Broad Market

STI has run up 117 points to its peak from 2950 where it took off, in eight trading days. My take now is to take some profits off table first for mid-term position. I always take profit for my short term profit once it yields profit, so the market down or up doesn't have much impact on my short term position. Anyway, the overall uptrend is pretty healthy by now.

STI is over extended, the probability of retracement increased, so be careful of your longs unless you like chasing buses and don't mind buy extended stocks. Try to buy those stocks lagging behind yet to run.