Friday, August 03, 2007

STI up 0.6, volume 2.8 billion

Just got back...woah..what a day :)

Had a pleasant surprise. Almost all my portfolio is up, and more importantly, seems like construction stocks are revived :) Could it be the big one this weekend? Hmm...wishful thinking ;)

STI had a funny candlestick. I believe it's a tweezer formation. Always close at a level for the 3rd consecutive day already. Could be in for a short rebound? We're still in downtrend and buyers had been rather hesitant to buy up the cheap shares, despite Dow closing rather well the last few days.

I'll blog more this Sunday.

Dow -33, Europe all red. Might be heading for another volatile week ahead. Have a great weekend ahead!