Obama has finally won the US presidential election to be the 44th president and the first African American to get into the white house. The Asian stock generally reacted positively to the news, but Europe and US market seem to be in the red as I am writing this post. There might be some profit taking action going on.
Do you think the rally will still last? What is my stock pick today?
US is holding their presidential election today. We have seen a rally in the US markets since last week and many people believe that is so called presidential election rally. Obama fights against McCain. It is also one of the historical moment for American as they either elect the first African American or the first oldest president elected to a first term.
Where to you think the stockmarket will head to?
We were seeing Singapore stock market plunging begining last week but we also saw the market recovering from its loss in the 2nd half of last week. While all traders and investors are waiting the for the final Green Light from US congress to approve the rescue plan, the market will definitely come to a half in its rally now.
Instead of posting the regular Singapore weekly stock market trends on Straits Time, I was thinking of change the post today to write some of my watch list today as I found that there are many stocks are trading very near to the resistance level plus at high volume trading today too. I am creating this watch list not for you but actually for myself to monitor the market, if you do like to follow, please make sure you analyse and make your final decision.
Let’s take a look at these stock counters!
I have been scanning the Singapore markets for stock picks near the resistance and support. Likewise, I continued my daily practice to screen for the some stock market picks today.
I found Hyflux is trading very near to the resistance now and offer very good reward/risk ratio. Another stock Semb Marine is also trending downward as well.
Trading Near Support is good strategy to adopt to screen for stock market picks. I did a scan on the Singapore stock market today and again I found that there are many new counters are trading very near to the support now.
Among them are Cosco Corp, Indo Agri, SGX, SPC, Tat Hong & YangZiJiang.
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.
I have analysed the weekly stock market trends of Singapore STI and Hong Kong HSI. There is a high chance of tendency that these 2 markets is leading into a down trend. Therefore, I screened the Singapore stock market for some possible stock market picks for me to watch tomorrow.
Let’s walk through some of my prelim stock market picks now!
Do you have plan to select the best winning stock market picks for yourself? The reason that 80% of people in the stock market are losing money because they do not have a stock market trading plan to guide them how to select the best stock market picks.
To be an effective trader in the stock market, you must have a trading plan. That’s the habit of first thing first of 7 habit of highly effective trader.
Let’s explore the 5 simple steps to help you selecting the the best stock market picks now.
