Ever since the STRAITS TIME INDEX hit its low at 2740, we seen as a buying opportunity that BAD NEWS will become GOOD NEWS. Many negative news about the GLOBAL MARKET has turned positive as most analysts have priced in the worst for the STOCK MARKET. Now that the stock market has delivered good returns since 2 OCT 2015, many would normally locked in their profits.
How do we trade from here at 3000 levels? Stay DEFENSIVE,look for STRONG CYCILCAL STOCKS that perform poorly in 2015 and of course PENNY STOCKS. TRADING around this seesaw level will definitively be not easy and volatility will re-surfaced again once PROFIT-TAKING kick in. We like certain PENNY STOCKS with M&A plays and hope the results will be delivered strongly.