Singapore
share prices closed higher on Tuesday with the Straits Times Index up
44.41 points to 3,018.91. Volume was 1.81 billion shares worth $1.41
billion. Gainers led losers 293 to 102.
Yesterday
US market surge up more than 100 after Federal Reserve Chairman Ben
Bernanke on Monday made clear that the central bank is in no rush to
reverse its ultra-loose monetary policy that was still
needed to reduce unemployment. “Bernanke's words that monetary policy
will be loose will provide a short term catalyst for the markets”.
If you look at the major indexes, overall the trend is upwards but our view as mentioned previously is that
the upside momentum is likely to slow down. Thus, you must know what strategy to use that suit
current market condition and one of the strategy we mentioned is swing trade.
If you have attended our seminar
before you should have learned how to trade short-term using swing trade
strategy. Today KepLand has triggered at $3.44, for those who has
entered please set your
stop-loss at $3.36. Target will be at $3.57 based on recent high
as resistant. If you have Metastock you will be able to scan out this
stock last night and be ready to enter today. See below/attached chart.
ART Team Andy
