Philip Chua Business Blog

Posts Tagged ‘direction’

THE local stock market yesterday continued to display the same features which have been a hallmark of trading for more than a month now – low liquidity, mainly rotational activity generated by dealers and proprietary desks, and as far as blue chips were concerned, a reliance on Hong Kong first for direction, then Europe.
All of which is another way of saying that trading representatives mainly rep… more

Technical analysis shows us the Euro may continue its uptrend but we may have a correction first. Indicators are in a bullish direction like MACD, which crosses the signal line upwards. RSI is in an uptrend. Bollinger gives us a bullish signal by closing the candle above the higher band.

The Securities and Exchange Commission accused Sean David Morton, who said he could foretell the stock market’s direction, of swindling $6 million.

President Barack Obama said Friday that the trend in the labor market was heading in the right direction even though the economy shed more jobs than expected in December.

Employment – Government – Unemployment – Business – Business & Technology

Currency dealers watched US yields this week for clues on the direction FX trading would take in the first months of the new year. The dollar price action mirrored yields in the US two-year note all week: yields in the note climbed to test 1.18% early on, aiding the dollar,…

PENNY stocks were all the rage yesterday as trading for 2010 first got off to a slow start but picked up as the day wore on. The Straits Times Index, as always, depended on Hong Kong’s Hang Seng for direction, thus closing a nett 3.07 points weaker at 2,894.55 when the Hang Seng also closed marginally softer.

But it was in penny stocks that the real action was to be found and this was amply refl… more