Current stock market trend at the moment

For those with an eyes for detail, you would notice that even though the index was in the red, small cap companies are still rallying. The economic situation may have improved slightly but investors attention have turned to growth instead. Investors have grown tired of knowing that the recession is ending and now they are expecting more. The next rally would most likely be trigger by anticipation of growth, till then, the straits times index will most likely be hovering and sideway trade for awhile.

Therefore, in the mean time, you can consider trading on the mid cap and small counters whereby speculators are in play. Do take a look at JES, can consider to buy at 0.23 and sell at 0.26. MACD and stochastic oscillator are both showing bullish buy call. Do remember to exercise caution while trading and implement a cutloss strategy.