Friday, 17 June 2016

STRAITS TIMES INDEX - LOOK OUT FOR THE STRONG STOCKS

We agreed with most of our viewer feedback to us that the market is really very hard to trade. With increased volatility coming in JUNE due to the FED RATE HIKE FOMC being concluded, the market pressure ease a little. As WALL STREET did a rebounce rally last night, many would expect the local STI market to gap up. But after 5 days of selling pressure, there going to be some selling pressure on a Friday. We will try to look out for STRONG STOCKS like ANCHOR RESOUCRES yesterday going forwards. Usually when the market is weak, there bound to be some stocks that would look resilient and it could be ripe for it to rally once the market take off.
 
Key to look out - STRONG STOCKS + UPTREND
 
SMS TRADE TRACKER do check it out
 

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