Market Where ??

good evening babes n hunks,

apologies as due to my busy shedule recently, i am unable to give you timely and frequent updates on the market.

today markets are generally mixed. as we are in the rebound phase of a bearish trend, i advised a neutral view yesterday as signs of direction ahead are unclear. most will take profit today after the recent run up because the 1st target of rebound has been hit and overdone which is the reason why you see the market moving inside a big range where big short term players clear their holdings pending for the likely nx big move. i know many people will lose control today and start buying when the index seems to keep moving up only to be shocked by the reverse move in the afternoon. remember, today is not a bull or a bear, it is ranged bound, same for HSI.

the question now is, are we in distribution phase or accumulation phase??? there is no clear answer to this, haha, but we can roughly gauge the stats of a bull or bear move that is coming nx. i said stats, which means probability, not certainty.

firstly, we are in a very short term uptrend. mid term down trend. sti today formed a reversal bar but the bulls showed good strength overall these few days. what we do in such a situation is watch the stronger counters and prepare to long when signs are clear. what signs? firstly, the reversal bar must be negated, secondly, the gains of this rally must be sustainable. remain cautious nevertheless as the mid term trend is still bearish.

stronger counters

capitaland, dbs, cosco, sgx, singtel, china hongx

conclusion

remain neutral, prepare to turn cautious bull if second leg of uptrend starts.

enjoy trading... Heiwa

** i will release my email in the future for personal queries, but not so soon...