Wednesday, 19 June 2013

Expectation before Ben Bernanke, but what about after?

Dear Friends,

Today DOW increases by another 160 points. It is 3am in the morning Singapore time. However given the recent rise in the DOW, I predict that expectations of Ben giving reassurance that QE won't be stopped might have already been priced into the recent run-up.

I expect the market to slow down or even retraces a bit after the announcement.

We shall see what happens 2moro...

Rgds
Daniel

STI is the Only Flower stuck in a pile of Cow Dung! - The only major index in Asia that is in the Green

Dear Friends, A few days ago, I issued a post on where I think is the accumulation area of STI - 3300-3350. Yesterday it dropped into thi...