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May
31
Is This Stock Market Rally For Real?
May 31, 2009 | 4 Comments
With each passing week, the case for a bearish reversal out of this stock market rally becomes stronger. For the time being, the bulls triumphed by breaking out of a potentially ugly double top pattern. This raging bullish sentiment pretty much sums up last week’s stock market actions.
May
22
Bull-Bear Royal Rumble: Bear To Assert Presence Soon
May 22, 2009 | 1 Comment
There is nothing more detrimental to our psychology than seeing our friends get rich. With each day that stock markets continue their impressive surge, lingering skepticism are transformed into belief and rational people are behaving once again like gamblers.
Jul
23
Pick Up Blue-Chip Stocks Incrementally
July 23, 2008 | 1 Comment
Wall Street continue to finish higher on Wednesday. Dow Jones ended up 0.3%, Nasdaq composite gained almost 1%, and the S&P 500 was 0.4% higher. Falling oil prices and the likely approval of a House bill which will stabilize the collapsing residential properties sector cheered the market.
Under the new legislation, $300 billion will be allocated […]
Jun
12
Hungry Bears To Take A Break
June 12, 2008 | Leave a Comment
I have not written market analysis for a while because the situation is too volatile to track on a daily basis. Just when you think oil has taken a beating, it surged back to the fore but before the ink has dried, it beat a hasty retreat again the very next day.
With the barrage of […]
Jun
5
Bull Versus Bear Battle Rages On
June 5, 2008 | 1 Comment
Bull vs Bear battle rages on in the Singapore stock exchange. The Straits Times Index increased by a mere 9.09 points to 3143.89. Trading volume was weak at 1002.7 million. Gainers/Losers stood at 234/268.
To me, such a market performance is poor especially when we consider a multitude of positive news for the US economy. […]
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