Thursday, 30 August 2012

Singapore goes down $30, when is a good chance to go in?

Dear Friends,

If STI does not go down, there would not be opportunities to buy your stocks at a discounted price. It is just a matter of when to enter now. Like what we mentioned in the previous article, I am liquidating my short term positions ahead of Ben Bernanke speech. In fact I think today's fall in Singapore and Hong Kong market is a reaction by the short term traders liquidating some of their positions.

Remember that traders normally do not like risk. And exposing ourselves to an unpredictable decision by the FED involves risk.

I am on the sidelines now waiting patiently to see the reaction of the market these 3 days. Firstly, my eyes will be focused on tonight Jobless claims at 8.30pm US Eastern Time. It will give a glimpse of what might be the outcome of the Non Farm payroll next Friday, and whether I should take the chance to enter next week.

2moro, my feeling is that probably there would not be QE3. So I actually am in the sidelines waiting for the market to react disappointingly. If not, there might not be a chance for me to enter the market.

Next Monday, ISM report  will tell me about the strength of the US enterprises .

Of course, if things go bad, I will be looking to a triple digit increase next week to find confidence back in the US market.

This week is crunch time. Get your weapons ready. There isn't any reason to panic yet. Instead there might be opportunities round the corner.

Rgds
Daniel
www.danielloh.com


Radio FM958访谈 2018年11月15日:世界股市展望 - 现在是熊市吗?

·         美国 股市担心苹果业绩,巴菲特却大胆投资! 道琼斯昨晚闭市在 25080 ,掉了 205 点。在这 10 月 11 月道琼斯的波动都相当大。有很多投资朋友开始怀疑熊市是不是已经来临了。我的答案是还没有。这个跌幅反而是好时机进场。大家不用太担心。 ...