Wednesday, 17 April 2013

MARKET OUTLOOK 17 APRIL 2013

Wall street drop and rise back in tripple digit form. This show that many investors/traders are buying on dips as many have miss out on the long term bull market run. Yesterday trading session in Singapore , we see how strong the Straits Times Index open lower and reverse losses to close the day with a slight gain.

Today we expect the Straits Times Index to trade within a range bound range of 3285-3300. It will try to break the 3300 point quite soon again. We will be looking for M&A. Placement plays which could booster our trading profits. As you recall yesterday, China Mining was on the Top 30 Vol (Very good example of Placement Plays). Once the opportunity arise, we will inform premium members on what good to trade on as the week go by.

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