Tuesday, June 19, 2018

OCBC, DBS - Tanking After Short Covering

The STI and the banks indeed tanked after the earlier short covering.


The market looked like there were some strength as the rebounds happened but then again, the sellers were strong and I believe the rebound was just short covering without much strength and hence the market got sold down heavily again. The Hang Seng plunged -835 points while the rest of the markets were fear of more trade wars implications and started to plunge even more. The Singapore market started to give way and most of the stocks had hard time climbing up now. The outlook was correct and congrats to all who made $.

Ronald K - Market Psychologist - A Stock Market Opportunist