Monday, January 16, 2017

Singapore Straits Times Index - Seller Rules

Today is a tough day in the market. After last Friday's rampant up with an amazing speed with mostly retailers chasing, I expect the market to turn red today. The sellers are looking to lock in $ while the buyers are looking to collect it at important and the correct support level. Most blue chips maybe suffering some selling with some penny and growth stocks may continue to run a little. Not all stocks are equal but I am speaking in the context of the big overall picture. Not trading today as I have some important errands to run. Have a great day trading.

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Ronald K - Market Psychologist - A Stock Market Opportunist