Singapore Market
ST Index- The ST index broke above the sideway consolidation and
rallied
sharply on Friday hitting an intra- day high of 2446. Our earlier
recommendation was to sell into strength as we felt that the odds of a
breakout from the 2380 was less likely. Still, we had highlighted that
the
next eventuality was for a move towards the 2430 level . We saw that
move
unfold within the space of a day as large cap index stocks rallied
sharply.
Interestingly small cap stocks did not make any significant gains and
most
of them continued to trade off their recent highs. It is also
worthwhile
noting that small cap stocks had rallied ahead of the index and this
could
be a situation where large cap stocks are playing catch up. We think
the
risk/ reward ratio for the both small caps and large caps are not
attractive at this juncture and further declines are likely even as
recent
euphoria abates. Immediate resistance for the ST index is at 2446 and
then
at 2470. We continue to view this move up as a bear rally and a trap.
Best Regards
K Ajith
64195411
rallied
sharply on Friday hitting an intra- day high of 2446. Our earlier
recommendation was to sell into strength as we felt that the odds of a
breakout from the 2380 was less likely. Still, we had highlighted that
the
next eventuality was for a move towards the 2430 level . We saw that
move
unfold within the space of a day as large cap index stocks rallied
sharply.
Interestingly small cap stocks did not make any significant gains and
most
of them continued to trade off their recent highs. It is also
worthwhile
noting that small cap stocks had rallied ahead of the index and this
could
be a situation where large cap stocks are playing catch up. We think
the
risk/ reward ratio for the both small caps and large caps are not
attractive at this juncture and further declines are likely even as
recent
euphoria abates. Immediate resistance for the ST index is at 2446 and
then
at 2470. We continue to view this move up as a bear rally and a trap.
Best Regards
K Ajith
64195411
posted by SmartYInvestor at 3:19 AM
2 Comments:
Dear Friend: What I have done here is decided to give you- inside information-about my business. Normally, I advertise as many businesses as I can, keep the ones that are performing well and discard the rest. Now to save you valuable time and trial and error over and over again, I have added here the very cream of the crop in fast moving companies. Click here: FIND OUT NOW!(Random Rotation Link).
it sounds good, outsource is good for me.
--------------------------------------------------------------------------------
I like some links of google:
software outsource.
Post a Comment
<< Home