Some small actions spotted in the penny stocks earlier. Falcon, Rex Intl and Kris Energy all had movements out of a sudden at 2pm plus. Most of the blue chips were indeed taking a small simmering except the banks which moved up really fierce with some big biting earlier in the morning. UOB and OCBC seemed to be the one taking the charge while DBS did not move much. The HSI continued it's sell down while the STI is still currently at green. I am not sure how much more it can last because tomorrow is a holiday for Hong Kong but let's see how much more steam the bulls are left.
Ronald K - Market Psychologist - A Stock Market Opportunist
