Thursday, April 19, 2018

Top 30 Volume - Blue Chips Banks

The STI had been up about +103 points for the pas 2 days. In the Top Vop, many blue chips and especially the banks are trending higher and even higher. The other blue chips also followed like Capitaland, SGX, Keppel Corp, etc..What drove the STI so bullish? I don't know the answer but it could be every stock in the Top Volume is giving out CD and the traders were pushing it up before the XB. The STI now hit a strong supply zone and it's a tough decision to go long or short. Maybe the mid cap and penny counters should be in play soon and focus on that sector is better.

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Ronald K - Market Psychologist - A Stock Market Opportunist