Wednesday 8 August 2012

Singapore Short term players better to liquidate position before National Day

Dear Friends,

Singapore Stocks have been having a great day. Some traders in Singapore might use this chance to liquidate some positions over the holiday 2moro after noon time. I would encourage short term investors to also follow suit. Take a bit of profits off the table.

For longer term players, of course, continue to hold your positions as mentioned. We have been perfectly right in our forecasts so far in July and August.

Last week I also issued a forecast that Non farm payroll or jobs reports has a good chance to be good. Indeed everything came out as expected. Non farm last Friday is extremely good, thereby pushing the DOW up 200 points. Today it is still up by 80 points.

For those who have not entered, my advise is wait till after holiday!

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