The Singapore market gap up today. The jobs report in the US was surprisingly good and the whole market just reacted very strongly towards that report and so far most of the region were green. I believe that it's good to sell on rising price and for City Development, it gap up too and that's where profits were taken. The stock had a good run recently because of some strong accumulation near bottom where one skilled trader would sell on rising price. The Top 30 Volume was showing signs of a little fatigue too since the market was a little tired on the recent bull run. For now, take profits first, assess the situation and then decide if re-entering is the best option.
Ronald K - Market Psychologist - A Stock Market Opportunist
