Wednesday, May 14, 2008

Impact of China earthquake

So far the market didn't take the earthquake too badly. However i do observe the high volume transacted for S-shares and the price wasn't able to clear the resistance. Now, if the price continues trading at this level and doesn't head higher, i'm going to take a bearish view. I was pretty disappointed my stocks did not gain strongly after the triple digits gain by Dow Jones.

Current situation i am in is, i have been opening up new positions as buy signals began to appear in my XPertTrader screening. Support levels still holding well and tonight's CPI from US side shows tame results. Hence i will cautiously load up and build a portfolio of stocks to ride to 3300 pts.

Growmoney quickpicks

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.