SGX Warriors WatchBlogs

Singapore market news on 4th June 2012

SGX Warriors
Publish date: Mon, 04 Jun 2012, 11:18 AM
SGX Warriors
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How and What to Trade Singapore Shares with Exact Entries Setup...
Asia markets skid as investors take their first chance to react to weaker-than-expected U.S. jobs data, raising fresh doubt about global economy. We expect choppy market ahead as investors are still uncertainty about the degree of seriousness. What we can conclude for now is that support is seen at 2700 temporarily. Short covering might take place from here onwards. We advised investors to stay on the sideline for the time being. Weak stock for reference is SembCorp. Share could not break over 4.95. A breakdown from 4.67 will signify a further pullback. Sentiment ---> neutral (more biased on the downside)
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