STI intra-day

[Speculatist]

Daily Commentary:

 

Now the STI is trading at negative territory, from +33 points in the morning.

 

Very strong sign of intra-day punting recently.

 

If you watched it closely enough, you will find that everytime after a jump in overnight US market, STI will open high and close lower.

 

The sentiment is not that clear in case you want to initiate position now and hold for long.

 

 

Trading Suggestion:

 

Keep your current holdings (No point to sell all your long term holdings now anyway)

 

Play intra-day if you want to generate some daily cash and confident of your ability to do that.

 

If you are not sure, do not trade.

 

Hold you fire once you see some "breakout" in price, it could be a bull trap.