Thursday, 13 March 2014

Asia Market does not look good? What is the plan?

Dear Friends,

You may think that Asia is going into a selling frenzy given that Nikkei and Hang Seng both drop more than 300 points. STI drop 32 points.

In my opinion, I think that this selloff today is unwarranted. A lot of us are scared that US may tumble given that it is at all time high. DOW nearly touches 16588, the all time high a few days back, before dropping for 3 days. S&P500 reached a new high just 4 days back.

With China economy showing weakness, surely the US market is going to halt, RIGHT???

Ha, I would like to think so, given that I don't even have the chance to board my favorite retirement stock, FACEBOOK. It simply is not cheap enough at 70.94!

But sad to say, I think US is not entering a correction yet. I don't think you might see it this month. Given the positive data of the non farm payroll and ISM report, I do think that DOW is capable of hitting all time high again.

So, if Asia has a selloff, I do think it may be time to watch a few markets again! Hang Seng and China is again in my radar now!!!

Stay tuned to my blog where I will post where I think might be a bottom.

I do hope that STI might reach 3050 again, but, I feel it has a better chance of advancing to 3150 again first.

Let us see!

Rgds
Daniel
www.danielloh.com


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...