Tuesday, January 31, 2017

Blue Chip Stocks - Heavy Sell Down

These are some blue chips counters that suffered a heavy sell down today. They are all bearish in my opinion. DBS, Sembcorp and Wilmar all suffered profit taking before the sell down took place. Now with the STI breaking down, will the overall market follow? Is this a heavy sell down for more heavier sell down to come? Watch the above stocks, they will dictate the STI because of their industry.

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Ronald K - Market Psychologist - A Stock Market Opportunist