Tuesday, November 10, 2009

Market Sentiment Not firm ? Play Safe - STI

Intraday sentiment is uncertain. STI continue to rally in the morning following US but strong pullback in the later afternoon. Trading volume are still low, any slightest wind will cause the price to retrace back. Hence to test the market, I rather to select counters with strong uptrend. At least if the weather is changing, I can still stay loating without hefty cut!
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4 comments:

  1. Ah GohNovember 10, 2009 at 5:06 PM

    Only Banks and Commodities are in play by EOD!

    ReplyDelete
  2. Ah GohNovember 10, 2009 at 5:14 PM

    Entered Olam at 1 bit higher than yesterday high. Market open with gap up 4 bits, resisted to chase (lucky me!). Afternoon retrace to my target entry ...no win no loss :)

    ReplyDelete
  3. Ah GohNovember 11, 2009 at 9:35 AM

    STI sideways since Aug. Most of the counters are either sideway or moved up and retrace to lower low. (an inverted U shape)Trading breakout from resistance, breakout from traingle formation meant to buy at higer level and hope the breakout substain. In the sentiment, the breakout has yet to be proven hence, more often such trading approach can be risky...I think..

    ReplyDelete
  4. Ah GohNovember 12, 2009 at 5:28 PM

    The market sentiment weaken today and seems the commodities rally ended. Decided to pullout without any blood!

    ReplyDelete

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