Saturday, 29 October 2016

PENNY SEASON - LOOKING STRONGER NEXT WEEK AHEAD OF RESULTS ANNOUCEMENT

We saw the Straits Times Index going nowhere this week. The market is worried about the outlook of the SINGAPORE ECONOMY OUTLOOK with weaker GDP Growth, higher unemployment rate, interest rate hike in 2016/17 by the U.S Fed and depreciation of the SG Dollar. However, the weaker market environment has lead to a surge in interest in small caps and mid-caps that we saw huge volume turnover. This week mark the 3rd week of the penny stock market season. We looking forward to those strong penny stocks that traditionally rally ahead of their results announcement. Key is to look for strong buying when market is weak.


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