Weekly market analysis covering Singapore, US, Hong Kong and China — stocks, REITs, ETFs and trading perspectives.
Thursday, January 21, 2010
Waiting For a Break
The major indices DJI, SPX and our STI are at their support now, after a fierce drop previous day. Overall, the general uptrend is still intact. A break below 2880 could lead STI lower to its next sppt 2845 or even 50dma. But What I want to say is: IT's STILL TOO EARLY TO CONCLUDE IT WILL HEADING DOWN. So my strategy is to watchout those stocks at their major support and long if there is a rebounce. There are good opportunities out there...
Labels:
Investment Idea,
SG Mkt
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment