since my last post as I was very busy at work, trying to catch up what I was lacking while I was focusing on my exams during the start of the month. Results are coming on 4th of June and hell.. I do hope I can graduate and not repeat any modules during such a bad time.
Nevertheless, I am still monitoring the markets quite frequently and markets seemed to hit a peak at dow: 8500, STI: 2250. Everytime when the market reaches the mark, profit taking seems to be heavy and trending along the channel. Dow never broke and closed below 8100 and STI never closed below 2050.
Looking at USD/Yen, it is relatively disturbing as it has reached a low of 95.12 - 95.14 +0.36 again. While Japan's GDP has been shrinking for the past few months, the unwinding seems to hit them even harder. Within all the doom and gloom, COE prices are still edging higher and higher each month in Singapore! Does it imply that there are really alot of buyers in the market or they reduced the supply and thus, price should go higher for COE? My guess is the car dealer market should be very dry and stiff due to this. Even I got turned off by the rising COE prices!
Last but not least, the weather has been horrible these few days. While the heat was building up fast and furious, you will suddenly see a turn in the weather and boom, the heavy rain starts. Kinda like our stock market isn't it? :)
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