With the Dow Jones kept falling down, many stocks are bound to suffer selling and with the current market volatility, it's very hard to do swing trades or investment since there is no real direction on what the market is up next. Study the Dow Jones chart, there was heavy sellers and more selling yesterday before the market decided to give way and started to tumble almost -500 points last evening. Hence the Top Volume stocks in the Singapore today couldn't move up much. So much sellers and many stocks are suffering selling over selling. Thomson medical warrant did not produce any fruitful results and the stock continue to wane off. G Invacom is the only one ultra penny stocks that moved but then it's too risky to trade penny stocks now since there are no real driving force.
With the Top Volume flashing some potential stocks to long should the market bottom out, it's wise to start keeping those Top Volume blue chips in your watch list since there is a chance those stocks might rebound should the market rebound. The banks and tech sector are equally important to watch out for and watch the market closely for volatility for the next few days. It's good for short term trading.
Ronald K -
Market Psychologist -
A Stock Market Opportunist
