The banks are rebounding after 3 hours of trading after market opened. The downside risk still persist and the market is still unsure of it's direction. Besides the banks, other counters are not moving much and hence it's a tough and boring day. Study the DBS and OCBC chart, they all gap down first, hit a critical demand zone and starts to have some mini collections before rebounding.
As they rebounded, more buyers chased and they started to sell again. It's the same process yesterday when the banks got sold down and rebounded. Tough market. The best strategies which I shared since last year is to do short term trading for this volatility. In fact, this big spikes up/down on this volatility was shared and predicted last year December in all my sharing sessions.
http://stockmarketmindgames.blogspot.com/2017/11/a-private-event-by-ronald-k-stocks.html
http://stockmarketmindgames.blogspot.com/2017/12/a-private-sharing-session-by-ronald-k.html
http://stockmarketmindgames.blogspot.com/2017/12/a-free-dinner-event-with-ronald-k-year.html
Will be sharing another set of stocks and market outlook on Tuesday.
Ronald K - Market Psychologist - A Stock Market Opportunist
