Tuesday 3 November 2020

STI 2,497.22+54.09 (+2.21%)

 

Why sudden surge of +2.2% in STI today? Last happening in June.

Trigger massive short coverings???



7 comments:

  1. Markets are pricing in Biden win, which will be less terok for Asian stocks.

    Maybe 30+% returns for STI next year! 🤣

    ReplyDelete
    Replies
    1. LOL! As of last night, I'm already 80% stocks & only 20% warchest left.

      If there is drawn-out contested election results, or if there is US Civil War v2.0, I'll up my stocks to 90%.

      Delete
    2. Wah! You drunk Red Bull! Strong and steady!

      Delete
    3. Hoseh liao!

      You win and huat tua tua! Congratulations on your courage to buy when Wall ST is bleeding. :-)

      Stock futures rose slightly on Tuesday night following a sharp rally during regular trading while investors awaited the result of the presidential election.

      Dow Jones Industrial Average traded 131 points higher, or 0.5%. S&P 500 futures gained 0.4% and Nasdaq 100 futures advanced 0.3%.

      Earlier in the day, the Dow popped more than 500 points, or 2.1%. The S&P 500 gained 1.8% and the Nasdaq Composite advanced 1.9%. Those gains added to Monday’s strong performance.

      Delete
    4. TQ Uncle8888 :)

      But huat not that tua lah LOL. Coz not all high-flying tech or even better, Bitcoin 😂

      I've noted that longer term signals have been more & more positive over the last 6 months. In fact the US reached "overbought" on many metrics by Aug.

      Just slowly whack in 20% cash from Sep till early-Nov --- catching both short-term lows as well as highs LOL.

      Currently roughly 40% in US, 20% in China, 20% in India, 20% cash.

      Ehh, S'pore got lah ... maybe about 2% somewhere among the above aggaration numbers LOL.

      Delete
  2. First entry into reits post Covid crash

    ReplyDelete