Dow 13,557.58 +62.97 +0.47 %
Nasdaq 3,135.57 +0.34 +0.01 %
S&P500 1,457.72 +6.73 +0.46 %
During the time of this post on the Thursday night on 4 Oct 12 at 11.46 pm, Singapore time, Dow is showing great strenght in the green region. Amid Europ Crisis, the market seemed to have persisted and enjoyed growth thus far in the Wall Streets.
My Humble Views
The next day which will be a Friday, commonly known as "Profit-taking" day will see not too much of action in the Singapore market, STI. However, there are two stocks that I have been observing. UPP and Ausgroup. After THBEV lost its volume, it is largely believe that the focus had been directed to Ausgroup. Hot money is definitely going in here. I have absolutely no idea here, but based on my experience in the market, something must be brewing in there. It is likely to be good news. I am looking at profit-taking at the 0.595 region because it could just gap up to open at 0.575 and zoom past 0.58 its recent resistance level on 5 Oct 12.
For UPP, it is co-related to Yoma and Interres. They move, UPP moves. However, UPP has been moving upwards more than how Yoma and Inter-Res moves lately. It is likely to trend upwards as it has been in the consolidation phase for quite sometime already. UPP should be opening at 0.440 on 5 Oct 12.
The above are my personal views and they are never an inducement to trade.