Friday, October 26, 2018

Top Volume - Dow Up +401, STI Selling -31

Once again, the market reversed in directions. The Dow was up like +401 points last evening and earlier on the STI just gap up and then started to sell down another -31 points with so many sellers putting out shorts. Just when you thought the market can go, it reversed otherwise. It's in a whirlwind stage with so many twist and turns and no one knows where is it moving. The results for UOB was going but it opened lower and gap down and then moved down lower. I am so stunned by that move where just when you thought you see profits, market changes otherwise. Luckily, I took DBS and not UOB and DBS gap up instead of gaping down. Tough market, observe first.

Ronald K - Market Psychologist - A Stock Market Opportunist