Disclaimer: The purpose of this blog is not intended to induce or promote any insider trading or manipulation activity. This blog is created for the sole purpose of education, discussion and knowledge sharing. All charts and information can be obtained freely from the public internet. All analysis are based on my own personal view and years of experience. It should not be used as a decision to solicit buy/sell activity. Use all information at your own discretion and practice due diligence.
The Dow Jones last evening was really bad in selling. It was triggered by a bad data which led the Dow to collapsed -300 points. I wasn't trading much in the Dow yesterday but still took some small trades since I had some personal matter to attend. Stocks stumbled badly to start the fourth quarter as a weak report on U.S. manufacturing prompted broad selling last evening and luckily, I had locked in profits with my traders on Trade Desk and other US stocks which we avoided this selling that happened yesterday. The Dow gap down from top after 20-25 mins market opened and went spiral down hill with so much ferocious selling which was hard to recover. I did not made much profits but at least still better than nothing. Trading has been great recently and looking forward to the next LIVE Trading.
See the Top 30 Volume in the Singapore market, they were all not moving and turning red. Lacked of buyers and fear caused more retails to throw down. Tough day in the overall SG market as stocks are tough to trade and make $.
Ronald K -
Market Psychologist -
A Stock Market Opportunist
