It's going to be a very challenging week to trade this coming week. Trading days will be Monday, Wednesday and Friday. Who will dare to hold on to shares with Tuesday and Thursday being holidays. That aside, there will also be holiday makers who will seize this chance to take a break away from market and Singapore. With all this factors in, volume will be thin and market, quiet.
US market Rallies on Friday and bring about much joy and bullish faith as the market rebounded strongly. This time the reason was given as the better than expected GDP growth despite the hellish torment from Hurricanes. Also, I think most traders are betting that the new Fed chief will not be as enthusiastics in hiking interest rate that often.
I anticipate market to recover some if not all the loss last week and the return of the bull rally. Results so far has been decent and i don't see why are we selling down. With so much fats shaved off, prices look cheap again. Bargain hunters should return.
No charts tonight as I prefer to watch tomorrow's closing to confirm the tone of trading for this week.
