Weekly market analysis covering Singapore, US, Hong Kong and China — stocks, REITs, ETFs and trading perspectives.

Monday, June 22, 2009

Bulls Are In Trouble

My AAPl was stopped out on last Fri, and due to the soften of commodities trend, I closed DDY too. This morning cityDev was up trying to break the defence of bears but failed badly after lunch. it's a good indication for CityDev to be a market vane nowadays.

Now i'm seriously consider the short side. Many supports are to be broken tomorrow. 'em holding FDX and GS puts. The bear stepped in finally.

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