1) Speculation view for Monday: Markets will turn to US futures & European markets for signs. Knowing that US markets closed weak on Friday but I presumed it's already factored.
Posted during the weekends.
STI might fall on opening and rise back throughout the day.
Posted just before STI opens.
I won't always make accurate calls, so remember to do your own analysis before taking my analysis into account & disclaimer applies. :)
Yes, accurate. So any rebounce is the chance for us to short?
ReplyDeleteIf we notice a nice uptrend, shd we go ahead to long or still need to see our Mr Market? As two in mywatchlist have done well even market still not certain.
Tml STI could be quiet, unless Dow Jones Futures or Hang Seng Index show otherwise.
ReplyDeleteLonging will be around support region but do watch your stop loss.
If STI closes below 2762, I think we have to be careful with our longs.
For now, I dont see any reason to short. Shorting at oversold region and support is really not advisable. I will try to update my blog every time I see something.
You can still can register at the chatbox today. It's easier to post me questions there, and I will try my best to reply immediately.