1) Banks and Property stocks is the strongest sector. We should remain holding these sector.
2) US market remain strong for mid and long term, dont need to worry.
3) Penny stocks is overheated, Retail player beware. Now we see, a lot of people are stuck now!
STI is making everyone sleepy today, just like weather. We see it currently trading in a range bound between 3200 and 3280. For it to move higher, we need to see STI beak 3280,
Action plan 1: only buy more stocks if STI give us the signal of going higher.
If it breaks below 3200, i believe that a alot of fund managers will manage their risk. Cutting down positions.
Action plan 2: if break 3200, Cut your position. Short to hedge position
If STI stay within the range mentioned above: STAY COOL!
If you have stock stuck in the market and dont know what to do. Ask us.. ==> : arteam@phillip.com.sg
