| 3559.01 | +19.19 | (+0.54%) | |
| 1781.22 | +11.01 | (+0.62%) | |
| 220.12 | +1.23 | (+0.56%) | |
| 1354.98 | -12.53 | (-0.92%) | |
| 17705.12 | +25.07 | (+0.14%) | |
| 20798.97 | -44.95 | (-0.22%) | |
| 13581.72 | +41.77 | (+0.31%) | |
| 2595.63 | +7.61 | (+0.29%) |
How high can it go? Well the sentiment becomes very positive these few days despite technical indication that this bull cant hold on. Instead, the bull persisted on with a high note. Most speculative counters back in play. As no one is trying to talk down the market in some of the most active Singapore based stock market forums, this is the time to be exceptionally careful. Like I said before, it defied gravity and technical, will it defy human panic? Once the trading bell strike, if a fall of more than 30 points for STI will mean a free fall correction to at least 80 - 100 points band. Many had came into position by buying top actives like Yangzijiang, Biosensor and Beyonics.
The market is boost by the potential positive effect of Integrated Resort (IR) project that will benefit sector like constructions, service and etc. Defensive stances by China to curb overheat was fairly ignored by investors as they continue to add weight to this very big economic bubble. Dow Jones remain strong while Nasdaq continue to climb indicating that tech stock is rather attractive these days. Well, for technology stocks, I think GlobalTest is the safest among them all due to reasonable PE and high interest.
I like strategy, so I decided to come up with a somewhat monitoring portfolio in this blog. To start off, I set aside $2k for this "ARC Market Pulse Portfolio".
| Counter | Qty | Buying Price | Current Price | Cost | Value |
| GlobalTest | 3000 | 0.25 | 0.25 | 776 | 750 |
Since I think GlobalTest is the best counter to buy in light of tech stocks rally, I bought 3 lots. Currently left with a balance of $1,224. I guess I need to be patient in the current market sentiment. Mixed buyers on one hand, frantic buyers on the other. We would not want to be left with no chair to sit on when the music stopped, would we? Buying and selling will be updated accordingly in order to be more interesting.
Maintained hold on Sembcorp and Comfortdelgro. Both climbed although Comfortdelgro went up slightly, Sembcorp Ind did pretty well to closed at $5.20. Outlook positive and downside on energy price expected near term.
On the fund's side, I have already offloaded greater China fund at ROI 20%. Switched Aberdeen European Funds to Aberdeen Indonesia Equity Fund because European Funds was rather stagnant for quite awhile at ROI 9-10%. Remain positive and confidence on the potential performance of Lion Capital Thailand and Lion Capital Korea.
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