Wall Street made a nice climb on Friday with release of robust results, especially from oil related companies. Oil counters made significant rally for the week. Traders cheer while consumers were fuming which may cause some problems in the near future. Anyway, oil counters in Singapore have yet to make the final rally this week. Will Friday's positive Wall Street sentiments give oil counters in Singapore a push next week? Warrants have been falling aggressively and have reached reasonable levels relative to the mother shares due to the recent correction. Agressive players would have sneak in on quiet Friday but conservative players are adviced to stay away until the market show clear signs of bullishness.
Small caps picks: Pan United have been gaining volume and showed signs of bullishness and break out. Increasing traders' interest provides opportunities for snipers to attack. In the long term, it looks to be starting wave 3. Short term, it looks bullish and on the run. Sniper term, a mini ascending triangle have been formed. Time to break out?
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