This epic event took place here on our sunny shores, at a reported cost of SGD20 million.
Few held any high expectations for the outcome of this Trump meets Kim event.
Even fewer could have guessed that the two nations would be signing an agreement right there and then.
The key points from their agreement are:
- US and North Korea commit to establish new US-DPRK relations in accordance with the desire of the peoples of the two countries for peace and prosperity.
- The two countries will join their efforts to build a lasting and stable peace regime on the Korean Peninsula.
- Reaffirming the April 27, 2018 Panmunjom Declaration, North Korea commits to work towards the complete denuclearisation of the Korean Peninsula.
- US and North Korea commit to recovering remains of prisoners of war including the immediate repatriation of those already identified.
You can read more at this link here.
Let’s hope this is truly the start of the peace process for the Korean Peninsula.
There was some volatility in the USD today as the two leaders met, but overall our markets didn’t react much to the new developments.
Our markets are still stuck in that range it’s been in all of this year.
If you’d like to know how to position yourself in this trading environment,
Click here to discover how we do it.
STI
Currently it’s hovering around the 3450 level.
No clear trend on the broad market still.
Don’t be too aggressive with your portfolio.
STI still hovering in the 3450 zone
ComfortDelGro
With an average entry price of $2.18, we have seen gains of 15% since average our entry.
Now we just need to monitor the trailing stops to protect profits while riding the trend.
This is usually the easy part of the trade, where we just need to manage the trade.
Until price tells us to get out, we don’t need to do anything.
Be patient and follow system.
ComfortDelGro still moving nicely, be patient and follow system.
SIA
No signal since we started watching this.
Be patient and wait for a valid signal.
SIA still sorting itself out, wait for valid signal for entry.
There are a couple of other interest counters but still early for them.
So keep your eyes open, opportunities are out there!
Click here if you’d like to find out how to identify opportunities in various market conditions
Good trading folks!
