EURUSD ended with a damper on Friday. Is it a correction? AUDUSD seems to consolidate but looking strong while USDJPY still stuck in consolidation.
US Stocks
Dow Jones Index rallied on Friday (could be just a short covering). Based on my chart, there is still some more to go before reaching its support. So watch for it next week.
Hong Kong Stocks
Hang Seng Index has a bit of jumpy mood. Where is it heading? Currently it looks like it's in a downward bias.
Singapore Stocks
Seems like Capitaland is continuing the selldown from its consolidation last week.
Has Noble Group finished its accumulation and pushing to new highs?
Friday was a historical day for penny stocks as something big happened. 3 stocks were suspended for their sudden big fall in value after a such a big run up. One of them is Blumont, which I believe alot of punters were punting. And I guess its because of recent popularity of punting penny stocks in Singapore has caused an excessive push in value. And given high manipulative nature of these penny stocks, fall will ensure to trap retail investors. But to this magnitude, its the biggest I have ever seen! I believe many poor retailers were burnt very badly and worst if they were in contra. This is just scary.
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