Thursday, May 3, 2018

Singapore Stock Market Update - Market Jammed

The market looked jammed. The underlying stocks were mostly selling down like Venture, Hi-P, DBS, UOB and many others like Sembmarine. The market is unusually tough without much opportunities to trade and hence it presented an opportunity for me to trade the US market instead. When there is adversity, use it as a motivation to explore other markets that wasn't explore before rather than sitting there and wait for the market.

The irony thing about the Top Volume stocks were some stock charts looks weak but there is no scripts available for shorting. One can only drool and watch the stocks slowly tanking down. I am not sure what will happen later or if the market would reverse but for now, stay out first.

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Ronald K - Market Psychologist - A Stock Market Opportunist