Market Bounced and Aftermath( continued)

Now I think it's in the bouce stage, but more for US market. Singapore market may not follow through, why I think it in this way?

1. STI basically is in a very long sideway market now( for about three month time since August) but Dow is in a uptrend in general during same period.

2. We are ahead of US market in terms of the recovery speed( STI at its 50 monthly MA whereas Dow at its 20 monthly MA)

3. Asia market is much stronger as compare to US market. STI not only affected by US market but regional market such as China, HK also has big influence on it. Yesterday Shanghai got a big swing, from -60 from +80 plus.as a result, STI swing from -30 plus to -6 points, in change.

Below are the two countertrend play candidates for today:

SC global: target=1.52, stop loss=1.37
Straitsasia: target=2.0, stop loss= 1.79



and one denfensive stock set up for long side:
Comfort 1.5 support

Good luck!