SPDR Morgan Stanley Technology Index ETF: 29 December 2013, Sunday, 8.00pm Singapore Time
Chart courtesy of StockCharts.com
Chart courtesy of StockCharts.com
Attached above is the SPDR Morgan Stanley Technology Index ETF.
As per warned that Dow Jones Industrial Index (DJIA) 16600 points will trigger an algorithmic sell-down, Dow is now nearing that region.
As Dow approaches the critical area, the SPDR Morgan Stanley Technology Index ETF has an unusual high unload, and note that it is an Index ETF. Hence one needs to be cautious of the NASDAQ and technology stocks too.
There is a high possibility that the worldwide resumption in selling will be carried out in January 2014. In essence, 2014 may be welcomed with a sell-off. Cautions are warranted if one is heavily longs/buys.
In my next analysis, I will cover Singapore Property Sector. In October 2012 when properties were riding high, I warned of a significant correction to come. As per my style, saying things before it happens, the property sector suffered setbacks in 2013. How will it perform in 2014 and how to know how the property sector will fare in 2014? Property owners definitely need to look out for my Property Sector Update Coverage.
In my next analysis, I will cover Singapore Property Sector. In October 2012 when properties were riding high, I warned of a significant correction to come. As per my style, saying things before it happens, the property sector suffered setbacks in 2013. How will it perform in 2014 and how to know how the property sector will fare in 2014? Property owners definitely need to look out for my Property Sector Update Coverage.
Dow also got an unusual volume.
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