Tuesday, August 20, 2013

Market Outlook - Correction Again???

As mention in previous post on market outlook, if STI break 3200 we have to reduce our position. I believe many of the retail players are still in Long position and not willing to get out. As a trader, we cannot always expect the market will turn out to be the direction we THINK it will go. Some times they will just go opposite direction. However when the direction is Obvious, pls do Follow the Trend, Get out of the market and go Shorts. Above are Stocks that is previously Strong Stocks. Using our Position trade scan, the results is telling us that these strong stocks has turned weak recently.
This list above are stocks that is previously weak stocks, now turn weaker. You shouldnt be holding these counter right now. Should have cut losses long ago.