With hope that the Super Committee to the rescue….. wait… you mean they gave up liao?

The congressional panel tasked to devise a debt-cutting plan to the tune of more than $1 trillion is expected to announce that it has failed.

Maybe they will lock up all the Super Committee in a room to get a consensus on Thursday? … wait… You mean they have Thanksgiving holiday on Thursday and only half trading day on Friday???

You mean to tell me that holidays are more important that the US of A budget? You mean that when they give a deadline that it must be done by Wednesday Nov 23, they are so sure that it will be resolved and no contingency for any Plan B? So, if it is not resolved, all will just go home and eat their hot roasted suckling turkeys???

Wow, can someone elect me to the US Senate Committee? After being rejected from Greece and Italy PM, all I can say is that my resume is all ready for submission.

Now, back to market. Spain just completed their elections over the weekend and… simple. Let me give you a snapshot of www.marketwatch.com main page as of 9:40pm 21/11/11. Circled are all bad news.

So, any good news?

Today, Singapore stocks sell down but the volume luckily is not high. But remember, price is always the truth. And the truth is price is going lower today. And I screened the market today and we have 40 oversold and 2 overbought. Which means market is now in oversold territory. In layman term, yes, market can go lower but if you are thinking of shorting now, you have to be more careful as technical rebound can happen at any time. Plus with US holidays this week and so many USA and European news, anything can happen. Therefore, do understand your risk. Yanlord and Noble Grp was featured in weekly YouTube video and it collapse further today. If you have not watch it, do remember to watch it. and more importantly, do share the YouTube video with your friends.

And if you are thinking of buying? Well, I have not seen any good bullish signals yet. Maybe I am blind, but so far with my eyes, I see nothing yet. And, do remember what i shared in here is just my personal opinion. I am not your broker therefore I cannot give you any advice. Opinion yes, advice no.