Thursday, January 5, 2017

Singapore Straits Times Index - Bull Run for 2017?

The market had been pretty bullish for the start of 2017. I think this bullish run may last till CNY and the only strategy now is to long on reactions. Never go long on breakouts or gap ups. Looking at the chart, for the past 2 days, the market turned so bull and beat all estimates. It came from nowhere out of my expectations. I am bullish till CNY for now but I am also cautious of sellers and look to long only at the right timing, right stocks.

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Ronald K - Market Psychologist - A Stock Market Opportunist