Weekly Wrap

2nd week 2013, the three major indexes in Asia are in red, while the US are in green. The downs and ups all are not much, in a sideway consolidation mode. Major uptrend are intact for all markets. Asian market a little bit profit taking after previous gain, overall the bulls are in well control.

For Singapore market, the S-chips are still in focus, any retracement will provide long entry opportunities. The government's latest move on cooling off the property market which took effect yesterday 12th Jan should be positive for the stock market (well, except property sector), the question jumped out of my mind is: if investors give up to buy houses, where will they invest their money?