Monday, July 2, 2018

DBS - Morning Gap Up

The market gap up today and DBS followed with a gap up too and as of now, it simmered with a 10 cents drop. OCBC on the other hand did not ran and started to suffer some selling which tells you that something is wrong in the blue chips. Some other blue chips suffered sell down too like City Development while others jammed with much activities.

There was some selling last Friday towards the end and the market suddenly gap up today with only selective stocks? I am not sure of the direction but the Top Volume suggest many stocks will be soon in play. Propnext is the only stock that is rising like mad but then again, it's the first day IPO so many traders are looking to trade something new.

Ronald K - Market Psychologist - A Stock Market Opportunist