Weekly market analysis covering Singapore, US, Hong Kong and China — stocks, REITs, ETFs and trading perspectives.
Wednesday, August 10, 2011
STI Ready for a Rebounce
Good morning every one.
This National Day is definitely a good "buffer" for us, what happened was the US dropped 643 points on Monday night then rebounded 430 points--almost back to square. So it's good thing for us to "stand aside" and watching em "play out".
Below are the counters in my radar for a quick rebounce, "quick" I mean for short term profit. Watch out those support turn to resistance levels.
The blue chips, especially the three banks OCBC, UOB, DBS will leading the rebounce, and
Kepcorp
Sembcorp
Sembmar
F&N
SAR
Wilmar
This National Day is definitely a good "buffer" for us, what happened was the US dropped 643 points on Monday night then rebounded 430 points--almost back to square. So it's good thing for us to "stand aside" and watching em "play out".
Below are the counters in my radar for a quick rebounce, "quick" I mean for short term profit. Watch out those support turn to resistance levels.
The blue chips, especially the three banks OCBC, UOB, DBS will leading the rebounce, and
Kepcorp
Sembcorp
Sembmar
F&N
SAR
Wilmar
Labels:
Long Candidates(Sg),
SG Mkt
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