First Post!
Hello all,
This is my first post for my blog.
I need to practice what I believe. Which is if you get the general market trend correct, you already have 20% confidence in your investment decision.
I am very new at this, so please provide feedback and guidance. Here goes:
I will start will tracking the big 4 market trends.
At a glance:
- Dow and Nasdaq upward trend is still very intact. Still very bullish. Volume is also very healthy which points to continuation of the upward trend is expected.
- HKSE is bounced off the support line of 22348, moving pass the 20/50/100 days moving average.But volume is dying down a bit. So still upward trend but is not strong.
- STI just bounced off the support line of 3053. So a sigh of relieve for many investors. Volume is stable and by getting hints from other markets, I think STI will not break the support…for now.