HSI and STI rebounds

As expected, HSI and STI ended on a positive note in view of a grossly oversold market. I believe the morning plunge causes some panic but if you stick to my call of buying on dips, you would be laughing your way to the bank now.

Tonight, we are expecting Federal Reserve Chairman Ben Bernanke to give his views of a possible stimulus package. I feel that it should be able to boost the market to end on a triple digit gain.

For tomorrow, you might want to consider buying on dips and selling on gains for HSI index warrants. As tomorrow is Friday, the strategy is to end your trades before 3, as profit taking might take place.