Monday, 4 January 2016

MARKET OUTLOOK - GLOBAL MARKET SLIDING ON FEARS OF CHINA GROWTH

Not a good sign for the 1st day of trading for 2016 when ASIA market drop on concern with CHINA Growth after weak manufacturing surveys released today. CHINA market was also halted when the circuit breaker was imposed when the INDEX fall more than 7% this afternoon. DOW JONES future extending FRIDAY slide dropping 261 points now. STI falling almost 54 points currently with current bearish sentiments.
 
Strategy - Look out for M&A and PENNY excitement plays.(Avoid BLUE CHIPS for the current moments until further clearance). We looking for opportunities in the next few days to come as the market unfold.
 
 
 

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