Will STI send technology stock through Oct?
October is traditionally a weak period for tech stocks as third quarter sales is the weakers. Currently STI is achiving higher high, but is pushed by mostly bank and property stocks, this can be scary…..
Tech stocks don’t move much at the moment, which is good if compared to the normal heavy drop in other Octobers, but can STI sustain? What if STI goes into correction, will tech stocks still enjoy their good run in fourth quarter as usual? Or the correction will trigger a broad base correction?
So many buy calls on tech and potential upgrade or rating, but it just don’t move much… i’m too into it and only realise that DBS has broken 20 dollars level a few days ago…..
The best scenario will be, strong STI sees tech stock through this tough month, and tech stocks begin their rally as usual after this, no matter how STI change, but looks kind of hard huh.
