Saturday, 25 January 2014

Dow drops near 200 points again in 2 days!

Dear Friends,

Yes, there seems to be a big drop again. A lot of us are worried whether this drop would continue and DOW tanks another 1000 points.

My suggestion is to hold your reins as I would most probably like to see the results of some important companies next week. Kicking of next week, is Apple earnings on monday, Facebook earnings on wed, Google and Amazon earnings on thursday. It is a jam packed week with tech powerhouses.

Recent weakness in the tech sector will set up an interesting next week.

Somehow, I do feel wallstreet has not been a serious panic mood yet, and there is a chance for a rebound.

I am looking at Dow 15700 to hold. We shall have an answer from the market next week!

Stay tuned.
Rgds
Daniel

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(P.S.) Now it is near closing bell, DOW has dropped 290 points now. It does seems now everything is getting worse. for those that invest in local stocks, it is better to keep your stop losses tight, in fear of a backlash for Asia market on Monday.

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