Friday, March 23, 2018

Singapore Straits Times Index - Black Friday

The market bleed profusely with so many stocks tanking and buyers were supporting the market much. A small rebound that happened in the morning suddenly got wiped out by the sheer force of selling pressure. Everyone is scared to go long now and it's not the time to buy any stocks at the moment. To go back long again, the market must have more panic sell down and more volatility where it reached the demand area before the buyers will emerge. I call today a black Friday because STI seldom tumble so much in one day. It's time to offload your long term positions investment in my personal view.

Happy to be receiving a message that students who shorted OCBC this morning and DBS because I shared some very important skills yesterday evening. Congrats!

Ronald K - Market Psychologist - A Stock Market Opportunist