Market sentiment ww21

wow, one more day to end of May, usually bullish after today memorial day which market close. Most of the stock has been in the oversold region, some are in nice attracting low part of channel or support region. Will June rally > or be more nasty than May ?

couple of local stocks do see potential buying, i will watch it closely.
Golden Argi has been travel in a uptrend channel, it has meet the low risk entry and the SS has been reliably accurate whenever it reach oversold region, people are buying it, current rest on 200SMA double confirm the support level, I will definitely XXXX this stock.

OSIM has been trade within an uptrend wedge pattern, seems like waiting for some catalyst to boost the price up, i will monitor this closely, very closely.

Sembawang my all time favourite never fail me, travel in uptrend channel and with its solid foundation, what could be the worst if it is to harm this counter. SS also be a good indicator to enter in low risk and 100 DSMA double confirm the support region, technical analysis for local stock has been straight forward.

Market Sentiment ww20

Technically Dowjone are still above SMA50, which consider bullish, but MACD has been trending down, divergence with the DOW performance, earning has been officially ended with 30 stocks of DOW completed review earning result..This Friday market down are expected due to expiration Friday, and usually May will end better bias to up side...
Sentimently not so great as bad news keep coming out, Japan officially in recession, China start to see stagnant in economy growth, US credit hit ceilling, Ireland volcano erruption, natural disaster in US, bla bla bla ....
June is a tough play, i will tighten my long position and bias to down side..

to buy or not to buy?

Although market start to retrace or correction, every dip there a buyer to scoop, bear and bull are fighting hard right now. Consumer staple and healthcare sector seems to be good defence sector. stocks like KO, HAS, CL hold well while overall market retrace, shall i buy these stocks ?