Dow Jones - The Market Recovery with +779 Points

The Dow Jones did a 180 degree reversal last evening with it slamming down and then recovered +779 points. Many stock recovered and world wide indices just moved higher. See the Dow Jones 5 minute chart, the index touched a supply area while the buyers were still strong. In the Singapore market, stocks gap up, banks also moved higher and Genting gap up 3 pips too from yesterday closing.

The Top 30 Volume were mostly bullish as compared to yesterday's selling. I thought it's a wise choice to buy stocks yesterday than to chase stock prices today. Genting was a good buy yesterday together with the banks and other tech stocks. Today gap up is for taking profits since many retail rushed in to chase. Congrats to those who traded DBS, AEM, Genting and Rex Intl yesterday. All profited handsomely !

Ronald K - Market Psychologist - A Stock Market Opportunist