The above was yesterday's headlines. When you see such a headlines in the national newspapers, the market will likely come down that day. Most intra-day traders will short the futures and close at the end of the day.
I am a contrarian - most of the time. But I am not a contrarian for the sake of being a contrarian. My personal views - based on technical and fundamental analysis - is that the mid term direction (monthly) that I trade, is still UP. This applies to both in Singapore and US stock markets. UP direction do not apply to Commodities and Forex as there is currently divergence in the markets.
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