| 3475.08 | -26.02 | (-0.74%) | |
| 1754.40 | -14.08 | (-0.80%) | |
| 213.16 | -2.74 | (-1.27%) | |
| 1346.10 | -13.49 | (-0.99%) | |
| 17512.98 | -164.96 | (-0.93%) | |
| 20868.15 | -111.09 | (-0.53%) |
STI has corrected slightly more than half from Monday's rally to its current 3475.08 which signify that bull is still running. Well, personally I do not think so. Because technically speaking the buy up was an euphoric one, that is following China's overheating engine. It is alarming that the more 500 point HSI was a remarkable one. Now the trap and the stage has set. Next few day will be selling which will trigger off cutting loss by contra hands. Beware.
Asia basically follows Greater China now. From its 'Greater' we can inevitably sense that this sleeping dragon which was awaken quite some time back has been working really hard to make an impression to the world of economy. Subsequent market behaviour could determine the market movement for the rest of the month. Currently, first half of the month seems relatively positive. If a fall of more than what was corrected today will mean Thursday will not be spared followed by a slight consoling recovery on coming Friday.
My long term stock, Comfortdelgro is beaten rather badly but I am not worried from this XD trashing because after all this counter is the second biggest transport company in the world, how far wrong can it go. Maintained hold. Sembcorp remain strong despite a slight drizzle, unchanged a $5.
In funds, Korea and Thailand funds are ascending. Take extra note if you would or else you are going to miss big time. Because this two emerging funds are going to rally to a price that you would feel too expensive. Election coming for Thailand, a milestone for economical stability in the eyes of Investors or even speculators.
Be sure to apply your GST offset package payment from the government. Just applied mine through ATM just now. I hope to formulate more intersting strategy in my postings next month.
Any opinion herein is made on a general basis and is not an inducement to trade.
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