Slight Recovery Expected

Straits Time	3486.63	-43.63	(-1.24%)
BT-SRI	1743.75	-23.59	(-1.33%)
UOB Sesdaq	217.91	+0.53	(+0.24%)
KLSE Comp	1339.08	-1.90	(-0.14%)
Nikkei 225	17481.21	-215.76	(-1.22%)
Hang Seng	20520.66	-278.31	(-1.34%)
Dow Jones	13441.13	-84.52	(-0.62%)
NASDAQ	2537.92	+0.00	(+0.00%)

The decline continue globally. Correction naturally take place. STI fell 1.24% to 3438.68. After such a correction, a recovery will naturally follow suit.

Looking ahead, penny in play. Among those in play, GKE Int, Eagles and Ban Joo should resume uptrend movement as interest accumulated and the increase was not abrupt and unrealistic. Yangzijiang should recover slightly on Monday and resume uptrend as it is discerned that this stock has attracted huge interest partly due to its shipping sector business and seemingly unlimited possibility. China Energy is a tricky one; good news pouring in, move to new heights. But it should correct substantially soon as fuel price seems to have stablised.

Within my long term position, Comfortdelgro remained at $2.180 whilst Sembcrop shed slightly to $5.350. Positive and maintained hold.

ARC Market Pulse Portfolio:-

Counter Qty Buying Price Current Price Cost Value GlobalTest 3000 0.25 0.245 776 735 Ban Joo 5000 0.095 0.125 475 625

As what I thought, Ban Joo should be in play and is still in beginning of accumulation. So I bought 5 lots at $0.095. The balance now is $749 and current value of portfolio is $1,360.00.

In fund's perspective, I am very positive on Korea and Thai equity funds.

Gold price is rather weak at the moment based on the 1 year chart. Resources equity funds or even counters can be considered in the near term.

Any opinion herein is made on a general basis and is not an inducement to trade.