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