Tuesday, 8 January 2013

Singapore Stock Tip: Banks showing weakness still

Dear Friends,

A few weeks back, we mentioned that Singapore Banks may have hit a strong roadblock! We mentioned that UOB resistance is $20, OCBC is $9.80 or $10(major resistance), DBS is $15.

Non of the banks broke out of the major resistances yet, when STI continues to power on these few weeks, even when fiscal cliff is over.

Our last article on Singapore Banks:
 http://www.danielloh.com/2012/12/singapore-banks-have-not-broken-their.html

UOB now is $19.43, who seems the weakest looking at the chart. OCBC is $9.72, DBS is $14.81.

We still maintained our view that you can consider shorting these stocks to maintain a hedge against your bullish position if you are not willing to leave your bullish position.

Rgds
Daniel
www.danielloh.com

958访谈9月21日:展望2017年股市与经济:美国联储局都不看好美国经济?

·         美国联储局都不看好美国经济? 道琼斯昨晚闭市在 22412 点,涨了 41 点。 昨晚最大的新闻就是联储局的会议。联储局的主席耶伦讲了几样事情: 1)   第一: 联储局保持利率不变 , 但耶伦也表示今年还会加息一次。 这其实和原本的预测一样...