- Four Trading days ago, STI gap down after a sideway trend support at 3200, this is telling us we "might" be going down further
- Today STI make a Lower Low than previous 3day, This somewhat confirm the Short term we are on a downtrend and there is no sign of reversal yet. Unless STI close above 3185 in next few day, then "maybe" we have chance for a rebound.
- For the past few trading session, we saw a lot of sell down on Good blue chip counter. E.g ST engg, SATS, Starhub, Capitaland. This is something crazy isn't it? Seems like fund managers are throwing towels!
- Today even Strong Mid Cap are falling and some closed below 10SMA, this probably tell us the strong stocks going for a Break, for a while as market dont look so good. In simple term, A correction could be coming, is time to put on your safety belt or practice some Shorts.
- We called on Profit taking at 3209 in our Previous post, now we know that is really where the Big Boy's exited. http://www.andy-yew.com/2013/11/sti-sideway-profit-taking.html
Want to know more about the market or how u can be a better trader? Check out our up coming seminar below!
Free Singapore Stocks Seminar
What are the singapore stocks to BUY and SHORT in this November market?
十一月份 可以买或卖空的股票
Join us to know what Singapore stocks to watch out for!!!
Do recommend your friends to this workshop!
Do recommend your friends to this workshop!
Date:
15 Nov 2013, Fri (华文讲座) 7pm - 10pm
Sharing on
1) Spore Stocks that are trending upwards that you should take note of
2) Spore Stocks that did well for earnings
3) Spore Stocks that are giving good dividends
4) Spore Stocks that are suitable for short term trading
5) Spore Stocks that are defensive plays
Plus we will be providing analysis on your stocks!
Venue: 141 Cecil Street, Tung Ann Association Building #07-02 S(069541) Tanjong Pagar MRT Exit G, walk straight 80m, opposite the traffic light
Speaker: Andy Yew (ART system Founder)
or SMS <Name><Email><HP><Date><Number of seats> to 93676623
