The market tumbled in the US last evening. The Dow Jones had a massacre where many sellers were selling while buyers were taking profits. Also due to many new free comm trading platform like robinhood, many retail traders and amateur traders were experiencing margin calls and started to throw down panicky. Put options were also another factor combined with the tech plunge, the market had to sell off in a fast and furious manner. The Singapore market is weak as usual as nothing really excites traders. Look at the Top 30 Volume today, it's mostly selling and most stocks got gap down and followed what happened last evening. I am looking for some quality blue chips to mid caps once the selling is over so as to look for long again. The Top 30 Volume is the key in picking the right stock. Let the selling abate first and look for stocks by picking and seeing institutional buyers buying before making an informed decision.
Ronald K - Market Psychologist - A Stock Market Opportunist
