The forex market is a bit funky as the price just keeps moving higher. There was a drop for the EUR, then it went higher after the NFP report. EUR/USD will have to wait for the direction whether will it go up or down. Watch for GBP/USD as it might go bullish again.
US Stocks
Really big rally for the DOW as I am guessing the public who shorted were caught off guard during New Year Eve. Probably it will continue to rally up.
Bought the bottom for Alcoa? Might be a good time to buy for this stock.
Singapore Stocks
CapsMallsAsia is really strong for the year since its low. Buyers will have to start to beware.
Kepland had an amazing performance for Dec. Now is will it go higher? I'll rather wait for a correction.
When Olam got into trouble where public were so nervous and dumped the stock. Notice there was a capitulation where Temasek pledge to buy Olam's stock? People were so skeptical about it? Traders who know how to spot turning points do not care about news as news are just to manipulate the public. Guess what? A very big reward for those who spotted the bottom and bought the stock.
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