLmSvtsroNWs3WP-w/s1600/FnsSrs-2.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZMLZYR44axN1QxmflC_Zknw9xPMXF4t49iuqmTyz38lO5RfpnGhfU1DVX4w1Ymxb29n0YjAe7AmL5VBzGorfntt77iZw8zIKcjRan6x3vyaTd6wnGaxYB5JvB1pZLmSvtsroNWs3WP-w/s1600/FnsSrs-2.jpg" /></a></div>

SET rallies stronger than expected; slow selling and do not buy into strength

Yesterday's market : The SET saw higher-than-expected support from buying, particularly in banks, which made it possible for the index ...

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<b>SET likely to continue to retreat; wait to buy on weakness Yesterday's market: </b>Although the SET turned to move in positive territory, it was volatile, swinging wildly within the range seen since last week. Moreover, there was selling pressure nearly all day because there was no fresh catalyst, while global crude remained weak.<br /><b> </b></div>
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<b>Today's outlook</b>: The Fed delivered in-line meeting results last night. Specifically, the FOMC decided to keep policy rate on hold. Given that, most European stock markets were able to end up, supported by strong corporate earnings of leading companies in France, while Wall Street closed slightly down. Nonetheless, the Fed Chair indicated that the U.S. central bank should hike benchmark rate this year, while there are three more FOMC meetings scheduled in September, November and December. Global crude continued to tumble by over 2% after U.S. oil inventories increased. This morning, most Asian stock markets continued to open lower and move in negative territory. Given that, FSS continues to expect the SET to fall.<br /><b> </b></div>
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<b>Strategy</b>: FSS maintains our call for investors to buy on weakness after the index has rallied quite sharply lately without fresh catalyst to provide additional support. Moreover, it is suggested that investors sell to trim portfolios when the index increases.<br /><b> </b></div>
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<b>Support</b>: 1510-1505 , 1502-1497<br /><b>Resistance</b>: 1516-1518 , 1520-1524</div>
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<span style="color: #660000;">Source: fnsyrus.com / settrade.com</span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZMLZYR44axN1QxmflC_Zknw9xPMXF4t49iuqmTyz38lO5RfpnGhfU1DVX4w1Ymxb29n0YjAe7AmL5VBzGorfntt77iZw8zIKcjRan6x3vyaTd6wnGaxYB5JvB1pZLmSvtsroNWs3WP-w/s1600/FnsSrs-2.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZMLZYR44axN1QxmflC_Zknw9xPMXF4t49iuqmTyz38lO5RfpnGhfU1DVX4w1Ymxb29n0YjAe7AmL5VBzGorfntt77iZw8zIKcjRan6x3vyaTd6wnGaxYB5JvB1pZLmSvtsroNWs3WP-w/s1600/FnsSrs-2.jpg" /></a></div>
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SET likely to continue to retreat; wait to buy on weakness Yesterday's market: Although the SET turned to move in positive territory, i...

SET likely to continue to decrease; wait to buy on weakness

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<b>Yesterday's market</b>: The SET moved in narrow range in the morning. However, there began to be continuous selling pressure once again in the afternoon due to lack of fresh catalyst. Moreover, the index has rallied quite sharply lately, while global crude continued to weaken.<br /> </div>
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<b>Today's outlook</b>: Global crude continued to decrease due to concern over supply glut after there were reports that both U.S. oil rigs and oil production in OPEC countries increased. Given that, Wall Street was volatile and ended lower. However, the loss was modest. In Europe, most stock markets managed to end modestly up as they waited for results from FOMC meeting and the Fed Chair's statement this evening. This morning, Asian equity markets continued to move up. However, the gain was limited. As a result, FSS expects the SET to move in narrow range after the index tumbled quite sharply yesterday. However, since there is no fresh catalyst to provide support, we continue to believe that the index will rather move down.</div>
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<br /><b>Strategy</b>: We expect the SET to continue to retreat to build up base before it turns to a new round of rallies. For this reason, after investors have sold into strength to lock in profit, we now recommend that investors wait to buy on weakness.</div>
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<br /><b>Support</b>: 1502-1497 , 1493-1490<br /><b>Resistance</b>: 1507-1510 , 1515-1518</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="color: #660000;">Source: fnsyrus.com / settrade.com</span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZMLZYR44axN1QxmflC_Zknw9xPMXF4t49iuqmTyz38lO5RfpnGhfU1DVX4w1Ymxb29n0YjAe7AmL5VBzGorfntt77iZw8zIKcjRan6x3vyaTd6wnGaxYB5JvB1pZLmSvtsroNWs3WP-w/s1600/FnsSrs-2.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZMLZYR44axN1QxmflC_Zknw9xPMXF4t49iuqmTyz38lO5RfpnGhfU1DVX4w1Ymxb29n0YjAe7AmL5VBzGorfntt77iZw8zIKcjRan6x3vyaTd6wnGaxYB5JvB1pZLmSvtsroNWs3WP-w/s1600/FnsSrs-2.jpg" /></a></div>
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SET likely to continue to decrease; wait to buy on weakness

Yesterday's market : The SET moved in narrow range in the morning. However, there began to be continuous selling pressure once again in...

SET likely to fall; wait to buy on weakness

<div style="text-align: justify;">
<b>Yesterday's market</b>: The SET continued to rebound from late last week. However, the move was still within the previous range and there was selling that pressured the index to be volatile intraday because there was no fresh catalyst to provide support. Moreover, foreign equity markets also began to decrease, while global crude remained weak.</div>
<div style="text-align: justify;">
<br /><b>Today's outlook</b>: FSS views the SET outlook to be downward after there was pressure from the selling when the index increased. This morning, investment sentiment in international stock markets started to weaken again after global crude tumbled by over 2% yesterday due to concern over supply glut. Both Morgan Stanley and Barclays Bank shared the same view that U.S. oil inventories remained very high. Moreover, there were reports that U.S. oil rigs continued to increase, while we anticipate some investors to choose to remain on the sidelines, waiting for Fed Chair's statement after FOMC meeting on July 26-27 and U.S. key economic data (i.e. service-sector PMI and new home sales) that are due out tonight.</div>
<div style="text-align: justify;">
<br /><b>Strategy</b>: We expect the SET to fall to build up base before it turns to a new round of rallies. For this reason, we recommend that investors look for opportunity to sell to lock in profit when the index increases and wait to buy on weakness.</div>
<div style="text-align: justify;">
<br /><b>Support</b>: 1510-1505 , 1502-1497<br /><b>Resistance</b>: 1515-1517 , 1520-1524</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="color: #660000;">Source: fnsyrus.com / settrade.com</span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZMLZYR44axN1QxmflC_Zknw9xPMXF4t49iuqmTyz38lO5RfpnGhfU1DVX4w1Ymxb29n0YjAe7AmL5VBzGorfntt77iZw8zIKcjRan6x3vyaTd6wnGaxYB5JvB1pZLmSvtsroNWs3WP-w/s1600/FnsSrs-2.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZMLZYR44axN1QxmflC_Zknw9xPMXF4t49iuqmTyz38lO5RfpnGhfU1DVX4w1Ymxb29n0YjAe7AmL5VBzGorfntt77iZw8zIKcjRan6x3vyaTd6wnGaxYB5JvB1pZLmSvtsroNWs3WP-w/s1600/FnsSrs-2.jpg" /></a></div>
<div style="text-align: justify;">
<span style="color: #660000;"></span><br /></div>

SET likely to fall; wait to buy on weakness

Yesterday's market : The SET continued to rebound from late last week. However, the move was still within the previous range and there ...

SET likely to turn to fall; buy on weakness

<div style="text-align: justify;">
<b>Last Friday's market</b>: The SET continued to fall last Friday's morning. However, the loss was limited. Moreover, the index stabilized quite well before there was buying to provide support in the afternoon, which made it possible for Thai equity market to turn to end at its daily peak. Specifically, the SET closed up by over six points and continued to move above 1500.</div>
<div style="text-align: justify;">
<br /><b>Today's outlook</b>: This morning, investment sentiment in international stock markets remains strong. Although European equity markets were quite volatile and ended the week with mixed results after the ECB did not launch additional stimulus, Wall Street closed slightly up. The S&P500 ended at historical high, positively responding to strong U.S. corporate earnings and economic data. Given that, Asian stock markets continued to open higher, which will help the SET to continue to rally, in our view. However, the index has quickly and sharply rallied lately, while global crude continues to look weak. For these reasons, FSS expects the SET to continue to retreat before it builds up base for a new round of rallies.</div>
<div style="text-align: justify;">
<br /><b>Strategy</b>: Investors need to be cautious at this time as the SET looks set to fall in order to build up base before it turns to make a new round of rallies as we have anticipated. In this regard, investors should continue to look for opportunity to sell to lock in profit when the index increases and wait to place new bets on weakness.</div>
<div style="text-align: justify;">
<br /><b>Support</b>: 1505-1502 , 1497-1490<br /><b>Resistance</b>: 1510-1515 , 1517-1520</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="color: #660000;">Source: fnsyrus.com / settrade.com</span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZMLZYR44axN1QxmflC_Zknw9xPMXF4t49iuqmTyz38lO5RfpnGhfU1DVX4w1Ymxb29n0YjAe7AmL5VBzGorfntt77iZw8zIKcjRan6x3vyaTd6wnGaxYB5JvB1pZLmSvtsroNWs3WP-w/s1600/FnsSrs-2.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZMLZYR44axN1QxmflC_Zknw9xPMXF4t49iuqmTyz38lO5RfpnGhfU1DVX4w1Ymxb29n0YjAe7AmL5VBzGorfntt77iZw8zIKcjRan6x3vyaTd6wnGaxYB5JvB1pZLmSvtsroNWs3WP-w/s1600/FnsSrs-2.jpg" /></a></div>

SET likely to turn to fall; buy on weakness

Last Friday's market : The SET continued to fall last Friday's morning. However, the loss was limited. Moreover, the index stabiliz...

SET likely to continue to fall; gradually buy on weakness

<div style="text-align: justify;">
<b>Yesterday's market</b>: The SET began to see more selling pressure after the index jumped open to a new high. However, there was no new catalyst to provide support. Moreover, several Asian stock markets started to retreat, while selling continued nearly all day. As a result, the SET retreated to end close to its day low.</div>
<div style="text-align: justify;">
<br /><b>Today's outlook</b>: FSS expects the SET to continue to decrease after the ECB delivered in-line meeting results. To elaborate, the central bank did not launch additional measures, while global crude continued to weaken to move near its over-two-month low at US$44.5 a barrel once again. In addition, investors were disappointed with Intel Corp.'s earnings results. With that, nearly all Asian stock markets opened lower this morning. What's more, the SET rallied quite quickly and sharply lately. For this reason, FSS expects selling that will pressure the SET to continue to fall for a while. In particular, we expect the index to move sideways down late this month until early next month before it builds up base for a new round of rallies going forward.</div>
<div style="text-align: justify;">
<br /><b>Strategy</b>: FSS expects the SET to continue to fall before it turns to increase in the future. As a result, if the market retreats, we view it as opportunity to buy. However, we suggest investors gradually accumulate on weakness.</div>
<div style="text-align: justify;">
<br /><b>Support</b>: 1500-1495 , 1492-1482<br /><b>Resistance</b>: 1505-1510 , 1515-1520</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="color: #660000;">Source: fnsyrus.com / settrade.com</span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZMLZYR44axN1QxmflC_Zknw9xPMXF4t49iuqmTyz38lO5RfpnGhfU1DVX4w1Ymxb29n0YjAe7AmL5VBzGorfntt77iZw8zIKcjRan6x3vyaTd6wnGaxYB5JvB1pZLmSvtsroNWs3WP-w/s1600/FnsSrs-2.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZMLZYR44axN1QxmflC_Zknw9xPMXF4t49iuqmTyz38lO5RfpnGhfU1DVX4w1Ymxb29n0YjAe7AmL5VBzGorfntt77iZw8zIKcjRan6x3vyaTd6wnGaxYB5JvB1pZLmSvtsroNWs3WP-w/s1600/FnsSrs-2.jpg" /></a></div>
<div style="text-align: justify;">
<span style="color: #660000;"></span><br /></div>

SET likely to continue to fall; gradually buy on weakness

Yesterday's market : The SET began to see more selling pressure after the index jumped open to a new high. However, there was no new ca...

SET likely to retreat; sell to lock in profit and wait to buy on weakness

<div style="text-align: justify;">
<b>Yesterday's market</b>: The SET increased to move above our target of 1500. However, the index continued to be volatile after there was no fresh catalyst to provide support.</div>
<div style="text-align: justify;">
<br /><b>Today's outlook</b>: The SET has climbed to our target. In addition, the gain was quick, continuous, and quite sharp. Given that, investors need to be cautious over selling to lock in profit, which will pressure the index to fall. This morning, investment sentiment in foreign equity markets is bright after global crude begins to stabilize following falls early this week. Moreover, U.S. and European corporate earnings come in strong. However, Asian stock markets only modestly gained. What's more, some were volatile and moved downward. With that, FSS expects the SET's upside to be more limited. Furthermore, there is risk that the index will fall shortly as some investors remain on the sidelines, waiting for ECB meeting results and its stance over measures to cope with Brexit in the afternoon of today.</div>
<div style="text-align: justify;">
<br /><b>Strategy:</b> Since the SET has significantly increased, FSS now expects the index to fall. For this reason, we now recommend that investors wait to buy on weakness. If the SET continues to increase, investors are suggested to sell into strength to lock in profit.</div>
<div style="text-align: justify;">
<br /><b>Support</b>: 1506-1503 , 1500-1495<br /><b>Resistance</b>: 1513-1515 , 1518-1520</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="color: #660000;">Source: fnsyrus.com / settrade.com</span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZMLZYR44axN1QxmflC_Zknw9xPMXF4t49iuqmTyz38lO5RfpnGhfU1DVX4w1Ymxb29n0YjAe7AmL5VBzGorfntt77iZw8zIKcjRan6x3vyaTd6wnGaxYB5JvB1pZLmSvtsroNWs3WP-w/s1600/FnsSrs-2.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZMLZYR44axN1QxmflC_Zknw9xPMXF4t49iuqmTyz38lO5RfpnGhfU1DVX4w1Ymxb29n0YjAe7AmL5VBzGorfntt77iZw8zIKcjRan6x3vyaTd6wnGaxYB5JvB1pZLmSvtsroNWs3WP-w/s1600/FnsSrs-2.jpg" /></a></div>
<div style="text-align: justify;">
<span style="color: #660000;"></span><br /></div>

SET likely to retreat; sell to lock in profit and wait to buy on weakness

Yesterday's market : The SET increased to move above our target of 1500. However, the index continued to be volatile after there was no...

SET has sharply increased and now close to target; sell and wait to buy back on weakness

<div style="text-align: justify;">
<b>Last Friday's market</b>: The SET continued to rally to a new high close to 1500, the level that FSS has targeted. However, there was also selling that pressured the index to remain volatile. Moreover, the SET has climbed quite quickly and sharply lately without fresh support. Hence, investors need to be cautious over a retreat.</div>
<div style="text-align: justify;">
<br />
<b>Today's outlook</b>: Although most international equity markets continued to strongly increased while the SET took a long holiday early this week (i.e. July 18-19), they were volatile and weakness was seen in some of the markets. Moreover, although Wall Street continued to end up during the two days thanks to consistently strong U.S. economic data, the gains began to decrease. In Europe, there were times that equity markets were down after Germany economic confidence index dropped to a low in over than three years. In addition global crude tumbled for both days due to expectation that U.S. oil production will increase after there was report that U.S. oil companies had started to resume operation of their oil rigs. Given all that and the fact that the SET has sharply increased, investors need to be cautious over selling to lock in near-term profit which will pressure the market to retreat.</div>
<div style="text-align: justify;">
<br />
<b>Strategy</b>: FSS continues to recommend that investors wait to buy on weakness. If the SET increases, investors are suggested to sell into strength and wait to buy back when it decreases.</div>
<div style="text-align: justify;">
<br />
<b>Support</b>: 1490-1485 , 1483-1480<br />
<b>Resistance</b>: 1493-1495 , 1498-1500</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="color: #660000;">Source: fnsyrus.com / settrade.com</span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZMLZYR44axN1QxmflC_Zknw9xPMXF4t49iuqmTyz38lO5RfpnGhfU1DVX4w1Ymxb29n0YjAe7AmL5VBzGorfntt77iZw8zIKcjRan6x3vyaTd6wnGaxYB5JvB1pZLmSvtsroNWs3WP-w/s1600/FnsSrs-2.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZMLZYR44axN1QxmflC_Zknw9xPMXF4t49iuqmTyz38lO5RfpnGhfU1DVX4w1Ymxb29n0YjAe7AmL5VBzGorfntt77iZw8zIKcjRan6x3vyaTd6wnGaxYB5JvB1pZLmSvtsroNWs3WP-w/s1600/FnsSrs-2.jpg" /></a></div>
<div style="text-align: justify;">
<br /></div>

SET has sharply increased and now close to target; sell and wait to buy back on weakness

Last Friday's market : The SET continued to rally to a new high close to 1500, the level that FSS has targeted. However, there was also...

Wait to buy on weakness

<div style="text-align: justify;">
<b>Yesterday's market</b>: Although the SET continued to be volatile in the morning session, there began to be support from buying in the afternoon to speculate on BOE meeting results, which made it possible for the index to increase to a new high near 1490.</div>
<div style="text-align: justify;">
<br /><b>Today's outlook</b>: The BOE meeting results are not in line. Specifically, the central bank kept its policy rate on hold and did not launch additional measures to cope with Brexit impact. However, the BOE also signaled that there might be a rate cut at a meeting in August, which helped most U.S. and European equity markets to continue to end higher. Moreover, global crude recovered to end up yesterday. Given that, most Asian stock markets continued to move in positive territory this morning. Such rises are likely to lend support for the SET to continue to rally. However, the index is about to go on a long holiday next week (i.e. July 18-19), while global crude continues to look weak. What's more, the SET has rallied quite sharply lately to bet on BOE meeting results, which came in disappointing. Hence, investors need to be cautious over selling to lock in near-term profit, which will pressure the market to decrease.</div>
<div style="text-align: justify;">
<br /><b>Strategy</b>: Since the SET is likely to be volatile and decrease at this time, FSS recommends that investors wait to place more bets on weakness. However, we view there is prospect that the SET will climb to above 1500. For this reason, we suggest that investors hold already have positions and wait to sell at 1500 or higher to lock in profit. <br /> </div>
<div style="text-align: justify;">
<b>Support</b>: 1485-1483 , 1480-1475<br /><b>Resistance</b>: 1490-1492 , 1496-1500</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="color: #660000;">Source: fnsyrus.com / settrade.com</span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZMLZYR44axN1QxmflC_Zknw9xPMXF4t49iuqmTyz38lO5RfpnGhfU1DVX4w1Ymxb29n0YjAe7AmL5VBzGorfntt77iZw8zIKcjRan6x3vyaTd6wnGaxYB5JvB1pZLmSvtsroNWs3WP-w/s1600/FnsSrs-2.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZMLZYR44axN1QxmflC_Zknw9xPMXF4t49iuqmTyz38lO5RfpnGhfU1DVX4w1Ymxb29n0YjAe7AmL5VBzGorfntt77iZw8zIKcjRan6x3vyaTd6wnGaxYB5JvB1pZLmSvtsroNWs3WP-w/s1600/FnsSrs-2.jpg" /></a></div>

Wait to buy on weakness

Yesterday's market : Although the SET continued to be volatile in the morning session, there began to be support from buying in the aft...

Hold and wait to buy on weakness

<div style="text-align: justify;">
<b>Yesterday's market</b>: The SET continued to end up to a new high amid volatility as investors waited for results from BOE meeting on July 14 whether there would be measures to cope with Brexit impacts.</div>
<div style="text-align: justify;">
<br /><b>Today's outlook</b>: Although most U.S. and European stock markets remained optimistic about BOE meeting results today that there would be additional measures to cope with Brexit impacts, there began to be selling that pressure European equity markets to end lower. Moreover, the Dow also swung wildly before it closed modestly up. Given that, most Asian stock markets were volatile and moved within narrow range this morning, while some opened lower. What's more, global crude turned to fall again last night after the EIA revealed that U.S. oil stockpiles recorded smaller-than-expected drop, implying excess supply remained high in the U.S. Finally, the SET has quickly and sharply increased lately and is about to go on a long holiday early next week (i.e. July 18-19). Hence, investors need to exercise caution over near-term selling, which will pressure the market to go down.</div>
<div style="text-align: justify;">
<br /><b>Strateg</b>y: FSS continues to recommend that investors hold, waiting for the index to reach our index target of 1500. However, the market has quickly and sharply increased. Hence, investors need to exercise caution over volatility and weakness in the near term. For new bets, investors should wait to place them on weakness.</div>
<div style="text-align: justify;">
<br /><b>Support</b>: 1475-1470 , 1466-1460<br /><b>Resistance</b>: 1480-1483 , 1486-1490</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="color: #660000;">Source: fnsyrus.com / settrade.com</span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZMLZYR44axN1QxmflC_Zknw9xPMXF4t49iuqmTyz38lO5RfpnGhfU1DVX4w1Ymxb29n0YjAe7AmL5VBzGorfntt77iZw8zIKcjRan6x3vyaTd6wnGaxYB5JvB1pZLmSvtsroNWs3WP-w/s1600/FnsSrs-2.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZMLZYR44axN1QxmflC_Zknw9xPMXF4t49iuqmTyz38lO5RfpnGhfU1DVX4w1Ymxb29n0YjAe7AmL5VBzGorfntt77iZw8zIKcjRan6x3vyaTd6wnGaxYB5JvB1pZLmSvtsroNWs3WP-w/s1600/FnsSrs-2.jpg" /></a></div>
<div style="text-align: justify;">
<span style="color: #660000;"></span><br /></div>

Hold and wait to buy on weakness

Yesterday's market : The SET continued to end up to a new high amid volatility as investors waited for results from BOE meeting on July...

Continue to hold and buy on weakness

<div style="text-align: justify;">
<b>Yesterday's market</b>: The SET continued to be volatile and move within positive territory. After the bell, the index surged by nearly seven points. However, it was pushed back to slightly retreat by near-term selling before it turned to end the day with a gain of nearly seven points as investors continued to wait for stimulus from key economies.</div>
<div style="text-align: justify;">
<br /><b>Today's outlook</b>: The SET is likely to continue to hit a new high after most U.S. and European stock markets ended up overnight, a catalyst that helps support Asian equity markets to be bright this morning and is expected to stimulate buying in Thailand. Such gains are attributed to investor optimism that the BOE will increase its QE in order to cope with Brexit impacts. Moreover, global crude also recovered by almost 5% after the OPEC's projection that demand would exceed current supply. Moreover, the oil cartel also predicts bright crude oil outlook for next year. However, the SET has quickly and sharply increased. Hence, we recommend that investors exercise caution and watch out for near-term selling that will pressure the index to be volatile, while the SET will be closed for a long holiday early next week (i.e. July 18-19)</div>
<div style="text-align: justify;">
<br /><b>Strategy</b>: FSS recommends that investors continue to hold, waiting for the index to reach our target of 1500 going forward. However, if it decreases, that will serve as opportunity to place more bets.</div>
<div style="text-align: justify;">
<br /><b>Support</b>: 1470-1466 , 1463-1459<br /><b>Resistance</b>: 1477-1480 , 1482-1484</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="color: #660000;">Source: fnsyrus.com / settrade.com</span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZMLZYR44axN1QxmflC_Zknw9xPMXF4t49iuqmTyz38lO5RfpnGhfU1DVX4w1Ymxb29n0YjAe7AmL5VBzGorfntt77iZw8zIKcjRan6x3vyaTd6wnGaxYB5JvB1pZLmSvtsroNWs3WP-w/s1600/FnsSrs-2.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZMLZYR44axN1QxmflC_Zknw9xPMXF4t49iuqmTyz38lO5RfpnGhfU1DVX4w1Ymxb29n0YjAe7AmL5VBzGorfntt77iZw8zIKcjRan6x3vyaTd6wnGaxYB5JvB1pZLmSvtsroNWs3WP-w/s1600/FnsSrs-2.jpg" /></a></div>
<div style="text-align: justify;">
<span style="color: #660000;"></span><br /></div>

Continue to hold and buy on weakness

Yesterday's market : The SET continued to be volatile and move within positive territory. After the bell, the index surged by nearly se...

Hold, waiting for index to climb to 1500

<div style="text-align: justify;">
<b>Yesterday's market</b>: The SET continued to rally to a new high after U.S. economic data came in stronger than expected. However, there was also near-term profit taking which pressured the index to swing wildly within positive range.</div>
<div style="text-align: justify;">
<br />
<b>Today's outlook</b>: This morning, there is support from a continuous rise in both U.S. and European stock markets following strong U.S. employment data and expectation that key central banks, i.e the PBOC and the BOE, will launch additional stimulus. In addition, it is expected that Japan will press on with its stimulus program after the party that currently runs the government emerges as the winner in a senate election. However, investors need to remain cautious over near-term selling, which will pressure the market to be volatile and probably retreat after the SET has rallied quite sharply and quickly lately. What's more, global crude turned to weaken once again following a report that Nigeria and Saudi Arabia had increased their oil output, while Thai equity markets will be closed during a long holiday early next week (i.e. July 18-19).</div>
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<b>Strategy</b>: Given that, FSS recommends investors continue to hold, waiting for the index to climb to our index target of 1500. If the market decreases, it will serve as opportunity to place more bets.</div>
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<b>Support</b>: 1466-1463 , 1460-1458<br />
<b>Resistance</b>: 1470-1472 , 1476-1480</div>
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<span style="color: #660000;">Source: fnsyrus.com / settrade.com</span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZMLZYR44axN1QxmflC_Zknw9xPMXF4t49iuqmTyz38lO5RfpnGhfU1DVX4w1Ymxb29n0YjAe7AmL5VBzGorfntt77iZw8zIKcjRan6x3vyaTd6wnGaxYB5JvB1pZLmSvtsroNWs3WP-w/s1600/FnsSrs-2.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZMLZYR44axN1QxmflC_Zknw9xPMXF4t49iuqmTyz38lO5RfpnGhfU1DVX4w1Ymxb29n0YjAe7AmL5VBzGorfntt77iZw8zIKcjRan6x3vyaTd6wnGaxYB5JvB1pZLmSvtsroNWs3WP-w/s1600/FnsSrs-2.jpg" /></a></div>
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Hold, waiting for index to climb to 1500

Yesterday's market : The SET continued to rally to a new high after U.S. economic data came in stronger than expected. However, there w...

Hold, betting on rally to 1500!!

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<b>Last Friday's market</b>: The SET decreased in the beginning by nearly 10 points after global crude continued to drop by almost 5%. However, the index began to pick up in the afternoon because crude started to stabilize better and investors were optimistic that U.S. employment data would come in strong.<br /> </div>
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<b>Today's outlook</b>: Although the SET ended lower last Friday, there was buying that supported and erased its early gain in the afternoon. This morning, international markets turned bright again, supported by U.S. employment data that was higher than expected, which indicates consistently strong U.S. economy. Meanwhile, global crude also stabilized well after it sharply tumbled the other day and managed to end slightly higher. Given that, Asian equity markets opened up this morning. Moreover, most of them rallied by over 1%. For these reasons, FSS expects the SET's fall to be brief and there is prospect that the index will climb to our end-2016 index target of 1500 going forward. In addition, we recommend that investors hold, waiting for the SET to increase, before considering about profit taking.</div>
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<br /><b>Strategy</b>: Following our call for investors to place more bets on weakness, we now suggest that investors hold, waiting for the index to climb to our target of 1500 in the future.<br /> </div>
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<b>Support</b>: 1453-1450 , 1445-1443<br /><b>Resistance</b>: 1458-1460 , 1462-1464</div>
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<span style="color: #660000;">Source: fnsyrus.com / settrade.com</span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZMLZYR44axN1QxmflC_Zknw9xPMXF4t49iuqmTyz38lO5RfpnGhfU1DVX4w1Ymxb29n0YjAe7AmL5VBzGorfntt77iZw8zIKcjRan6x3vyaTd6wnGaxYB5JvB1pZLmSvtsroNWs3WP-w/s1600/FnsSrs-2.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZMLZYR44axN1QxmflC_Zknw9xPMXF4t49iuqmTyz38lO5RfpnGhfU1DVX4w1Ymxb29n0YjAe7AmL5VBzGorfntt77iZw8zIKcjRan6x3vyaTd6wnGaxYB5JvB1pZLmSvtsroNWs3WP-w/s1600/FnsSrs-2.jpg" /></a></div>
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Hold, betting on rally to 1500!!

Last Friday's market : The SET decreased in the beginning by nearly 10 points after global crude continued to drop by almost 5%. Howeve...