InvestMoneyLab

While the overall market looks very bearish, I am seeing many stocks trading near the support and many of them broke the support as well. I saw many of them are in the property sector like Capita brothers and Yanlord. Look at CityDev also broke the support at 10.2. That’s why I am wondering if the property sector is now leading the market in the downtrend.

There are 2 stocks that was trading on the high volume today caught my attention.

Alright, instead of analysing the chart, I have decided to start something new today as well. I decided to look at some stock market blogs and websites and share them here in this blog. I am doing that such that I can also learn from other blog and listen to other people opinions abou the stock market as well.

My purpose of writing this blog is to learn. So, reviewing and learning from other bloggers does definitely fit into my original objective of this blog.

Let’s do that now!

As we are seeing the STI trading in the support zone between 2,745 & 2,800 now. We are seeing more and more stocks are trading very near to the support level as well. Plus, there are some seem to have a break down happening.

I had 3 stock market picks yesterday, but only Yanlord appear to have a breakdown. Let’s look for a confirmation tomorrow.

There are some interesting stock market picks in the property sector today.

There has been quite a lots of bad fundamental news surrounding the US stock market now. Inflation is worrying, house price is dropping to a new low, plus there might be another round of the sub-prime concern that is hitting the 2 big mortgage giants in US. The market has been bleeding and dropping in the last 2-3 months. It has finally come to a halt last 2-3 weeks by swing sideway. That’s a relief to many of us, isn’t it?

What is the outlook of the US stock market trends in the near future?