The index of STI has went up a consecutive 6 days after an expected correction since the end of April. Many prices have hit 200 days Moving Average and looks set to be volatile for days to come. Gold price has hit record high again but went down as usual when the Euro came up against the dollar. The market seems to be much stable now compared to 2 weeks ago and many investors are jumping in to ride the trend together with a wave of good news.
There are a few things to look out for in the remaining weeks. The situation of the BP oil spill, the unemployment rate in America and Europe. This three issue will affect the market as long as companies have not announced their quarterly result.
Hold your shares. Expect an uptrend to come for a few months.
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