Most stocks are in the trading ranges and the Top 30 Volume is pretty what mix. It's was quite sporadic as the stock jerk up and came down so immediate. Sembcorp, Thomson and Comfort Delgro all showed the same pattern. I am not sure what those stocks were doing but it looks more like a scalp trades from proprietary traders. The market after the -845 points drop from the Dow did not have much buyers supporting the index and hence, I am not too sure if the market can continue to climb upwards while sellers were all waiting there.
Without strong buyers, the market is due to some fall. Let the market and stocks climb first and soon when the buyers stop their buying, sellers will take control. It's tough now and hence for me personally, if I take any trades, it's mostly scalping only.
Ronald K -
Market Psychologist -
A Stock Market Opportunist
