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Saturday, June 12, 2010

Stocks snap 3 weeks losing streak

Right, since my last post, the market went down instead of rebounding on my support, but it rebounded back later and went up. The last candlestick forms a hammer, so most probably markets will reverse into downtrend or consolidate again. We are going to test the 200D MA again.

I'm seeing a slight divergence in the MACD so this could mean a uptrend might be near.

These few days STI and DJI are not in sync with each other. So it's difficult to read the market movements recently for stocks in Singapore.

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