Thursday, 16 August 2012

STI back on track after yesterday down day

Dear Friends,

From the discussion in some chatrooms and facebook and websites, we know some of the retailers are betting the stock market to go down, talking about shorting this stock and that. We suggest against doing it now. 


It is because market is still at a bullish mode. How do we know?

Look at Wilmar and Genting!

Their earnings are terrible. Wilmar gaps down 30 cents at the open, Genting has a terrible result too! And yet the stocks come up after earnings day. This shows that even "lousy" stocks are being SPECULATED up. The market is nonsensical now, meaning it does not make sense.

And as a trader, we need to develop an intuition. I counted a lot on intuition and feeling throughout my years of trading in the US market. At this moment, I cannot sense any bearishness yet! If you are still waiting in the sidelines to wait to buy the stocks, you might miss one of the greatest bull run these couple of years until OBAMA US presidential election.

Of course short term wise there might be a small consolidation in this long term bullish trend towards election. One way to spot a short term down trend is a triple digit decrease in one day for DOW, or 3 consecutive down days for the DOW.

At this present moment, I feel Singapore market is better than US now. US is in a bit of consolidation the last week. But it is not dropping either.

For your information, keep this dates down, there will be QE3 expectations again before the dates

1) 31st August
Many economists expect Fed Chair Ben Bernanke to send a signal of the central bank’s intentions in his remarks at the Fed’s summer retreat in Jackson Hole on Aug. 31.

2) 12th and 13th September
FOMC meeting: Ben Bernanke will speak again at the 2 days meeting.


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。 ...