Market Snapshots - Wall Street is positive on data release. Earning of most listed China stocks doubles. China is also taking a swift stance of asking bank to increase their reserve to curb from ecomony overheat. It may sounds neutrel but its a positive news. Big player are going to buy tomorrow. Gold price is climbing and seems to be revisiting its April 2007 height.
Most people are trying to talk down the market and people are going to sell. True enough, they are going to sell or short but to find themselves unable to cover. Tomorrow is eve of holiday which is a day of green based on my experience, though many people say profit taking will take place. Personal sensing is that Shanghai Composite and Hang Seng is going pull STI up based on their profit results and they are in a euphoric buying mood.
Midweek ahead, overall sentiment will be hard to say as buying will be exhausted and on supposition, global market subsequently turned into a mixed market trend as Sell In May Effect sets in. But its going to be sudden, unexpected and unpredictable.
Trade with caution and care.
Any opinion herein is made on a general basis and is not an inducement to trade.
Most people are trying to talk down the market and people are going to sell. True enough, they are going to sell or short but to find themselves unable to cover. Tomorrow is eve of holiday which is a day of green based on my experience, though many people say profit taking will take place. Personal sensing is that Shanghai Composite and Hang Seng is going pull STI up based on their profit results and they are in a euphoric buying mood.
Midweek ahead, overall sentiment will be hard to say as buying will be exhausted and on supposition, global market subsequently turned into a mixed market trend as Sell In May Effect sets in. But its going to be sudden, unexpected and unpredictable.
Trade with caution and care.
Any opinion herein is made on a general basis and is not an inducement to trade.
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