Saturday, June 25, 2016

Singapore Straits Times Index - Game Plan for Monday




World wide market melt down due to the Brexit. It was a doldrum in the financial world and could spell more trouble to come. The S&P 500 last evening tried to rebound and it did but was only met with an influx of determine sellers.

Coming Monday is an important day for the Singapore stock market. I expect it to open a little lower and from there on, I would like to judge the supply/demand factor to see how much more sellers emerge. If more sellers, I would look to short this market, but if the demand slowly creeps in, look for good buys in blue chips for some swing trading. Before STI collapsed further, I really need to judge how strong the demand is but looking at the chart, it looks bleak for buyers. Other than that, have a great weekend all..:)

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Ronald K - Market Psychologist - A Stock Market Opportunist