$FTSE Singapore Straits Time Index (.STI.SG)$$FTSE Straits M...
$FTSE Singapore Straits Time Index (.STI.SG)$ $FTSE Straits Mid-Cap Index (.FSTM.SG)$ 🙈🙈 this is still a waiting game for swing trade in SGX. Many bo setups had been destroyed or in process of being destroyed. Until new setups emerge again, I’ll look elsewhere.
(I’m back in holding cash for SGX acc since last week)
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80% technical 20% fundamental.
A momentum swing trader and follower of Jesse Livermore, Bill O’Neil and Mark Minervini
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我要你一鋪清袋 : Can explain?
Momentum Trader OP 我要你一鋪清袋 : Distribution and Sellin down market now…regardless of good/bad earnings release. Don’t you feel that too?
Good Chart patterns created previously mostly destroyed and look very ugly now. Market needs Time to heal
and digest the distributions. Buyin lows now mayb a long sittin period and lose opportunity cost to compound gains elsewhere
我要你一鋪清袋 Momentum Trader OP : US stocks are not on same trend as Singapore. That’s what I observed. I aybe wrong.
Momentum Trader OP 我要你一鋪清袋 : US is in Bull market, in fact an extended Bull. There is no way to compare US and SGX.
Trading SGX market is like driving a car in 1st gear, whereas it’s driving 7/8th gear in the US, if you know what I mean.
我要你一鋪清袋 Momentum Trader OP : Is it just sentimental sell down in SG?