SgTraderClub Weekly Stocks Updates: Market Outlook

Monday, September 6, 2010

Market Outlook

Good morning everyone, happy brand new Monday!

We have only four trading days this week as Friday is Hari raya puasa holiday. The bulls are obviously dominating the market now. It reclaimed its 3000 last week, closed at 3002.56. Going forward, I'm 100% on the long side with no shorting. Any pull back to its 20ma at around 2950 will provide great long opportunities.

Support: 2950
Resistance: 3037

No comments:

Subscribe to: Post Comments (Atom)

Disclaimer

SgTraderClub is a personal blog written by Fan Jun. Everything published here — including versions shared on LinkedIn, investSG.com, or other platforms — is general market commentary and my own opinion. It is not investment advice, not a research report, and not an offer or recommendation to buy or sell any security. It does not take account of your objectives, financial situation or particular needs.

I am a Trading Representative of Maybank Securities Pte Ltd. Views expressed here are mine alone and do not represent the views of Maybank Securities Pte Ltd or the Maybank group. I may hold positions in securities mentioned.

Trading and investing carry risk, including the loss of your entire capital. Past performance is not indicative of future results. Please seek advice from a licensed financial adviser regarding the suitability of any product before you invest. Historical posts on this blog reflect conditions at the time of writing and are not updated.

I never solicit trades, payments, or account details through private messages, chats, or unofficial channels. If you're contacted by anyone claiming to be me or representing SgTraderClub asking for money or account access, please do not respond and report it.