The Singapore market went into
a dull mode today with more coronavirus cases increased and the lock down intensified here with stringent penalties. The Dow Jones ran high up with 559 points while the Singapore market already ran ahead, since the futures were up yesterday. Most stocks like Genting and Rex Intl just simmered off with sellers now as it touched a supply zone and I believe it's time to take profits. It's an amazing market since the rebound from 18000 in the Dow Jones recovered so fast so strong to hit 24000 yesterday in less than 2 weeks. I believe many buyers took profits yesterday in the STI and hence you can see stocks slowed down and stop moving now. My profits in the US market escalated to $143,000 last evening and
it's time to lock in $$ soon.
Ronald K -
Market Psychologist -
A Stock Market Opportunist
