Sunday, April 25, 2010

The rally that won't die

  • Market still in uptrend. Despite Greece, Goldman Sachs... etc, it is still going up.
  • IBD reports favorable breadth (IBD 100 still rising).
  • 8th consecutive week of gains.
Back in Singapore:
  • GS sparked off a round of selling in the local market. Now we have had 5 days of almost continuous broad-based selling. My broker suggested that this is a safer time to buy, as all the contras are wiped out.
  • Also gives an opportunity to select stocks based that have retraced slightly (not below a previous low) on low vol... as a way to sort the wheat from the chaff.

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