Market sense 27/10/2010 morning
Sg market open higher and many stocks gap up a bit ( 1 bid or 1-2% ) with the relief US market ( Dow, Nasdaq, S&P500 ) did not drop although many anticipating a pull back. However, market may remain range bound, with traders will log in profit near resistance, on the positive side, sideline cash may continue flow in when market pull back lower near support.
For those who are interested in the TA figure, ie support/resistance level, you may refer to Phillip's research ( ie Technical analysis, Regional Market focus)
Market focuses on penny, also attention on recent favour big cap like SGX due to merger news. GLP, the biggest IPO launch after Singtel.
Short term market remain volatile with sense slightly point to cautiously up. As long as market remains cautious, there are room for upside and chances for retails. When market turn extremely positive over broadbase, it may only good for day traders who can react fast.
Market focuses on penny, also attention on recent favour big cap like SGX due to merger news. GLP, the biggest IPO launch after Singtel.
Short term market remain volatile with sense slightly point to cautiously up. As long as market remains cautious, there are room for upside and chances for retails. When market turn extremely positive over broadbase, it may only good for day traders who can react fast.
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