A lot of blue chips were selling down yesterday after the US market was up 300 points last Friday. I am not sure why but if I need to piece everything together, it was because the Singapore market already moved with the futures and foresee a drop in the US market last evening. This morning most stocks opened a little lower and started rebounding.
Tech stocks were pretty strong today while in the Top 30 Volume some other sectors were also maintaining it's strength. The Top 30 Volume is a good gauge on measuring the strength/weakness of sectors and it's also a good place to find good stocks for trading like Broadway ind^ which tumbled down for 3 days and rebounded 12% today. It's a easy stock to trade in the minute chart and it's a good counter for intraday trading for good profits. See the minute chart, the sellers were pretty mini in their selling which buyers just came in to swept up the shares earlier in the morning. Tomorrow is another new set of stocks by just glancing the Top 30. :)
Ronald K - Market Psychologist - A Stock Market Opportunist
