As expected, it was a choppy day for SIMSCI. No position was established as market seems to be directionless. This is 12-min chart.
The view of choppy day was built when observing positive Nikkei and negative Hang Seng during morning session. These two leading indices in regional market are contradicting and it was likely to pull [...]
I saw DataCraft and Statchipac as interesting shorting candidate for 24-May-2006. Position has not been established yet. As market tends to be moving sideway. Nikkei is trading is positive territory as well. I would like to watch further before taking any action.
Datacraft daily chart
statChipac daily chart
From the desk of Tradergav.com
I am actively trading Singapore stocks and Futures market. It is a long journey to become a better trader. Non stop learning is the key to be better. Technical analysis is my trading approach. I will invite other traders whom I feel they can offer some valuable experience or information to [...]
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