Congrats if you followed our previous post :
Last week, we spotted a good place for SPY to take profit. Since then the market changed to profit taking mode accompanying with gradual sell down. In US market, we are still in a Bull market, unless S&P fall below 1760 then we start worry about the Bear. We will look for opportunity to buy on Dip for US stocks, especially those stocks with smooth, low volatility, uptrend.
Meanwhile, we will stay Out and stay cool with our profit. Wait for SPY break and close above 10ma for the next long position. For existing position, be prepared to get stopout with your trailing stop, if it doesnt, continue to ride the trend.
Furthermore, STI mark the 3 day no new High, this is sign of profit taking, since fund house already took profit, any further downside risk(bad news) will be a Sell down.
Market Outlook Q1 2014
FREE Hong Kong & Singapore Stocks Seminar this week,
we will share with you:
1) How to PICK STI stock when it bottomed and Sell at the Top
2) Stock analysis with the NEW ART SYSTEM
3) Strong Singapore and HK Stocks that will Rally after the Correction
4)Strong and Weak Sector to watch Now
Date: 9 Jan 2014, Thu (English Seminar)
10 Jan 2014, Fri (华文讲座) 7pm - 10pm
Time: 7pm - 10pm
Venue:
Venue:
