Friday, April 18, 2014

Getting back to the Stock Market Again

In recent times, I noticed the STI is keeping at it and just keeps knocking on the 3200 level. This mildly surprise me and I thought the market might be worth a second look. So I look at the chart and I see it finally breaking 3200.
It seems to be breaking out of its downtrend, the downtrend which was holding me off this market for a while now.

So let us look at the DOW. It has been in an uptrend while the STI was in a downtrend for 2013. It has been a divergence of trends, and now it seems the STI is joining in the uptrend as well. 

I am betting on a resumption of the Dow uptrend and a reversal of STI's downtrend. Hence I have bought a stock in the Singapore market. Can you guess what it is? If on the other hand, you think otherwise about the market, feel free to leave a comment. Til my next post, risk small and frequent!

No comments:

Post a Comment

Search This Blog