Wednesday, October 27, 2010

Market outlook, SGX, Noble, RafflesMG..

STIclosed at 3124, down 38.12 points today, it breaks the 20ma (white line), maybe will head to test 3100 the 38.2% Fibonacci level. If breaks below that, the next support level will be 3068.

The list on the left is some bearish stocks that we should let go. The few that need to be highlighted is SGX, Noble, Midas, SIA,F&N, Capitaland, guccoland, RafflesMG...etc.. The trend is telling us to get out.