Tuesday, January 5, 2010

SGX market action (Tues 5th Jan 10)

Still strong, but a little more mixed than yesterday:

- A few stocks flew 5-10% on high vol (KepLand, SIA Eng).
- Many others faltered the second half of the day (Amara), so we get a few black candles. On high vol too, but usually slightly lower then yesterday's breakout.
- 162 stocks above 20c making new highs, comparable to the peaks of the March and Oct bull mkts. Approaching short-term overbought levels.
- 8/20 stocks in the top vol list below 20c. Still OK.

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