Daily Market Outlook

Daily Market Outlook for the world and local financial update

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Sawasdee -Jan 23, 2017

Investment Theme: Concern over protectionismSupport: 1550, 1540 Resistance: 1570, 1575

Market Strategy: The market switched to risk-off sentiment and funds went into low-risk assets such as gold, bonds, and the yen after Trump’s speech on Friday that indicated protectionism. Oil prices went up due to cuts in production, which could give the SET some small support. Resistances are at 1570–1575. If it cannot break through, the SET is likely to move down to supports at 1550 and 1540. Strategy is to use the SET rebound to reduce portfolio. Today’s selective buys are CHG and LPN.