Saturday, December 30, 2023

STI ETF - 29 Dec 2023

What does this stock chart says?

Enter the 3rd of bullish bar, current week is the largest bar.

FED cutting interest rate news is still on play, so far NO new bad news and the rally might stall or continue.  Take note that many stock price are near the incoming resistance.  Need to be cautious even though high can still go higher.  The Greater Fool theory.

My current strategy is to continue to sell some stocks as the STI goes higher as we can never know how high it will go.  Buying will be a no go for now.



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