Friday, 30 March 2012

Bad Miss in Jobless Claims and GDP again pulls the Market Down

Dear Friends,

Today is a Redful Day. 71% of stocks are declining compared to 16% advancing. Both Jobless Claims and GDP miss the expectations by analysts.

Let us hope that 2moro's Chicago PMI data and Monday's ISM data is good. If not, expect more backlash. Please hold your trigger since the major reports will be out 2moro. I am waiting for a good Jobless claim data today. But it sure disappoint.

The strategy now is to hold the trigger and wait for Manufacturing Data to determine the next move.

Rgds
Daniel

STI breaks 3280 triple top barrier! What are the Singapore Stocks to Look at this quarter?!

Dear Friends, It is great news that Singapore STI has a triple top breakout off 3280 barrier! As a trader, I always look at triple top bre...