Tuesday, November 08, 2005

STI - Today


Today market looked pretty the same as yesterday. Up in the morning down at 11:00am and up again at 4:00pm till closing. Green patches in chart looked like shorting and covering respectively at the critical timings. A 14.91 pt gain today may spill over tomorrow, evidenced from final hour lift(the red patch in the chart).
Managed to exit Keppel Land in the morning at $4.00 and made some gain after hearing from CNCB that HK Property Sector is down and maybe going south further due to current bad market sentiment in this sector.
Also STI volume is a 848 million today. This interest may not be suggestive enough to get us "out of the wood yet". Noticed today, Tech stocks (besides Creative) down for no apparent reason.
On the other hand,Banking counters were also among the top gainers. This matched well with my "where to put the Money" strategy that I have written on the 6 Nov 2005.
Oil ought to be linked with transport company. At least as far as Singapore is concerned. ComfortDelgro did well closing a 2 cents gain confirming its upward trend.

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