DBS moved 24 cents today. The banks were strong but not all banks as UOB did not performed as compared to OCBC and DBS. ThaiBev is another stock which has no profit taking and moved higher because the chart was beautiful. DBS broke above the wall and will it trend higher? I need to watch for the next few days on how much sellers is coming out first as I expect the stock to go through some rough patch as it climbs higher. Jumbo got sold down pretty bad while Tritech suffered the same fate. Not all stocks are equal and it's now time to focus back on the blue chips as it looked like the market has something brewing very soon.
Ronald K - Market Psychologist - A Stock Market Opportunist
