Thursday, 22 August 2013

It does not seem the weakness in DOW is stopping

Dear Friends,

I am looking for a pullback in the DOW after the FED minutes to save the fall. But it didn't. 6 days losing streak....the longest for this year.

The DOW has now fallen about 4.5% from the high. When the FED minutes is released at 2pm, DOW seems to go back up a bit.

But now before closing, it comes back down to end 100 points down. Let us see if the Jackson Hold meeting starting 2moro gives any indication of a reversal. A triple digit increase would gives the push the market needed.

Having said that, STI has a support region around 3000-3100. The last low is around 3060. So I am looking at a strong support around that region. But all things do depend on US market.

Let us be a bit patient. Time to do your homework and see which are the stocks to look at. I will give my views of some singapore stocks at the next article.

Stay tuned...


958 Interview June 28, 2018: Wallstreet is just using "Trade War" as an Excuse for the Fall! (Translated to English using Google Translate)

          Wallstreet is just using "Trade War" as an Excuse for the Fall! Last night Dow Jones fell 165 points to close at  2...