A word to wrap up what happened in the market this week: volatility!
Traders love this week! The volatility creates making money opportunity. Provided you stand on the right side- long when market tumbles, short while market rally. We bet standing on the wrong side could be very hurt- financially and mentally.
Overnight Dow Jones surged 369.96 on Friday closing, finished at 17847.63. We see Asian market will open higher on Monday morning. But after that, will the Santa rally continue? Or every rally is another selling opportunity?
Hang Seng Index closed down 181.12 at 22235.89; December futures closed at 22152, down 265. The range of the week for spot futures was traded between 21856-22576 (720). For KLCI Index, the cash market closed at 1667.87 (-6.05), spot futures closed at 1661.5 (-7.5).
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