Aug

31

Momentum Trading On US Assets

August 31, 2008 | 2 Comments

Wall Street suffered a bloody nose on Friday but investors can seek solace that US assets are looking attractive. Certain events confirmed that hot funds are plumping for US assets and some momentum trading is underway. In a volatile investment climate, the most dangerous place may actually turn out to be the safest.
Firstly, the US […]

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Jul

18

Wall Street Post Consecutive Gains

July 18, 2008 | 1 Comment

How long has it been since Wall Street posted consecutive gains? For nearly two weeks, we have seen a rebound only to be followed by more losses the following day.
Well, Wall Street broke out of their trance (posting more than 200 points gains in two sessions) but regional stock markets were still mixed in reaction.
The […]

Jun

27

Inexorable Slide In Stock Market

June 27, 2008 | 2 Comments

The ST Index closed today at 2955.91, down by 25.04 points. Gainers/losers stand at 173/409 while 1.077 billion shares were traded.
No surprise for the red ink given that Dow Jones tumbled 358 points to close at 11,453.42 (its lowest finish since Sept. 11, 2006) due to record high oil prices and fresh troubles brewing in […]

Jun

19

Will Investors Hold The Fort At Dow Jones?

June 19, 2008 | 2 Comments

Since opening this Monday, the bulls have taken flight at Dow Jones and the index is descending steadily towards March lows of 11850. As I mentioned before, if investors can or are willing to hold the fort here, we can look forward to a sustained upswing for the next week or so, barring unforeseen disasters.
The […]

May

12

Dollars Gain Strength In Asian Trade

May 12, 2008 | Leave a Comment

The greenback posted modest gains in Asian trade as traders braced for data that may shed new light on the extent of the US economic slowdown.
Speculators adjusted positions following heavy selling of the US currency on Friday as traders bet on steady eurozone interest rates and mulled news of a big quarterly loss at US […]