The largest listed OIL STOCKS such as SEMBCORP MARINE AND KEPPEL CORP did an excellent reversal rally from the low seen on Wednesday and Thursday. Bottom picking can be a good strategy as the risk is lower and the reward is higher. Other oil stocks EZION,EZRA and POSH are doing well too. We will be focusing on something bigger such as M&A, PENNY stocks when the timing be right. Important to focus to see whether OIL PRICE will hit $60/barrel soon.
Straits Times Index trading higher today at 3242, which could rally higher going into the CHRISTMAS WEEK PERIOD. Strategy will be to LONG -STOCKS which are cheap and have major room upside.
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