Tuesday, January 24, 2006

STI - What's Next?

Yesterday, as expected, selling was across the board.. However, it was not as severe as I‘ve imagined! With USA on very unstable footing, oil up,Japan down 300 pts again, commotion in the Middle East and etc. it would not be sensible now to be aggressive in the market, that is, as far as I’m concern. As many had said, this market is now for the “lion heart” only. All is not the end yet, the Business Times is yelling SemiConductor recovery and the Hard Disk Company’s glory and good results, in particular, the outstanding Seagate. Since Singapore Economy is doing well, Banks will definitely benefit from it. In sum, selective bargaining (DBS View ) still can be sought after, but with eyes on screen! As I’m writing Dow is up 35.14 and NASDAQ 2.11 respectively. Chartered and Statchpac had managed in +ve territory. A peek at the on STI Chart showed a bearish tone.My favourable Picks list is still maintained! Today shall be better, but it is better to be careful and trade with caution and patience!

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