The stock index is still in jeopardy. The Fed meeting



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Mr. Chai Pattravivat, Assistant Director of Research Asia Plus Securities Co., Ltd. (TSD) announced today that SET had closed at 1,636.49 points, down 4.14 points or 0, 25%, for a total business turnover of 31 784.09 million baht. Today's market is a trough in the index. I can not go through the resistance at 1,650, so I see a sales force at the end of the market. The groups that have been sold are information and communication technologies. And the bank. Shares have increased in many groups. We do not see the market rising. Trading Volume If the value is less than 40,000 million baht, the index will continue to increase, but it is expected that the address will increase rapidly.


Factors to watch for are tomorrow's G20 meeting, which will lead to trade negotiations between the US and China, which should not result in the outcome of trade negotiations. When you can not predict it clearly, the sales force is outside investors. In addition, the US Federal Reserve (Fed) closely followed the Fed meeting after announcing that it was likely to slow US key rates.

Domestic factors Political issues are clearer after the electoral commission. After the electoral law is in force. An electoral decree will be submitted to the cabinet. This will build confidence after the postponement of elections.

The stock market should continue to break. The index has moved to support at 1625 and resistance at 1645.

Investment Strategy: Recommended actions benefited from falling oil prices and petroleum-based building materials such as TASCO, SCC and DCC, while petrochemicals, including IRDC and TOP, benefited of a stimulus plan. BJC and CPALL, including high dividend stocks in real estate, LH and QH.

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