Monday, January 4, 2016

ALL red in first trading day of 2016 - Stock we watch



The worst-ever start to a year for Chinese shares triggered a trading halt in more than $7 trillion of equities, futures and options, putting the nation’s new market circuit breakers to the test on their first day.
http://www.bloomberg.com/news/articles/2016-01-04/chinese-stocks-in-hong-kong-extend-annual-slump-as-yuan-declines 


Trading was halted after the Index dropped 7 percent, this is mainly due to 
Weak manufacturing data, end to share-sale ban sparked rout

Following the China Market, the rest of the regional market also extend its losses,
STI close down 47(1.62%)
HangSeng down 587(2.68%)
Nikkei down 582(3.06%)
KLSE down 39(2.31%)

Though market is down, there is nothing to be worried as there is many occasion like this before, what we do here is to get out if our stoploss price is hit. Follow the plan, and look out for strong stock to long, and weak stock to short using CFD. Go with the flow.


With market like this the we are surprise there is still quite a few Strong Stock:
Singapore: SATS, HKland, Venture, Cordlife
Malaysia: Hevea, Inari, Chinwel, Latitud, Liihen, Geshen


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