We see Friday job report in WALL STREET as a strong sign of recovery in AMERICA. The unemployment rate dip by 0.1% to 7.6%. It is a sign of confidence that America is going in the right direction. The major three indexes namely DOWJONES, NASDAQ and S&P 500 in Wall street recover much of their losses at the end of the trading session.
Today the market in Singapore remain weak and the Straits Times Index would likely trade in the 3290 - 3300 range. Stocks like ISDN, GLOBA have been distributed at the top by the BIG BOYS today, do avoid at all costs. This will likely affect local market sentiment for penny, mid-cap stocks. We will watch for leader play among penny stocks in the afternoon to surface today. For those who has capital to invest in REIT, we see SAIZEN REIT as a upcoming Japanese Real Estate Investment Trust to benefit from higher rental income, thus leading to higher dividend yield. Please be remind that SAIZEN REIT is purely for investment and not for CONTRA.
For other trading opportunities, we will issue the live sms alert when the timing is right.
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