DBS recovered up yesterday maybe due to the short covering after the gap down earlier in the morning.
Today DBS gap down again but will it recover? Judging from the supply/demand factor, it looked like it will not. The overall market is in a bearish mode and once again the volatility is back for big swings. Other than the banks, most tech stocks were also suffering selling after we locked in profits. I am watching the bank stocks very closely because the rest of the market were just stagnant and not moving while only the banks have some movements. The Dow gap down -220 points in the morning and could it spell trouble for the rest of the week? I will share more in my talk next Tuesday where I will show you all how to see the short selling took place before the market gap down this morning.
Ronald K -
Market Psychologist -
A Stock Market Opportunist
