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发表于 16-11-2009 00:16:52|来自:新加坡
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There were talks in the past about Asian markets decoupling from the US. But I think Singapore market is still watching US very closely, that's because USA is still a major market for Singapore exporters. If US corporations are not doing well, then local manufacturers will feel the pain.
However, I prefer to watch the STI volume. After the March 2009 dip, the daily volume reached a high of 5 billion shares on 8 May. The 20-day Moving Average Volumne was 3.18 billion on 8 June. Last Friday's (13 Nov) volume was 1.14 billion and the 20-day MA was only 1.44 billion.
This shows that the big boys are out of the market. There is a lack of interest and momentum. I think it's not wise to fight the trend.
If you look at the STI standing at 2,727 last Friday, it's not bad at all. That's because of the support of some blue chips component stocks. UOB closed at $18.96, it's highest in the year. But there are many mid and small caps that went southwards and consolidating, still catching their breath.
By the way, I'm not qualified to give advices. So, do not take my words seriously. I'm learning from all of you. My only qualified advice is to "take calculated risks". Don't gamble, because no one can be lucky all his (or her) life. For short-term trades, I put in a 5% (at worst 10%) stop-loss trigger. And I will be extra careful with buying when the STI daily volume is below its 20-day MA, especially when the daily volumn is below 2.0 billion most of the time.
Till then ... |
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