Tuesday, 19 January 2016

STRAITS TIMES INDEX - SIGN OF RELIEF FROM TODAY MARKET REVERSAL

 
The first 10 trading days of 2016 has not been good for the Global Stock Market. STRAITS TIMES INDEX has fallen almost 9% hitting a low of 2578(18Jan2016). Today reversal rally is seen as a sign of relief that valuation has become cheap. Singapore STRAITS TIMES INDEX has been brutally sell-down in wake of the slower growth from CHINA.
 
Yesterday, we picked 5 O&G stocks(EZRA, COSCO CORP, KEPPEL CORP, SEMBCORP IND, SEMBMARINE) that have been heavily sold-down. The reversal come early for COSCO CORP yesterday rebounding from a low $0.29 to hit a high of $0.34 and hitting another high of $0.37 today. The rest of the O&G stocks performed extremely well today and we are happy to see that the market has turned it course around. Bargain Hunting is risky on Blue Chip but once we have done our RESEARCH, the REWARD will be worth the risk. Congrats to all who Profited on today STOCK MARKET Action.
 
 

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