Friday, 5 June 2015

MARKET OUTLOOK - FEELING BEARISH AHEAD OF THE JOB DATA TONIGHT

The market has been feeling bearish for the this week ahead of the JOB DATA tonight. This week see MANY FUNDS exiting our SINGAPORE MARKET, thus affecting most of the index components. I will be looking forward to the JOB Data on WALL STREET. A weak JOB data will mean that the FED will postpone the interest rate-hike is what everyone would be expecting from estimates.
 
Next week we will look out for TECHNICAL sold-off BLUE CHIPS components;  NEW PENNY plays and M&A interests. Enjoy the weekend and we will see how the market perform tonight.
 
 

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