The dreaded monthy is coming to a close. Stock markets are hitting the highs. Looks like there is no bad news to prevent a crash or a huge drop.
There is certain anticipation of a FED cut by end of the month.
There is some profit taking on these stocks. The market started positive for the first couple of hours. But it fell throughout the day. It is nice to see some volume in action except for SembMarine which I think it is speculative at the moment.
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Keppel Day Stock chart |
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SembMarine Day Stock chart |
I think it will fall further tomorrow. May be it is a good entry if you have missed the first run.
Please see my disclaimer in my blog....
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