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

Friday, January 7, 2011

Market Soften as Short Term Profit Taking

STI has been up for two weeks and it losing a bit steam now, some profit takings are expected in the short term... I don't much to say at this moment, I'm monitoring those blue chips retracing to their support level then get in again. I already closed out 90% of my longs yesterday with good profit.

Will update you again.
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2 comments:

Anonymous said...

do you mean for the next couple of week, sti and majority of stocks will go down?

david

Friday, January 07, 2011 11:13:00 AM
Fan Jun said...

Nope, generall trend is bullish. just profit takin for 1 day, 2 days or mayb couple of days...

Friday, January 07, 2011 12:25:00 PM

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